Owens Community College Foundation
- Assets
- $7.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 09/2004
- Data as of
- 06/2021
- EIN
- 20-1625785
Organization Overview
Owens Community College Foundation is located in Toledo, OH. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owens Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Owens Community College Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 14.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Owens Community College Foundation has awarded 18 individual grants totaling $2,938,281. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE OWENS COMMUNITY COLLEGE FOUNDATION IS TO DEVELOP AND PROVIDE RESOURCES TO ADVANCE THE COLLEGE'S MISSION OF SERVING OUR STUDENTS AND OUR COMMUNITY. THE OWENS COMMUNITY COLLEGE FOUNDATION RAISES FUNDS FOR STUDENT SCHOLARSHIPS AND TUITION ASSISTANCE AS WELL AS OWENS COMMUNITY COLLEGE ACADEMIC AND STUDENT SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION AWARDED 271 SCHOLARSHIPS TO 222 STUDENTS TO COVER TUITION, FEES, AND OTHER EDUCATIONAL EXPENSES TO ATTEND OWENS COMMUNITY COLLEGE.
THE FOUNDATION PROVIDES FUNDING TO VARIOUS COLLEGE DEPARTMENTS AND PROGRAMS FOR EQUIPMENT, SUPPLIES, ADVERTISING, SPECIAL EVENTS, AND ANY OTHER SUPPORT THAT CANNOT BE SUPPLIED BY THE COLLEGE BUDGET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana H Talmage Chairman | OfficerTrustee | 2 | $0 |
Walter J Celley Secretary | OfficerTrustee | 2 | $0 |
Alan M Sattler Vice Chairman | OfficerTrustee | 2 | $0 |
Louie Rubiola Treasurer | OfficerTrustee | 2 | $0 |
Jennifer L Fehnrich Executive Director | Officer | 40 | $0 |
Sarah Hickernell Interim Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,215 |
| Noncash contributions included in lines 1a–1f | $245,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,156,270 |
| Total Program Service Revenue | $0 |
| Investment income | $90,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $238,860 |
| Net Income from Fundraising Events | -$17,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,467,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $819,617 |
| Grants and other assistance to domestic individuals. | $329,563 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,418 |
| Fees for services: Other | $11,654 |
| Advertising and promotion | $4,121 |
| Office expenses | $2,716 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,721 |
| All other expenses | $0 |
| Total functional expenses | $1,218,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $581,182 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,112,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,833,457 |
| Accounts payable and accrued expenses | $3,674 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,674 |
| Net assets without donor restrictions | $1,927,319 |
| Net assets with donor restrictions | $5,902,464 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,833,457 |
Grants Awarded
Over the last fiscal year, Owens Community College Foundation has awarded $819,617 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OWENS STATE COMMUNITY COLLEGE PURPOSE: PROGRAM AND CAPITAL SUPPORT | $819,617 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Owens Community College Foundation has recieved totaling $24,498.
| Awarding Organization | Amount |
|---|---|
I Car Education Foundation Hoffman Estates, IL PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $10,860 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $5,000 |
The O-I Charities Foundation Perrysburg, OH PURPOSE: CHARITABLE SUPPORT | $5,000 |
Marie D Berry Fds H & H-1 T-W Brooklyn, OH PURPOSE: SCHOLARSHIP | $2,500 |
John Q Shunk Association Bucyrus, OH PURPOSE: SCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Endowment Analysis
| Beg. Balance | $3,420,332 |
| Earnings | $1,055,800 |
| Admin Expense | $25,521 |
| Net Contributions | $351,414 |
| Other Expense | $31,425 |
| Grants | $128,885 |
| Ending Balance | $4,641,715 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |
Marshall University Foundation Incorporated Huntington, WV | $365,151,220 | $39,444,191 |
Friends Of Breakthrough Schools Cleveland, OH | $75,617,435 | $14,315,646 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Ers Strategic Properties Inc Rootstown, OH | $122,229,530 | $11,683,070 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |