Ogeechee Technical College Foundation Inc
- Assets
- $3.7m
- Revenue
- $679.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Statesboro, GA
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 58-1875628
Organization Overview
Ogeechee Technical College Foundation Inc is located in Statesboro, GA. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ogeechee Technical College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ogeechee Technical College Foundation Inc generated $679.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $275.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SECURE AND ADMINISTER MONETARY DONATIONS, GRANTS, AND OTHER FUNDS FROM CONSTITUENTS WITHIN ITS SERVICE DELIVERY AREA TO SUPPORT OGEECHEE TECHNICAL COLLEGE IN ITS QUEST TO CONTRIBUTE TO ECONOMIC, EDUCATIONAL, AND COMMUNITY DEVELOPMENT BY PROVIDING QUALITY TECHNICHAL EDUCATION AND SERVICES, ADULT EDUCATION, CONTINUING EDUCATION, AND CUSTOMIZED BUSINESS AND INDUSTRY WORKFORCE TRAINING TO THE CITIZENS OF THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT DEVELOPMENT AND ENHANCEMENT FOR STUDENTS OF TECHNICAL COLLEGE TO INCLUDE SCHOLARSHIPS, EMERGENCY ASSISTANCE, AND AWARDS FOR STUDENT COMPETITIONS.
FUNDING FOR VARIOUS CAREER DEVELOPMENT AND ACTIVITIES FOR TECHNICAL COLLEGE FACULTY AND STAFF; FUNDING FOR ACCREDITATION EXPENSES FOR TECHNICAL COLLEGE, EVENTS TO PROMOTE COLLEGE WITH LOCAL MEDIA AND LEGISLATORS.
MATERIALS AND SUPPLEMENTAL SERVICES TO PROVIDE INSTRUCTIONAL SUPPORT FOR VARIOUS PROGRAMS OFFERED BY TECHNICAL COLLEGE.
SUPPORT FOR LOCAL AND REGIONAL ADULT LITERACY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Avret Treasurer | OfficerTrustee | $0 | |
Warren Ball President | OfficerTrustee | $0 | |
Jill Griffin Secretary | OfficerTrustee | $0 | |
Adam Kennedy Vice Preside | OfficerTrustee | $0 | |
Matt Sawhill Past Preside | OfficerTrustee | $0 | |
Michelle Davis Officer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $617,556 |
| Noncash contributions included in lines 1a–1f | $23,454 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,556 |
| Total Program Service Revenue | $0 |
| Investment income | $14,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,643 |
| Net Income from Fundraising Events | $17,507 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $91,637 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,571 |
| Office expenses | $7,285 |
| Information technology | $17,994 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,939 |
| All other expenses | $39,255 |
| Total functional expenses | $275,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,380 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,593 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,993,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,652,015 |
| Accounts payable and accrued expenses | $6,336 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,336 |
| Net assets without donor restrictions | $1,706,924 |
| Net assets with donor restrictions | $1,938,755 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,652,015 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ogeechee Technical College Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Planters Operation Roundup Inc Millen, GA PURPOSE: COMMUNITY ASSISTANCE | $10,000 |
Endowment Analysis
| Beg. Balance | $315,812 |
| Earnings | -$28,920 |
| Net Contributions | $187,250 |
| Grants | $5,650 |
| Ending Balance | $468,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |