Civic Intelligence

Ohio Osteopathic Foundation

990 • Fiscal year 2019 • EIN 23-7263316

May 01, 2018 to Apr 30, 2019 • Filed on Mar 12, 2020

53 West Third AvenueColumbus, OH 43201

(614) 299-2107

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.23x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.98x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

56th percentile

5.3%

Higher net margin than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$135,209

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 35.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

41st percentile

0.5%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-12%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,642,165

Up $8,657 (+0.5%) from 2018

Net Assets

Up

$1,269,330

Up $27,942 (+2.3%) from 2018

Liabilities

Down

$372,835

Down $19,285 (-4.9%) from 2018

Revenue

Down

$381,200

Down $53,062 (-12%) from 2018

Expenses

Down

$361,120

Down $39,345 (-9.8%) from 2018

Net Income

Down

$20,080

Down $13,717 (-41%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,499,475Liabilities 2011: $226,592Net Assets 2011: $1,272,8832011Assets 2012: $1,492,597Liabilities 2012: $199,075Net Assets 2012: $1,293,5222012Assets 2013: $1,513,974Liabilities 2013: $197,595Net Assets 2013: $1,316,3792013Assets 2014: $1,691,177Liabilities 2014: $272,450Net Assets 2014: $1,418,7272014Assets 2015: $1,753,097Liabilities 2015: $286,995Net Assets 2015: $1,466,1022015Assets 2016: $1,588,373Liabilities 2016: $475,220Net Assets 2016: $1,113,1532016Assets 2017: $1,652,914Liabilities 2017: $447,680Net Assets 2017: $1,205,2342017Assets 2018: $1,633,508Liabilities 2018: $392,120Net Assets 2018: $1,241,3882018Assets 2019: $1,642,165Liabilities 2019: $372,835Net Assets 2019: $1,269,3302019Assets 2020: $1,358,460Liabilities 2020: $115,425Net Assets 2020: $1,243,0352020Assets 2021: $1,781,362Liabilities 2021: $191,785Net Assets 2021: $1,589,5772021Assets 2022: $1,705,463Liabilities 2022: $262,337Net Assets 2022: $1,443,1262022Assets 2023: $1,647,911Liabilities 2023: $258,668Net Assets 2023: $1,389,2432023Assets 2024: $1,491,074Liabilities 2024: $8,657Net Assets 2024: $1,482,4172024Assets 2025: $1,547,147Liabilities 2025: $2,175Net Assets 2025: $1,544,9722025

Highlighted filing

2019

Assets$1,642,165
Liabilities$372,835
Net Assets$1,269,330

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $342,0802011Expenses 2012: $319,2822012Expenses 2013: $239,0742013Revenue 2014: $418,405Expenses 2014: $294,837Net Income 2014: $123,5682014Revenue 2015: $402,335Expenses 2015: $329,170Net Income 2015: $73,1652015Revenue 2016: $298,219Expenses 2016: $611,536Net Income 2016: -$313,3172016Revenue 2017: $392,557Expenses 2017: $387,877Net Income 2017: $4,6802017Revenue 2018: $434,262Expenses 2018: $400,465Net Income 2018: $33,7972018Revenue 2019: $381,200Expenses 2019: $361,120Net Income 2019: $20,0802019Revenue 2020: $412,746Expenses 2020: $374,464Net Income 2020: $38,2822020Revenue 2021: $89,771Expenses 2021: $41,010Net Income 2021: $48,7612021Revenue 2022: $331,152Expenses 2022: $273,916Net Income 2022: $57,2362022Revenue 2023: $377,578Expenses 2023: $362,948Net Income 2023: $14,6302023Revenue 2024: $305,001Expenses 2024: $308,766Net Income 2024: -$3,7652024Revenue 2025: $177,012Expenses 2025: $190,266Net Income 2025: -$13,2542025

Highlighted filing

2019

Revenue$381,200
Expenses$361,120
Net Income$20,080
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Mar 12, 2020
Return Version
2018v3.1
Gross Receipts
$628,968
Mission and Program Overview

Mission

To receive and administer funds exclusively for scientific, educational, and charitable purposes; to support education and research in ohio through scholarships & grants to osteopathic colleges and institutions; to promote the osteopathic profession through public education programs.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,113,527$996,067▼ $117,460
Cash and Non-Interest-Bearing Accounts$348,092$368,984▲ $20,892
Investments Other Securities$124,884$241,976▲ $117,092
Prepaid Expenses and Deferred Charges$9,622$24,336▲ $14,714
Savings and Temporary Cash Investments$18,521$0▼ $18,521
Land, Buildings, and Equipment, Net$13,044$6,377▼ $6,667
Accounts Receivable$5,818$4,425▼ $1,393
Total Assets$1,633,508$1,642,165▲ $8,657
Liabilities
Deferred Revenue$312,120$332,835▲ $20,715
Grants Payable$80,000$40,000▼ $40,000
Total Liabilities$392,120$372,835▼ $19,285
Net Assets / Fund Balance
Permanently Rstr Net Assets$825,851$835,851▲ $10,000
Temporarily Rstr Net Assets$192,124$229,686▲ $37,562
Unrestricted Net Assets$223,413$203,793▼ $19,620
Total Net Assets Fund Balance$1,241,388$1,269,330▲ $27,942
Total Liabilities and Net Assets / Fund Balance$1,633,508$1,642,165▲ $8,657

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,377$60,815$67,192
Other Securities$104,931--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,017,975$10,000▲ $37,562-$1,065,537
2017$982,372$10,000▲ $65,125$39,522$1,017,975
2016$904,406$5,000▲ $72,966-$982,372
2015$1,227,128$3,000▼ $41,016$284,706$904,406
2014$1,185,634$3,760▲ $37,734-$1,227,128
Compensation and Service Providers

Employees

NameTitleOtherTotal
Matt HarneyPresident$135,209$135,209
Revenue and Support

Revenue Composition

Contributions and Grants
$12,360
Program Service Revenue
$315,320
Investment Income
$53,520
Other Revenue
$0
All Other Contributions
$12,185
Change in Net Assets
$20,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,470
Grants and Similar Amounts Paid$5,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$227,529--$227,529
Office Expenses$22,544--$22,544
Fees for Service Investment Mgmnt Fees-$12,147-$12,147
Depreciation Depletion$6,667--$6,667
Grants to Domestic Individuals$5,650--$5,650
Fees for Services Other$200$4,500-$4,700
Other Expenses$2,532--$2,532
Total Functional Expenses$344,473$16,647$0$361,120
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The director of accounting and chief executive officer review the 990 prior to its filing with the irs and make inquiries of the preparer. Subsequently, a copy of the form 990 is emailed to the board members for their review prior to the return being filed. The form is furnished to anyone, upon request, who wishes to review the form 990.

Form 990, Part VI, Section B, Line 12C

The association requires that its officers, trustees, and key employees annually disclose any conflict of interest thereby monitoring compliance.

Form 990, Part VI, Section B, Line 15A

The foundation does not compensate its chief executive officer. Instead his compensation is determined by a related organization which uses all three items in addition to reviewing the form 990s of other organizations. Finally, the ceo has a written employment contract. The organization does not have any employees who qualify as either an officer or key employee. If it did, the same process would be used.

Form 990, Part VI, Section C, Line 18

The organization makes its forms 1023 and 990 available for public inspection by placing them on its website, www.ooanet.org. In addition, the documents are available upon request and via another's website, on www.guidestar.org.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Ohio Osteopathic Foundation
EIN
23-7263316
Phone
6142992107
Address
53 WEST THIRD AVENUE, COLUMBUS, OH 43201

Signing Officer

Name
Matt Harney
Title
President
Phone
6142992107
Signed
2020-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Harney
Formed
1963
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
John Gerlach & Company Llp
Address
37 W BROAD ST STE 800, COLUMBUS, OH 43215
Preparer
Tj Conger CPA
Phone
6142242164
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To receive and administer funds exclusively for scientific, educational, and charitable purposes; to support education and research in ohio through scholarships and grants to osteopathic colleges and institutions; and to promote the osteopathic profession through public education programs.

Financial Statement Notes

PART V, LINE 4:

Nelson j. Musson, do student tuition loan fund: the nelson j. Musson, do student tuition loan program gives first preference to loan applications from osteopathic students who are originally from northwest ohio or plan on attending a residency program in northwest ohio. To be eligible for the loan, the applicant must be a student at an accredited osteopathic college, a resident of ohio, have financial need and maintain a passing grade point average. First priority is given to senior osteopathic medical students, but applications are accepted from all classes based on need. The loan is interest-free during in-school period, and unless a waiver is requested, requires monthly payments of interest only during the internship and full payment after internship with a maximum repayment period of five years. Warren general hospital fund: the warren general hospital fund supports osteopathic medical education, including the osteopathic pre- and post-doctoral education programs at st. Joseph health center in warren, ohio. The gift also funds education initiatives for osteopathic physicians and osteopathic medical students in ohio; research, advancement, promotion, and development of osteopathic medicine; and scholarships, grants-in-aid and other financial assistance to students at osteopathic educational facilities with first priority to students residing in trumbull and mahoning counties. Three members of the warren general hospital board serve on a committee to advise the oof board on proposed grants.

PART X, LINE 2:

The foundation has adopted the provisions of the financial accounting standards board (fasb) accounting standards codification (asc) relating to uncertain tax positions. The foundation does not believe its financial statements include any uncertain tax positions.

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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES; TO SUPPORT EDUCATION AND RESEARCH IN OHIO THROUGH SCHOLARSHIPS & GRANTS TO OSTEOPATHIC COLLEGES AND INSTITUTIONS; TO PROMOTE THE OSTEOPATHIC PROFESSION THROUGH PUBLIC EDUCATION PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt01269330
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1255
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc1PRIZES & AWARDS
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IRS990/OtherExpensesGrp/ProgramServicesAmt13000
IRS990/OtherExpensesGrp/ProgramServicesAmt22532
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IRS990/OtherExpensesGrp/TotalAmt13000
IRS990/OtherExpensesGrp/TotalAmt22532
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0825851
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0835851
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09622
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024336
IRS990/PrincipalOfficerNm0MATT HARNEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0SYMPOSIUM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0315320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0315320
IRS990/ProgSrvcAccomActy2Grp/Desc0TO SUPPORT EDUCATION AND RESEARCH IN OHIO THROUGH SCHOLARSHIPS & GRANTS TO OSTEOPATHIC COLLEGES AND INSTITUTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05650
IRS990/ProgSrvcAccomActy2Grp/GrantAmt05650
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IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0315320
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018521
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt068471
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0OHIO OSTEOPATHIC ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt068471
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01065537
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt037562
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0982372
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01017975
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt065125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt039522
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0904406
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0982372
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072966
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01227128
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0904406
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41016
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0284706
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01185634
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt03760
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01227128
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt037734
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt06377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060815
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067192
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0137045
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1104931
IRS990ScheduleD/OtherSecuritiesGrp/Desc0THE BOND FUND OF AMERICA
IRS990ScheduleD/OtherSecuritiesGrp/Desc1TRANSAMERICA SHORT-TERM BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.78440
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NELSON J. MUSSON, DO STUDENT TUITION LOAN FUND: THE NELSON J. MUSSON, DO STUDENT TUITION LOAN PROGRAM GIVES FIRST PREFERENCE TO LOAN APPLICATIONS FROM OSTEOPATHIC STUDENTS WHO ARE ORIGINALLY FROM NORTHWEST OHIO OR PLAN ON ATTENDING A RESIDENCY PROGRAM IN NORTHWEST OHIO. TO BE ELIGIBLE FOR THE LOAN, THE APPLICANT MUST BE A STUDENT AT AN ACCREDITED OSTEOPATHIC COLLEGE, A RESIDENT OF OHIO, HAVE FINANCIAL NEED AND MAINTAIN A PASSING GRADE POINT AVERAGE. FIRST PRIORITY IS GIVEN TO SENIOR OSTEOPATHIC MEDICAL STUDENTS, BUT APPLICATIONS ARE ACCEPTED FROM ALL CLASSES BASED ON NEED. THE LOAN IS INTEREST-FREE DURING IN-SCHOOL PERIOD, AND UNLESS A WAIVER IS REQUESTED, REQUIRES MONTHLY PAYMENTS OF INTEREST ONLY DURING THE INTERNSHIP AND FULL PAYMENT AFTER INTERNSHIP WITH A MAXIMUM REPAYMENT PERIOD OF FIVE YEARS. WARREN GENERAL HOSPITAL FUND: THE WARREN GENERAL HOSPITAL FUND SUPPORTS OSTEOPATHIC MEDICAL EDUCATION, INCLUDING THE OSTEOPATHIC PRE- AND POST-DOCTORAL EDUCATION PROGRAMS AT ST. JOSEPH HEALTH CENTER IN WARREN, OHIO. THE GIFT ALSO FUNDS EDUCATION INITIATIVES FOR OSTEOPATHIC PHYSICIANS AND OSTEOPATHIC MEDICAL STUDENTS IN OHIO; RESEARCH, ADVANCEMENT, PROMOTION, AND DEVELOPMENT OF OSTEOPATHIC MEDICINE; AND SCHOLARSHIPS, GRANTS-IN-AID AND OTHER FINANCIAL ASSISTANCE TO STUDENTS AT OSTEOPATHIC EDUCATIONAL FACILITIES WITH FIRST PRIORITY TO STUDENTS RESIDING IN TRUMBULL AND MAHONING COUNTIES. THREE MEMBERS OF THE WARREN GENERAL HOSPITAL BOARD SERVE ON A COMMITTEE TO ADVISE THE OOF BOARD ON PROPOSED GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) RELATING TO UNCERTAIN TAX POSITIONS. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.21560
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06377
IRS990ScheduleD/TotalBookValueSecuritiesAmt0241976
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05650
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPROVED GRANTS ARE MONITORED BY THE FOUNDATION TO INSURE THE FUNDS ARE BEING USED AS STATED. GRANTEES HAVE BEEN RESTRICTED TO ST. JOSEPH HEALTH CENTER'S PATIENT SIMULATION LAB IN WARREN AND THE OHIO UNIVERSITY HERITAGE COLLEGE OF OSTEOPATHIC MEDICINE IN ATHENS. NELSON J. MUSSON, DO, LOAN RECIPIENTS ARE REQUIRED TO SIGN PROMISSORY NOTES AND ARE GIVEN PAYMENT BOOKS WHEN THE LOAN IS DUE. THE HEALTH POLICY FELLOWSHIP GRANT REQUIRES A SIGNED AGREEMENT DEMONSTRATING ACCEPTANCE INTO THE HEALTH POLICY FELLOWSHIP PROGRAM SPONSORED BY THE OHIO UNIVERSITY COLLEGE OF OSTEOPATHIC MEDICINE AND OTHER OSTEOPATHIC INSTITUTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO RECEIVE AND ADMINISTER FUNDS EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES; TO SUPPORT EDUCATION AND RESEARCH IN OHIO THROUGH SCHOLARSHIPS AND GRANTS TO OSTEOPATHIC COLLEGES AND INSTITUTIONS; AND TO PROMOTE THE OSTEOPATHIC PROFESSION THROUGH PUBLIC EDUCATION PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTOR OF ACCOUNTING AND CHIEF EXECUTIVE OFFICER REVIEW THE 990 PRIOR TO ITS FILING WITH THE IRS AND MAKE INQUIRIES OF THE PREPARER. SUBSEQUENTLY, A COPY OF THE FORM 990 IS EMAILED TO THE BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE RETURN BEING FILED. THE FORM IS FURNISHED TO ANYONE, UPON REQUEST, WHO WISHES TO REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION REQUIRES THAT ITS OFFICERS, TRUSTEES, AND KEY EMPLOYEES ANNUALLY DISCLOSE ANY CONFLICT OF INTEREST THEREBY MONITORING COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT COMPENSATE ITS CHIEF EXECUTIVE OFFICER. INSTEAD HIS COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION WHICH USES ALL THREE ITEMS IN ADDITION TO REVIEWING THE FORM 990S OF OTHER ORGANIZATIONS. FINALLY, THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES WHO QUALIFY AS EITHER AN OFFICER OR KEY EMPLOYEE. IF IT DID, THE SAME PROCESS WOULD BE USED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION BY PLACING THEM ON ITS WEBSITE, WWW.OOANET.ORG. IN ADDITION, THE DOCUMENTS ARE AVAILABLE UPON REQUEST AND VIA ANOTHER'S WEBSITE, ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.54$0.18$0.19$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.49$0.01$1.48$0.31$0.31$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.26$1.39$0.38$0.36$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.26$1.44$0.33$0.27$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.19$1.59$0.09$0.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.12$1.24$0.41$0.37$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.64$0.37$1.27$0.38$0.36$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.39$1.24$0.43$0.40$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.45$1.21$0.39$0.39$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.59$0.48$1.11$0.30$0.61$0.31
2015Detailed filing. Detailed filing data is available for this year.$1.75$0.29$1.47$0.40$0.33$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.27$1.42$0.42$0.29$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.20$1.32$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.20$1.29$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.23$1.27$0.34