ODESSA COLLEGE FOUNDATION INC

EIN: 752655037 501(c)(3) Education

ODESSA, TX

Total Revenue
$2,621,900
Total Expenses
$1,642,620
Total Assets
$24,115,924
Net Assets
$23,744,145
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
BRANDY HAM
Phone
4323356415
Tax Period
2023-01-01 to 2023-12-31

ODESSA COLLEGE FOUNDATION INC, founded in 1996, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $979K, a strong 37% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $788,817

THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 1,405 SCHOLARSHIP RECIPIENTS FOR 2023.

Program 2
Expenses: $703,876

THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,688,165
Program Service Revenue $0
Investment Income $885,794
Other Revenue $47,941
TOTAL REVENUE $2,621,900

Expense Breakdown

Grants Paid $1,492,693
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,492,693
Other Expenses $149,927
TOTAL EXPENSES $1,642,620

Year-over-Year Comparison

2023 2022 Change
Revenue $2,621,900 $2,320,224 +0.1%
Expenses $1,642,620 $999,515 +0.6%
Net Income $979,280 $1,320,709 -0.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$317,988
Total Directors
21
$317,988
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACQUILYN GORE VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT 20.00
Officer Director
$0 $0 $132,108
AUDREY DELEON GRANTS CORDINATOR - PARTIAL YEAR 10.00
Officer Director
$0 $0 $50,880
BRANDY HAM CHIEF FINANCIAL OFFICER 10.00
Officer Director
$0 $0 $135,000
SHEM CULPEPPER PRESIDENT 0.00
Officer Director
$0 $0 $0
JEFF ADAMS DIRECTOR 0.00
Director
$0 $0 $0
ARACELY CHAVEZ DIRECTOR 0.00
Director
$0 $0 $0
CONNIE COOTS DIRECTOR 0.00
Director
$0 $0 $0
JEFFERSON COX DIRECTOR 0.00
Director
$0 $0 $0
DR TARA DEAVER DIRECTOR 0.00
Director
$0 $0 $0
LISA HILL DIRECTOR 0.00
Director
$0 $0 $0
PAUL HINOJOS DIRECTOR 0.00
Director
$0 $0 $0
LISA HOUSEMAN DIRECTOR 0.00
Director
$0 $0 $0
GARY JOHNSON DIRECTOR 0.00
Director
$0 $0 $0
ARON MARQUEZ DIRECTOR 0.00
Director
$0 $0 $0
HOLLEY MOORE DIRECTOR 0.00
Director
$0 $0 $0
GAVEN NORRIS DIRECTOR 0.00
Director
$0 $0 $0
TOM PASSMORE DIRECTOR 0.00
Director
$0 $0 $0
TOMMY SALMON JR DIRECTOR 0.00
Director
$0 $0 $0
CANDY THOMPSON DIRECTOR 0.00
Director
$0 $0 $0
MONICA TSCHAUNER DIRECTOR 0.00
Director
$0 $0 $0
NATHAN VILLALOBOZ DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,621,900 $1,642,620 $24,115,924 $979,280
2022 $2,320,224 $999,515 $21,051,418 $1,320,709
2021 $9,024,686 $1,856,583 $23,319,190 $7,168,103
2020 $2,124,571 $1,046,413 $15,783,364 $1,078,158
2019 $2,366,000 $1,393,554 $13,432,876 $972,446
2018 $1,325,446 $953,897 $11,195,675 $371,549
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