Oftc Foundation North Inc
- Assets
- $1.1m
- Revenue
- $737.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sandersville, GA
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 58-2382040
Organization Overview
Oftc Foundation North Inc is located in Sandersville, GA. The organization was established in 1998. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, 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. Oftc Foundation North Inc 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 06/2022, Oftc Foundation North Inc generated $737.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $247.8k during the year ending 06/2022. While expenses have increased by 22.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL INSTITUTE SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL SCHOOL AND STUDENT SUPPORTING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Brown Vice Chair | Officer | $0 | |
Kathryn Wilcox Chairman | Officer | $0 | |
Allen Hodges Treasurer | Officer | $0 | |
Ryan Brinson Member | Trustee | $0 | |
Randy Helton Member | Trustee | $0 | |
Mike Mcdonald Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,194 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $827,980 |
| Noncash contributions included in lines 1a–1f | $66,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $872,174 |
| Total Program Service Revenue | $0 |
| Investment income | $4,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,201 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,418 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,212 |
| Office expenses | $12,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,952 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,370 |
| Insurance | $2,159 |
| All other expenses | $4,815 |
| Total functional expenses | $247,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,138 |
| Savings and temporary cash investments | $687,758 |
| Pledges and grants receivable | $15,454 |
| 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 | $7,146 |
| Net Land, buildings, and equipment | $12,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,096,542 |
| Accounts payable and accrued expenses | $1,302 |
| 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 | $1,302 |
| Net assets without donor restrictions | $745,130 |
| Net assets with donor restrictions | $350,110 |
| 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 | $1,096,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oftc Foundation North Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: OFTC LENDING LIBRARY COMPUTERS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chowan University Murfreesboro, NC | $92,478,442 | $40,741,279 |
Bay Haven Charter Academy Inc Panama City, FL | $72,477,162 | $30,327,754 |
Road2hire Fort Mill, SC | $1,082,574 | $3,197,905 |
Laurelbrook Sanitarium And School Incorporated Dayton, TN | $3,172,312 | $3,978,330 |
Circus Arts Conservatory Inc Sarasota, FL | $8,250,938 | $3,678,261 |
American College Of The Building Arts Charleston, SC | $8,182,078 | $3,152,550 |
Brillare Beauty Institute Cleveland, TN | $1,097,021 | $2,779,261 |
Youth Automotive Training Center Of Broward Inc Deerfield Beach, FL | $53,993,495 | $5,483,147 |
Edventure Charter School Inc Hypoluxo, FL | $1,173,630 | $2,133,014 |
Plumbers & Pipefitters Local Union No 421 Joint Training Fund North Charleston, SC | $3,214,937 | $2,045,686 |
Believers Academy Inc West Palm Beach, FL | $1,332,397 | $2,105,906 |
Plumbers & Pipefitters Locals 352 & 572 Joint Apprenticeship Committee Nashville, TN | $1,903,387 | $1,719,621 |