Ozarks Technical Community College Foundation

Organization Overview

Ozarks Technical Community College Foundation is located in Springfield, MO. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ozarks Technical 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, Ozarks Technical Community College Foundation generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 10.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE OTC FOUNDATION SUPPORTS THE COLLEGE MISSION OF TRANSFORMING LIVES AND STRENGTHENING OUR COMMUNITIES THROUGH SECURING PRIVATE GIFTS, BUILDING PARTNERSHIPS AND ADVOCATING FOR STUDENTS AND THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED SCHOLARSHIPS TO FINANCIALLY ASSIST OTC STUDENTS. AWARDS WERE MADE TO 616 STUDENTS.


PROVIDED STUDENT SUPPORT AND INSTRUCTION


PROVIDED PLANT AND INFRASTRUCTURE UPGRADES


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Board, Officers & Key Employees

Name (title)Compensation
Randell Wallace
Chair
$0
Doug Neff
Vice Chair
$0
David Taylor
Past Chair
$0
Leon Combs
Secretary
$0
Keith Laferriere
Treasurer
$0
Sharon Day
Assistant Tr
$0

Financial Statements

Statement of Revenue
Federated campaigns$15,541
Membership dues$0
Fundraising events$32,819
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,998,471
Noncash contributions included in lines 1a–1f $63,505
Total Revenue from Contributions, Gifts, Grants & Similar$6,046,831
Total Program Service Revenue$0
Investment income $581,927
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$4,551
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,624,207

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ozarks Technical Community College Foundation has recieved totaling $50,000.

Awarding OrganizationAmount
Koch Foundation Inc

Evansville, IN

PURPOSE: CAPITAL CAMPAIGN

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,965,548
Earnings$1,135,093
Admin Expense$28,625
Net Contributions$1,657,775
Grants$21,498
Ending Balance$6,708,293

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