Overview
What is Odessa College Foundation Inc?
Odessa College Foundation Inc, located in Odessa, Texas, is a dedicated nonprofit organization that focuses on raising funds for scholarships and supporting higher education at Odessa College. With a mission to secure donations for scholarship assistance, foster the continuation and development of projects and training programs, and unify the community in promoting philanthropy for education, they have successfully aided 1,129 scholarship recipients in 2022. The foundation achieves its objectives through annual campaigns and leave-a-legacy campaigns, while also contributing to the college's overall growth and development.
Official website here: www.odessa.edu/dept/ia/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Odessa College Foundation Inc has achieved a perfect score of 100% from Charity Navigator, indicating exemplary performance in accountability and finance. This rating is significant as it reflects the organization’s commitment to transparency and effective management of its resources, demonstrating that it meets high standards for financial health and governance.
Strengths of the foundation include its independent governance, with a board comprised entirely of independent members, and a strong program expense ratio of 92.17%. Such metrics suggest that a substantial portion of its resources is devoted to programs rather than administrative costs. Additionally, the organization has no material diversions of assets, which underscores its integrity in financial management.
One notable limitation is not present, as the foundation scored perfectly across all evaluated areas, including fundraising efficiency and operational sustainability. The organization has shown strong financial health with a low liabilities-to-assets ratio and a significant working capital ratio, indicating a robust ability to meet its obligations and support its mission effectively. Overall, the Odessa College Foundation Inc exemplifies a well-managed nonprofit committed to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Odessa College Foundation Inc legitimate?
Odessa College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odessa College Foundation Inc 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.
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Official website here: www.odessa.edu/dept/ia/foundation
What is the mission statement of Odessa College Foundation Inc?
The Odessa College Foundation Inc's mission is multifaceted, primarily focused on securing donations for scholarship assistance and higher education advancement. Through annual and legacy campaigns, the organization aims to collect funds for scholarships. Additionally, it seeks donations to support the continuation and development of projects and training programs at the college. The foundation also strives to unify the community in promoting philanthropy for higher education, fostering a culture of giving towards the college's growth and development.
Official website here: www.odessa.edu/dept/ia/foundation
Who is the CEO of Odessa College Foundation Inc?
Brandy Ham is the President of Odessa College Foundation Inc.
Official website here: www.odessa.edu/dept/ia/foundation
What is the revenue of Odessa College Foundation Inc?
Odessa College Foundation Inc's revenue in 2022 was $2,320,224.
Official website here: www.odessa.edu/dept/ia/foundation
Who are the executives of Odessa College Foundation Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.odessa.edu/dept/ia/foundation
Where can I find the form 990 for Odessa College Foundation Inc?
Odessa College Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odessa.edu/dept/ia/foundation
Learn more at the official website: www.odessa.edu/dept/ia/foundation
Mission Statement of Odessa College Foundation Inc
Odessa College Foundation Inc is an organization dedicated to three primary objectives. Firstly, it strives to procure donations for scholarship assistance through annual campaigns and the Leave-A-Legacy campaign. This financial aid aims to support students in their pursuit of higher education.
Secondly, the foundation seeks donations to the college that contribute to the continuation and development of various projects and training programs. By doing so, it helps enrich the educational experience and opportunities for students at Odessa College.
Lastly, Odessa College Foundation Inc serves as a catalyst for promoting philanthropy within the community, specifically for higher education at Odessa College. This mission unites the community in supporting the college and its students, fostering a culture of giving and educational advancement.
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Impact
July, 2024
Odessa College Foundation Inc's impact is significant and far-reaching. It plays a pivotal role in securing donations to provide scholarship assistance for students at Odessa College. By mobilizing businesses and individuals to contribute to the scholarship fund, the foundation has positively impacted the lives of 1,129 scholarship recipients in 2022 alone.
Furthermore, the foundation's efforts extend beyond scholarships to support the college's projects and training programs. Through donations that foster the continuation and development of these initiatives, Odessa College Foundation Inc contributes to the overall advancement of education at Odessa College.
In essence, Odessa College Foundation Inc unifies the community in promoting philanthropy for higher education, making a profound difference in the educational journey of many students and the broader community in Odessa, Texas.
This information is meant to be a general summary of Odessa College Foundation Inc. 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.
- Investment Income: $985,685
- Gross Receipts: $2,676,081
Assets and Liabilities:
- Total Assets: $21,051,418
- Total Liabilities: $45,444
- Net Assets: $21,005,974
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Organization Details
Founding Year
1996
Phone
(432) 335-6415Principal Officer
Brandy Ham
Main Address
201 W UNIVERSITY BLVD, ODESSA, TX, 79764
NTEE Category
Code: B114 - Education
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