Ozarks Technical Community College Foundation
- Assets
- $14.3m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MO
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 43-1753974
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.
Form
990
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randell Wallace Chair | OfficerTrustee | 0.5 | $0 |
Doug Neff Vice Chair | OfficerTrustee | 0.5 | $0 |
David Taylor Past Chair | OfficerTrustee | 0.5 | $0 |
Leon Combs Secretary | OfficerTrustee | 0.5 | $0 |
Keith Laferriere Treasurer | OfficerTrustee | 0.5 | $0 |
Amy Bacon Executive Di | Officer | 20 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $427,777 |
| Grants and other assistance to domestic individuals. | $480,768 |
| 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 | $47,701 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,047 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,016,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $179,760 |
| Pledges and grants receivable | $3,540,358 |
| 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 | $10,580,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,300,820 |
| Accounts payable and accrued expenses | $170,046 |
| 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 | $170,046 |
| Net assets without donor restrictions | $2,459,475 |
| Net assets with donor restrictions | $11,671,299 |
| 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 | $14,300,820 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ozarks Technical Community College Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Koch Foundation Inc Evansville, IN PURPOSE: CAPITAL CAMPAIGN | $50,000 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David F And Margaret T Grohne Family Foundation Western Springs, IL | $161,662,019 | $15,904,271 |
The Harry J Lloyd Charitable Trust Overland Park, KS | $0 | $292,469 |
Illinois Assistive Technology Program Springfield, IL | $10,127,419 | $6,900,669 |
Crossroads Fund Chicago, IL | $13,233,891 | $8,800,082 |
Business Technology Career Opportunities Inc Wichita, KS | $9,779,338 | $4,681,972 |
Alan Stone Family Charitable Foundation % Reed Smith LLP - Harry Rosenberg Chicago, IL | $0 | $100,169 |
Peter And Paula Fasseas Foundation Chicago, IL | $50,357,726 | $8,283,085 |
Jefferson City Parks And Recreation Foundation Jefferson City, MO | $842,423 | $291,038 |
Stephenson Family Foundation Schaumburg, IL | $89,371 | $3,480,000 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Dreiseszun Family Foundation Overland Park, KS | $64,188,669 | $5,783,291 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |