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← OKLAHOMA BLOOD INSTITUTE FOUNDATION

Form 990 for tax year 2023

Filed by OKLAHOMA BLOOD INSTITUTE FOUNDATION.

Totals

Total revenue
$211,405
Total expenses
$1,038,132
Contributions and grants received
$0
Grants paid
$1,000,000
Program service revenue
$0
Investment income
$211,405
Other revenue
$0
Total assets, end of year
$6,122,485
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,122,485
Program services expenses (Part IX)
$1,000,000
Management and general expenses
$38,132
Fundraising expenses
$0
Program service expenses (Part III)
$1,000,000

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $88,464 · excluded $88,464

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $122,941

  • 7c · Gain or loss

    securities $122,941 · other assets $0

  • 7d · Net gain or loss

    total $122,941 · excluded $122,941

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 11f · Fees: investment management

    total $38,132 · management and general $38,132

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,469 · end of year $8,469

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $6,257,516 · end of year $6,114,016

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,299,248 · end of year $3,840,833

  • 28 · Net assets with donor restrictions

    beginning of year $1,966,737 · end of year $2,281,652

Mission and programs · 2023

Mission

OKALHOMA BLOOD INSTITUTE FOUNDATION (FOUNDATION) WAS FORMED EXCLUSIVELY TO SUPPORT MISSION-RELATED ACTIVITIES, SERVICES, AND PROGRAMS OF THE OKLAHOMA BLOOD INSTITUTE (AN OKLAHOMA NONPROFIT CORPORATION).

Activities or mission (Part I)

TO SUPPORT MISSION-RELATED ACTIVITIES, SERVICES, AND PROGRAMS OF THE OKLAHOMA BLOOD INSTITUTE.

  • FUNDS ARE TO FUND BIO-LINKED OPERATIONS TO ALLOW THE CORE BUSINESS TO INVEST IN THE CRITICAL AREAS OF DONOR RECRUITMENT AND RETENTION. BIOLINKED IS AN INNOVATIVE NETWORK, OPTIMIZING CLINICAL RESEARCH BY PARTNERING WITH TRUSTED BLOOD CENTERS, GIVING RESEARCHERS ACCESS TO A ROBUST DATABASE OF DIVERSE PARTICIPANTS. BIOLINKED'S GOAL IS TO CONNECT EXTRAORDINARY PEOPLE WITH THE NATION'S MOST PROMISING RESEARCH.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2023 return.

Listed in Part VII

  • David R Carpenter

    Board Vice Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John B Armitage MD

    President & CEO

    Total calculated
    $965,212
    From this org
    $0
    From related orgs
    $879,278
    Other
    $85,934
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $712,925 related
    Bonus
    $0 + $81,000 related
    Other
    $0 + $85,353 related
    Deferred
    $0 + $56,100 related
    Nontaxable benefits
    $0 + $29,834 related
    Filer's total
    $0 + $965,212 related

  • Randall G Stark

    Chief Financial Officer/TREASURER

    Total calculated
    $405,915
    From this org
    $0
    From related orgs
    $353,108
    Other
    $52,807
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,695 related
    Bonus
    $0 + $2,500 related
    Other
    $0 + $46,913 related
    Deferred
    $0 + $26,718 related
    Nontaxable benefits
    $0 + $26,089 related
    Filer's total
    $0 + $405,915 related

  • Richard Boatsman MD

    Board Chairman

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Gary L Patzkowsky DO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Larry Bookman MD

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $0
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    1 + 4 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
OKALHOMA BLOOD INSTITUTE, A RELATED ORGANIZATION, PROVIDES A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUALS PARTICIPATE IN THIS PLAN: - JOHN ARMITAGE, MD - RANDALL STARK
Schedule J, Part I, Line 3
THE COMPENSATION OF THE CEO OF OBI IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF OBI, A RELATED ORGANIZATION, COMPRISING OF COMMUNITY LEADERS, BUSINESS EXECUTIVES AND PHYSICIANS WITH EXEMPLARY ETHICAL AND FIDUCIARY STANDARDS. CEO COMPENSATION IS BASED ON COMPARATIVE SALARY DATA FROM SIMILAR HEALTH CARE ORGANIZATIONS USING IRS FORM 990 AND INDUSTRY SALARY SURVEYS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • OBI HOLDING COMPANY

    501(c)(3) · HOLDING COMPANY · OK

    Directly controlled by NA

  • OKLAHOMA BLOOD INSTITUTE

    501(c)(3) · BLOOD CENTER · OK · controlled entity

    Directly controlled by OBI HOLDING COMPANY

  • GLOBAL BLOOD FUND

    501(c)(3) · BLOOD SERVICES · OK · controlled entity

    Directly controlled by OBI HOLDING COMPANY

  • OKLAHOMA BLOOD INSTITUTE REAL ESTATE

    501(c)(25) · REAL ESTATE · OK · controlled entity

    Directly controlled by OBI HOLDING COMPANY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE EAST CENTRAL OKLAHOMA BLOOD INSTITUTE

    C Corporation · SUPPORT ORG · OK · controlled entity

    Directly controlled by OBI HOLDING COMPANY

  • SOUTHERN OKLAHOMA BLOOD INSTITUTE

    C Corporation · SUPPORT ORG · OK · controlled entity

    Directly controlled by OBI HOLDING COMPANY

Provenance

Return type
form_990
Tax year
2023
Filed
17 February 2025
IRS schema version
2023v6.0
Source object
202500489349300520

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