Oregon Tech Development Foundation in Klamath Falls, Oregon (OR)

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Oregon Tech Development Foundation
Employer Identification Number (EIN)237056213
Name of OrganizationOregon Tech Development Foundation
In Care of NamePresidents Office Oregon Technica
Address3201 Campus Dr, Klamath Falls, OR 97601-8801
ActivitiesOther school related activities, Fundraising, Gifts, grants, or loans to other organizations
SubsectionEducational Organization
Ruling Date10/1972
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$24,498,350
Amount of Income$4,985,164
Form 990 Revenue Amount$2,573,988
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2014: $4,985,164 (it was $3,856,490 in 2013)
Oregon Tech Development Foundation: 

 $4,985,164
Other organizations performing similar types of work: 

 $1,343,451

Assets in 2014: $24,498,350 (it was $22,864,894 in 2013)
Oregon Tech Development Foundation: 

 $24,498,350
Other organizations performing similar types of work: 

 $5,533,504

Expenses in 2014: $1,584,304
Oregon Tech Development Foundation: 

 $1,584,304
Other organizations performing similar types of work: 

 $487,806

Income to expenses ratio in 2014: 3.1
This organization: 

 3.1
Other organizations performing similar types of work: 

 2.4

Grants share in income in 2014: 43.2%
This organization: 

 43.2%
Other organizations performing similar types of work: 

 47.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?YesYesYes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?YesYesYes
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYesYes
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNoNo
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?NoNoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?YesYesYes
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?NoNoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
2011201220132014
The number reported in Box 3 of Form 1096181314
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoYes
Has it filed a Form 990-T for this year?NoNoYes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYesNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoYesNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0$0$0
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization000
Total number of independent contractors who received more than $100,000 of compensation from the organization000
Statement of Revenue
2011201220132014
Total revenue$2,481,860$2,596,115$3,856,490$2,573,988
Contributions, Gifts, Grants and Other Similar Amounts$1,960,153$1,238,438$2,588,603$1,111,859
Program Service Revenue$8,872$5,580$124,300$49,517
0$5,259$68,697$32,815
0$201$34,227$15,353
0$120$21,376$1,349
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$482,328$316,968$453,348$418,566
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$7,443$4,987$5,475$6,600
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$359,368$-735,997$986,322$703,745
Gross amount from sales of assets other than inventory (Securities / Other)$2,436,905 / $0$3,397,297 / $0$5,932,288 / $0$3,091,349 / $0
Less: cost or other basis and sales expenses (Securities / Other)$2,077,537 / $0$4,133,294 / $0$4,945,966 / $0$2,387,604 / $0
Gain or (loss) (Securities / Other)$359,368 / $0$-735,997 / $0$986,322 / $0$703,745 / $0
Net income/loss from fundraising events$-19,203$5,710$-2,745$865
Gross income from fundraising events$20,171$18,912$16,726$24,437
Less: direct expenses$39,374$13,202$19,471$23,572
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$-317,101$1,760,429$-298,813$282,836
110000$2,091,240$-298,813$282,836
All other revenue$0$0$0
Statement of Functional Expenses
2011201220132014
Total functional expenses$1,461,493$1,630,761$1,696,172$1,584,304
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$0$0$0$0
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$0$0$0$0
Fees for services (non-employees)
Management$365,586$442,452$322,734
Legal$3,101$2,634$2,652
Accounting$23,000$20,600$21,200
Lobbying$0$0$5,000
Professional fundraising services$0$0$0$0
Investment management fees$10,765$23,660$31,460
Other$44,047$19,593$15,795
Advertising and promotion$3,164$4,757$3,487
Office expenses$20,365$30,430$35,470
Information technology$17,888$20,547$28,936
Royalties$0$0$0
Occupancy$0$0$0
Travel$48,761$37,279$23,044
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$13,496$13,982$13,897
Interest$149,580$120,921$51,895
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$0
Insurance$3,791$3,568$3,212
Other expenses$432,662$385,763$415,840
Other expenses$330,416$222,620$276,543
Other expenses$164,739$207,745$228,083
Other expenses$103,495$132,683$95,058
Other expenses$-104,095$6,938$9,998
Balance Sheet
2011201220132014
Total assets$17,396,781$21,147,019$22,864,894$24,498,350
Cash - non-interest-bearing$68$0$0
Savings and temporary cash investments$213,625$466,053$155,019
Pledges and grants receivable, net$2,148,036$2,772,214$1,147,408
Accounts receivable, net$249,833$7,000$11,571
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$23,347$25,681$25,459
Land, buildings, and equipment: cost or other basis$205,000$205,000$205,000
Investments - publicly traded securities$13,330,654$14,206,189$17,974,960
Investments - other securities$4,876,901$5,033,377$4,608,553
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$99,555$149,380$370,380
Total liabilities$2,935,367$4,053,998$2,558,960$1,612,990
Accounts payable and accrued expenses$99,308$179,645$202,526
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$1,112,785$820,970$1,111,812
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0$0
Unsecured notes and loans payable to unrelated third parties$2,884,000$2,719,000$1,231,419$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$122,905$326,926$298,652
Total net assets or fund balances$14,461,414$17,093,021$20,305,934$22,885,360
Unrestricted net assets$8,522,712$8,745,331$9,389,036
Temporarily restricted net assets$2,828,310$3,893,278$5,202,668
Permanently restricted net assets$5,741,999$7,667,325$8,293,656
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$10,029,933
Subtotal Support$10,029,933
Gifts, grants, contributions, and membership fees received$10,029,933
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$12,575,893
Public Support$10,029,933
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$2,068,653
Net income from unrelated business activities, whether or not the business is regularly carried on$282,836
Other income. Do not include gain or loss from the sale of capital assets$194,471
Gross receipts from related activities, etc.$2,296,196
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Southern Oregon University Foundation1250 Siskiyou Blvd, Ashland, OR 97520-5001OR1968-01$29,348,632
2Rhode Island College Foundation600 Mount Pleasant Avenue, Providence, RI 02908-1940RI1978-03$19,304,093
3The College Of New Jersey Foundation IncPO BOX 7718, Ewing, NJ 08628-0718NJ1985-01$17,189,638
4Scholarship & Welfare Funds Of Alumni Association Of Hunter Colle695 Park Ave Rm 1314he, New York, NY 10065-5024NY1949-09$15,886,796
5Union County College Foundation Inc995 Springfield Ave, Cranford, NJ 07016-1528NJ1979-04$8,697,416
6Thomas A Edison State College Foundation Inc101 W State St, Trenton, NJ 08608-1101NJ1978-10$6,729,279
7Santa Ana College Foundation1530 W 17th St, Santa Ana, CA 92706-3398CA1968-05$5,446,012
8Wayne State Foundation1111 Main Street, Wayne, NE 68787-1172NE1963-06$5,177,884
9Schoolcraft College Foundation18600 Haggerty Rd, Livonia, MI 48152-3932MI1966-11$5,130,130
10Oregon Tech Development Foundation3201 Campus Dr, Klamath Falls, OR 97601-8801OR1972-10$4,985,164
11State University College At Brockport Foundation Inc350 New Campus Dr, Brockport, NY 14420-2997NY1977-03$4,132,336
12South Georgia State College Foundation Inc100 College Park Dr W, Douglas, GA 31533-5020GA1990-03$3,101,351
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14Warner Pacific College Foundation2219 Se 68th Ave, Portland, OR 97215-4026OR1971-01$2,846,239
15Simpson College Foundation2211 College View Dr, Redding, CA 96003-8601CA1992-09$2,014,626
16Wenatchee Valley College Foundation Inc1300 5th St, Wenatchee, WA 98801-1741WA1974-01$1,936,598
17York Technical College Foundation IncUs 21 By-Pass, Rock Hill, SC 29730SC1983-10$1,932,003
18The University Of Montana Western Foundation710 S Atlantic St, Dillon, MT 59725-3511MT1980-05$1,897,591
19Eastern Oregon University FoundationOne University Blvd Ste Ih, La Grande, OR 97850-2807OR1964-01$1,845,523
20Weatherford College Foundation Inc225 College Park Dr, Weatherford, TX 76086-6265TX1978-10$1,691,864
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona1
California27
Colorado2
Florida4
Georgia10
Iowa1
Idaho1
Illinois10
Indiana3
Kansas3
Kentucky1
Louisiana2
Massachusetts7
Maryland1
Maine2
Michigan6
Minnesota3
Missouri1
Montana1
North Carolina10
Nebraska4
New Hampshire2
New Jersey5
New York15
Ohio7
Oklahoma5
Oregon4
Pennsylvania1
Rhode Island3
South Carolina7
Tennessee1
Texas10
Washington6
Wisconsin3
West Virginia1
International2
Total174

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