2017-11-08T13:57:50-06:00 2016-12-31 850214336 JOHNSON MILLER & CO CPA'S PC 2626 JBS PKWY STE A-200 ODESSA TX 79761 990 2016-01-01 752655037 ODESSA COLLEGE FOUNDATION INC ODES 4323356415 201 W UNIVERSITY BLVD ODESSA TX 79764 VIRGINIA CHISUM TREASURER 4323356415 2017-11-01 true CYNTHIA D REBBER P01207573 4323623800 2017-11-08 EEB4A88E08EBEDA1AA8A12F035FAE52FB8142C0E 8BE713F09E6C3E72800F1068FAF64994AC20DE30 2016 2018-03-14 21:41:22Z VIRGINIA CHISUM 201 W UNIVERSITY BLVD ODESSA TX 79764 3709003 false X WWW.ODESSA.EDU/DEPT/IA/FOUNDATION X 1996 TX 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. 19 19 0 0 1612791 1494968 0 383398 360508 0 1996189 1855476 840265 1044378 0 0 0 0 70189 108577 910454 1152955 1085735 702521 9641480 10580703 115583 5000 9525897 10575703 X 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. false false 654488 613738 THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 442 SCHOLARSHIP RECIPIENTS FOR 2015. 430640 430640 THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE. 1085128 true true false false false false false false false true false false false false true false true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false X X VIRGINIA CHISUM 4323356415 201 W UNIVERSITY ODESSA TX 79764 MARA BARHAM DIRECTOR X 0 0 0 ROYCE BODIFORD DIRECTOR X 0 0 0 JIM BREAUX DIRECTOR X 0 0 0 BUDDY COKE DIRECTOR X 0 0 0 LARRY CRUTCHER DIRECTOR X 0 0 0 RENEE EARLS DIRECTOR X 0 0 0 PHIL GEORGE DIRECTOR X 0 0 0 JOE HURT DIRECTOR X 0 0 0 GARY JOHNSON DIRECTOR X 0 0 0 AUSTIN KEITH DIRECTOR X 0 0 0 LES LITTLEJOHN DIRECTOR X 0 0 0 DR DIANA RUIZ DIRECTOR X 0 0 0 LORI WHITE DIRECTOR X 0 0 0 JOHN WILKINS DIRECTOR X 0 0 0 DAVID BOUTIN DIRECTOR X 0 0 0 LARRY LEE DIRECTOR X 0 0 0 CRAIG VAN AMBURGH DIRECTOR X 0 0 0 RANDY WILSON PRESIDENT X X 0 0 0 DR TANYA WOOD DIRECTOR X 0 0 0 VIRGINIA CHISUM TREASURER 8.00 47.00 X 0 138485 0 JEFF MEYERS EXECUTIVE DI 20.00 20.00 X 0 70700 0 CINDY GRAHAM ASSISTANT DI 30.00 10.00 X 0 45741 0 254926 false false false 1494968 1494968 185154 185154 1823202 205679 1853527 -30325 205679 175354 175354 1855476 360508 1044378 1044378 13775 13775 48527 48527 45634 40750 4884 641 641 1152955 1085128 67827 0 1653865 1702459 116703 60090 20000 7870912 8798154 9641480 10580703 112825 3485 2758 1515 115583 5000 X 603229 826336 3419019 3765608 5503649 5983759 9525897 10575703 9641480 10580703 702521 347285 X false true X true false X 827853 548623 1450545 1612791 1494968 5934780 827853 548623 1450545 1612791 1494968 5934780 1716458 4218322 142041 219973 157553 154908 185155 859630 6794410 0.62090 0.62310 X SUPPLEMENTAL INFORMATION 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9525897 1494968 659266 1104428 10575703 9062090 1612791 -285351 863633 9525897 7756214 1450545 384903 529572 9062090 6664952 548623 959016 416377 7756214 5735015 827853 656927 554843 6664952 0.07810 0.56580 0.35610 false false DUE TO ODESSA COLLEGE 1515 1515 2154234 347285 347285 1806949 48527 48527 1855476 1104428 1104428 48527 48527 1152955 SCHEDULE D, PAGE 4, PART XIII 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. true ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 613738 SCHOLARSHIPS ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 430640 CAPITAL PROJECTS 1 1 SCHEDULE I, PAGE 1, PART I, LINE 2 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. 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. ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 HIGHER ED TX 501C3 2 NA false false true false false false false false false false false false false false false true false false false false