Form 990 for tax year 2023
Filed by ODESSA COLLEGE FOUNDATION INCORPORATED.
Totals
- Total revenue
- $2,621,900
- Total expenses
- $1,642,620
- Contributions and grants received
- $1,688,165
- Grants paid
- $1,492,693
- Program service revenue
- $0
- Investment income
- $885,794
- Other revenue
- $47,941
- Total assets, end of year
- $24,115,924
- Total liabilities, end of year
- $371,779
- Net assets or fund balances, end of year
- $23,744,145
- Program services expenses (Part IX)
- $1,492,693
- Management and general expenses
- $149,927
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,492,693
Program services were 90.9% 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.
-
1d · Related organizations
$154,460
-
1f · All other contributions, gifts and grants
$1,533,705
-
3 · Investment income
total $558,284 · excluded $558,284
-
7a · Gross sales of assets other than inventory
securities $2,507,191
-
7b · Less cost or other basis and sales expenses
securities $2,179,681
-
7c · Gain or loss
securities $327,510
-
7d · Net gain or loss
total $327,510 · excluded $327,510
-
8a · Fundraising events: gross income
$78,558
-
8b · Fundraising events: direct expenses
$30,617
-
8c · Net income from fundraising events
total $47,941 · excluded $47,941
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,492,693 · program services $1,492,693
-
11c · Fees: accounting
total $19,590 · management and general $19,590
-
11f · Fees: investment management
total $101,951 · management and general $101,951
-
13 · Office expenses
total $6,545 · management and general $6,545
-
24a · Other expenses: BAD DEBT
total $19,874 · management and general $19,874
-
24b · Other expenses: BANK SERVICE CHARGES
total $1,841 · management and general $1,841
-
24c · Other expenses: FACULTY TRAINING
total $126 · management and general $126
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,600,335 · end of year $1,942,111
-
2 · Savings and temporary cash investments
beginning of year $202,463 · end of year $203,536
-
3 · Pledges and grants receivable
beginning of year $20,000 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $19,228,620 · end of year $21,970,277
-
17 · Accounts payable and accrued expenses
beginning of year $45,444 · end of year $371,779
-
27 · Net assets without donor restrictions
beginning of year -$47,916 · end of year $1,608,076
-
28 · Net assets with donor restrictions
beginning of year $21,053,890 · end of year $22,136,069
Mission and programs · 2023
Mission
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.
-
THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 1,405 SCHOLARSHIP RECIPIENTS FOR 2023.
Expenses $788,817 · Grants $788,817
-
THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE.
Expenses $703,876 · Grants $703,876
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jacquilyn GoreJACQUILYN GORE
VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT
- Total calculated
- $132,108
- From this org
- $0
- From related orgs
- $132,108
- Other
- $0
- Hours/week
- 20 + 20 related
-
Audrey DeleonAUDREY DELEON
GRANTS CORDINATOR - PARTIAL YEAR
- Total calculated
- $50,880
- From this org
- $0
- From related orgs
- $50,880
- Other
- $0
- Hours/week
- 10 + 15 related
-
Brandy HamBRANDY HAM
CHIEF FINANCIAL OFFICER
- Total calculated
- $135,000
- From this org
- $0
- From related orgs
- $135,000
- Other
- $0
- Hours/week
- 10 + 5 related
-
Shem CulpepperSHEM CULPEPPER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Jeff AdamsJEFF ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Aracely ChavezARACELY CHAVEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Connie CootsCONNIE COOTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jefferson CoxJEFFERSON COX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dr Tara DeaverDR TARA DEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lisa HillLISA HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Paul HinojosPAUL HINOJOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lisa HousemanLISA HOUSEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gary JohnsonGARY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Aron MarquezARON MARQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Holley MooreHOLLEY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gaven NorrisGAVEN NORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tom PassmoreTOM PASSMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tommy Salmon JrTOMMY SALMON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Candy ThompsonCANDY THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Monica TschaunerMONICA TSCHAUNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Nathan VillalobozNATHAN VILLALOBOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 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
-
ODESSA COLLEGE
$788,817
SCHOLARSHIPS
-
ODESSA COLLEGE
$703,876
CAPITAL PROJECTS
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.
-
ODESSA COLLEGE
HIGHER ED · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432229349300808
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