Odessa College Foundation Incorporated
- Assets
- $23.3m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Odessa, TX
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 75-2655037
Organization Overview
Odessa College Foundation Incorporated is located in Odessa, TX. The organization was established in 1997. 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. Odessa College Foundation Incorporated 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 12/2021, Odessa College Foundation Incorporated generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 10.7% 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.
Since 2014, Odessa College Foundation Incorporated has awarded 16 individual grants totaling $8,043,579. 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 ORGANIZATION IS THREE-FOLD: 1) TO SECURE DONATIONS FOR SCHOLARSHIP ASSISTANCE THROUGH THE ANNUAL CAMPAIGN AND LEAVE-A-LEGACY CAMPAIGN; 2) TO SECURE DONATIONS TO THE COLLEGE THAT FOSTER THE CONTINUATION AND DEVELOPMENT OF PROJECTS AND TRAINING PROGRAMS; 3) TO UNIFY THE COMMUNITY IN PROMOTING PHILANTHROPY FOR HIGHER EDUCATION AT ODESSA COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 879 SCHOLARSHIP RECIPIENTS FOR 2021.
THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacquilyn Gore Vice President For Advancement | OfficerTrustee | 20 | $0 |
David Boutin President | OfficerTrustee | 0 | $0 |
Brandy Ham Treasurer | OfficerTrustee | 5 | $0 |
Audrey Deleon Sch & Dev Coordinato | OfficerTrustee | 15 | $0 |
Paul Hinojos Director | Trustee | 0 | $0 |
Monica Tschauner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,472,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,472,783 |
| Total Program Service Revenue | $0 |
| Investment income | $427,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,087,294 |
| Net Income from Fundraising Events | $37,414 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,024,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,751,822 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,665 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $697 |
| All other expenses | $2,529 |
| Total functional expenses | $1,856,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,476,822 |
| Savings and temporary cash investments | $1,200,015 |
| Pledges and grants receivable | $20,000 |
| 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 | $20,622,353 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,319,190 |
| Accounts payable and accrued expenses | $20,497 |
| 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 | $20,497 |
| Net assets without donor restrictions | $3,594,793 |
| Net assets with donor restrictions | $19,703,900 |
| 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 | $23,319,190 |
Grants Awarded
Over the last fiscal year, Odessa College Foundation Incorporated has awarded $1,751,822 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ODESSA COLLEGE PURPOSE: CAPITAL PROJECTS | $1,144,771 |
ODESSA COLLEGE PURPOSE: SCHOLARSHIPS | $607,051 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Odessa College Foundation Incorporated has recieved totaling $4,641,572.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $4,000,000 |
Odessa Industrial Development Foundation Odessa, TX PURPOSE: SCHOLARSHIPS | $526,000 |
Permian Basin Area Foundation Midland, TX PURPOSE: Educational | $108,007 |
Oncor Cares Foundation Dallas, TX PURPOSE: HELP ORGANIZATIONS PROVIDE ASSISTANCE TO THOSE IN NEED DURING THE COVID-19 PANDEMIC. | $5,000 |
Junior League Of Odessa Inc Odessa, TX PURPOSE: Social services | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $65 |
Endowment Analysis
| Beg. Balance | $15,625,524 |
| Earnings | $2,019,555 |
| Admin Expense | $19,096 |
| Net Contributions | $7,457,883 |
| Grants | $1,785,173 |
| Ending Balance | $23,298,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |
Cynthia & Geo Mitchell Foundation The Woodlands, TX | $379,261,425 | $375,406 |
University Of Texas Law School Foundation Austin, TX | $263,458,115 | $22,437,207 |
Dallas Seminary Foundation Dallas, TX | $76,216,359 | $8,000,736 |
Sul Ross State University Foundation Alpine, TX | $1,687,998 | $1,230,429 |
University Of New Orleans Foundation New Orleans, LA | $129,213,862 | $21,783,517 |
Grambling High Foundation Grambling, LA | $36,491,619 | $11,923,300 |
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |