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Nonprofiteer
← ODC FOUNDATION INC

Form 990 for tax year 2024

Filed by ODC FOUNDATION INC.

Totals

Total revenue
$266,992
Total expenses
$21,484
Contributions and grants received
$45,765
Grants paid
$0
Program service revenue
$0
Investment income
$221,227
Other revenue
$0
Total assets, end of year
$3,839,959
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,839,959
Program services expenses (Part IX)
$0
Management and general expenses
$21,484
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $45,765

  • 3 · Investment income

    total $98,777 · excluded $98,777

  • 7a · Gross sales of assets other than inventory

    securities $690,023

  • 7b · Less cost or other basis and sales expenses

    securities $567,573

  • 7c · Gain or loss

    securities $122,450

  • 7d · Net gain or loss

    total $122,450 · excluded $122,450

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $21,484 · management and general $21,484

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $3,505,642 · end of year $3,839,959

  • 28 · Net assets with donor restrictions

    beginning of year $3,505,642 · end of year $3,839,959

Mission and programs · 2024

Mission

THE SPECIFIC PURPOSE OF THE ORGANIZATION IS TO PROVIDE FOR THE PERMANENT AND PERPETUAL ADMINISTRATION OF ALL ASSETS, SECURITIES AND ALL OTHER TYPES AND KINDS OF PROPERTY PLACED IN THIS CORPORATION AND TO CREAT AND MAINTAN A PERMANENT AND PERPETUAL FOUNDATION FOR THE EXCLUSIVE BENEFIT OF THE OPPORTUNITY DEVELOPMENT CENTERS, INC.

Activities or mission (Part I)

TO SUPPORT OPPORTUNITY DEVELOPMENT CENTERS, INC.

  • TO SUPPORT OPPORTUNITY DEVELOPMENT CENTERS, INC.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pat Gall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Strenn

    PRESIDENT

    Total calculated
    $209,955
    From this org
    $0
    From related orgs
    $202,155
    Other
    $7,800
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $202,155 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,800 related
    Filer's total
    $0 + $209,955 related

  • Jim Bartelt

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Wucherpfennig

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Jere Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Keith Pilger

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 July 2025
IRS schema version
2024v5.2
Source object
202512239349301416

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