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Nonprofiteer
← THE OAK CLINIC

Form 990 for tax year 2024

Filed by THE OAK CLINIC.

Totals

Total revenue
$62,213,011
Total expenses
$54,980,193
Contributions and grants received
$407,742
Grants paid
$0
Program service revenue
$60,315,504
Investment income
$1,444,838
Other revenue
$44,927
Total assets, end of year
$43,396,007
Total liabilities, end of year
$9,405,557
Net assets or fund balances, end of year
$33,990,450
Program services expenses (Part IX)
$54,404,640
Management and general expenses
$575,553
Fundraising expenses
$0
Program service expenses (Part III)
$54,404,640

Program services were 99.0% 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

    $407,742

  • 2a · Program service revenue: INFUSION INCOME

    total $55,826,071 · related or exempt $55,826,071

  • 2b · Program service revenue: PHARMACY INCOME

    total $4,489,433 · related or exempt $4,489,433

  • 3 · Investment income

    total $1,166,271 · excluded $1,166,271

  • 7a · Gross sales of assets other than inventory

    securities $332,380

  • 7b · Less cost or other basis and sales expenses

    securities $37,710 · other assets $16,103

  • 7c · Gain or loss

    securities $294,670 · other assets -$16,103

  • 7d · Net gain or loss

    total $278,567 · related or exempt -$16,103 · excluded $294,670

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $44,927 · related or exempt $44,927

  • 11e · Other revenue, total

    $44,927

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,628,315 · program services $1,349,511 · management and general $278,804

  • 7 · Other salaries and wages

    total $468,581 · program services $468,581

  • 8 · Pension plan contributions

    total $642,342 · program services $600,521 · management and general $41,821

  • 9 · Other employee benefits

    total $812,445 · program services $779,947 · management and general $32,498

  • 10 · Payroll taxes

    total $1,329,878 · program services $1,297,264 · management and general $32,614

  • 11a · Fees: management

    total $172,182 · program services $172,182

  • 11b · Fees: legal

    total $3,014 · management and general $3,014

  • 11c · Fees: accounting

    total $11,157 · program services $11,157

  • 11g · Fees: other

    total $536,282 · program services $536,282

  • 12 · Advertising and promotion

    total $3,000 · program services $3,000

  • 13 · Office expenses

    total $167,299 · program services $74,759 · management and general $92,540

  • 16 · Occupancy

    total $82,167 · program services $82,167

  • 17 · Travel

    total $41,050 · program services $30,373 · management and general $10,677

  • 20 · Interest

    total $10,652 · program services $10,652

  • 22 · Depreciation, depletion and amortization

    total $136,224 · program services $136,224

  • 23 · Insurance

    total $83,585 · management and general $83,585

  • 24a · Other expenses: MEDICAL SUPPLIES & LAB

    total $45,324,472 · program services $45,324,472

  • 24b · Other expenses: PHARMACY EXPENSE

    total $3,390,430 · program services $3,390,430

  • 24c · Other expenses: BAD DEBTS

    total $117,862 · program services $117,862

  • 24d · Other expenses: AUTO

    total $12,559 · program services $12,559

  • 24e · All other expenses

    total $6,697 · program services $6,697

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,661,928 · end of year $1,046,727

  • 2 · Savings and temporary cash investments

    end of year $10,097,858

  • 4 · Accounts receivable

    beginning of year $3,342,873 · end of year $9,800,293

  • 8 · Inventories for sale or use

    beginning of year $39,187 · end of year $53,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,360 · end of year $21,360

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

    $1,675,755

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

    $1,237,926

  • 10c · Land, buildings and equipment, net

    beginning of year $401,314 · end of year $437,829

  • 11 · Investments: publicly traded securities

    beginning of year $17,976,743 · end of year $14,158,296

  • 12 · Investments: other securities

    end of year $7,061,788

  • 15 · Other assets

    beginning of year $817,484 · end of year $718,243

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,923,955 · end of year $8,787,047

  • 25 · Other liabilities

    beginning of year $723,519 · end of year $618,510

  • 27 · Net assets without donor restrictions

    beginning of year $6,479,306 · end of year $12,618,865

  • 28 · Net assets with donor restrictions

    beginning of year $18,134,109 · end of year $21,371,585

Mission and programs · 2024

Mission

THE ORGANIZATION PROVIDES COMPREHENSIVE MEDICAL SERVICES FOR MULTIPLE SCLEROSIS PATIENTS, PROMOTES RESEARCH FOR TREATMENTS AND CURES FOR MULTIPLE SCLEROSIS, AND EDUCATES INDIVIDUALS WITH MULTIPLE SCLEROSIS AND THE PUBLIC ABOUT MULTIPLE SCLEROSIS.

  • PROVIDED COMPREHENSIVE MEDICAL SERVICES FOR 2000 MULTIPLE SCLEROSIS PATIENTS.

    Expenses $54,404,640 · Revenue $60,344,328

As filed on the 2024 return.

Listed in Part VII

  • James Oelschlager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Vanita Oelschlager

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert Briggs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Sheila Tarr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Timothy Carrabine

    CLINIC DIRECTOR, BOARD PRESIDENT

    Total calculated
    $472,835
    From this org
    $421,085
    From related orgs
    $0
    Other
    $51,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $421,085
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,750
    Filer's total
    $472,835
  • Patricia Jones

    CHIEF OPERATING OFFICER, BOARD MEMBER

    Total calculated
    $320,854
    From this org
    $278,804
    From related orgs
    $0
    Other
    $42,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,804
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $42,050
    Filer's total
    $320,854
  • Christopher Sheppard MD

    MEDICAL DIRECTOR

    Total calculated
    $471,956
    From this org
    $420,206
    From related orgs
    $0
    Other
    $51,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,206
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,750
    Filer's total
    $471,956
  • Jenna Brunn MD

    MD

    Total calculated
    $140,875
    From this org
    $122,500
    From related orgs
    $0
    Other
    $18,375
    Hours/week
    40
  • Lauren Junk Aprn

    APRN

    Total calculated
    $169,238
    From this org
    $147,089
    From related orgs
    $0
    Other
    $22,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,089
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,149
    Filer's total
    $169,238
  • Carla Pham Aprn

    APRN

    Total calculated
    $138,546
    From this org
    $120,389
    From related orgs
    $0
    Other
    $18,157
    Hours/week
    40
  • Catherine Dunn

    CLINICAL RESEARCH COORDINATOR

    Total calculated
    $136,064
    From this org
    $118,242
    From related orgs
    $0
    Other
    $17,822
    Hours/week
    40

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

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
COMPENSATION IS DETERMINED BY THE BOARD BASED ON COMPARABLE COMPENSATION RECEIVED BY SIMILARLY TRAINED MEDICAL PERSONNEL.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349309871

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