Overview
What is Odessa Community Foundation Inc?
The Odessa Community Foundation Inc is a nonprofit organization that caters to the charitable needs and aspirations of the Odessa community. Their mission is to support various local causes and initiatives, as evidenced by their involvement in programs like Velvets endeavor and Texas scholars. By serving as a hub for charitable organizations, the foundation seeks to enhance the well-being and development of the Odessa community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Odessa Community Foundation Inc has received a Two-Star rating, reflecting a score of 73% based primarily on its Accountability & Finance metrics. This rating is significant as it highlights the organization's commitment to transparent financial practices and governance. The foundation has achieved full marks in several categories, indicating a strong level of accountability, including having a fully independent board and no material diversion of assets.
The organization boasts a remarkably high program expense ratio of 100%, which suggests that it allocates all its expenses directly towards its programs. Additionally, it effectively documents board meeting minutes and maintains a favorable liabilities to assets ratio of 0.00%. These strengths showcase the foundation's dedication to responsible financial management and operational integrity.
However, the overall rating also implies areas for improvement, as a Two-Star rating indicates that while the foundation meets important standards, it may not yet be performing at the highest levels compared to its peers. Continued efforts to enhance its impact and transparency may be necessary for the Odessa Community Foundation to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Odessa Community Foundation Inc legitimate?
Odessa Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odessa Community 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Odessa Community Foundation Inc?
The Odessa Community Foundation's mission is centered around serving the charitable organizations and causes within its community. This non-profit organization strives to support various philanthropic endeavors, as evident from its activities such as the Velvets endeavor and the Texas Scholars program. In essence, the foundation aims to enhance the charitable landscape of its community by providing resources and opportunities.
Who is the CEO of Odessa Community Foundation Inc?
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What is the revenue of Odessa Community Foundation Inc?
Odessa Community Foundation Inc's revenue in 2022 was $11,650.
Who are the executives of Odessa Community Foundation Inc and what are their salaries?
Here are 30 key members and their salaries:
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Where can I find the form 990 for Odessa Community Foundation Inc?
Odessa Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Odessa Community Foundation Inc
The Odessa Community Foundation, in its mission, is dedicated to serving the charitable organizations and purposes of its community. This nonprofit organization takes an active role in supporting various causes within its community, offering a range of programs to contribute to its betterment. Among these programs, two notable initiatives are Velvets endeavor and Texas scholars. The exact nature and objectives of these programs are not specified in the provided information, but it can be inferred that they are aimed at furthering the charitable work and purposes of the Odessa Community Foundation. By providing these programs, the organization demonstrates its commitment to strengthening the community it serves.
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Impact
August, 2024
Odessa Community Foundation Inc's impact is significant in serving the charitable organizations and purposes of the Odessa community. Through programs such as Velvet's endeavor and Texas Scholars, the foundation has been instrumental in supporting various philanthropic endeavors within the city. By providing resources and funding to local non-profit organizations, the foundation plays a vital role in enhancing the quality of life for residents in Odessa, Texas. Overall, Odessa Community Foundation Inc's efforts contribute to the betterment of the community and foster a spirit of giving and support among its residents.
This information is meant to be a general summary of Odessa Community 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.
- Gross Receipts: $11,650
Assets and Liabilities:
- Total Assets: $7,018
- Total Liabilities: $0
- Net Assets: $7,018
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Organization Details
Founding Year
1999
Phone
(432) 333-7860Main Address
PO BOX 3626, ODESSA, TX, 79760
NTEE Category
Code: T70 - Philanthropy
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