Odessa College Foundation Inc

Nonprofit profile at a glance

EIN
752655037
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Odessa, TX, USA
Phone
4323356415
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$4,052,264
Expenses
$1,623,305
Assets
$27,462,900
Liabilities
$391,314

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • ALISSA CORNELIUS (VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT)
  • SHEM CULPEPPER (PRESIDENT)
  • TOM PASSMORE (PRESIDENT-ELECT)

Highest reported compensation

  • BRANDY HAM (CHIEF FINANCIAL OFFICER): $137,250 total reported compensation
  • ALISSA CORNELIUS (VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT): $129,625 total reported compensation
  • JACLYN WOOLF (DIRECTOR OF INSTITUTIONAL ADVANCEMENT): $38,448 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

The foundation solicits donations from businesses and individuals to fund scholarships for odessa college students. There were 1,297 scholarship recipients for 2023.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.3%; rating input score 61
  • Program expense ratio: 89%; rating input score 89
  • Fundraising efficiency: $66.59 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 59.9%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 16.92; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 61.3% of revenue deployed · 89% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $137K · 24 people listed
  • Highest-paid contractors: 1 contractor listed · $119K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.