ODESSA COLLEGE FOUNDATION INCORPORATED: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ODESSA COLLEGE FOUNDATION INCORPORATED (EIN 75-2655037)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-08
- IRS object ID
- 201743129349302099
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-08T13:57:50-06:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 850214336 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON MILLER & CO CPA'S PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2626 JBS PKWY STE A-200 | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752655037 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ODESSA COLLEGE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ODES | BusinessNameControlTxt |
| Phone | 4323356415 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA CHISUM | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 4323356415 | PhoneNum |
| Signature | 2017-11-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CYNTHIA D REBBER | PreparerPersonNm |
| PTIN | P01207573 | PTIN |
| Phone | 4323623800 | PhoneNum |
| Preparation | 2017-11-08 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | EEB4A88E08EBEDA1AA8A12F035FAE52FB8142C0E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8BE713F09E6C3E72800F1068FAF64994AC20DE30 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2018-03-14 21:41:22Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | VIRGINIA CHISUM | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,709,003 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ODESSA.EDU/DEPT/IA/FOUNDATION | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE FOUNDATION 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $1,612,791 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,494,968 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $383,398 | PYInvestmentIncomeAmt |
| CY Investment Income | $360,508 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $1,996,189 | PYTotalRevenueAmt |
| CY Total Revenue | $1,855,476 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $840,265 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,044,378 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $70,189 | PYOtherExpensesAmt |
| CY Other Expenses | $108,577 | CYOtherExpensesAmt |
| PY Total Expenses | $910,454 | PYTotalExpensesAmt |
| CY Total Expenses | $1,152,955 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,085,735 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $702,521 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,641,480 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,580,703 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $115,583 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,525,897 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $10,575,703 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE FOUNDATION 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $654,488 | ExpenseAmt |
| Grant | $613,738 | GrantAmt |
| Desc | THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 442 SCHOLARSHIP RECIPIENTS FOR 2015. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $430,640 | ExpenseAmt |
| Grant | $430,640 | GrantAmt |
| Desc | THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,085,128 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA CHISUM | PersonNm |
| Phone | 4323356415 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt |
|---|---|---|---|---|---|---|---|
| MARA BARHAM | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| ROYCE BODIFORD | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| JIM BREAUX | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| BUDDY COKE | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| LARRY CRUTCHER | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| RENEE EARLS | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| PHIL GEORGE | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| JOE HURT | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| GARY JOHNSON | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| AUSTIN KEITH | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| LES LITTLEJOHN | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| DR DIANA RUIZ | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| LORI WHITE | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| JOHN WILKINS | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| DAVID BOUTIN | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| LARRY LEE | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| CRAIG VAN AMBURGH | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| RANDY WILSON | |||||||
| PRESIDENT | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DR TANYA WOOD | |||||||
| DIRECTOR | Yes (X) | $0 | $0 | $0 | |||
| VIRGINIA CHISUM | |||||||
| TREASURER | $0 | $138,485 | $0 | Yes (X) | 8.00 | 47.00 | |
| JEFF MEYERS | |||||||
| EXECUTIVE DI | $0 | $70,700 | $0 | Yes (X) | 20.00 | 20.00 | |
| CINDY GRAHAM | |||||||
| ASSISTANT DI | $0 | $45,741 | $0 | Yes (X) | 30.00 | 10.00 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Reportable Comp Rltd Org | $254,926 | TotReportableCompRltdOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,494,968 | AllOtherContributionsAmt |
| Total Contributions | $1,494,968 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $185,154 | TotalRevenueColumnAmt |
| Exclusion | $185,154 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,823,202 | SecuritiesAmt |
| Other | $205,679 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,853,527 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$30,325 | SecuritiesAmt |
| Other | $205,679 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $175,354 | TotalRevenueColumnAmt |
| Exclusion | $175,354 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,855,476 | TotalRevenueColumnAmt |
| Exclusion | $360,508 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,044,378 | TotalAmt |
| Program Services | $1,044,378 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,775 | TotalAmt |
| Management And General | $13,775 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,527 | TotalAmt |
| Management And General | $48,527 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,634 | TotalAmt |
| Program Services | $40,750 | ProgramServicesAmt |
| Management And General | $4,884 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $641 | TotalAmt |
| Management And General | $641 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,152,955 | TotalAmt |
| Program Services | $1,085,128 | ProgramServicesAmt |
| Management And General | $67,827 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,653,865 | BOYAmt |
| EOY | $1,702,459 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $116,703 | BOYAmt |
| EOY | $60,090 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $20,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,870,912 | BOYAmt |
| EOY | $8,798,154 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,641,480 | BOYAmt |
| EOY | $10,580,703 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,825 | BOYAmt |
| EOY | $3,485 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,758 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,515 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,583 | BOYAmt |
| EOY | $5,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $603,229 | BOYAmt |
| EOY | $826,336 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,419,019 | BOYAmt |
| EOY | $3,765,608 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,503,649 | BOYAmt |
| EOY | $5,983,759 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,525,897 | BOYAmt |
| EOY | $10,575,703 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,641,480 | BOYAmt |
| EOY | $10,580,703 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $702,521 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $347,285 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $827,853 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $548,623 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,450,545 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,612,791 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,494,968 | CurrentTaxYearAmt |
| Total | $5,934,780 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $827,853 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $548,623 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,450,545 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,612,791 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,494,968 | CurrentTaxYearAmt |
| Total | $5,934,780 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,716,458 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,218,322 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $142,041 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $219,973 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $157,553 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $154,908 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $185,155 | CurrentTaxYearAmt |
| Total | $859,630 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $6,794,410 | TotalSupportAmt |
| Public Support CY170 | 0.62090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.62310 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SUPPLEMENTAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | DURING 2012 ODESSA COLLEGE FOUNDATION SUBMITTED A REQUEST TO THE INTERNAL REVENUE SERVICE FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI)OF THE INTERNAL REVENUE CODE. IN THE ORIGINAL DETERMINATION LETTER ISSUED BY IRS IN MARCH, 2004, THE ODESSA COLLEGE FOUNDATION WAS FOUND TO BE EXEMPT UNDER SECTION 501(C) (3) OF THE CODE. FURTHER IT WAS RULED THAT OC FOUNDATION WAS NOT A PRIVATE FOUNDATION AND WAS CLASSIFIED AS A PUBLIC CHARITY DESCRIBED IN SECTION 509 (A)(3) OF THE CODE. BASED UPON INFORMATION PROVIDED, A NEW DETERMINATION LETTER WAS RECEIVED ON MAY 18, 2012 STATING THAT REQUIREMENTS WERE MET FOR CLASSIFICATION AS A PUBLIC CHARITY DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE. ACCORDINGLY, PUBLIC CHARITY STATUS REQUESTED WAS GRANTED. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,525,897 | BeginningYearBalanceAmt |
| Contributions | $1,494,968 | ContributionsAmt |
| Investment Earnings Or Losses | $659,266 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $1,104,428 | GrantsOrScholarshipsAmt |
| End Year Balance | $10,575,703 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,062,090 | BeginningYearBalanceAmt |
| Contributions | $1,612,791 | ContributionsAmt |
| Investment Earnings Or Losses | -$285,351 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $863,633 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,525,897 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $7,756,214 | BeginningYearBalanceAmt |
| Contributions | $1,450,545 | ContributionsAmt |
| Investment Earnings Or Losses | $384,903 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $529,572 | GrantsOrScholarshipsAmt |
| End Year Balance | $9,062,090 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $6,664,952 | BeginningYearBalanceAmt |
| Contributions | $548,623 | ContributionsAmt |
| Investment Earnings Or Losses | $959,016 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $416,377 | GrantsOrScholarshipsAmt |
| End Year Balance | $7,756,214 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,735,015 | BeginningYearBalanceAmt |
| Contributions | $827,853 | ContributionsAmt |
| Investment Earnings Or Losses | $656,927 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $554,843 | GrantsOrScholarshipsAmt |
| End Year Balance | $6,664,952 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.07810 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.56580 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.35610 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO ODESSA COLLEGE | Desc |
| Amt | $1,515 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,515 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $2,154,234 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $347,285 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $347,285 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,806,949 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $48,527 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $48,527 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,855,476 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,104,428 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $1,104,428 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $48,527 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $48,527 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,152,955 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XIII | FormAndLineReferenceDesc |
| Explanation | ODESSA COLLEGE FOUNDATION USES THE EARNINGS FROM THEEIR ENDOWMENT FUNDS TO GRANT SCHOLARSHIPS TO ODESSA COLLEGE STUDENTS WHO MUST MEET THE PRE- DETERMINED MINIMUM QUALIFICATIONS FOR EACH FUND. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|
| ODESSA COLLEGE | ||||||
| 201 W UNIVERSITY BLVD | ODESSA | TX | 79764 | 756002907 | $613,738 | SCHOLARSHIPS |
| ODESSA COLLEGE | ||||||
| 201 W UNIVERSITY BLVD | ODESSA | TX | 79764 | 756002907 | $430,640 | CAPITAL PROJECTS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | ODESSA COLLEGE FOUNDATION RAISES FUNDS FOR SCHOLARSHIPS TO BE AWARDED TO STUDENTS WHO ATTEND ODESSA COLLEGE. THE SCHOLARSHIP COMMITTEE OF THE FOUNDATION SELECTS THE STUDENTS WHO WILL BE AWARDED SCHOLARSHIPS BASED ON APPLICATIONS RECEIVED, PRIOR SEMESTER GPA (IF APPLICABLE), AND AVAILABILITY OF FUNDS. THE SCHOLARSHIPS AWARDED ARE MONITORED BY THE FOUNDATION TREASURER. THE AWARDED SCHOLARSHIPS ARE PLACED ON EACH STUDENTS ACCOUNT, BUT ONLY THE ACTUAL SCHOLARSHIPS ACCEPTED AND UTILIZED BY THE STUDENTS ARE PAID IN THE FORM OF A GRANT FROM THE FOUNDATION TO ODESSA COLLEGE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MISSION OF THE FOUNDATION 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. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 AND APPLICABLE SCHEDULES ARE PRESENTED TO THE AUDIT AND INVESTMENT COMMITTEE OF THE ODESSA COLLEGE FOUNDATION, INC DURING THE REGULARLY SCHEDULED COMMITTEE MEETING HELD BEFORE THE DUE DATE OF THE RETURN. THE TREASURER OF THE FOUNDATION AND A DESIGNEE FROM THE INDEPENDENT ACCOUNTING FIRM GOES OVER THE 990 AT THE COMMITTEE MEETING AND ANSWERS ANY QUESTIONS THAT ARISE. THE COMMITTEE VOTES ON THE SUBMISSION OF THE 990, AND ONCE APPROVED THE TREASURER SIGNS THE DOCUMENT. THE APPROVAL VOTE IS DOCUMENTED IN THE MINUTES OF THE APPLICABLE COMMITTEE MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST FORM BEFORE THEIR TERM BEGINS AND ANNUALLY THEREAFTER. THE EXECUTIVE DIRECTOR OF THE FOUNDATION REGULARLY AND CONSISTANTLY MONITORS THIS PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE EXECUTIVE DIRECTOR OF THE ODESSA COLLEGE FOUNDATION IS COMPENSATED BY ODESSA COLLEGE. A COMPENSATION POLICY WAS ADOPTED BY THE FOUNDATION BOARD OF DIRECTORS ON MAY 21, 2009. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE FOUNDATION POSTS ITS GOVERNING DOCUMENTS, POLICIES, AND FORM 990 ON ITS PUBLICLY ACCESSIBLE WEB SITE. THE URL FOR THE WEB SITE IS HTTP://WWW.ODESSA.EDU/DEPT/DEVELOPMENT/FOUNDATION.HTM. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ODESSA COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 W UNIVERSITY BLVD | AddressLine1Txt |
| City | ODESSA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79764 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 756002907 | EIN |
| Primary Activities | HIGHER ED | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Exempt Code Section | 501C3 | ExemptCodeSectionTxt |
| Public Charity Status | 2 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
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