Alpha Omicron Pi Fraternity Inc
- Assets
- $57.4m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 10/1940
- Data as of
- 06/2022
- EIN
- 51-0426239
Organization Overview
Alpha Omicron Pi Fraternity Inc is located in Brentwood, TN. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Alpha Omicron Pi Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Alpha Omicron Pi Fraternity Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.2m during the year ending 06/2022. While expenses have increased by 12.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR THE UNDERGRADUATE CHAPTERS OF ALPHA OMICRON PI FRATERNITY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE A SPIRIT OF FRATERNITY & LOVE AMONG ITS MEMBERS. TO PROMOTE CHARACTER, DIGNITY, SCHOLARSHIP & COLLEGE LOYALTY. TO SUPPORT THE BEST INTERESTS OF COLLEGES AND UNIVERSITIES IN WHICH CHAPTERS ARE INSTALLED. PART OF THE UNDERGRADUATE EXPERIENCE IS TO COME TOGETHER IN FELLOWSHIP; THE HOUSING IS THE FOCAL POINT FOR ACTIVITY OF A CHAPTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaya Miller Executive Director | Officer | 20 | $0 |
Kandyce Harbor General Counsel | 20 | $0 | |
Jessie Wang-Grimm Director | Trustee | 8 | $0 |
Gayle Fitzpatrick Director | Trustee | 8 | $0 |
Susan Bonifield Director | Trustee | 8 | $0 |
Ally Rodriguez Vice President | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Csl Management Llc Management | 6/29/20 | $233,513 |
Finlogic Llc Accounting | 6/29/20 | $387,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,791,491 |
| Investment income | $86,230 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,065,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,236 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,083,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $720 |
| Fees for services: Legal | $549,365 |
| Fees for services: Accounting | $424,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,314 |
| Fees for services: Other | $2,013 |
| Advertising and promotion | $0 |
| Office expenses | $45,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,576,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,139,655 |
| Insurance | $49,772 |
| All other expenses | $0 |
| Total functional expenses | $8,168,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,705,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $747,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,450,753 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $403,056 |
| Net Land, buildings, and equipment | $35,853,325 |
| Investments—publicly traded securities | $2,265,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,425,535 |
| Accounts payable and accrued expenses | $4,539,736 |
| Grants payable | $0 |
| Deferred revenue | $1,569,772 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,864,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,800 |
| Total liabilities | $38,993,533 |
| Net assets without donor restrictions | $18,432,002 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,425,535 |