Jesse and Harriet Odom Drilling
Jesse and Harriet Odom Drilling Foundation Dated June 15 2015 is a private foundation located in Litchfield Park, Arizona. The foundation operates as a 501(c)(3) organization with one employee.
Key facts about Jesse and Harriet Odom Drilling
- EIN
- 47-4462681
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $84,000
- Grants made (2024)
- 28
- Average grant
- $3,000
- Median grant
- $3,000
- Total assets
- $1,806,711
- Primary geography
- Arizona (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jesse and Harriet Odom Drilling funds
By grant dollars, the top recipient states for Jesse and Harriet Odom Drilling's 28 itemized 2024 grants were Arizona (100%). The most frequent recipient cities were Buckeye, AZ (14 grants), Tonopah, AZ (10 grants) and Goodyear, AZ (2 grants). None of its 28 grants with a stated purpose were described as general or operating support. Recurring purposes include "Tuition for Arizona State University" (6 grants) and "Tuition for Estrella Mountain Community College" (3 grants).
How Jesse and Harriet Odom Drilling gives
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 129% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Jesse and Harriet Odom Drilling
- How to evaluate Jesse and Harriet Odom Drilling as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-5.9% YoY
Annual Giving
$84K
+0.0% YoY
Grant Count
28
+16.7% YoY
Avg Grant Size
$3K
-14.3% YoY
Under IRS private-foundation payout rules, Jesse and Harriet Odom Drilling reported a distributable amount of $106K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds tuition for higher education institutions in Arizona, including Arizona State University, Northern Arizona University, Grand Canyon University, and the University of Arizona.
Grantmaking
The foundation made 24 grants in its most recent reporting period. In fiscal year 2024, the foundation distributed grants totaling approximately $180,000 in expenses.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 28 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2024:
- Total Assets: $1,800,000
- Total Revenue: $67,257
- Total Expenses: $180,171
As of Fiscal Year 2025:
- Total Assets: $2,232,920
- Total Revenue: $618,918
- Total Expenses: $204,171
The significant increase in 2025 revenue was driven primarily by net gains from the sale of non-inventory assets ($563,463), with additional income from investment dividends ($54,222).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,806,711 | $1,919,721 | $2,041,883 |
| Revenue | $67,257 | $42,321 | $171,951 |
| Expenses | $179,714 | $164,483 | $183,470 |
| Qualifying Distributions | $137,736 | $126,760 | $149,049 |
| Net Investment Income | $25,279 | $19,479 | $132,595 |
| Distributable Amount | $106,460 | $96,079 | $100,392 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
126 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Maria Arellano ($3,000), Logan Barker ($3,000), Kendyl Beasley ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MARIA ARELLANO Tonopah, AZ | TUITION FOR GRAND CANYON UNIVERSITY | $3,000 |
| LOGAN BARKER Tonopah, AZ | TUITION FOR ARIZONA STATE UNIVERSITY | $3,000 |
| KENDYL BEASLEY Tonopah, AZ | TUITION FOR NEW MEXICO STATE UNIVERSITY | $3,000 |
| MOHAMMED CHENRHAOUI Buckeye, AZ | TUITION FOR ARIZONA STATE UNIVERSITY | $3,000 |
| HANNAH DEJOLIE Buckeye, AZ | TUITION FOR NORTHERN ARIZONA UNIVERSITY | $3,000 |
| ALLEN FLORES Tonopah, AZ | TUITION FOR ARIZONA STATE UNIVERSITY | $3,000 |
| ISABELLA GARCIA Goodyear, AZ | TUITION FOR ESTRELLA MOUNTAIN COMMUNITY COLLEGE | $3,000 |
| ZANDER AGREDANO-GARCIA Buckeye, AZ | TUITION FOR GATEWAY COMMUNITY COLLEGE | $3,000 |
| CARLOS HERNANDEZ Tonopah, AZ | TUITION FOR CDL SCHOOL | $3,000 |
| JAMES WYATT IMMOOS Tonopah, AZ | TUITION FOR BOROUGH OF MANHATTAN COMMUNITY COLLEGE | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation reported one trustee with compensation of approximately $60,550 in 2024.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marsha Franco | Trustee | 2 | $60,550 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Jesse and Harriet Odom Drilling fund?
The foundation primarily funds tuition for higher education institutions in Arizona, including Arizona State University, Northern Arizona University, Grand Canyon University, and the University of Arizona.
How do I apply for a grant from Jesse and Harriet Odom Drilling?
The foundation made 24 grants in its most recent reporting period. In fiscal year 2024, the foundation distributed grants totaling approximately $180,000 in expenses.
What size grants does Jesse and Harriet Odom Drilling award?
In 2024, Jesse and Harriet Odom Drilling awarded 28 grants totaling $84K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Jesse and Harriet Odom Drilling required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jesse and Harriet Odom Drilling reported a distributable amount of $106K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jesse and Harriet Odom Drilling's EIN?
Jesse and Harriet Odom Drilling's EIN (Employer Identification Number) is 47-4462681. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.