Oklahoma Medical Research Foundation
825 NE 13th St
Oklahoma City OK 73104
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Oklahoma Medical Research Foundation
OMRF
Mission Statement OMRF was founded with the mission of helping Oklahomans and people everywhere live longer, healthier lives. That mission has remained our organization's compass, guiding our scientists not only to perform groundbreaking scientific research but to research that helps mankind in the battle against human disease. Our goal, quite simply, is to make discoveries that make a difference.
Contact Information
Contact Name Stephen Prescott
Contact email contact@omrf.org
Address 825 NE 13th St
Oklahoma City, OK 73104
Phone (405) 271-7400
Fax 405-271-7199
County Oklahoma County
How to Give
Donate with Credit Card http://www.omrf.org/give
Donate to Endowment http://occf.org/omrf/
Other ways to donate, support or volunteer If you would like to contribute monetarily to the Oklahoma Medical Research Foundation (OMRF), you may mail a check, call our main phone number or give a gift through a stock transaction.
Financial Summary
 
 
Projected Revenue $63,296,512.00
Projected Expenses $63,651,416.00
History and Background
Former Names
NameYear
N/A1946
Year Founded 1946
IRS Ruling Year 1999
State Registration Expiration Jan 2016
Statements
Mission OMRF was founded with the mission of helping Oklahomans and people everywhere live longer, healthier lives. That mission has remained our organization's compass, guiding our scientists not only to perform groundbreaking scientific research but to research that helps mankind in the battle against human disease. Our goal, quite simply, is to make discoveries that make a difference.
Background OMRF was founded in 1946 with the mission of conducting basic biomedical research to help people live longer, healthier lives. Our scientists are dedicated to understanding and curing human disease, and they focus on such critical
research areas as lupus, multiple sclerosis, heart disease, cancer and Alzheimer’s disease.
 
An independent board of directors that consists of approximately 90 of Oklahoma’s most prominent philanthropists, business leaders and public servants governs OMRF. Led by a 15-member executive committee, that board oversees a research institute that counts more than 400 scientists, technicians and support staff and has an annual operating budget in excess of $50 million. President Stephen Prescott, an internationally respected vascular biologist has been responsible for overseeing day-to-day operations since he joined OMRF in 2006.
 
Since OMRF’s inception, our scientists have focused on making laboratory breakthroughs that have a tangible impact on human health.  OMRF scientists also advance the understanding and treatment of human disease by publishing the results of their research in internationally respected publications like The New England Journal of Medicine, Nature, Science and Cell.
 
Among OMRF’s staff is a member of the prestigious National Academy of Sciences, three Pew Scholars and Oklahoma’s only Howard Hughes Medical Institute investigator. Since 1998, OMRF’s research funding levels from the
National Institutes of Health have grown from $7.75 million to more than $30 million, a pace virtually unmatched among independent medical research institutes in the United States.
Unlike most independent research institutes, OMRF enjoys a broad base of community support. OMRF was founded with a statewide, 77-county fund drive, and in the 60-plus years since has received more than 250,000 individual gifts from Oklahomans.
Area Served
Area Served
Geographic Area Served
Oklahoma - Statewide
Scientists at the Oklahoma Medical Research Foundation conduct research on a multitude of diseases, all at the cellular level.  Because our research area is so broad, and many discoveries made in OMRF labs are translated and developed into drugs that save lives, we believe the work done at OMRF serves all of mankind.
Programs
Description Aging & Metabolism Research Program, Arthritis & Immunology Research Program, Division of Genomics & Data Services, Multiple Sclerosis Center of Excellence, Rheumatology Center of Excellence, Cardiovascular Biology Research Program, Cell Cycle and Cancer Biology Research Program, and Functional & Chemical Genomics Research Program.
Strategy
Population Served General/Unspecified
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state. OMRF scientists rank among the top in academic and independent research institutes nationally for receipt of competitive research funds. The foundation is home to Oklahoma's only Howard Hughes Medical Institute investigator and only member of the National Academy of Sciences in the area of biomedical research.
CEO/Executive Director
CEO/Executive Director Stephen Prescott
Start Date May 2006
Email omrf-president@omrf.org
Experience An internationally recognized leader in the studies of the basic mechanisms of human disease, Dr. Stephen Prescott comes to OMRF from the University of Utah, where he was a professor of internal medicine and held the H.A. & Edna Benning Presidential Endowed Chair, founded the Eccles Program in Human and Molecular Biology and Genetics, and served as the executive director of the Huntsman Cancer Institute. At the Huntsman Cancer Institute, which Dr. Prescott led from 1999 through 2005, he raised $180 million in private contributions and secured more than $100 million in government funding. He expanded the institute with the addition of dozens of new researchers and the construction of the Huntsman Cancer Hospital, a 330,000-square-foot comprehensive cancer treatment facility. Under Dr. Prescott's leadership, the institute was designated the official cancer center of Utah by the state legislature. A native of Texas, Dr. Prescott received his undergraduate degree at Texas A&M University and his M.D. degree from the Baylor College of Medicine. He has authored more than 250 scientific articles, served as a senior editor of the influential Journal of Biological Chemistry and is on the board of the Journal of Clinical Investigation. He has also served on medical and scientific advisory committees for the National Institutes of Health and the American Heart Association. He is the founder and CEO of LineaGen, a Utah-based nonprofit biotechnology company, and chaired the Utah Governor's Task Force on Technology Transfer. Among the awards he has received are the Utah Governor's Medal for Science and Technology, the Sol Sherry Prize from the American Heart Association, and the Houssay-Braun-Menendez Medal from the Argentine Association for the Advancement of Science.
Senior Staff
NameTitle
Adam CohenVice President of Public and Legal Affairs
Lisa DayVice President of Government Affairs
Tim HassenVice President and CFO
Rodger McEverVice President of Research
Mike MorganExecutive Vice President and COO
Manu NairVice President of Technology Ventures
Courtney Stevens GreenwoodVice President of Human Resources
Penny VossVice President of Development
Staff
Number of Full-time Staff 387
Number of Part-time Staff 55
Number of Contract Staff 0
Number of Volunteers 0
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Organizational Plans
Fundraising Plan Under Development
Communication Plan Under Development
Strategic Plan Under Development
Management Succession Plan Under Development
Organization Policies and Procedures Under Development
Board Chair
Name Len Cason J.D.
Company Affiliation Oklahoma City
Term Nov 2001 to Nov 2017
Board of Directors
List Current as of July 01, 2017
Board of Directors List
NameAffiliationStatus
Greg Allen Voting
The Honorable Bill Anoatubby Voting
Sharon Bell Voting
Bruce Benbrook Voting
Lance Benham Voting
Elizabeth Blankenship NonVoting
Jil Boghetich Voting
Barbara Braught Voting
Randy Brown Voting
Ellen Burgess Voting
Michael Carolina Voting
Michael Carroll Voting
Len Cason Voting
Michael Cawley RetiredVoting
Hiram Champlin Voting
Elizabeth Coe NonVoting
Mark Collins Voting
Ramsey Drake Voting
Walt Duncan Voting
William Durrett NonVoting
The Honorable Claire Eagan Voting
Carl Edwards Voting
Pat Evans Voting
Christy Everest Voting
Randolph Everest NonVoting
Ann Felton Voting
Ken Fergeson Voting
Malinda Fischer Voting
Mark Funke Voting
Gerald Gamble Voting
John Griffin Voting
Virginia Groendyke Voting
Jacqueline Haglund Voting
Brooks Hall Voting
Burns Hargis Voting
Judy Hatfield Voting
William Hawley Voting
Kim Henry Voting
The Honorable Robert Henry Voting
Randy Hogan Voting
The Honorable Jerome Holmes Voting
Cliff Hudson Voting
Bretton Jameson Voting
Wm. O. Johnstone Voting
Michael Kelly Voting
The Honorable Terence Kern Voting
Lou Kerr Voting
Harrison Levy Voting
Dan Little Voting
Bill Loughridge Voting
Mindy Mahaney Voting
Jack McCarty Voting
Frank McPherson Voting
Jim Morris Voting
Larry Nichols Voting
Richard Parry Voting
Rebecca Patten Voting
Bond Payne Voting
Gary Pierson Voting
Don Pitman Voting
David Rainbolt Voting
Gene Rainbolt NonVoting
Dee Replogle Voting
Patrick Rooney Voting
Bob Ross Voting
Michael Samis Voting
John Saxon Voting
Paul Schulte Voting
Phyllis Stough Voting
Ross Swimmer Voting
Becky Switzer Voting
The Honorable Steven Taylor Voting
Betsy Thorpe Voting
Gregory Walton Voting
Rainey Williams, Jr. Voting
Deane Wymer Voting
Sarah Yauk Voting
Current Fiscal Year
Fiscal Year July 01, 2016-June 30, 2017
Current Year Budgeted Total Income $63,296,512
Current Year Budgeted Total Expenses $63,651,416
Financial Documents
Audit2015
Audit2014
Audit2013
Audit2012
Audit2011
Audit2010
Audit2009
IRS Letter of Determination
Prior Three Years' Financial History
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$64,207,711$93,935,159$76,765,918
Total Expenses$72,447,910$71,560,698$67,482,216
Revenue Less Expenses($8,240,199)$22,374,461$9,283,702
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Contributions$16,058,949$17,455,130$17,476,672
Foundation and
Corporation Contributions
------
Government Contributions$34,633,731$36,958,093$33,805,458
Federal------
State------
Local------
Unspecified$34,633,731$36,958,093$33,805,458
Individual Contributions------
$142,102$142,604$140,725
$7,937,645$7,531,415$4,531,666
Investment Income, Net of Losses$6,056,353$5,949,373$4,942,217
Unrealized Gain/Loss($2,501,179)$24,074,406$14,987,690
Membership Dues------
Special Events$418,148$463,531$268,654
Revenue In-Kind$674,509$959,010$113,056
Other$787,453$401,597$499,780
Expense Allocation
Fiscal Year201520142013
Program Expense$65,875,613$64,896,209$61,912,498
Administration Expense$4,744,067$4,778,720$3,732,937
Fundraising Expense$1,828,230$1,885,769$1,836,781
Payments to Affiliates------
Total Revenue/Total Expenses0.891.311.14
Program Expense/Total Expenses91%91%92%
Fundraising Expense/Contributed Revenue5%5%5%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$392,496,683$401,849,018$379,496,939
Current Assets$6,250,827$7,307,738$6,046,223
Long-Term Liabilities$49,883,269$50,933,440$51,933,612
Current Liabilities$10,918,195$10,980,160$10,002,370
Total Net Assets$331,695,219$339,935,418$317,560,957
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities0.570.670.60
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets13%13%14%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountGovt - Unspecified $34,633,731Govt - Unspecified $36,958,093Govt - Unspecified $33,805,458
Second Highest Funding Source & Dollar AmountContributions $16,058,949Contributions $17,455,130Contributions $17,476,672
Third Highest Funding Source & Dollar AmountEarned Revenue $7,937,645Earned Revenue $7,531,415Realized & Unrealized Gains/(Losses) $14,987,690
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? Yes
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose Construction of a new research tower
Campaign Goal $125,000,000
Amount Raised To Date $86,041,978 as of Jan 2013
Comments on Financials
Foundation Staff Comments
All prior year financial information is from the IRS Form 990s.

Contributions may include foundations and corporations when the breakout was not available.

The financial information presented is obtained from the following sources: IRS Form 990, independent audit reports, financial statements – board approved when available, and supplemental information from the organization. We do not warrant or guarantee the timeliness, errors or inaccuracies. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or interpretation by OCCF staff.

Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.

Address 825 NE 13th St
Oklahoma City, OK 73104
Primary Phone 405 271-7400
Contact Email contact@omrf.org
Give with Credit Card http://www.omrf.org/give
Give to Endowment http://occf.org/omrf/
CEO/Executive Director Stephen Prescott
Board Chair Len Cason
Board Chair Company Affiliation Oklahoma City