Otero Junior College Foundation
- Assets
- $2.4m
- Revenue
- $301.0k
- Investments
- $0.0
- Employees
- 0
- Location
- La Junta, CO
- Founding
- 02/1999
- Data as of
- 06/2021
- EIN
- 84-1472517
Organization Overview
Otero Junior College Foundation is located in La Junta, CO. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Otero Junior College Foundation 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 06/2021, Otero Junior College Foundation generated $301.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $234.0k during the year ending 06/2021. While expenses have increased by 16.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDATION FUNDRAISING ACTIVITIES SUPPORTING OTERO COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND SUSTAINING SCHOLARSHIP OPPORTUNITIES FOR STUDENTS OF OTERO COLLEGE. THE COLLEGE HAS IMPLEMENTED SEVERAL SCHOLARSHIP PROGRAMS INCLUDING THE PRESIDENT'S LEADERSHIP PROGRAM, AGRICULTURAL SCIENCES AND PRODUCTION PROGRAMS, AS WELL AS AN ALLIED HEALTH SCHOLARSHIP PROGRAM TO ASSIST CANDIDATES IN THE SUCCESSFUL COMPLETION OF NURSING, MEDICAL LABORATORY TECHNICIAN, HEALTH NAVIGATOR AND VARIOUS ADDITIONAL PROFESSIONS IN THE FIELD OF HEALTHCARE. SCHOLARSHIP RECIPIENTS ARE CHOSEN COMPETITIVELY BASED ON COMMUNITY SERVICE, CITIZENSHIP, INTERVIEWS, ACADEMIC PERFORMANCE, AND DESIRE TO BE SUCCESSFUL. THE FOUNDATION HAS EMBRACED THESE PROGRAMS AND DEVELOPED FUND RAISING EVENTS TO GENERATE FUNDING TO SUPPORT THE SCHOLARSHIP AWARDS.
THE FOUNDATION ASSISTS WITH FUND RAISING THAT SUPPORTS THE OTERO COLLEGE ATHLETIC PROGRAMS VIA DIRECT PROGRAM SUPPORT AS WELL AS SCHOLARSHIP FUNDING FOR STUDENT ATHLETES. MANY OF THE COLLEGE'S STUDENT ATHLETES ARE SUCCESSFUL ON THE FIELD OF PLAY OR COURT AS WELL AS IN THE CLASSROOM IN THAT THE COLLEGE HAS NUMEROUS ACADEMIC ALL-AMERICANS THAT ARE CHOSEN BY THE NATIONAL JUNIOR COLLEGE ATHLETIC ASSOCIATION BASED ON OUTSTANDING PERFORMANCE IN THE CLASSROOM AND EXCEPTIONAL ATHLETIC CONTRIBUTIONS.
THE FOUNDATION CONTINUES TO DEVELOP NEW AND ENHANCE EXISTING FUND RAISING PROJECTS TO GENERATE FUNDS TO BENEFIT PRIMARILY STUDENTS ATTENDING OTERO COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Velasquez Chairman | OfficerTrustee | 1 | $0 |
Johnathon Fox Vice-Chairman | OfficerTrustee | 1 | $0 |
Dillon Martin Foundation Manager | Officer | 2 | $0 |
John Knapp Director | Trustee | 1 | $0 |
Matt Heimerich Director | Trustee | 1 | $0 |
Sharon Kolomitz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,370 |
| Investment income | $11,670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| 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 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 | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,169 |
| Office expenses | $1,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,912 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,641 |
| Insurance | $6,022 |
| All other expenses | $0 |
| Total functional expenses | $233,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,275,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,146 |
| 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 | $6,553 |
| Investments—publicly traded securities | $69,929 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,380,164 |
| Accounts payable and accrued expenses | $928 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $291,680 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $477,160 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $769,768 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,610,396 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Otero Junior College Foundation has recieved totaling $54,036.
| Awarding Organization | Amount |
|---|---|
Colorado Community College System Foundation Denver, CO PURPOSE: SCHOLARSHIPS | $24,709 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: EDUCATION | $10,642 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $7,941 |
Colorado Community College System Foundation Denver, CO PURPOSE: SCHOLARSHIPS | $6,654 |
Robert Hoag Rawlings Foundation Pueblo, CO PURPOSE: SCHOLARSHIPS | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |