Osteopathic Founders Foundation

What it reported doing in 2024

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 c

Financial Efficiency

• Mission deployment rate: 92.3%; rating input score 92
• Program expense ratio: 63.5%; rating input score 63
• Fundraising efficiency: $5.12 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 85.9%; rating input score 86; 36th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 43.3%; rating input score 90; 90th percentile among comparable filings
• Total-asset coverage ratio: 22.96; rating input score 97; 97th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 58; 58th percentile among comparable filings
• Officer compensation ratio: 18.3%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: -0.3% per year; rating input score 0; 17th percentile among comparable filings
• Revenue growth: -2.7% per year; rating input score 0; 8th percentile among comparable filings
• Asset growth: 3% per year; rating input score 100; 30th percentile among comparable filings