2025-11-17T14:25:57-06:00 2024-12-31 752393478 WHITLEY PENN LLP 7100 E TEXAS HIGHWAY 191 STE 400 ODESSA TX 79765 990 2024-01-01 752655037 ODESSA COLLEGE FOUNDATION INC ODES 4323356415 201 W UNIVERSITY BLVD ODESSA TX 79764 BRANDY HAM CHIEF FINANCIAL OFFICER 4323356415 2025-11-14 1 1 EMILY LANDRY P01614538 4323623800 2024 2025-03-06 01:10:19Z BRANDY HAM 201 W UNIVERSITY BLVD ODESSA TX 79764 5535278 0 X WWW.ODESSA.EDU/DEPT/IA/FOUNDATION X 1996 TX 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. 21 21 0 0 0 0 1688165 2263328 0 0 885794 1821539 47941 -32603 2621900 4052264 1492693 1376510 0 0 0 0 0 0 33989 149927 246795 1642620 1623305 979280 2428959 24115924 27462900 371779 391314 23744145 27071586 X 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. 0 0 1024626 1024626 THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 1,297 SCHOLARSHIP RECIPIENTS FOR 2023. 420877 351884 THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE. 1445503 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X BRANDY HAM 4323356415 201 W UNIVERSITY ODESSA TX 79764 ALISSA CORNELIUS VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 20.00 20.00 X X 0 129625 0 JACLYN WOOLF DIRECTOR OF INSTITUTIONAL ADVANCEMENT 10.00 15.00 X X 0 38448 0 BRANDY HAM CHIEF FINANCIAL OFFICER 10.00 5.00 X X 0 137250 0 SHEM CULPEPPER PRESIDENT 0.00 X X 0 0 0 TOM PASSMORE PRESIDENT-ELECT 0.00 X 0 0 0 TAMARA BAVOUSETT DIRECTOR 0.00 X 0 0 0 TERESA BURNETT DIRECTOR 0.00 X 0 0 0 WESLEY BURNETT DIRECTOR 0.00 X 0 0 0 ARACELY CHAVEZ DIRECTOR 0.00 X 0 0 0 CONNIE COOTS DIRECTOR 0.00 X 0 0 0 JEFFERSON COX DIRECTOR 0.00 X 0 0 0 DR TARA DEAVER DIRECTOR 0.00 X 0 0 0 BECKY GRIFFITH DIRECTOR 0.00 X 0 0 0 LISA HILL DIRECTOR 0.00 X 0 0 0 PAUL HINOJOS DIRECTOR 0.00 X 0 0 0 LISA SUTTON- HOUSMAN DIRECTOR 0.00 X 0 0 0 GARY JOHNSON BOARD ADVISOR 0.00 X 0 0 0 ARON MARQUEZ DIRECTOR 0.00 X 0 0 0 HOLLEY BARROW MOORE DIRECTOR 0.00 X 0 0 0 GAVEN NORRIS DIRECTOR 0.00 X 0 0 0 SUZANNE RATHBUN DIRECTOR 0.00 X 0 0 0 TOMMY SALMON JR DIRECTOR 0.00 X 0 0 0 MONICA TSCHAUNER DIRECTOR 0.00 X 0 0 0 NATHAN VILLALOBOZ DIRECTOR 0.00 X 0 0 0 0 305323 0 0 0 0 0 UBS FINANCIAL SERVICES INC 1700 WEST WALL SREET SUITE 220 MIDLAND TX 79701 INVESTMENT ADVISORY 118962 1 88900 770725 1403703 2263328 652749 652749 2619201 1450411 1168790 1168790 1168790 0 88900 32603 -32603 -32603 4052264 0 0 1788936 1376510 1376510 21170 21170 118962 118962 2400 2400 FUND TRANSFER EXPENSE 68798 66593 2205 MISCELLANEOUS EXPENDITU 33989 33989 BANK SERVICE CHARGES 1476 1476 1623305 1445503 143813 33989 1942111 1838027 203536 207423 21970277 25417450 24115924 27462900 371779 391314 371779 391314 X 1608076 2811451 22136069 24260135 23744145 27071586 24115924 27462900 2428959 898482 0 X X 0 1 X 1 0 X 1667516 7472783 1284674 1688165 2263328 14376466 1667516 7472783 1284674 1688165 2263328 14376466 2728881 11647585 294532 427195 471231 558284 652749 2403991 16780457 0.69410 0.64610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23744145 2194531 1375039 1445503 1608077 24260135 21005974 1664772 2644685 1549981 21305 23744145 23298693 1278037 -2627743 919061 23952 21005974 15625524 7457883 2019555 1785173 19096 23298693 13432438 1606071 1584201 979818 17368 15625524 0.69062 0.30938 0 0 0 X 4795591 898483 898483 3897108 118962 36194 155156 4052264 1468149 0 1468149 118962 36194 155156 1623305 PART X, LINE 2: THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"), AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS: HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -32,603. FUND TRANSFER INCOME 68,797. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE -32,603. FUND TRANSFER EXPENSE 68,797. OC HONORS LUNCHEON 88900 88900 14025 14282 4296 88900 88900 14025 14282 4296 32603 -32603 0 ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 GOVERNMENT 1024626 0 SCHOLARSHIPS ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 GOVERNMENT 351884 0 CAPITAL PROJECTS 1 PART I, LINE 2: ODESSA COLLEGE FOUNDATION, INC. 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 STUDENT'S 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, PART VI, SECTION B, 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 GO OVER THE 990 AT THE COMMITTEE MEETING AND ANSWER 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, PART VI, SECTION B, 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 CONSISTENTLY MONITORS THIS PROCESS. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION C, 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. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE YEAR. ODESSA COLLEGE 201 W UNIVERSITY BLVD ODESSA TX 79764 756002907 HIGHER ED TX LINE 2 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 ODESSA COLLEGE B 1376510 CASH ODESSA COLLEGE C 770725 CASH