Nonprofit · EIN 73-0583936
OSTEOPATHIC FOUNDERS FOUNDATION
Tax-exempt · TULSA, OK 74137
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,956,766 | $1,110,445 | $846,321 | $25,494,793 | $750,489 | $24,744,304 |
| December 31, 2023 | 990 | $947,879 | $1,347,702 | -$399,823 | $23,340,168 | $804,538 | $22,535,630 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $248,868
- Membership dues
- $1,375
- Program service revenue
- $36,040
- Investment income
- $1,671,858
- Net gain from sales of assets
- $1,006,527
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $216,582
- Compensation of officers, directors and key employees
- $202,849
- Other salaries and wages
- $150,132
- Salaries, compensation and benefits (total)
- $395,594
- Professional fundraising fees
- $0
- Accounting fees
- $34,828
- Occupancy
- $80,372
- Travel
- $14,450
- Depreciation
- $3,951
- Program services (functional)
- $704,653
- Management and general (functional)
- $357,182
- Fundraising (functional)
- $48,610
Balance sheet and other
- Total assets, start of year
- $23,340,168
- Total assets, end of year
- $25,494,793
- Total liabilities, end of year
- $750,489
- Net assets, end of year
- $24,744,304
- Land, buildings and equipment
- $11,210
- Publicly traded securities
- $19,743,415
- Net assets without donor restrictions
- $21,544,965
- Net assets with donor restrictions
- $3,199,339
- Gross receipts
- $1,638,320
- Employees
- 4
- Volunteers
- 15
- Year formed
- 1943
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRI L WISE | PRESIDENT/CEO Officer | 40 | $186,715 | $16,134 |
| A NICOLE FARRAR DO | CHAIRMAN Trustee or director, Officer | 4 | $0 | $0 |
| JACOB K TARABOLOUS DO | VICE-CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TARA B HASENPFLUG DO | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| TREVOR L BRIGHT DO | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW S CRAWFORD DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY G WILL JD | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JEREMY S FULLINGIM DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KIMBERLIE K DULLYE MD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MATTHEW L ELSE DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICAH J DERBY DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL P CARNEY DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHERRI L WISE | PRESIDENT/CEO Officer | 40 | $187,500 | $16,206 |
| A NICOLE FARRAR DO | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| DR JEFFREY S STROUP | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JACOB K TARABOLOUS DO | VICE-CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW S CRAWFORD DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HENRY G WILL JD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEREMY S FULLINGIM DO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLIE K DULLYE MD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW L ELSE DO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICAH J DERBY DO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL P CARNEY DO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TARA B HASENPFLUG DO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8801 S YALE AVE STE 400, TULSA, OK 74137-3539
- In care of
- % SHERRI L WISE
- Principal officer (990 for 2024)
- Sherri Wise, 8801 South Yale Ave Ste 400, Tulsa, OK 741373539
- Signed the 990
- Sherri Wise, PRESIDENT/CEO
- Phone
- (918) 551-7300
- Website
- WWW.OSTEOPATHICFOUNDERS.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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 WERE PROVIDED TO FOOD DISTRIBUTION CHARITIES THROUGHOUT THE GREATER TULSA AREA. A PARTICULARLY VULNERABLE GROUP, INFANTS AND CHILDREN, WERE PROVIDED SPECIALTY INFANT FORMULA THROUGH OUR $10,000 GRANT TO EMERGENCY INFANT SERVICES AND ANOTHER TO SOUTH TULSA COMMUNITY HOUSE. SPECIAL WEEKEND "TAKE HOME" PACKS THROUGH OUR $5000 GRANT SUPPORTING THE FOOD FOR KIDS PROGRAM AT FOOD BANK OF EASTERN OKLAHOMA HELP ALLEVIATE HUNGER WHEN KIDS AREN'T IN SCHOOL. AS TULSA'S SPANISH SPEAKING POPULATION CONTINUES TO GROW, DELIVERING SERVICES TO THEM HAS BECOME CHALLENGING. WE WERE EXCITED TO PROVIDE $10,000 IN FUNDING TO LA COSECHA, A FOOD DISTRIBUTION PROGRAM SPECIFICALLY AIMED AT OUR HISPANIC NEIGHBORS. ANOTHER SPECIAL POPULATION WE WERE PROUD TO SUPPORT IS COLLEGE STUDENTS. WE ALL RECOGNIZE THAT LEARNING IS MORE DIFFICULT WHEN STUDENTS ARE HUNGRY AND MANY COLLEGE STUDENTS CANNOT STRETCH THEIR DOLLARS TO COVER TUITION, FEES, RENT AND FOOD. WE WERE DELIGHTED TO PROVIDE $10,000 TO THE CAMPUS CUPBOARD AT OSU TULSA WHICH SERVES THEIR OWN STUDENTS AS WELL AS OUR MEDICAL STUDENTS FROM OSU CENTER FOR HEALTH SCIENCES. THESE ARE EXAMPLES OF THE NEARLY TWENTY INVESTMENTS MADE THIS YEAR TO ADDRESS THE PROBLEM OF FOOD INSECURITY IN OKLAHOMA WHERE ONE IN FOUR CHILDREN AND ONE IN SIX ADULTS AND SENIORS SUFFER FROM A LACK OF ADEQUATE FOOD AND NUTRITION. WE CONTINUE TO SUPPORT THE OSU CENTER FOR HEALTH SCIENCES WITH FUNDING TO SUPPORT THE SIMULATION CENTER WHICH PROVIDES MEDICAL STUDENTS, RESIDENTS, AND FELLOWS WITH 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.Expenses $380,804 · grants $216,582 · revenue $6,139
- 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.Expenses $181,987
- 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 AT OKLAHOMA STATE UNIVERSITY COLLEGE OF OSTEOPATHIC MEDICINE BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL AMBASSADORSHIP, AND COMMUNITY ENGAGEMENT. OTHER SCHOLARSHIPS ARE GRANTED AT OSU WHICH RECOGNIZE LEADERSHIP ABILITY AS WELL AS MEDICAL RESEARCH ACCOMPLISHMENTS. ALL OF THESE AWARDS ASSIST STUDENTS WITH THE COST OF TUITION, FEES, AND BOOKS. TWO ADDITIONAL SCHOLARSHIPS, ONE RECOGNIZING THE ROLE OF WOMEN IN MEDICINE AND ONE ENCOURAGING CAREERS IN PREVENTATIVE MEDICINE ARE GRANTED WITH THE ASSISTANCE OF THE STUDENT OSTEOPATHIC MEDICAL ASSOCIATION FOUNDATION TO STUDENTS FROM MEDICAL SCHOOLS ACROSS THE COUNTRY. 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 MEDICAL EDUCATION PATIENT SAFETY AND QUALITY IMPROVEMENT SYMPOSIUM IN OKLAHOMA. IN 2023 WE BEGAN A PARTNERSHIP WITH OSU DEPARTMENT OF GRADUATE MEDICAL EDUCATION TO PROVIDE A PROGRAM PREPARING RESIDENTS/FELLOWS IN THEIR FINAL YEAR OF TRAINING TO TRANSITION TO PRACTICE BY INFORMING THEM OF BASICS SUCH AS CONTRACTING, MEDICAL LIABILITY INSURANCE, FINANCIAL MANAGEMENT, WELLNESS, AND MUCH MORE. 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 2023, PROFESSIONAL DEVELOPMENT PROGRAMS WERE OFFERED IN A VARIETY OF SPECIALTIES INCLUDING PSYCHIATRY, ADDICTION MEDICINE, PEDIATRICS, EMERGENCY MEDICINE, INTERNAL MEDICINE, NEUROLOGY, AND A WIDE RANGE OF TOPICS IN PRIMARY CARE. WE ALSO OFFERED THE FIRST OF OUR PROGRAMS MEETING REQUIREMENTS OF THE MATE ACT WHICH IS REQUIRED IN ORDER FOR PHYSICIANS TO RENEW THEIR DEA LICENSE. 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. THESE PROGRAMS HAVE A GROWING AUDIENCE EACH MONTH AS WE ADDRESS TOPICS OF INTEREST ACROSS SPECIALTIES AT NO COST TO THE LEARNERS. 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.Expenses $141,862 · revenue $29,901
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-0583936
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G030)
- Assets (IRS master file)
- $25,494,793
- Income (IRS master file)
- $1,638,320
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,956,766 | $1,110,445 | $25,494,793 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $947,879 | $1,347,702 | $23,340,168 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,433,998 | $934,860 | $21,523,163 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-0583936).
Questions about OSTEOPATHIC FOUNDERS FOUNDATION
- What is the EIN of OSTEOPATHIC FOUNDERS FOUNDATION?
- The employer identification number (EIN) of OSTEOPATHIC FOUNDERS FOUNDATION is 73-0583936.
- Is OSTEOPATHIC FOUNDERS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to OSTEOPATHIC FOUNDERS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OSTEOPATHIC FOUNDERS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OSTEOPATHIC FOUNDERS FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OSTEOPATHIC FOUNDERS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OSTEOPATHIC FOUNDERS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Sherri Wise.
- Who are the officers and directors of OSTEOPATHIC FOUNDERS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $186,715 (SHERRI L WISE, PRESIDENT/CEO).
- How much revenue does OSTEOPATHIC FOUNDERS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,956,766, expenses of $1,110,445 and total assets of $25,494,793 at year end.
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