Ozarka Technical College Foundation FY2024 filing

Tax-deductible

Melbourne, AR501(c)(3)EducationEIN 58-1969931Revenue $661K in FY2024

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

Tell your story. Claim this org

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

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.3 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
$661K
+97% vs prior year
Spent
$213K
To programs
77%
Net assets
$3.4M
By yearFY2021–FY2025
Revenue
$661K
FY2024▲ +97%
Tap a bar for its year
Revenue by fiscal year
FY2021$815K
FY2022$7K
FY2023$335K
FY2024$661K
FY2025$778K
Expenses
$213K
FY2024▲ +88%
Tap a bar for its year
Expenses by fiscal year
FY2021$96K
FY2022$203K
FY2023$113K
FY2024$213K
FY2025$356K
Net assets
$3.4M
FY2024▲ +15%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 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

77 cents of each dollar spent went to programs.

Program services 77% · $163K Management & general 23% · $49K

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

Something off? Claim to fix it

Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
See Ozarka Technical College Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Ozarka Technical College Foundation

Tap to ask. Ozarka Technical College Foundation sees how many people are interested.

Your first name shows with your question. Ozarka Technical College Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $163K · in their own filed words · FY2023
01

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

$163Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$661K
Ln 12
Gifts and grantsLn 1h$267K
Investment incomeLn 3$265K
Other incomeLn 4–11$129K
Money outPt IX
$213K
Ln 25
Programscol B$163K
Managementcol C$49K
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$378K
Total assetsLn 16$3.4M
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$267K
Government grantsLn 1e$70K
Investment incomeLn 3$265K
Other incomeLn 4–11$129K
Gains on assetsLn 7$0
Total revenueLn 12$661K
Assets in detailPt X, end of year
CashLn 1$378K
SavingsLn 2$0
Cash and savings togetherLn 1–2$378K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.4M
LiabilitiesLn 26$0
Net assetsLn 32$3.4M
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 FY24End FY24
Cash and savingsLn 1–2$250K$378K
InvestmentsLn 11–13$2.7M$2.9M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.9M$3.4M
LiabilitiesLn 26$1K$0
Net assetsLn 32$2.9M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14K$14K
Grants to domestic individualsLn 2$54K$54K
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$11K$11K
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$130K$95K$35K
All other expensesLn 24e$0
Total functional expensesLn 25$213K$163K$49K$0

Filing history

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

More to add? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $660,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $85,652$267,266
I-9 Program service revenue$0
I-10 Investment incomePrior year $183,043$264,709
I-11 Other revenuePrior year $66,034$128,741
I-12 Total revenuePrior year $334,729$660,716
I-13 Grants and similar amounts paidPrior year $82,813$68,088
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $30,578$144,591
I-18 Total expensesPrior year $113,391$212,679
I-19 Revenue less expensesPrior year $221,338$448,037
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 $660,716 across 10 lines filed
VIII-1e Government grants$69,975
VIII-1f All other contributions, gifts and grants$197,291
VIII-1h Total contributions, gifts and grants$267,266
VIII-3 Investment incomeExcluded from tax $264,709$264,709
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 $70,886$84,228
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44,513$44,513
VIII-12 Total revenueExcluded from tax $380,108$660,716
Part IX · Statement of functional expenses $212,679 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $14,500$14,500
IX-2 Grants to domestic individualsPrograms $53,588$53,588
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 $11,000$11,000
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 expensesManagement $2,085$2,085
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 $1,361$1,361
IX-24 Other expenses (24a–d)Programs $95,145 · Management $35,000$130,145
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $163,233 · Management $49,446 · Fundraising $0$212,679
Part X · Balance sheet $3,378,306 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $250,399$377,699
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$71,040
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 $2,681,108$2,929,567
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 $2,931,507$3,378,306
X-26 Total liabilitiesStart of year $1,238$0
X-27 Net assets without donor restrictionsStart of year $668,207$306,229
X-28 Net assets with donor restrictionsStart of year $2,262,062$3,072,077
X-32 Total net assets or fund balancesStart of year $2,930,269$3,378,306
X-33 Total liabilities and net assetsStart of year $2,931,507$3,378,306
Part XI · Reconciliation of net assets $3,378,306 net assets at year end
XI-1 Total revenue$660,716
XI-2 Total expenses$212,679
XI-3 Revenue less expenses$448,037
XI-4 Net assets at start of year$2,930,269
XI-10 Net assets at end of year$3,378,306

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.