Overview
What is Ogletree Resources Corporation?
Ogletree Resources Corporation is a notable entity based in Roanoke, Virginia. In 2018, they extended a long-term loan of $10,027,500 to Iberia VCOM Impact Fund, LLC, supporting the construction, development, maintenance, and leasing of a new osteopathic medical school facility in Monroe, Louisiana. The corporation's mission aligns with social welfare purposes, as outlined in Section 501(c)(4), with a focus on supporting various endeavors of the Via Bradley College of Engineering Foundation, a South Dakota corporation, in the state of Alabama. The description suggests that Ogletree Resources Corporation is committed to contributing to the field of education and engineering, particularly in the context of medical education.
Is Ogletree Resources Corporation legitimate?
Ogletree Resources Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ogletree Resources Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ogletree Resources Corporation?
Ogletree Resources Corporation's foundation is established for social welfare purposes, operating under Section 501(C)(4). Its main objective is to support various endeavors of Via Bradley College of Engineering Foundation, a South Dakota corporation, within the state of Alabama. The corporation also made a significant long-term loan of $10,027,500 to Iberia VCOM Impact Fund, LLC, contributing to the construction, development, maintenance, and leasing of a new osteopathic medical school facility in Monroe, Louisiana. However, the information provided does not include a clear mission statement for Ogletree Resources Corporation itself.
Who is the CEO of Ogletree Resources Corporation?
John G Rocovich Jr is the President of Ogletree Resources Corporation.
What is the revenue of Ogletree Resources Corporation?
Ogletree Resources Corporation's revenue in 2022 was $519,516.
Who are the executives of Ogletree Resources Corporation and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ogletree Resources Corporation?
Ogletree Resources Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ogletree Resources Corporation
Ogletree Resources Corporation is an organization that is established with a social welfare purpose, falling under Section 501(C)(4). Its mission is to support various endeavors associated with the Via Bradley College of Engineering Foundation, a South Dakota corporation, in the state of Alabama. This support may encompass a wide range of activities, contributing to the overall objectives and goals of the Via Bradley College of Engineering Foundation. It's important to note that the details of these endeavors or the specific nature of the support provided by Ogletree Resources Corporation are not explicitly stated in the provided information. However, it can be inferred that the corporation is involved in initiatives that align with the mission and objectives of the Via Bradley College of Engineering Foundation.
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Impact
October, 2024
Ogletree Resources Corporation plays a significant role in advancing social welfare, particularly in the field of education and healthcare. Through a substantial long-term loan of $10,027,500 to the Iberia VCOM Impact Fund, LLC, the organization supports the construction and development of a new osteopathic medical school facility in Monroe, Louisiana. This investment not only aids in creating educational opportunities for future healthcare professionals but also contributes to the community's overall health infrastructure.
By partnering with endeavors like the Via Bradley College of Engineering, Ogletree Resources Corporation enhances educational initiatives that are essential for workforce development in engineering and associated fields. The corporation's focus on supporting projects that have lasting impacts demonstrates its commitment to fostering an environment where social welfare can thrive, ultimately contributing to the economic and social betterment of communities in which it operates. The impact is felt across multiple sectors, showcasing how strategic funding can lead to improved access to education and healthcare.
This information is meant to be a general summary of Ogletree Resources Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $414,346
- Gross Receipts: $519,516
Assets and Liabilities:
- Total Assets: $11,970,397
- Total Liabilities: $9,094,013
- Net Assets: $2,876,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$414,346
Organization Details
Founding Year
2013
Phone
(540) 774-8800Principal Officer
John G Rocovich Jr
Main Address
4415 ELECTRIC ROAD, ROANOKE, VA, 24018
NTEE Category
Code: Z99 - Unknown
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