Jesse And Harriett Odom Drilling Foundation
- Assets
- $2.0m
- Revenue
- $172.0k
- Investments
- $2.0m
- Employees
- 0
- Location
- Litchfield Park, AZ
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4462681
Organization Overview
Jesse And Harriett Odom Drilling Foundation is located in Litchfield Park, AZ. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Jesse And Harriett Odom Drilling 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 12/2022, Jesse And Harriett Odom Drilling Foundation generated $172.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $183.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Jesse And Harriett Odom Drilling Foundation has awarded 102 individual grants totaling $384,500. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $233 |
| Dividends & Interest | $36,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,385 |
| Capital Gain Net Income | $135,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,652 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,770 |
| Total operating and administrative expenses | $87,470 |
| Contributions, gifts, grants paid | $96,000 |
| Total expenses and disbursements | $183,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,206 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,037,677 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,041,883 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Jesse And Harriett Odom Drilling Foundation has awarded $96,000 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
KAYLEE CASTILLO PURPOSE: TUITION FOR GRAND CANYON UNIVERSITY | $3,000 |
TAYTUM BRITO PURPOSE: TUITION FOR PIMA COMMUNITY COLLEGE | $3,000 |
MIKAYLA LINTZ PURPOSE: TUITION FOR NAU | $3,000 |
JENIFER VELAZQUEZ MONTES PURPOSE: TUITION FOR GRAND CANYON UNIVERSITY | $3,000 |
HAILEY GARZA PURPOSE: TUITION FOR CARNEGIE MELLON UNIVERSITY | $4,000 |
ARIANA FLORES PURPOSE: TUITION FOR PIMA MEDICAL COLLEGE | $4,000 |