Nonprofit · EIN 75-2655037
ODESSA COLLEGE FOUNDATION INCORPORATED
Tax-exempt · ODESSA, TX 79764
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,052,264 | $1,623,305 | $2,428,959 | $27,462,900 | $391,314 | $27,071,586 |
| December 31, 2023 | 990 | $2,621,900 | $1,642,620 | $979,280 | $24,115,924 | $371,779 | $23,744,145 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,263,328
- Program service revenue
- $0
- Investment income
- $1,821,539
- Net gain from sales of assets
- $1,168,790
- Net income from fundraising events
- -$32,603
- Other revenue
- -$32,603
Expenses
- Grants and similar amounts paid
- $1,376,510
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,170
- Program services (functional)
- $1,445,503
- Management and general (functional)
- $143,813
- Fundraising (functional)
- $33,989
Balance sheet and other
- Total assets, start of year
- $24,115,924
- Total assets, end of year
- $27,462,900
- Total liabilities, end of year
- $391,314
- Net assets, end of year
- $27,071,586
- Publicly traded securities
- $25,417,450
- Net assets without donor restrictions
- $2,811,451
- Net assets with donor restrictions
- $24,260,135
- Gross receipts
- $5,535,278
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1996
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRANDY HAM | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 10 | $0 | $137,250 |
| ALISSA CORNELIUS | VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT Trustee or director, Officer | 20 | $0 | $129,625 |
| JACLYN WOOLF | DIRECTOR OF INSTITUTIONAL ADVANCEMENT Trustee or director, Officer | 10 | $0 | $38,448 |
| SHEM CULPEPPER | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| TOM PASSMORE | PRESIDENT-ELECT Trustee or director | 0 | $0 | $0 |
| TAMARA BAVOUSETT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TERESA BURNETT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| WESLEY BURNETT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ARACELY CHAVEZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CONNIE COOTS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JEFFERSON COX | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DR TARA DEAVER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BECKY GRIFFITH | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LISA HILL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PAUL HINOJOS | DIRECTOR Trustee or director | 0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA SUTTON- HOUSMAN | DIRECTOR Trustee or director | 0 | $0 |
| GARY JOHNSON | BOARD ADVISOR Trustee or director | 0 | $0 |
| ARON MARQUEZ | DIRECTOR Trustee or director | 0 | $0 |
| HOLLEY BARROW MOORE | DIRECTOR Trustee or director | 0 | $0 |
| GAVEN NORRIS | DIRECTOR Trustee or director | 0 | $0 |
| SUZANNE RATHBUN | DIRECTOR Trustee or director | 0 | $0 |
| TOMMY SALMON JR | DIRECTOR Trustee or director | 0 | $0 |
| MONICA TSCHAUNER | DIRECTOR Trustee or director | 0 | $0 |
| NATHAN VILLALOBOZ | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRANDY HAM | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 10 | $0 | $135,000 |
| JACQUILYN GORE | VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT Trustee or director, Officer | 20 | $0 | $132,108 |
| AUDREY DELEON | GRANTS CORDINATOR - PARTIAL YEAR Trustee or director, Officer | 10 | $0 | $50,880 |
| SHEM CULPEPPER | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| JEFF ADAMS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ARACELY CHAVEZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CONNIE COOTS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JEFFERSON COX | DIRECTOR Trustee or director | 0 | $0 | $0 |
| DR TARA DEAVER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LISA HILL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PAUL HINOJOS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| LISA HOUSEMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GARY JOHNSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ARON MARQUEZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
| HOLLEY MOORE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GAVEN NORRIS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TOM PASSMORE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TOMMY SALMON JR | DIRECTOR Trustee or director | 0 | $0 | $0 |
| CANDY THOMPSON | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MONICA TSCHAUNER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| NATHAN VILLALOBOZ | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 W UNIVERSITY BLVD, ODESSA, TX 79764-7105
- In care of
- % VIRGINIA CHISUM
- Principal officer (990 for 2024)
- BRANDY HAM, 201 W UNIVERSITY BLVD, ODESSA, TX 79764
- Signed the 990
- BRANDY HAM, CHIEF FINANCIAL OFFICER
- Phone
- (432) 335-6415
- Return prepared by
- WHITLEY PENN LLP
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 accomplishments
- THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND SCHOLARSHIPS FOR ODESSA COLLEGE STUDENTS. THERE WERE 1,297 SCHOLARSHIP RECIPIENTS FOR 2023.Expenses $1,024,626 · grants $1,024,626
- THE FOUNDATION SOLICITS DONATIONS FROM BUSINESSES AND INDIVIDUALS TO FUND CAPITAL PROJECTS FOR ODESSA COLLEGE.Expenses $420,877 · grants $351,884
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2655037
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $27,462,900
- Income (IRS master file)
- $5,535,278
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,052,264 | $1,623,305 | $27,462,900 | XML |
| 990 | December 2023 | $2,621,900 | $1,642,620 | $24,115,924 | XML |
| 990 | December 2022 | $2,320,224 | $999,515 | $21,051,418 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2655037).
Questions about ODESSA COLLEGE FOUNDATION INCORPORATED
- What is the EIN of ODESSA COLLEGE FOUNDATION INCORPORATED?
- The employer identification number (EIN) of ODESSA COLLEGE FOUNDATION INCORPORATED is 75-2655037.
- Is ODESSA COLLEGE FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to ODESSA COLLEGE FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ODESSA COLLEGE FOUNDATION INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ODESSA COLLEGE FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ODESSA COLLEGE FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ODESSA COLLEGE FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 names BRANDY HAM.
- Who are the officers and directors of ODESSA COLLEGE FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does ODESSA COLLEGE FOUNDATION INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,052,264, expenses of $1,623,305 and total assets of $27,462,900 at year end.
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