Oklahoma Proton Foundation
- Assets
- $83.2m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 74
- Location
- Oklahoma City, OK
- Founding
- Data as of
- 12/2023
- EIN
- 84-4765097
Organization Overview
Oklahoma Proton Foundation is located in Oklahoma City, OK. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Oklahoma Proton Foundation employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Proton 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 12/2023, Oklahoma Proton Foundation generated $28.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $31.4m during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION WAS FORMED TO ACQUIRE AND OPERATE A PROTON THERAPY CENTER LOCATED IN OKLAHOMA CITY, OKLAHOMA. THE PROTON THERAPY CENTER OPERATES UNDER THE NAME OF THE OKLAHOMA PROTON CENTER, LLC. PROTON THERAPY IS THE CUTTING EDGE OF RADIATION CANCER TREATMENT. IT IS AN ADVANCED FORM OF RADIATION THERAPY UTILIZED FOR A GROWING LIST OF CLINICAL INDICATIONS, INCLUDING BRAIN, BREAST, LUNG, PROSTATE, AND PEDIATRIC CANCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OKLAHOMA PROTON CENTER, LLC, WHOLLY OWNED BY THE FOUNDATION, IS A CANCER CENTER THAT HAS SUCCESSFULLY TREATED THOUSANDS OF PATIENTS FROM ALL OVER THE UNITED STATES AND FROM FIFTEEN DIFFERENT COUNTRIES. ITS DOCTORS HAVE EXPERIENCE TREATING PATIENTS WITH A WIDE VARIETY OF CONDITIONS, INCLUDING BREAST CANCER, LUNG CANCER, PROSTATE CANCER, HEAD AND NECK CANCER, PEDIATRIC CANCERS, LIVER CANCER, ESOPHAGEAL CANCER AND MANY OTHER DIAGNOSES. THE FACILITY FEATURES FOUR TREATMENT ROOMS WITH ADVANCED IN-ROOM IMAGING CAPABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Richard Fransen Chair | OfficerTrustee | 1 | $6,250 |
Les Fout Treasurer | OfficerTrustee | 1 | $6,250 |
Rodney Baker Secretary | OfficerTrustee | 1 | $5,000 |
Gary Bridwell Board Member | Trustee | 1 | $5,000 |
Nicholas J Samarripas Board Member | Trustee | 1 | $5,000 |
Steve Rowley Board Member | Trustee | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iba Proton Therapy Inc | 12/30/23 | $3,545,219 |
Han-chih Chang | 12/30/23 | $2,176,038 |
Allied Health Management Llc | 12/30/23 | $2,045,430 |
Blue Orca Marketing Llc | 12/30/23 | $1,098,029 |
Radiation Business Solutions | 12/30/23 | $534,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,181,973 |
| Investment income | $283,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,970,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $5,277,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,743,480 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $5,296,996 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,457,540 |
| Insurance | $0 |
| All other expenses | $4,641,689 |
| Total functional expenses | $31,399,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,182,092 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,517,863 |
| 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 | $360,328 |
| Net Land, buildings, and equipment | $58,359,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,786,448 |
| Total assets | $83,206,043 |
| Accounts payable and accrued expenses | $8,206,287 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $66,665,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,626,161 |
| Total liabilities | $86,497,448 |
| Net assets without donor restrictions | -$3,291,405 |
| Net assets with donor restrictions | $0 |
| 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 | $83,206,043 |