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 development@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 https://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 2021
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 Genes and Human Disease 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 395
Number of Part-time Staff 51
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 Yes
Communication Plan Yes
Strategic Plan Under Development
Management Succession Plan Under Development
Organization Policies and Procedures Yes
Board Chair
Name Len Cason J.D.
Company Affiliation Oklahoma City
Term Nov 2001 to Nov 2020
Board of Directors
List Current as of July 01, 2019
Board of Directors List
NameAffiliationStatus
Leigh Ann Albers
The Honorable Bill AnoatubbyVoting
Sharon BellVoting
Bruce BenbrookVoting
Lance BenhamVoting
Elizabeth BlankenshipNonVoting
Jil BoghetichVoting
Barbara BraughtVoting
Randy BrownVoting
Ellen BurgessVoting
Michael CarolinaVoting
Michael CarrollVoting
Len CasonVoting
Michael CawleyRetiredVoting
Hiram ChamplinVoting
Mark CollinsVoting
Ramsey DrakeVoting
Walt DuncanVoting
William DurrettNonVoting
The Honorable Claire EaganVoting
Carl EdwardsVoting
Christy EverestVoting
Tricia Everest
Ann FeltonVoting
Ken FergesonVoting
Malinda FischerVoting
Mark FunkeVoting
Gerald GambleVoting
John GriffinVoting
Virginia GroendykeVoting
Jacqueline HaglundVoting
Boots HallVoting
Burns HargisVoting
Judy HatfieldVoting
William HawleyVoting
Kim HenryVoting
Randy HoganVoting
The Honorable Jerome HolmesVoting
Cliff HudsonVoting
Ronnie K. Irani
Bretton JamesonVoting
Wm. O. JohnstoneVoting
Michael KellyVoting
The Honorable Terence KernVoting
Lou KerrVoting
Harrison LevyVoting
Dan LittleVoting
Bill LoughridgeVoting
Mindy MahaneyVoting
Jack McCartyVoting
Frank McPhersonVoting
Jim MorrisVoting
Larry NicholsVoting
Richard ParryVoting
Rebecca PattenVoting
Bond PayneVoting
Gary PiersonVoting
Don PitmanVoting
Barry Pollard
David RainboltVoting
Gene RainboltNonVoting
Dee ReplogleVoting
Patrick RooneyVoting
Bob RossVoting
Michael SamisVoting
John SaxonVoting
Paul SchulteVoting
Phyllis StoughVoting
Ross SwimmerVoting
Becky SwitzerVoting
The Honorable Steven TaylorVoting
Betsy ThorpeVoting
Gregory WaltonVoting
Rainey Williams, Jr.Voting
Sarah YaukVoting
Current Fiscal Year
Fiscal Year July 01, 2019-June 30, 2020
Current Year Budgeted Total Income $63,296,512
Current Year Budgeted Total Expenses $63,651,416
Financial Documents
Audit2018
Audit2017
Audit2016
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 Year201820172016
Total Revenue$103,764,012$93,418,950$57,752,576
Total Expenses$89,209,656$75,113,337$73,143,223
Revenue Less Expenses$14,554,356$18,305,613($15,390,647)
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 Year201820172016
Contributions$23,479,205$19,850,491$18,397,347
Foundation and
Corporation Contributions
------
Government Contributions$34,176,007$38,416,136$36,924,325
Federal------
State------
Local------
Unspecified$34,176,007$38,416,136$36,924,325
Individual Contributions------
$100,857$125,322$127,094
$26,182,198$13,223,794$12,463,012
Investment Income, Net of Losses$6,858,927$4,228,919$3,917,395
Unrealized Gain/Loss$3,925,131$9,713,579($6,570,800)
Membership Dues------
Special Events$587,033$454,081--
Revenue In-Kind------
Other$8,454,654$7,406,628($7,505,797)
Expense Allocation
Fiscal Year201820172016
Program Expense$82,636,108$68,760,655$66,628,970
Administration Expense$4,656,542$4,357,330$4,521,209
Fundraising Expense$1,917,006$1,995,352$1,993,044
Payments to Affiliates------
Total Revenue/Total Expenses1.161.240.79
Program Expense/Total Expenses93%92%91%
Fundraising Expense/Contributed Revenue8%10%11%
Assets and Liabilities
Fiscal Year201820172016
Total Assets$404,739,259$390,204,230$379,327,594
Current Assets$22,703,310$16,045,401$27,134,940
Long-Term Liabilities$37,605,000$40,355,000$48,783,096
Current Liabilities$17,969,718$15,239,045$14,239,926
Total Net Assets$349,164,541$334,610,185$316,304,572
Solvency
Short Term Solvency
Fiscal Year201820172016
Current Ratio: Current Assets/Current Liabilities1.261.051.91
Long Term Solvency
Fiscal Year201820172016
Long-Term Liabilities/Total Assets9%10%13%
Funding Sources
Top Funding Sources
Fiscal Year201820172016
Top Funding Source & Dollar AmountGovt - Unspecified $34,176,007Gov't - Unspecified $38,416,136Gov't - Unspecified $36,924,325
Second Highest Funding Source & Dollar AmountEarned Revenue $26,182,198Contributions $19,850,491Contributions $18,397,347
Third Highest Funding Source & Dollar AmountContributions $23,479,205Earned Revenue $13,223,794Earned Revenue $12,463,012
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? No
Amount Raised To Date as of Jan
Comments on Financials
Foundation Staff Comments
All prior year financial information is from the IRS Form 990s.
 
Note:  FY17 Other Revenue includes changes in fair value of funds held in trust by others as well as pension related changes.  It also includes early extinguishment of debt of $3,880,051 from defeased 2008 bond. 

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 development@omrf.org
Give with Credit Card https://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