Odessa College Foundation Incorporated

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.

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)Compensation
Brandy Ham
Treasurer
$0
David Boutin
President
$0
Jacquilyn Gore
Vice President For Advancement
$0
Audrey Deleon
Sch & Dev Coordinato
$0
Collin Sewell
Director
$0
Craig Van Amburgh
Director
$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

Grants Awarded

Over the last fiscal year, Odessa College Foundation Incorporated has awarded $1,751,822 in support to 2 organizations.

Grant RecipientAmount

ODESSA COLLEGE

PURPOSE: CAPITAL PROJECTS

$1,144,771

ODESSA COLLEGE

PURPOSE: SCHOLARSHIPS

$607,051
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Odessa College Foundation Incorporated has recieved totaling $4,641,572.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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

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