Overview
What is The Ohio Foundation Of Independent Colleges?
The Ohio Foundation of Independent Colleges (OFIC) is a nonprofit organization situated in Columbus, Ohio. Its primary mission is to solicit donations from corporations and private foundations, channeling these funds to support 33 member colleges and universities in Ohio. These institutions serve approximately 80,000 students and are distinguished by their nonprofit, privately controlled status, 4-year programs in traditional liberal arts, and accreditation by the Higher Learning Commission. OFIC's activities include administering successful scholarship programs like The Ohio Scholars Program and Scholarship Management Resources, which provide financial aid and grants for college campus activities. Additionally, OFIC conducts annual job fairs, such as Careerfest and the Accounting Careerfest, allowing students to connect with potential employers and participate in interviews. The organization's goal is to support independent higher education by providing an efficient means for donors to contribute and ultimately contribute to tuition assistance and operational support for the member institutions. Furthermore, OFIC promotes corporate/independent higher education partnerships and contributes to developing cost-effective and improved business practices for its members. With a small staff of 11 individuals, OFIC plays a crucial role in the educational landscape of Ohio.
Official website here: www.ofic.org
Is The Ohio Foundation Of Independent Colleges legitimate?
The Ohio Foundation Of Independent Colleges is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ohio Foundation Of Independent Colleges submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $439,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $437,178
For more financial information, click here
Official website here: www.ofic.org
What is the mission statement of The Ohio Foundation Of Independent Colleges?
The Ohio Foundation of Independent Colleges (OFIC) serves the purpose of soliciting contributions from corporations and private foundations for its 33 member colleges and universities. These institutions serve nearly 80,000 students and are nonprofit, privately controlled, 4-year colleges or universities chartered by the State of Ohio. They are fully accredited by the Higher Learning Commission and offer a curriculum in traditional liberal arts. The contributions received by OFIC are annually distributed to these colleges and universities, providing tuition assistance and operational support. OFIC also offers an efficient means for donors to support independent higher education while promoting corporate and independent higher education partnerships. Furthermore, OFIC provides leadership in developing efforts that result in reduced costs and improved business practices for its member institutions.
Official website here: www.ofic.org
Who is the CEO of The Ohio Foundation Of Independent Colleges?
William Spiker is the Chair of The Ohio Foundation Of Independent Colleges.
Official website here: www.ofic.org
What is the revenue of The Ohio Foundation Of Independent Colleges?
The Ohio Foundation Of Independent Colleges's revenue in 2022 was $4,168,054.
Official website here: www.ofic.org
Who are the executives of The Ohio Foundation Of Independent Colleges and what are their salaries?
The average compensation at The Ohio Foundation Of Independent Colleges during 2022 was $79,689. There are 11 employees and 74 volunteers at The Ohio Foundation Of Independent Colleges.
Here are 76 key members and their salaries:
- William Spiker (President)
- Jayne Taylor (Vp Fin & Admin (Thru 12/31))
- Randall K Marker (Chair) [Trustee/Director]
- Barbara J Britenriker (Vice Chair (Corporate)) [Trustee/Director]
- William N Ruud (Vice Chair (Collegiate)) [Trustee/Director]
- Susan S Hasseler (Vice Chair Elect (Collegiate)) [Trustee/Director]
- James G Fahey (Treasurer) [Trustee/Director]
- David A King (Secretary) [Trustee/Director]
- James M Gasior (Past Chair) [Trustee/Director]
- Carlos Campo (Trustee)
- Jim Carulas (Trustee)
- Sean M Decatur (Trustee)
- Mary Ann Gawelek (Trustee)
- Michael Muse (Trustee)
- Eddie Taylor (Trustee)
- Adam Weinberg (Trustee)
- Robert W Malone (Trustee)
- Robert G Merzweiler (Trustee)
- Christine L Walker (Trustee)
- Catherine Belden (Trustee)
- Christopher V Goff (Trustee)
- T Stephen Gregory (Trustee)
- Tracy L Sabo (Trustee)
- Randolph L Snow (Trustee)
- Evan J Andrews (Trustee)
- Erik Freudenberg (Trustee)
- Thomas R Schuck (Trustee)
- Aaron Williams (Trustee)
- Thomas D Bechtel Cpa (Trustee)
- Timothy E Boyle (Trustee)
- Gabriel Bruno (Trustee)
- James P Carulas (Trustee)
- Matthew A Danis (Trustee)
- Jim Malz (Trustee)
- Suzanne Miklos (Trustee)
- Timothy G Novotny (Trustee)
- Todd F Clossin (Trustee)
- Frederick G Hadley (Trustee)
- Francie B Henry (Trustee)
- Kevin J Kale (Trustee)
- Ralph Smithers (Trustee)
- Bear Monita (Trustee)
- Tim Alter (Trustee)
- Stephen A Hirzel (Trustee)
- Michael Koralewski (Trustee)
- Ronald A Mcmaster (Trustee)
- Michael A Muse (Trustee)
- David L Belew (Trustee)
- Ward J Timken (Trustee)
- Charles J Tyburski (Trustee)
- Carmen Twillie Ambar (Trustee)
- Trevor M Bates (Trustee)
- David P Haney (Trustee)
- Father David Pivonka (Trustee)
- Brian D Posler (Trustee)
- Sarah Bolton (Trustee)
- Thomas Botzman (Trustee)
- Timothy J Collins (Trustee)
- John Comerford (Trustee)
- David R Decker (Trustee)
- Sister Christine Devinne (Trustee)
- Daniel A Dibiasio (Trustee)
- Katherine Rowe Fell (Trustee)
- Michael Frandsen (Trustee)
- Robert C Helmer (Trustee)
- Robert H Huntington (Trustee)
- Rockwell F Jones (Trustee)
- David L Kaufman (Trustee)
- Richanne C Mankey (Trustee)
- Alan Miciak (Trustee)
- J Michael Pressimone (Trustee)
- Lillian Schumacher (Trustee)
- Henry Spaulding (Trustee)
- Thomas White (Trustee)
- Jane Wood (Trustee)
- Connie Gallaher (Trustee)
Official website here: www.ofic.org
Where can I find the form 990 for The Ohio Foundation Of Independent Colleges?
The The Ohio Foundation Of Independent Colleges’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ofic.org
Learn more at the official website: www.ofic.org
Mission Statement of The Ohio Foundation Of Independent Colleges
The Ohio Foundation of Independent Colleges, or OFIC, is a nonprofit organization with a mission to solicit contributions from corporate communities and private foundations. This mission is aimed at supporting 33 member-colleges and universities that serve nearly 80,000 students. These institutions are privately controlled, nonprofit, 4-year colleges and universities chartered by the State of Ohio. They are fully accredited by the Higher Learning Commission and offer a curriculum focused on traditional liberal arts.
OFIC's primary role is to distribute the collected contributions annually to its member-institutions. These funds are used to provide tuition assistance and operational support, thereby aiding these independent higher education institutions. Furthermore, OFIC offers programs to foster corporate-independent higher education partnerships and provides leadership in developing efforts that result in reduced costs and improved business practices for its members. In essence, OFIC serves as an efficient means for donors to support independent higher education and plays a crucial role in its success.
Impact
This information is meant to be a general summary of The Ohio Foundation Of Independent Colleges. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Ohio Foundation of Independent Colleges has a significant impact on the higher education landscape in Ohio. By soliciting contributions from the corporate community and private foundations on behalf of its 33 member colleges and universities, the foundation serves nearly 80,000 students. These member institutions are privately controlled, 4-year colleges and universities chartered by the state of Ohio, fully accredited by the Higher Learning Commission, and offer curricular programs in traditional liberal arts.
Contributions to OFIC are distributed annually to member institutions, providing crucial tuition assistance and operational support. This financial aid not only benefits the students directly but also allows Ohio's businesses and industries to cultivate future leaders and employees. Additionally, OFIC administers successful scholarship programs like the Ohio Scholars Program and Scholarship Management Resources, which fund student scholarships and awards, including financial aid and special program grants for college campus activities.
Furthermore, OFIC conducts annual job fairs such as the CareerFest and the Accounting CareerFest, enabling students to meet and interview with donor companies and other interested participants. Through these efforts, OFIC plays a vital role in promoting corporate-independent higher education partnerships and driving initiatives that lead to reduced costs and improved business practices for its member institutions.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT INCOME
Revenue
$1,138,951
REGISTRATION INCOME
Revenue
$13,040
Organization Details
Founding Year
1950
Phone
(614) 469-1950
Principal Officer
William Spiker
Main Address
250 EAST BROAD STREET NO 1700, COLUMBUS, OH, 43215
Website
www.ofic.org
NTEE Category
Code: B120 - Education
If you are a representative of The Ohio Foundation Of Independent Colleges and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.