OHIO FOUNDATION OF INDEPENDENT COLLEGES INC

As filed

Subsection

03

NTEE code

B120

Classification

2000

Street

60 COLLEGEVIEW RD 107

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2023

• ADMINISTER AND CARRY OUT SUCCESSFUL SCHOLARSHIP PROGRAMS - THE OHIO SCHOLARS PROGRAM AND SCHOLARSHIP MANAGEMENT RESOURCES - THAT PROVIDE CASH DISTRIBUTIONS TO COLLEGES AND UNIVERSITIES FOR STUDENT SCHOLARSHIPS AND AWARDS. THESE FUNDS NOT ONLY PROVIDE FINANCIAL ASSISTANCE FOR STUDENTS, BUT ALSO OFFER OHIO'S BUSINESS AND INDUSTRY WITH AN OPPORTUNITY TO CULTIVATE FUTURE LEADERS AND EMPLOYEES. THESE DISTRIBUTIONS INCLUDE FINANCIAL AID AND SPECIAL PROGRAM GRANTS FOR COLLEGE CAMPUS ACTIVITIES. AS AN EXTENSION OF THIS PROGRAM, OFIC CONDUCTS ANNUAL JOB FAIRS - THE CAREERFEST AND THE ACCOUNTING CAREERFEST - PROGRAMS THAT ALLOW STUDENTS TO MEET AND INTERVIEW WITH OFIC DONOR COMPANIES AND OTHER INTERESTED PARTICIPANTS.

  Expenses $2,617,786 · Grants $2,236,332 · Revenue $926,304

• ESTABLISH A STRONG VOLUNTEER NETWORK OF BUSINESS/INDUSTRY AND COLLEGE/UNIVERSITY PROFESSIONALS TO CONDUCT AN ANNUAL SOLICITATION PROGRAM THAT PROVIDES UNRESTRICTED DISTRIBUTIONS TO OHIO INDEPENDENT COLLEGES AND UNIVERSITIES. UNRESTRICTED CONTRIBUTIONS TO OFIC ARE DISTRIBUTED IN ENTIRETY TO THE 33 OFIC-MEMBER COLLEGES AND UNIVERSITIES IN ACCORDANCE WITH A DISTRIBUTION FORMULA THAT REQUIRES 60% OF THE TOTAL TO BE DIVIDED EQUALLY AND 40% OF THE TOTAL TO BE BASED UPON EACH MEMBER'S FULL-TIME AND FULL-TIME EQUIVALENT UNDERGRADUATE ENROLLMENTS. THIS IS AN IMPORTANT SOURCE OF FINANCIAL SUPPORT FOR OUR MEMBERS, ALLOWING THEM TO APPLY IT TO AREAS OF GREATEST NEED AND ENABLING THEM TO RELY ON SOURCES OTHER THAN JUST TUITION TO SUPPORT COSTS ASSOCIATED WITH PROVIDING AN ACCESSIBLE, QUALITY EDUCATION.

  Expenses $269,842 · Grants $210,810

• COORDINATE AND FACILITATE COLLABORATIVE PROGRAMS DESIGNED TO HELP OHIO'S INDEPENDENT COLLEGES AND UNIVERSITIES CONSERVE COSTS AND IMPROVE OPERATING EFFICIENCIES, AS WELL AS COORDINATE AND IMPLEMENT PROGRAMS DESIGNED TO BRING EDUCATION AND BUSINESS TOGETHER FOR SPECIFIC PURPOSES SUCH AS MINORITY RECRUITMENT/RETENTION, STUDENT ADVANCEMENT/ACCESS TO HIGHER EDUCATION.

  Expenses $162,824 · Revenue $305,435

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

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $4,373,175

  Expenses

  $4,111,486

  Contributions

  $2,315,772

  Grants paid

  $2,447,142

• 2022

  Revenue

  $4,506,221

  Expenses

  $4,252,857

  Contributions

  $2,874,925

  Grants paid

  $2,734,729

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $4,168,054

  Expenses

  $3,658,988

  Assets (EOY)

  $7,138,726

• 2020 · 990

  Revenue

  $4,357,939

  Expenses

  $4,626,306

  Assets (EOY)

  $10,019,771

• 2019 · 990

  Revenue

  $4,155,775

  Expenses

  $3,574,336

  Assets (EOY)

  $8,373,314

• 2018 · 990

  Revenue

  $3,874,316

  Expenses

  $4,101,685

  Assets (EOY)

  $7,515,541

• 2017 · 990

  Revenue

  $3,938,071

  Expenses

  $4,324,030

  Assets (EOY)

  $6,884,428

• 2016 · 990

  Revenue

  $4,592,825

  Expenses

  $4,526,845

  Assets (EOY)

  $6,819,555

• 2015 · 990

  Revenue

  $4,131,685

  Expenses

  $4,554,212

  Assets (EOY)

  $6,418,104

• 2014 · 990

  Revenue

  $5,146,906

  Expenses

  $4,321,192

  Assets (EOY)

  $6,887,897

• 2013 · 990

  Revenue

  $5,066,369

  Expenses

  $4,456,609

  Assets (EOY)

  $6,642,913

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $4,410,958

  Assets (EOY)

  $5,195,669

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• UNIVERSITY OF SOUTHERN INDIANA

  $93,393

  2022 · SCHOLARSHIPS & UNRESTRICTED

• CEDARVILLE UNIVERSITY

  $82,777

  2022 · SCHOLARSHIPS

• UNIVERSITY OF SOUTHERN INDIANA

  $81,270

  2023 · SCHOLARSHIPS

• FRANKLIN UNIVERSITY

  $78,078

  2022 · SCHOLARSHIPS & UNRESTRICTED

• CEDARVILLE UNIVERSITY

  $76,677

  2023 · SCHOLARSHIPS

• BALDWIN WALLACE UNIVERSITY

  $72,379

  2022 · SCHOLARSHIPS & UNRESTRICTED

• PURDUE UNIVERSITY

  $69,619

  2023 · SCHOLARSHIPS

• OBERLIN COLLEGE

  $67,581

  2022 · SCHOLARSHIPS & UNRESTRICTED

• OHIO NORTHERN UNIVERSITY

  $66,349

  2022 · SCHOLARSHIPS

• DENISON UNIVERSITY

  $65,998

  2022 · SCHOLARSHIPS

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• COUNCIL OF INDEPENDENT COLLEGES

  $179,927

  2023 · GRANTS TO COLLEGES, GRANTS TO STATE COUNCILS

• COUNCIL OF INDEPENDENT COLLEGES

  $141,862

  2022 · GRANT TO STATE COUNCILS

• COUNCIL OF INDEPENDENT COLLEGES

  $134,500

  2024 · GRANTS TO STATE COUNCILS

• THE CLEVELAND FOUNDATION

  $68,386

  2023 · TO SUPPORT OFIC'S PARTNERSHIP WITH INTERN BRIDGE.

• THE CLEVELAND FOUNDATION

  $67,203

  2024 · TO SUPPORT OFIC'S TALENTEDU PROGRAM.

• THE CLEVELAND FOUNDATION

  $60,000

  2022 · SCHOLARSHIP SUPPORT FOR 18 STUDENTS IN THE JANE D. WHITE SCHOLARS PROGRAM AND FEES

• COLUMBUS FOUNDATION

  $32,600

  2022 · EDUCATION

• COLUMBUS FOUNDATION

  $26,000

  2024 · EDUCATION

• COLUMBUS FOUNDATION

  $26,000

  2023 · EDUCATION

• DONOR ADVISED CHARITABLE GIVING

  $25,000

  2024 · EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files