Oklahoma Proton Foundation
- Assets
- $88.3m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 57
- Location
- Oklahoma City, OK
- Founding
- Data as of
- 12/2021
- 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 12/2021, Oklahoma Proton Foundation employed 57 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suresh Rana Key Employee | 1 | $185,284 | |
Jennifer J Washington Key Employee | Officer | 1 | $173,616 |
Hardev S Grewal Key Employee | Officer | 1 | $165,201 |
Michael S Chacko Key Employee | Officer | 1 | $154,346 |
Les Fout Treasurer | OfficerTrustee | 1 | $0 |
G Richard Fransen Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iba Proton Therapy | 12/30/21 | $2,841,222 |
Han-chih Chang | 12/30/21 | $1,463,061 |
Allied Health Management Llc | 12/30/21 | $1,166,707 |
Blue Orca Marketing Llc | 12/30/21 | $704,644 |
Mark R Storey | 12/30/21 | $640,464 |
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 | $19,727,486 |
| Investment income | $37,569 |
| 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 | $19,765,055 |
| 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 | $3,916,585 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,542,031 |
| 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 | $4,280,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,039,943 |
| Insurance | $0 |
| All other expenses | $2,660,322 |
| Total functional expenses | $22,935,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,204,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,038,142 |
| 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 | $819,392 |
| Net Land, buildings, and equipment | $64,414,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,790,514 |
| Total assets | $88,267,209 |
| Accounts payable and accrued expenses | $4,889,870 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $69,170,000 |
| 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 | $6,550,820 |
| Total liabilities | $83,610,690 |
| Net assets without donor restrictions | $4,656,519 |
| 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 | $88,267,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cancer Centers Of Southwest Oklahoma Llc Lawton, OK | $32,318,055 | $43,660,378 |
Kvc Hospitals Inc Olathe, KS | $14,298,341 | $36,590,391 |
The West Texas Rehabilitation Center Abilene, TX | $23,689,791 | $34,673,635 |
Oklahoma Proton Foundation Oklahoma City, OK | $88,267,209 | $19,765,055 |
United Methodist Behavioral Health System Inc Little Rock, AR | $21,001,810 | $20,279,034 |
Hendrick Anethesia Network Abilene, TX | $2,045,738 | $6,316,416 |
Ability Kc Kansas City, MO | $17,203,026 | $16,180,288 |
Santa Rosa Childrens Hospital Foundation San Antonio, TX | $36,800,661 | $10,156,446 |
Leo N Levi Memorial Hospital Association Hot Springs, AR | $12,474,763 | $11,104,687 |
Advanced Care Hospital Of Whitecounty Searcy, AR | $4,626,153 | $9,329,787 |
San Juan Regional Rehabilitation Hospital Inc Farmington, NM | $1,182,215 | $0 |
Kansas City Hospice Foundation Kansas City, MO | $22,601,330 | $5,104,991 |