2013-11-07T17:04:26-06:00 2012-12-31 BKD LLP 6120 S Yale 1400 Tulsa OK 741364223 990 2012-01-01 730583936 OSTEOPATHIC FOUNDERS FOUNDATION % SHERRI L WISE OSTE 9185517300 8801 SOUTH YALE AVENUE Suite 400 TULSA OK 74137 SHERRI L WISE 9185517300 2013-11-06 true 9185842900 2012 2016-02-24 21:20:13Z SHERRI L WISE 8801 SOUTH YALE AVENUE TULSA OK 74137 4942331 false X WWW.OSTEOPATHICFOUNDERS.ORG X 1943 OK SUPPORT OSTEOPATHIC MEDICAL EDUCATION, TO ENHANCE PUBLIC'S UNDERSTAND- ING OF OSTEOPATHIC MEDICINE, AND TO IMPROVE THE HEALTH OF THE COMMUNITY THROUGH PROJECTS CONSISTENT WITH THE OSTEOPATHIC PHILOSOPHY. 11 11 13 15 0 0 250308 236605 68273 54891 1304630 555332 142072 42478 1765283 889306 270979 353037 0 0 272831 270836 0 0 55110 359552 333475 903362 957348 861921 -68042 15766463 16667881 721642 762928 15044821 15904953 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 134331 86683 54891 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 health care 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 2010. In 2012, six qualifying professional development programs were offered in primary care, emergency medicine, antimicrobial stewardship, rheumatology, ultrasonography and health policy, which trained nearly 200 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. A new partnership was initiated with the Tulsa County Medical Society which provided ACCME credit for allopathic physicians. In response to Oklahoma's crisis of prescription drug abuse, the Foundation presented four CME programs in three eastern Oklahoma communities, which trained 152 osteopathic physicians in the proper prescribing of controlled dangerous drugs. 476661 266354 236605 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, shelter and primary health care. Just as an example, in 2012, Child Abuse Network was awarded a grant of $35,000 to enhance their medical services for children who are victims of abuse. A renewal grant of $25,000 allowed the Community Foodbank of Eastern Oklahoma to continue its backpack program for children at risk of hunger, a problem exacerbated by increasing unemployment and economic uncertainty. The Tulsa Community College Foundation received a $25,000 grant to build a Physical Therapy Teaching Clinic. The clinic, in addition to providing a learning environment for future health care professionals, will provide access to care for those who are uninsured and unable to access physical therapy services. 168317 About every 25 seconds, an American will suffer a coronary event, and about every minute someone will die from one. Clearly, a public health issue, 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 health care providers is offered for physicians and other health care 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. Over 500 professionals received certification in these disciplines through our site in 2012. 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 were provided to the AHA in support of women's heart health as part of our commitment to the treatment of cardiovascular disease. 779309 true true 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 33 0 true 13 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 OK X X SHERRI L WISE 9185517300 8801 SOUTH YALE AVENUE TULSA OK 74137 ANDREW S CRAWFORD DO 1.0 X 0 0 0 JAMES M BENIEN 1.0 X 0 SHELDON C BERGER DO 1.0 X 0 DONALD M DUSHAY DO 1.0 X X 0 KIMBERLIE K DULLYE MD 1.0 X 0 JEFFREY S STROUP PHARM D 3.0 X X 0 ARTHUR G WALLACE JR DO 1.0 X 0 MICHAEL P CARNEY DO 1.0 X X 0 LARRY D MCKENZIE 1.0 X 0 DANIEL G MORRIS DO 1.0 X 0 CANDY N TING DO 1.0 X 0 SHERRI L WISE 50.0 X 137513 12639 137513 0 12639 1 false true false 0 5300 109715 121590 236605 TUITION AND FEES 611420 54891 54891 54891 308139 308139 0 0 0 0 0 4154983 3907790 247193 247193 247193 145235 109715 145235 0 0 0 INCOME FROM AFFILIIATED ORGANIZATION 900099 35711 35711 OTHER INCOME 900099 6767 6767 42478 889306 97369 555332 266354 266354 86683 86683 0 0 137513 97973 25024 14516 0 95295 68506 17498 9291 0 22208 15823 4041 2344 15820 11271 2879 1670 0 0 16788 16788 0 0 65766 65766 0 0 0 0 0 67692 60606 7086 11176 8565 2611 0 0 0 0 28879 25451 3428 4649 2195 2454 Outside services 31609 29123 2486 Intern/Resident Events 22239 22239 Unitrust Distributions 27289 27289 SUPPLIES 12453 12453 44935 6301 38634 957348 779309 122929 55110 57282 355791 96513 97042 21183 13950 2338 4296 0 0 0 0 0 0 2204 1451 13585 12891 238252 183705 81074 54547 13340754 13949107 2151530 2178806 0 0 0 0 0 0 15766463 16667881 600620 637088 0 0 0 0 0 0 0 0 0 0 0 0 0 0 121022 125840 721642 762928 X 12995232 13920099 1079359 1009324 970230 975530 15044821 15904953 15766463 16667881 -68042 928174 X true X false true false X 201750 227559 295943 250308 236605 1212165 0 0 201750 227559 295943 250308 236605 1212165 0 1212165 481454 383212 402549 460878 308139 2036232 0 64350 1170077 1653676 210345 97369 3195817 6444214 3192851 0.18810 0.15957 X SEE ATTACHMENT FOR FACTS AND CIRCUMSTANCES TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 970230 5300 975530 965980 4250 970230 962555 3425 965980 957530 5025 962555 956940 7000 6410 957530 1.00000 false false 37057 14823 22234 201195 168882 32313 54547 0 0 DEFERRED COMPENSATION 100000 OTHER LIABILITIES 25840 125840 1 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 254950 109715 145235 37437 47614 4200 55984 0 254950 109715 145235 37437 47614 4200 55984 145235 true CHILD ABUSE NETWORK 2829 S SHERIDAN TULSA OK 74129 731325326 501(C)(3) 30000 MEDICAL EVAL PROGRAM COMMUNITY FOOD BANK OF EASTERN OKLAHOMA 1304 N KENOSHA TULSA OK 74106 731184980 501(C)(3) 25000 FOOD FOR KIDS PROJECT ELF 4606 E 67TH ST TULSA OK 74136 141936473 501(C)(3) 20000 CLOTHING, SUPPLIES TULSA COMMUNITY COLLEGE 6111 E SKELLY DR TULSA OK 74135 237103807 501(C)(3) 25000 PT CLINIC FOUNDATION FOR OSU MEDICAL CENTER 744 WEST 9TH TULSA OK 74127 453515966 501 C (3) 113000 RENOVATION GME 5 Educational Stipend 15 25811 Scholarship 2 15000 Textbooks and Educational Materials 115 18360 Technology 20 3441 Education Programs - Resident 46 26655 Educational Program - Student 30 341 General Surgery Program 15 4292 1 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 true true X X X false false false false false false false false SHERRI L WISE 130000 0 7513 3900 0 8739 0 150152 0 0 0 1 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. 2 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. 3 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. 4 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 AFFIRMATION 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. 5 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. 6 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. 7 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 MEMEBERS 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 AFFERMATIVE, 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, ADN 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. 8 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.