Ozarka Technical College Foundation FY2021 filing

Tax-deductible

Melbourne, AR501(c)(3)EducationEIN 58-1969931Revenue $815K in FY2021

On file with the IRSPo Box 10, 72556-0010 · Melbourne, ARTax-exempt since Feb 1992Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarships to students of Ozarka College and to provide support to the College.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $323K a year · 62% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$815K
Spent
$96K
To programs
92%
Net assets
$2.9M
By yearFY2021–FY2025
Revenue
$815K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$815K
FY2022$7K
FY2023$335K
FY2024$661K
FY2025$778K
Expenses
$96K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$96K
FY2022$203K
FY2023$113K
FY2024$213K
FY2025$356K
Net assets
$2.9M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.9M
FY2022$2.7M
FY2023$2.9M
FY2024$3.4M
FY2025$3.8M

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $88K Management & general 6% · $6K Fundraising 2% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
See Ozarka Technical College Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Gives scholarships to Ozarka College students and supports the college.

Provided by the organization

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1 program · $88K · in their own filed words · FY2020
01

Provide scholarships to numerous students, purchase various capital assets for the collece and promote cultural events for a community of 5,000.

$88Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$22K
Grants paid · 10 grants · $684K · 2020–2024
Ozarka Technical CollegeFY2024$226,634
Unitemized GrantFY2024$46,150
Unitemized GrantFY2023$53,588
Ozarka Technical CollegeFY2023$14,500
Unitemized GrantFY2022$57,813
Ozarka Technical CollegeFY2022$25,000
Ozarka Technical CollegeFY2021$125,000
Unitemized GrantFY2021$53,163
Unitemized GrantFY2020$56,701
Ozarka Technical CollegeFY2020$25,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$815K
Ln 12
Investment incomeLn 3$634K
Gifts and grantsLn 1h$146K
Other incomeLn 4–11$35K
Money outPt IX
$96K
Ln 25
Programscol B$88K
Managementcol C$6K
Fundraisingcol D$2K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$213K
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$146K
Investment incomeLn 3$634K
Other incomeLn 4–11$35K
Gains on assetsLn 7$0
Total revenueLn 12$815K
Assets in detailPt X, end of year
CashLn 1$213K
SavingsLn 2$0
Cash and savings togetherLn 1–2$213K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.9M
LiabilitiesLn 26$0
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$153K$213K
InvestmentsLn 11–13$2.0M$2.7M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.2M$2.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$57K$57K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$6K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$96K$88K$6K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $778K$356K$422K$3.8M 990 PDF
FY2024 $661K$213K$448K$3.4M 990 PDF
FY2023 $335K$113K$221K$2.9M 990 PDF
FY2022 $7K$203K−$195K$2.7M 990 PDF
FY2021 Viewing $815K$96K$719K$2.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $815,285 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $162,125$146,383
I-9 Program service revenue$0
I-10 Investment incomePrior year −$11,494$633,868
I-11 Other revenuePrior year $71,506$35,034
I-12 Total revenuePrior year $222,137$815,285
I-13 Grants and similar amounts paidPrior year $222,248$81,701
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $21,592$14,313
I-18 Total expensesPrior year $243,840$96,014
I-19 Revenue less expensesPrior year −$21,703$719,271
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $815,285 across 9 lines filed
VIII-1f All other contributions, gifts and grants$146,383
VIII-1h Total contributions, gifts and grants$146,383
VIII-3 Investment incomeExcluded from tax $633,868$633,868
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $14,994$14,994
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $20,040$20,040
VIII-12 Total revenueExcluded from tax $668,902$815,285
Part IX · Statement of functional expenses $96,014 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $25,000$25,000
IX-2 Grants to domestic individualsPrograms $56,701$56,701
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,050$5,050
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesFundraising $1,877$1,877
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,140$1,140
IX-24 Other expenses (24a–d)Programs $6,246$6,246
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $87,947 · Management $6,190 · Fundraising $1,877$96,014
Part X · Balance sheet $2,904,128 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $152,541$213,195
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $131$93
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,032,185$2,690,840
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,184,857$2,904,128
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $401,766$459,655
X-28 Net assets with donor restrictionsStart of year $1,783,091$2,444,473
X-32 Total net assets or fund balancesStart of year $2,184,857$2,904,128
X-33 Total liabilities and net assetsStart of year $2,184,857$2,904,128
Part XI · Reconciliation of net assets $2,904,128 net assets at year end
XI-1 Total revenue$815,285
XI-2 Total expenses$96,014
XI-3 Revenue less expenses$719,271
XI-4 Net assets at start of year$2,184,857
XI-10 Net assets at end of year$2,904,128

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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