2023-10-23T15:50:59-05:00 2022-12-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2022-01-01 730583936 Osteopathic Founders Foundation % SHERRI L WISE OSTE 9185517300 8801 South Yale Ave Ste 400 Tulsa OK 74137 SHERRI WISE PRESIDENT/CEO 9185517300 2023-11-15 true SHERRI WISE 999009999 Jeanette Verrelli P00742631 9727028262 2023-11-15 2 2022 2023-04-26 12:10:37Z SHERRI WISE 8801 SOUTH YALE AVE STE 400 TULSA OK 74137 8917312 false X WWW.OSTEOPATHICFOUNDERS.ORG X 1943 OK TO IMPROVE HEALTH AND HEALTHCARE IN NORTHEAST OKLAHOMA THROUGH THE SUPPORT OF OSTEOPATHIC MEDICAL EDUCATION ACROSS THE CONTINUUM OF LEARNING. 11 11 5 15 0 0 457363 204757 53599 35203 2215419 1203838 0 -9800 2726381 1433998 221586 247827 0 0 367874 283838 0 0 37786 353614 403195 943074 934860 1783307 499138 24808209 21523163 601007 798595 24207202 20724568 X THE MISSION OF THE OSTEOPATHIC FOUNDERS FOUNDATION IS TO SUPPORT OSTEOPATHIC MEDICAL EDUCATION, TO ENHANCE THE PUBLIC'S UNDERSTANDING OF OSTEOPATHIC MEDICINE, AND TO IMPROVE THE HEALTH OF THE COMMUNITY THROUGH PROJECTS CONSISTENT WITH THE OSTEOPATHIC PHILOSOPHY. false false 222337 109920 7783 COMMUNITY GRANTS ARE AN IMPORTANT PART OF THE WORK OF THE OSTEOPATHIC FOUNDERS FOUNDATION. SINCE THE SALE OF OUR HOSPITAL IN 1996, THE FOUNDATION'S TRUSTEES HAVE FOCUSED ON UTILIZING OUR RESOURCES IN A MANNER CONSISTENT WITH THE FOUNDER'S ORIGINAL INTENT. GRANTS ARE AWARDED TO COMMUNITY ORGANIZATIONS WHO SHARE IN OUR MISSION OF PROVIDING CARE TO THE UNDERSERVED AND IN THE PREVENTION AND TREATMENT OF DISEASE. WITH THE SIGNIFICANT HEALTH DISPARITIES EXISTING WITHIN OKLAHOMA COMMUNITIES, PARTICULAR EMPHASIS IS GIVEN TO THE MOST BASIC NEEDS OF FOOD, SAFETY AND SHELTER. OKLAHOMA'S POOR RATINGS FOR THE HEALTH OF OUR CITIZENS DEMAND THAT MANY OF OUR RESOURCES BE DIRECTED TO THE SUPPORT OF BASIC NUTRITION SERVICES TO IMPROVE THE HEALTH STATUS OF THOSE STRUGGLING WITH FOOD VULNERABILITY. MULTIPLE GRANTS OF $5,000 EACH WERE PROVIDED TO FOOD DISTRIBUTION CHARITIES THROUGHOUT THE GREATER TULSA AREA. A PARTICULARLY VULNERABLE GROUP, HOMEBOUND ELDERLY AND DISABLED TULSANS, WERE PROVIDED 1,529 MEALS BY THE MEALS ON WHEELS ORGANIZATION WITH ONE OF OUR GRANTS. RECOGNIZING THAT PEOPLE LIVING WITH HIV/AIDS REQUIRE SPECIAL NUTRITION ASSISTANCE, OUR GRANT TO TULSA CARES WAS RENEWED TO SUPPORT THE SPECIALTY FOOD PANTRY. ENCOURAGING EARLY TESTING FOR CITIZENS AT RISK OF HIV/HEPATITIS WAS SUPPORTED BY OUR GRANT TO TULSA CARES TO PROVIDE SNACK BAGS TO THOSE PRESENTING TO THEIR FACILITY FOR TESTING. WE PARTNERED WITH THE STUDENT NATIONAL MEDICAL ASSOCIATION BY PURCHASING THE FOOD THAT THEIR MEDICAL STUDENT MEMBERS USED TO CREATE SNACK BAGS FOR THE IRON GATE FOOD MINISTRY IN TULSA. IN ADDITION TO FOOD, OUR $5,000 GRANT TO JOHN 3:16 PROVIDED OVER 1200 MEALS AND OVERNIGHT SHELTERS FOR TULSA'S UNHOUSED CITIZENS. WE ADDRESSED THE GROWING PROBLEM OF UNIVERSITY STUDENTS WITHOUT ADEQUATE FOOD RESOURCES WITH OUR INAUGURAL GRANT TO THE COWBOY PANTRY IN STILLWATER. THE OSU CENTER FOR HEALTH SCIENCES RECEIVED GRANT OF $50,000 TO SUPPORT THE SIMULATION CENTER WHICH PROVIDES MEDICAL STUDENTS WITH EARLY CLINICAL EXPERIENCE AS AN ADJUNCT TO THEIR TRAINING. THE FOUNDATION IS VERY PROUD OF THESE AND OTHER INVESTMENTS THAT WE CONTINUE TO MAKE IN THE TULSA AND NORTHEAST OKLAHOMA COMMUNITIES. 265063 137907 27420 AS STATED IN THE MISSION STATEMENT, SUPPORT OF OSTEOPATHIC MEDICAL EDUCATION IS CENTRAL TO THE FOUNDATION'S INVESTMENTS. AT THE PRE-DOCTORAL LEVEL, TWO SCHOLARSHIPS ARE AWARDED TO OSTEOPATHIC MEDICAL STUDENTS BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL AMBASSADORSHIP, AND COMMUNITY ENGAGEMENT. OTHER SCHOLARSHIPS ARE GRANTED WHICH RECOGNIZE LEADERSHIP ABILITY AS WELL AS MEDICAL RESEARCH ACCOMPLISHMENTS. ALL OF THESE AWARDS ASSIST STUDENTS WITH THE COST OF TUITION, FEES, AND BOOKS. GRANTS WERE ALSO MADE TO THE OSU FOUNDATION, THE OKLAHOMA EDUCATIONAL FOUNDATION FOR OSTEOPATHIC MEDICINE, THE STUDENT OSTEOPATHIC MEDICAL ASSOCIATION FOUNDATION, AND THE AMERICAN OSTEOPATHIC FOUNDATION TO SUPPORT THEIR MEDICAL STUDENT SCHOLARSHIP PROGRAMS. FOR THOSE YOUNG PHYSICIANS IN POST-GRADUATE TRAINING, THE FOUNDATION OFFERS TWO PROGRAMS. EACH RESIDENT AND FELLOW TRAINING AT OSU MEDICAL CENTER IS ELIGIBLE TO RECEIVE ONE TEXTBOOK DURING EACH YEAR OF THEIR TRAINING WHICH IS TO BE USED IN THE DIDACTIC ACTIVITIES OF THEIR PROGRAM. STIPENDS WHICH SUPPORT THE COSTS ASSOCIATED WITH REQUIRED CONFERENCES, COURSES, AND OUT ROTATIONS ARE GRANTED ON A COMPETITIVE BASIS TO OSTEOPATHIC RESIDENTS AND FELLOWS ENROLLED IN AN ACGME ACCREDITED POSTGRADUATE TRAINING PROGRAM WITH OSTEOPATHIC RECOGNITION WHO ARE PARTICIPATING IN A COMPONENT OF SCHOLARLY ACTIVITY DURING THEIR TRAVEL. ADDITIONALLY, THE OSTEOPATHIC FOUNDERS FOUNDATION PARTNERS WITH THE OKLAHOMA EDUCATIONAL FOUNDATION FOR OSTEOPATHIC MEDICINE TO SUPPORT THE AWARDS IN THEIR STUDENT/RESIDENT POSTER COMPETITION EACH YEAR AND IS THE SPONSOR OF THE AWARDS FOR THE GRADUATE MEDICIAL EDUCATION PATIENT SAFETY AND QUALITY IMPROVEMENT SYMPOSIUM IN OKLAHOMA. MUCH OF OUR WORK IS INVOLVED IN THE CREATION AND PRESENTATION OF CONTINUING MEDICAL EDUCATION FOR PHYSICIANS. THE CME MISSION OF THE OSTEOPATHIC FOUNDERS FOUNDATION IS TO CONTINUALLY IMPROVE PATIENT CARE BY PROVIDING TIMELY, RELEVANT, EVIDENCE-BASED CLINICAL KNOWLEDGE TO OSTEOPATHIC PHYSICIANS AND OTHER HEALTHCARE PROVIDERS. IN 2009 THE FOUNDATION RECEIVED ITS INITIAL ACCREDITATION FROM THE AMERICAN OSTEOPATHIC ASSOCIATION AS A CATEGORY 1-A PROVIDER. SINCE THEN, WE HAVE ESTABLISHED RELATIONSHIPS WITH COMMUNITY PARTNERS ALLOWING US TO PROVIDE ACCESS TO OUR PROGRAMS TO ALL OSTEOPATHIC PHYSICIANS, PHARMACISTS, NURSES, COUNSELORS, AND OTHER HEALTH CARE PROFESSIONALS. DURING 2022, PROFESSIONAL DEVELOPMENT PROGRAMS WERE OFFERED IN A VARIETY OF SPECIALTIES INCLUDING PSYCHIATRY, ADDICTION MEDICINE, PEDIATRICS, EMERGENCY MEDICINE, INTERNAL MEDICINE, ONCOLOGY, NEUROLOGY, AND A WIDE RANGE OF TOPICS IN PRIMARY CARE. THE CHALLENGES OF CONTINUING EDUCATIONAL OPPORTUNITIES DURING THE PANDEMIC LED TO THE CREATION OF THE ECME MONTHLY MEDICINE PROGRAM WHICH HAS EXPANDED OUR REACH TO PHYSICIANS ACROSS THE UNITED STATES. THE FOUNDATION CONTINUES TO OFFER PROGRAMS ADDRESSING OKLAHOMA'S OPIOID CRISIS BY PRESENTING, WITH OUR PARTNERS, MULTIPLE SESSIONS, BOTH IN-PERSON AND VIRTUALLY WHICH ALLOW BOTH DO'S AND MD'S TO MEET THE STATUTORY REQUIREMENT OF EDUCATION ON THE PRESCRIBING OF CONTROLLED DANGEROUS SUBSTANCES. THE FOUNDATION CONTINUES TO MEET ITS MANDATE OF SERVING THE CONTINUUM OF MEDICAL EDUCATION FROM MEDICAL SCHOOL THROUGH MEDICAL PRACTICE. 159169 HEART DISEASE IS THE LEADING CAUSE OF DEATH FOR MEN AND WOMEN OF MOST RACIAL AND ETHNIC GROUPS IN THE UNITED STATES. IN THE US, SOMEONE WILL SUFFER A HEART ATTACK EVERY 40 SECONDS. ANNUALLY, MORE THAN 805,000 PEOPLE IN THIS COUNTY HAVE A HEART ATTACK WITH MORE THAN 600,000 OF THOSE BEING A FIRST HEART ATTACK. THERE ARE AROUND 60,000 CASES OF CARDIAC ARREST IN THE US EVERY YEAR BUT FEWER THAN 1 IN 10 PATIENTS SURVIVE AN OUT-OF-HOSPITAL CARDIAC ARREST. IMMEDIATE INITIATION OF CARDIOPULMONARY RESUSCITATION (CPR) CAN AT LEAST DOUBLE SURVIVAL OF SUCH AN EVENT AND DEFIBRILLATION WITHIN 3 - 5 MINUTES OF COLLAPSE CAN PRODUCE MORE IMPROVED SURVIVAL RATES. CARDIAC ARRESTS THAT OCCUR OUTSIDE THE HOSPITAL ARE SIGNIFICANTLY MORE DEADLY THAN IN-HOSPITAL CARDIAC ARRESTS. A PUBLIC HEALTH ISSUE, IN ADDITION TO OUR SUPPORT OF THE AMERICAN HEART ASSOCIATION, THE FOUNDATION HAS CHOSEN TO ADDRESS THE NEED FOR CONTINUED TRAINING OF HEALTH PROFESSIONALS BY ESTABLISHING AN EMERGENCY CARDIOVASCULAR CARE TRAINING SITE ACCREDITED BY THE AHA. TRAINING IN ADVANCED CARDIOVASCULAR LIFE SUPPORT, PEDIATRIC ADVANCED LIFE SUPPORT AND BASIC LIFE SUPPORT FOR HEALTHCARE PROVIDERS IS OFFERED FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. WE ALSO PLACE AN EMPHASIS ON PROVIDING TRAINING IN THE BASIC SKILLS OF CARDIOPULMONARY RESUSCITATION TO THE LAY COMMUNITY IN HOPES OF IMPROVING SURVIVAL RATES OF OUT-OF-HOSPITAL CARDIAC EVENTS THROUGH OUR FRIENDS AND FAMILY PROGRAM. 646569 true true false false false false false false false true true true false false true false false false false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 13 0 true 5 true false false false false false false false false false false false false X 11 11 false false false false true true true true true false false true true true true true true true false false OK X X SHERRI L WISE 9185517300 8801 S YALE AVE STE 400 TULSA OK 74137 SHERRI L WISE PRESIDENT/CEO 40.0 0.0 X 155597 0 15337 TOM A HAMILTON DO CHAIRMAN 2.0 0.0 X X 0 0 0 A NICOLE FARRAR DO VICE-CHAIRMAN 1.0 0.0 X X 0 0 0 JEFFREY S STROUP PHARMD SECRETARY/TREASURER 1.0 0.0 X X 0 0 0 ANDREW S CRAWFORD DO DIRECTOR 2.0 0.0 X 0 0 0 HENRY G WILL JD DIRECTOR 2.0 0.0 X 0 0 0 J MARTIN BEAL DO DIRECTOR 1.0 0.0 X 0 0 0 JACOB K TARABOLOUS DO DIRECTOR 2.0 0.0 X 0 0 0 JEREMY S FULLINGIM DO DIRECTOR 1.0 0.0 X 0 0 0 LAURA ARROWSMITH DO DIRECTOR 1.0 0.0 X 0 0 0 MATTHEW L ELSE DO DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL P CARNEY DO DIRECTOR 2.0 0.0 X 0 0 0 155597 0 15337 1 false true false 0 2425 202332 204757 Tuition and Fees 611420 27420 27420 Other Income 900099 33 33 Income from Affiliated Org 900099 7750 7750 35203 529215 529215 0 0 0 0 0 8148137 7473514 674623 674623 674623 0 9800 -9800 -9800 0 0 0 0 0 0 0 1433998 35203 1194038 109920 109920 137907 137907 0 0 170935 126334 32629 11972 0 78332 57894 14952 5486 78 58 15 5 14972 11065 2858 1049 19521 14428 3726 1367 0 0 32628 24115 6228 2285 0 0 147521 147521 0 686 507 131 48 17789 13147 3396 1246 1652 1221 315 116 0 74872 55336 14292 5244 12936 9561 2469 906 0 0 0 0 3474 2568 663 243 6851 5063 1308 480 OUTSIDE SERVICES 27521 20340 5253 1928 SUPPLIES 9272 6853 1770 649 REPAIRS & MAINTENANCE 8884 6566 1696 622 SCHOLARSHIP & AWARDS 5957 4403 1137 417 53152 39283 10146 3723 934860 646569 250505 37786 91559 13927 283172 154183 0 0 232 232 0 0 0 0 0 0 650 715 23667 22653 294257 279446 635 14811 21541312 18518674 2866982 2511926 0 0 0 0 0 286042 24808209 21523163 233631 246792 83000 31000 8750 0 0 0 0 0 0 0 0 0 0 0 275626 520803 601007 798595 X 20997419 17953044 3209783 2771524 24207202 20724568 24808209 21523163 X 499138 -3981133 -639 X true X false true false X 352015 352300 278931 457363 204757 1645366 0 0 352015 352300 278931 457363 204757 1645366 109236 1536130 524512 405075 366106 719311 529215 2544219 0 0 4189585 333525 0.36665 0.39014 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5286553 -654268 86432 4545853 4538240 913269 164956 5286553 4039587 590606 91953 4538240 3597110 616115 173638 4039587 4044577 -321629 125838 3597110 0.43000 0.21000 0.36000 false false 37057 37057 257200 242389 14811 14811 INVESTMENTS - OTHER SECURITIES 2511926 F 2511926 0 Deferred Compensation 209507 Other Liabilities 21022 LEASE LIABILITY 290274 520803 SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF FOUR INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE GOVERNING BODY TO FUNCTION AS ENDOWMENTS. THE FOUNDATION'S PERMANENT ENDOWMENT FUND CONSISTS OF ONE FUND, ESTABLISHED FOR THE SUPPORT AND FURTHERANCE OF MEDICAL EDUCATION. true HEALTH OUTREACH PREVENTION EDUCATION 3354 E 51ST ST TULSA OK 741353512 731537952 501(C)(3) 7400 FOOD SUPPLIES & DIVAS OKLAHOMA STATE UNIVERSITY FOUNDATION 400 S MONROE ST STILLWATER OK 74074 736097060 501(C)(3) 61000 MULTIPLE PURPOSES/ACADEMIC SUPPORT 2 MEDICAL SCHOOL SCHOLARSHIPS 11 36850 SUPPORT OF POST-GRADUATE DIDACTICS 212 37836 FMV TEXTBOOKS EDUCATIONAL TRAVEL STIPEND 10 13847 EDUCATIONAL SUPPORT OF MEDICAL RESIDENCY PROGRAMS 87 49374 FMV EDUCATIONAL RESOURCE SCHEDULE I, PART I, LINE 2 THE FOUNDATION REQUIRES THAT GRANTS OF $5,000 OR MORE BE MADE SUBJECT TO A WRITTEN AGREEMENT. THE AGREEMENT SPECIFIES THE AGREED UPON PURPOSE OF THE GRANT AND OTHER REQUIREMENTS OF THE GRANTEE. THE EXPENDITURE AGREEMENT REQUIRES THAT ALL FUNDS MUST BE UTILIZED FOR THE SPECIFIED PURPOSE WITHIN 15 MONTHS OR RETURNED TO THE FOUNDATION. THE AGREEMENT ALSO REQUIRES THAT THE GRANTEE WILL FURNISH TO THE FOUNDATION A COMPLETE REPORT ON THE MANNER IN WHICH THE FUNDS WERE EXPENDED WITHIN TWELVE MONTHS OF THE DATE OF THE AGREEMENT AND THE RECORDS OF ALL EXPENDITURES UNDER THE GRANT MUST BE RETAINED AND MADE AVAILABLE FOR AT LEAST FOUR YEARS. THE FOUNDATION'S EXPENDITURE AGREEMENT SPECIFICALLY PROHIBITS ANY OF ITS GRANT FUNDS FROM BEING USED TO INFLUENCE LEGISLATION OR ANY PUBLIC ELECTION AND DENIES ANY TRANSFER OF GRANT FUNDS TO ANOTHER ORGANIZATION. X X X false true false false false false false false false SHERRI L WISE PRESIDENT/CEO 155597 0 0 4650 10687 170934 0 Schedule J, Part I, Question 4b DURING 2022 THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN: Sherri Wise, CEO No payments were made during 2022. FORM 990, PART VI, LINE 1A DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT IN THE EVENT AN ACTION IS REQUIRED DURING INTERVALS BETWEEN SCHEDULED BOARD MEETINGS. THE EXECUTIVE COMMITTEE IS REQUIRED TO REPORT ITS ACTIONS TO THE BOARD OF DIRECTORS AT ITS REGULAR MEETING. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS: MEMBERSHIP IN THE CORPORATION IS GRANTED TO ANY PERSON WHO IS AN OSTEOPATHIC PHYSICIAN AND WHO MAKES AN ANNUAL FINANCIAL CONTRIBUTION TO THE FOUNDATION, OR WHO MAKES A ONE-TIME CONTRIBUTION OF AT LEAST $250. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY: THE CHAIRMAN OF THE BOARD WILL ANNUALLY APPOINT A NOMINATING COMMITTEE COMPOSED OF 3 MEMBERS OF THE ORGANIZATION WHO ARE CURRENTLY SERVING ON THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE, NOT LESS THAN 90 DAYS PRIOR TO THE ORGANIZATION'S FISCAL YEAR-END, SHALL NOMINATE ONE CANDIDATE TO FILL THE POSITION OF EACH DIRECTOR WHOSE TERM IS EXPIRING. THE NOMINATIONS ARE ANNOUNCED TO ALL MEMBERS OF THE ORGANIZATION 60 DAYS PRIOR TO YEAR-END. A FORM IS MADE AVAILABLE AT THE PRINCIPAL OFFICE OF THE ORGANIZATION FOR WRITE-IN NOMINATIONS. WRITE-IN NOMINATIONS REQUIRE THE AFFIRMATION OF THREE MEMBERS OF THE ORGANIZATION IN ORDER TO BE PLACED ON THE BALLOT. BALLOTS ARE REQUIRED TO BE MAILED TO ALL MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS: THE AMENDED AND RESTATED BYLAWS OF THE ORGANIZATION RESERVE THE POWER TO AMEND THE BYLAWS TO THE MEMBERSHIP OF THE ORGANIZATION. THE PROCEDURE REQUIRED TO AMEND THE BYLAWS BEGINS WITH THE INITIATION OF THE PROPOSED AMENDMENT BY THE BOARD OF DIRECTORS. AT THE NEXT MEETING OF THE BOARD OF DIRECTORS, SUBSEQUENT TO THE MEETING AT WHICH THE PROPOSED AMENDMENTS WERE PRESENTED, SUCH AMENDMENTS MUST RECEIVE THE AFFIRMATIVE VOTE OF THE MAJORITY OF DIRECTORS IN ORDER TO ADVANCE. IF APPROVED BY THE BOARD OF DIRECTORS, THE PROPOSED AMENDMENTS SHALL BE MAILED TO THE MEMBERS OF THE ORGANIZATION AT LEAST 30 DAYS PRIOR TO THE DATE ESTABLISHED FOR THE BALLOT ON WHICH THEY ARE TO BE CONSIDERED FOR ADOPTION. TO BE EFFECTIVE, AMENDMENTS MUST RECEIVE THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE MEMBERS REPRESENTED BY ABSENTEE BALLOT OR AT A MEETING OF THE ORGANIZATION AT WHICH A DULY QUALIFIED QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: FOLLOWING REVIEW BY THE FOUNDATION'S CEO, THE COMPLETED 990 IS TRANSMITTED ELECTRONICALLY TO THE FOUNDATION'S BOARD OF DIRECTORS. THE CEO AND FOUNDATION'S INDEPENDENT ACCOUNTANTS MAKE THEMSELVES AVAILABLE TO ANSWER ANY QUESTIONS FROM MEMBERS OF THE BOARD. AFTER ALL QUESTIONS ARE RESOLVED, THE RETURN IS AUTHORIZED FOR FILING BY THE CEO. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SERVES TO ASSIST DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE A PROCEDURE WHICH WILL ALLOW A TRANSACTION WHICH IS IN THE BEST INTEREST OF THE CORPORATION TO BE BINDING EVEN THOUGH A DIRECTOR, OFFICER, OR EMPLOYEE MAY HAVE A CONFLICT OF INTEREST IN RESPECT TO THAT TRANSACTION. THE POLICY IS DISTRIBUTED ANNUALLY AT THE FIRST MEETING OF THE BOARD OF DIRECTORS FOLLOWING THE BEGINNING OF THE ORGANIZATION'S FISCAL YEAR. THE POLICY IS REVIEWED DURING THAT MEETING. EACH PERSON SERVING AS A DIRECTOR, OFFICER OR KEY EMPLOYEE OF THE CORPORATION IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. MATERIALS FOR MEETINGS OF THE BOARD OF DIRECTORS ARE DISTRIBUTED ELECTRONICALLY IN ADVANCE OF THE MEETING, GIVING DIRECTORS, OFFICERS AND KEY EMPLOYEES AN OPPORTUNITY TO IDENTIFY ANY PROPOSED ACTION IN WHICH HE OR SHE MAY HAVE A CONFLICT OF INTEREST. FOLLOWING THE CALL TO ORDER AT EACH MEETING OF THE BOARD OF DIRECTORS AND COMMITTEES, A REQUEST FOR DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST IS MADE. AN ABSENCE OF A DECLARATION OF A CONFLICT OF INTEREST AT THAT TIME DOES NOT PRECLUDE THE LATER ANNOUNCEMENT OF A CONFLICT OF INTEREST WHICH IS DETERMINED BY A DIRECTOR, OFFICER OR KEY EMPLOYEE DURING THE MEETING. PROCESS WHEN A CONFLICT ARISES: PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A CEO AND TOP MANAGEMENT OFFICIAL COMPENSATION REVIEW: THE MOST RECENT COMPENSATION REVIEW OF THE FOUNDATION'S CEO WAS COMPLETED IN JANUARY 2023 BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS COMPOSED OF MEMBERS OF THE EXECUTIVE COMMITTEE PLUS ADDITIONAL MEMBERS OF THE BOARD OF DIRECTORS WHO ARE INVITED BY THE CHAIRMAN DUE TO SPECIALIZED KNOWLEDGE. ALL MEMBERS OF THE COMPENSATION COMMITTEE ARE INDEPENDENT MEMBERS OF THE GOVERNING BODY. THE COMMITTEE DETERMINES, BASED ON BUDGETARY CONSIDERATIONS, WHETHER AN ADJUSTMENT IN COMPENSATION WILL BE CONSIDERED FOR THE YEAR. IF THE DECISION IS AFFIRMATIVE, THE COMMITTEE REVIEWS DATA FROM THE COUNCIL ON FOUNDATIONS ANNUAL SALARY SURVEY WHICH COMPILES SALARY AND BENEFIT INFORMATION FROM MORE THAN 800 FOUNDATIONS NATIONWIDE, STRATIFYING IT GEOGRAPHICALLY, BY ASSET SIZE, AND MANY OTHER VARIABLES. THE COMMITTEE COMPARES THE ORGANIZATION'S CURRENT SALARY FOR THE CEO TO THE MEDIAN SALARY OF SIMILARLY LOCATED, LIKE-SIZED FOUNDATIONS AND DISCUSSES WHETHER AN ADJUSTMENT IN COMPENSATION IS WARRANTED. THE DISCUSSION AND SUBSEQUENT DECISION IS DOCUMENTED BY THE CHAIRMAN AND THE CONCLUSIONS OF THE COMMITTEE PRESENTED TO THE CEO IN A FOLLOW-UP MEETING. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION HAS ALWAYS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, REVIEWED FINANCIAL STATEMENTS AND IRS FORM 990 AVAILABLE TO THE PUBLIC. WE HAVE ALLOCATED SPACE FOR THESE DOCUMENTS ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9 OTHER CHANGES TO NET ASSETS: $(639) - Change in beneficial interest in assets held by others CHARITABLE REMAINDER UNITRUST INVESTMENT OK OSTEOPATHIC FOU false false false false false false false false false false false false false false false false false false false false