Norman Regional Health Foundation
- Assets
- $4.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 73-1203942
Organization Overview
Norman Regional Health Foundation is located in Norman, OK. The organization was established in 1984. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman Regional Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Norman Regional Health Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AND DISTRIBUTE FUNDS TO SUPPORT THE LIFESAVING MISSION OF NORMAN REGIONAL HEALTH SYSTEM AND PROMOTE HEALTH AND WELLNESS IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORMAN REGIONAL HEALTH FOUNDATION FUNDS CRUCIAL PROGRAMS, SERVICES, AND LIFESAVING TECHNOLOGIES BRINGING HOPE AND HEALING TO THOUSANDS OF PATIENTS OF NORMAN REGIONAL HEALTH SYSTEM. THE FOUNDATION ALSO PARTNERS WITH NORMAN PUBLIC SCHOOL AND NRHS TO FUND HEALTH ASSISTANTS IN EVERY NORMAN SCHOOL.
THE NORMAN REGIONAL HEALTH FOUNDATION AWARDS SCHOLARSHIPS ANNUALLY TO STUDENTS ENROLLED IN A HEALTH CARE CURRICULUM BASED ON ACADEMICS AND FINANCIAL NEED. THESE SCHOLARSHIPS ARE INTENDED TO ASSIST ALL LEVELS OF STUDENTS, IN THE ATTAINMENT OF A DEGREE OR CERTIFICATION IN A HEALTH SYSTEM RELATED FIELD BASED ON HOSPITAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Talley Chair | OfficerTrustee | 1 | $0 |
Jim Wade Secretary/tr | OfficerTrustee | 1 | $0 |
Andy Sherrer Chair Elect | OfficerTrustee | 0.5 | $0 |
David Nimmo Past Chair | OfficerTrustee | 0.5 | $0 |
Sean Bauman Director | Trustee | 0.5 | $0 |
Lynn Weber Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $188,205 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $587,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,348 |
| Total Program Service Revenue | $0 |
| Investment income | $198,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,971 |
| Net Income from Fundraising Events | $56,364 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,149,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $519,188 |
| Grants and other assistance to domestic individuals. | $66,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,841 |
| Fees for services: Other | $16,666 |
| Advertising and promotion | $4,975 |
| Office expenses | $892 |
| Information technology | $16,997 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,833 |
| All other expenses | $14,656 |
| Total functional expenses | $1,125,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,386 |
| Savings and temporary cash investments | $3,060 |
| Pledges and grants receivable | $322,196 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,770,263 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,516,905 |
| Accounts payable and accrued expenses | $354,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $354,946 |
| Net assets without donor restrictions | $3,300,675 |
| Net assets with donor restrictions | $861,284 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,516,905 |
Grants Awarded
Over the last fiscal year, Norman Regional Health Foundation has awarded $519,188 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORMAN REGIONAL HOSPITAL AUTHORITY PURPOSE: HOSPITAL SUPPORT | $324,882 |
NORMAN PUBLIC SCHOOLS PURPOSE: SCHOOL NURSE PROG | $194,306 |