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Nonprofiteer
← OGEECHEE TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by OGEECHEE TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,250,656
Total expenses
$349,214
Contributions and grants received
$702,363
Grants paid
$107,008
Program service revenue
$0
Investment income
$534,179
Other revenue
$14,114
Total assets, end of year
$5,389,994
Total liabilities, end of year
$6,558
Net assets or fund balances, end of year
$5,383,436
Program services expenses (Part IX)
$238,939
Management and general expenses
$55,760
Fundraising expenses
$54,515
Program service expenses (Part III)
$238,939

Program services were 68.4% 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

    $702,363

  • 1g · Noncash contributions included above

    $55,912

  • 3 · Investment income

    total $56,234 · related or exempt $56,234

  • 7a · Gross sales of assets other than inventory

    securities $1,903,642

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

    securities $1,425,697

  • 7c · Gain or loss

    securities $477,945

  • 7d · Net gain or loss

    total $477,945 · related or exempt $477,945

  • 8a · Fundraising events: gross income

    $29,931

  • 8b · Fundraising events: direct expenses

    $15,817

  • 8c · Net income from fundraising events

    total $14,114 · excluded $14,114

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $107,008 · program services $107,008

  • 11c · Fees: accounting

    total $9,500 · management and general $9,500

  • 12 · Advertising and promotion

    total $59,282 · program services $9,836 · fundraising $49,446

  • 13 · Office expenses

    total $6,326 · management and general $6,326

  • 14 · Information technology

    total $22,401 · management and general $22,401

  • 17 · Travel

    total $10,997 · management and general $10,997

  • 23 · Insurance

    total $2,155 · management and general $2,155

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $31,042 · program services $31,042

  • 24b · Other expenses: SPECIAL EVENTS

    total $27,989 · program services $27,989

  • 24c · Other expenses: EMPLOYEE RELATIONS

    total $20,290 · program services $20,290

  • 24d · Other expenses: MEALS

    total $14,286 · program services $6,835 · management and general $2,382 · fundraising $5,069

  • 24e · All other expenses

    total $37,938 · program services $35,939 · management and general $1,999

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $451,779 · end of year $489,925

  • 3 · Pledges and grants receivable

    beginning of year $58,408 · end of year $53,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,959 · end of year $18,509

  • 11 · Investments: publicly traded securities

    beginning of year $4,005,482 · end of year $4,828,060

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,215 · end of year $6,558

  • 27 · Net assets without donor restrictions

    beginning of year $2,001,287 · end of year $2,247,679

  • 28 · Net assets with donor restrictions

    beginning of year $2,526,126 · end of year $3,135,757

Mission and programs · 2023

Mission

TO SECURE AND ADMINISTER MONETARY DONATIONS, GRANTS, AND OTHER FUNDS FROM CONSTITUENTS WITHIN ITS SERVICE DELIVERY AREA TO SUPPORT OGEECHEE TECHNICAL COLLEGE IN ITS QUEST TO CONTRIBUTE TO ECONOMIC, EDUCATIONAL, AND COMMUNITY DEVELOPMENT BY PROVIDING QUALITY TECHNICAL EDUCATION AND SERVICES, ADULT EDUCATION, CONTINUING EDUCATION, AND CUSTOMIZED BUSINESS AND INDUSTRY WORKFORCE TRAINING TO THE CITIZENS OF THE COMMUNITIES IT SERVES.

Activities or mission (Part I)

TO SECURE AND ADMINISTER MONETARY DONATIONS, GRANTS, AND OTHER FUNDS FROM CONSTITUENTS WITHIN ITS SERVICE DELIVERY AREA TO SUPPORT OGEECHEE TECHNICAL COLLEGE IN ITS QUEST TO CONTRIBUTE TO ECONOMIC, EDUCATIONAL, AND COMMUNITY DEVELOPMENT BY PROVIDING QUALITY TECHNICHAL EDUCATION AND SERVICES, ADULT EDUCATION, CONTINUING EDUCATION, AND CUSTOMIZED BUSINESS AND INDUSTRY WORKFORCE TRAINING TO THE CITIZENS OF THE COMMUNITIES IT SERVES.

  • STUDENT DEVELOPMENT AND ENHANCEMENT FOR STUDENTS OF TECHNICAL COLLEGE TO INCLUDE SCHOLARSHIPS, EMERGENCY ASSISTANCE, AND AWARDS FOR STUDENT COMPETITIONS.

    Expenses $128,266 · Grants $107,008

  • FUNDING FOR VARIOUS CAREER DEVELOPMENT AND ACTIVITIES FOR TECHNICAL COLLEGE FACULTY AND STAFF; FUNDING FOR ACCREDITATION EXPENSES FOR TECHNICAL COLLEGE, EVENTS TO PROMOTE COLLEGE WITH LOCAL MEDIA AND LEGISLATORS.

    Expenses $55,367

  • MATERIALS AND SUPPLEMENTAL SERVICES TO PROVIDE INSTRUCTIONAL SUPPORT FOR VARIOUS PROGRAMS OFFERED BY TECHNICAL COLLEGE.

    Expenses $50,770

  • SUPPORT FOR LOCAL AND REGIONAL ADULT LITERACY PROGRAMS.

    Expenses $4,536

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ken Austin

    BOARD MEMBER

    Total calculated
    $0

  • Chad Avret

    TREASURER

    Total calculated
    $0

  • Evan Brower

    PRESIDENT

    Total calculated
    $0

  • Holly Durrence

    BOARD MEMBER

    Total calculated
    $0

  • Lagina Evans

    SECRETARY

    Total calculated
    $0

  • Jenny Foss

    VICE PRESIDE

    Total calculated
    $0

  • Joel Hanner

    BOARD MEMBER

    Total calculated
    $0

  • Marty Holder

    BOARD MEMBER

    Total calculated
    $0

  • Dr Diane Holland

    BOARD MEMBER

    Total calculated
    $0

  • Adam Kennedy

    PAST PRESIDE

    Total calculated
    $0

  • John Scott

    BOARD MEMBER

    Total calculated
    $0

  • Larry Mays

    OFFICER

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202521149349301602

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