2014-11-11T09:03:27-06:00 2013-12-31 BKD LLP 6120 S Yale 1400 Tulsa OK 741364223 990 2013-01-01 730583936 OSTEOPATHIC FOUNDERS FOUNDATION % SHERRI L WISE OSTE 9185517300 8801 SOUTH YALE AVENUE Suite 400 TULSA OK 74137 SHERRI L WISE OFFICER 9185517300 2014-11-10 true Anne M Adams P00887943 9185517300 2013 2015-11-30 17:44:51Z SHERRI L WISE 8801 SOUTH YALE AVENUE TULSA OK 74137 8270865 false X WWW.OSTEOPATHICFOUNDERS.ORG X 1943 OK TO SUPPORT AND PROVIDE OSTEOPATHIC MEDICAL EDUCATION AND TO IMPROVE THE HEALTH AND HEALTHCARE OF NORTHEAST OKLAHOMA COMMUNITIES 11 11 5 11 0 0 236605 393600 54891 60888 555332 920688 42478 -32520 889306 1342656 353037 238373 0 0 270836 337238 0 0 90338 333475 338227 957348 913838 -68042 428818 16667881 18518295 762928 756519 15904953 17761776 X THE MISSION OF 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 139442 60888 As part of its overall mission, the Osteopathic Founders Foundation utilizes a significant portion of its resources on activities related to medical education. Scholarships, which are granted competitively and based on academic achievement, professional ambassadorship, and community engagement, are provided to assist osteopathic medical students with the cost of their tuition, fees, and books. Educational stipends, which are also granted competitively, are available to osteopathic residents enrolled in AOA or ACGME accredited postgraduate training programs, professional level employees of colleges of osteopathic medicine, or to professional level employees of a hospital which sponsors postgraduate training programs which are accredited by the American Osteopathic Association. The Foundation's commitment to medical education reaches to the post-doctoral level through our programs of continuing medical education. 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. That accreditation was renewed in 2013. In 2013, nine qualifying professional development programs were offered in diabetes, internal medicine, ultrasonography, pain management, and health policy and finance which trained over 400 health care professionals. A partnership continued with the University of Oklahoma College of Pharmacy which allows our programs to qualify for continuing education for pharmacists as well as physicians. In response to Oklahoma's crisis of prescription drug abuse, the Foundation presented six additional CME programs in five Oklahoma communities which trained nearly 200 osteopathic physicians in the proper prescribing of controlled dangerous drugs. We are proud to say that our commitment to medical education serves the continuum from medical school through medical practice. 381793 238373 324029 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 a continually struggling economy, particular emphasis is given to the most basic needs of food safety and shelter. Oklahoma's poor ratings for health of our citizens demands that many of our resources be directed to the provision of primary health services. Just as an example, in 2013 the Mental Health Association in Tulsa received $8,000 to support their residential programs. HOPE, an agency which provides counseling, testing, and education on HIV and STI's was able to purchase a specially equipped van to travel to rural testing locations with the $35,000 grant provided by the Foundation. The Tulsa County Medical Society Foundation was supported with a $15,000 grant to assist with their Tulsa Charitable Medical Services program which matches uninsured patients with volunteer physicians willing to donate services. With a $10,000 grant to Planned Parenthood of the Heartland, that agency was able to expand its primary care clinic which serves uninsured and underinsured patients in Tulsa. A renewal grant of $5,000 allowed the Iron Gate to continue its backpack program for children at risk of hunger, a problem exacerbated by increasing unemployment and economic uncertainty; and children of incarcerated parents received after-school mentoring because of a $5,000 grant to New Hope Oklahoma. 172788 About every 25 seconds, an American will suffer a coronary event, and about every minute someone will die from one. Clearly, a public health issues, 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 American Heart Association. 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. The neonatal resuscitation program which is jointly accredited by the AHA and the American Academy of Pediatrics is also part of our suite of training services. Nearly 700 professionals received certification in these disciplines through our site in 2013. Because only 31.4% of out-of-hospital cardiac arrests receive bystander CPR, we also place an emphasis on providing training in the basic skills of cardiopulmonary resuscitation to the lay community through the "Friends and Family" program. Grants of $9,500 were provided to the American Heart Association in support of women's heart health as part of our commitment to the treatment of cardiovascular disease. 694023 true true false false false false false false false true true true false false true false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false true 25 0 true 5 true false false false false false true true 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 SOUTH YALE AVENUE TULSA OK 74137 MICHAEL P CARNEY DO CHAIRMAN 1.0 X X DONALD DUSHAY DO VICE CHAIRMAN 1.0 X X JEFFREY S STROUP PHARM D SECRETARY/TREASURER 1.0 X X JAY WILLIAMSON DO DIRECTOR 1.0 X LARRY MCKENZIE DO DIRECTOR 1.0 X CANDY TING DO DIRECTOR 1.0 X SHELDON BERGER DO DIRECTOR 1.0 X DREW CRAWFORD DO DIRECTOR 1.0 X JAMES BENIEN DIRECTOR 1.0 X KIMBERLIE DULLYE MD DIRECTOR 1.0 X DANIEL G MORRIS DO DIRECTOR 1.0 X SHERRI WISE PRESIDENT/CEO 40.0 X 149791 0 14352 149791 0 14352 1 false true false 0 5725 169745 218130 393600 TUITION AND FEES 611420 60888 60888 60888 356410 356410 0 0 0 0 0 7338581 6774303 564278 564278 564278 84335 169745 153906 -69571 -69571 0 0 INCOME FROM AFFILIATED ORGANIZATION 900099 36845 36845 OTHER INCOME 900099 206 206 37051 1342656 97939 851117 151513 151513 86860 86860 0 0 149791 100999 27881 20911 0 138490 93379 25778 19333 0 30031 20249 5590 4192 18926 12761 3523 2642 0 4521 4069 452 18660 16794 1866 0 0 59316 59316 0 0 0 0 0 72344 60097 7348 4899 15764 11985 3299 480 0 0 0 0 27570 22881 2813 1876 5086 2365 2721 Outside services 31166 28890 1736 540 Intern/Resident Events 6027 6027 Unitrust Distributions 33147 33147 SUPPLIES 12604 9953 2651 52022 32775 19247 913838 694023 129477 90338 355791 33966 97042 71678 13950 5600 4296 388 0 0 0 0 0 0 1451 1451 12891 13840 250054 211274 54547 38780 13949107 15929375 2178806 2423217 0 0 0 0 0 0 16667881 18518295 637088 634039 0 0 0 0 0 0 0 0 0 0 0 0 0 0 125840 122480 762928 756519 X 13920099 15656120 1009324 1124401 975530 981255 15904953 17761776 16667881 18518295 428818 1428005 X true X false true false X 227559 295943 250308 236605 324029 1334444 0 0 227559 295943 250308 236605 324029 1334444 0 1334444 383212 402549 460878 308139 356410 1911188 0 1170077 1653676 210345 97369 97939 3229406 6475038 3226440 0.20609 0.18810 X FORM 990, SCHEDULE A, PART II SEE ATTACHMENT FOR FACTS AND CIRCUMSTANCES TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 975530 5725 981255 970230 5300 975530 965980 4250 970230 962555 3425 965980 957530 5025 962555 1.00000 false false 37057 22234 14823 212997 189040 23957 38780 OTHER SECURITIES 2423217 F 2423217 0 DEFERRED COMPENSATION 100000 OTHER LIABILITIES 22480 122480 Form 990, Schedule D, Part V, Line 4 The Foundation's permanent endowment fund consists of one fund, established for the support and furtherance of medical education. WINTERSET 229655 154170 75485 16205 26539 49983 5150 35362 RES. GRADUATION 24425 15575 8850 19793 874 0 254080 169745 84335 16205 26539 69776 5150 36236 153906 -69571 true MENTAL HEALTH ASSOCIATION 1870 S BOULDER TULSA OK 74119 730657931 501(C)(3) 6000 HOUSING PROGRAM HEALTH OUTREACH PREVENTION EDUCATION 3540 E 31ST STREET TULSA OK 74135 731537952 501(C)(3) 35000 TESTING VAN PARENT CHILD CENTER 1421 S BOSTON AVE TULSA OK 74119 731113167 501(C)(3) 30000 VAN OSU FOUNDATION 400 S MONROE STILLWATER OK 74074 746097060 501(C)(3) 7500 SCHOLARSHIPS TULSA COUNTY MEDICAL FOUNDATION 5315 S LEWIS AVE TULSA OK 74105 731393227 501(C)(3) 15000 MEDICAL SERVICES AMERICAN HEART ASSOCIATION 2227 E SKELLY DR TULSA OK 74105 135613979 501 C (3) 7500 GO RED CAMPAIGN PLANNED PARENTHOOD OF THE HEARTLAND 5780 S PEORIA TULSA OK 74105 420727488 501 C (3) 10000 PRIMARY CARE CLINIC 7 EDUCATIONAL STIPENDS 16 26380 SCHOLARSHIP 4 17000 TEXTBOOKS AND EDUCATIONAL MATERIALS 79 15511 EDUCATION PROGRAMS - RESIDENT 52 20667 EDUCATION PROGRAMS - STUDENT 149 2685 EDUCATIONAL SUPPORT - PHARMACY 2 1155 TECHNOLOGY - PHARMACY 6 3462 SCH 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. X X false false false false false false false false SHERRI WISE PRESIDENT/CEO 138333 0 0 0 11458 0 4300 0 10052 0 164143 0 0 0 FORM 990, PART III, 4d OTHER PROGRAM SERVICES The Foundation annually provides a two-day seminar for senior residents from post-graduate training programs throughout Oklahoma. The seminar, Prep for Practice, provides information to the residents to assist them in beginning their careers as practicing physicians. The Foundation also sponsors a program for second and third year medical students called Strolling Through the Match. This program is designed to assist students in identifying the specialty that they wish to pursue and provide guidance in successfully preparing for the residency match process. Retired osteopathic physicians are given the opportunity to remain connected to the profession through our Retired Physicians group which meets monthly at the Foundation's office. FORM 990 PART VI, LINE 6 THE AMENDED AND RESTATED BYLAWS OF THE ORGANIZATION PROVIDE THAT 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, LINE 7A THE AMENDED AND RESTATED BYLAWS OF THE ORGANIZATION STATE THAT 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, LINE 7B THE AMENDED AND RESTATED BY-LAWS OF THE ORGANIZATION RESERVE THE POWER TO AMEND THE BY-LAWS TO THE MEMBERSHIP OF THE ORGANIZATION. THE PROCEDURE REQUIRED TO AMEND BY-LAWS 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 THE DIRECTORS. 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 AT A METTING OF THE MEMBERS OF THE ORGANIZATION AT WHICH A DULY QUALIFIED QUORUM IS PRESENT. FORM 990, PART VI, LINE 11B THE COMPLETED 990 WILL BE TRANSMITTED ELECTRONICALLY TO THE FOUNDATION'S BOARD OF DIRECTORS. A CONFERENCE CALL WILL BE SCHEDULED TO REVIEW THE DOCUMENT WITH THE CEO AND THE FOUNDATION'S INDEPENDENT ACCOUNTANTS AVAILABLE TO ANSWER QUESTIONS OF THE TRUSTEES. THE DOCUMENT IS REVIEWED IN THE SEQUENCE RECOMMENDED FOR PREPARATION OF THE FORM 990 IN ORDER TO THOROUGHLY DISCLOSE ALL INFORMATION REPORTED ON THIS FORM. FORM 990, PART VI, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTERST 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 COPORATION 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, 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 PROCLUDE THE LATER ANNOUNCEMENT OF A CONFLICT OF INTEREST WHICH IS DETERMINED BY A DIRECTOR, OFFICER OR KEY EMPLOYEE DURING THE MEETING. FORM 990, PART VI, LINE 15A THE COMPENSATION OF THE FOUNDATION'S PRESIDENT/CEO IS DETERMINED 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, LINE 19 THE ORGANIZATION HAS ALWAYS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND REVIEWED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. WE HAVE ALLOCATED SPACE FOR THESE DOCUMENTS ON THE FOUNDATION'S WEBSITE.