Skip to content
Nonprofiteer
← OKLAHOMA BLOOD INSTITUTE FOUNDATION

Form 990 for tax year 2024

Filed by OKLAHOMA BLOOD INSTITUTE FOUNDATION.

Totals

Total revenue
$2,108,171
Total expenses
$1,910,073
Contributions and grants received
$500
Grants paid
$1,872,180
Program service revenue
$0
Investment income
$2,107,671
Other revenue
$0
Total assets, end of year
$4,952,864
Total liabilities, end of year
$250,000
Net assets or fund balances, end of year
$4,702,864
Program services expenses (Part IX)
$1,872,180
Management and general expenses
$37,893
Fundraising expenses
$0
Program service expenses (Part III)
$1,872,180

Program services were 98.0% 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.

  • 1f · All other contributions, gifts and grants

    $500

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $101,179 · excluded $101,179

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,006,492

  • 7c · Gain or loss

    securities $2,006,492 · other assets $0

  • 7d · Net gain or loss

    total $2,006,492 · excluded $2,006,492

  • 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 $1,872,180 · program services $1,872,180

  • 11f · Fees: investment management

    total $37,893 · management and general $37,893

  • 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 $8,971

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · 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

    beginning of year $0 · 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 $6,114,016 · end of year $4,943,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $250,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,840,833 · end of year $2,353,800

  • 28 · Net assets with donor restrictions

    beginning of year $2,281,652 · end of year $2,349,064

Mission and programs · 2024

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 ("OBI").

  • FUNDS ARE TO FUND DONABLE OPERATIONS TO ALLOW THE CORE BUSINESS TO INVEST IN THE CRITICAL AREAS OF DONOR RECRUITMENT AND RETENTION. THIS GRANT WILL SUPPORT FOUR KEY AREAS: OBI PRODUCTION, SOFTWARE PERFORMANCE AND FEATURES, US AND GLOBAL EXPANSION AND BUSINESS ADMINISTRATION INFRASTRUCTURE. THE ANTICIPATED PRODUCTION FROM THE GRANT INCLUDES 4,335 ADDITIONAL DONATIONS FOR OBI AND THREE ADDITIONAL BLOOD CENTER PARTNER AGREEMENTS PRODUCING ADDITIONAL REVENUE FROM SOFTWARE FEES.

    Expenses $1,750,000 · Grants $1,750,000

  • A ONE-YEAR TUITION REIMBURSEMENT FOR OKLAHOMA CITY UNIVERSITY MBA COHORT 0F 18 EMPLOYEES. THIS PROGRAM WILL ASSIST WITH FUTURE LEADERSHIP DEVELOPMENT AND STAFF RETENTION. PARTICIPANTS AGREE TO A THREE-YEAR RETENTION PERIOD.

    Expenses $90,000 · Grants $90,000

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $32,180 · Grants $32,180

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John B Armitage MD

    President & CEO

    Total calculated
    $910,905
    From this org
    $0
    From related orgs
    $830,992
    Other
    $79,913
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,992 related
    Bonus
    $0 + $81,000 related
    Other
    $0 + $6,000 related
    Deferred
    $0 + $49,200 related
    Nontaxable benefits
    $0 + $30,713 related
    Filer's total
    $0 + $910,905 related

  • Randall G Stark

    Treasurer & CFO

    Total calculated
    $360,785
    From this org
    $0
    From related orgs
    $310,664
    Other
    $50,121
    Hours/week
    4 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,164 related
    Bonus
    $0 + $10,500 related
    Other
    $0
    Deferred
    $0 + $24,900 related
    Nontaxable benefits
    $0 + $25,221 related
    Filer's total
    $0 + $360,785 related

  • Richard Boatsman MD

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • David R Carpenter

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Gary L Patzkowsky DO

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION OF THE CEO OF OBI IS DETERMINED and documented BY THE EXECUTIVE COMMITTEE OF THE Independent BOARD OF DIRECTORS OF OBI, A RELATED ORGANIZATION, Comprised 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.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
OKLAHOMA 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. NO PAYMENTS OR DEFERRALS WERE MADE TO THE PLAN IN 2024 FOR THE TWO INDIVIDUALS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 February 2026
IRS schema version
2024v5.1
Source object
202610429349300826

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.