Second District - Omega Psi Phi Fraternity Inc
- Assets
- $257.3k
- Revenue
- $596.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Accokeek, MD
- Founding
- Data as of
- 10/2022
- EIN
- 52-1584561
Organization Overview
Second District - Omega Psi Phi Fraternity Inc is located in Accokeek, MD. Second District - Omega Psi Phi 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 10/2022, Second District - Omega Psi Phi Fraternity Inc generated $596.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $555.5k during the year ending 10/2022. While expenses have increased by 18.5% 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
THE SECOND DISTRICT OF THE OMEGA PSI PHI FRATERNITY, INC.'S MISSION IS TO PROVIDE AND PROMOTE PROGRAMS OF SOCIAL, CULTURAL AND ECONOMIC UPLIFT TO THE COMMUNITIES IN THE NY, NJ PA, DE AND MD AREAS. WE PROVIDE MENTORING AND FINANCIAL SUPPORT TO YOUNG MEN IN COLLEGE IN ORDER TO AID IN THE DEVELOPMENT OF LEADERS FOR ROLES IN HUMAN SERVICE ARENA. THIS MISSION IS ACCOMPLISHED THROUGH TRAINING PROGRAMS, SCHOLARSHIP AWARDS AND SOCIAL ACTION PROGRAMS CONDUCTED IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED 25 SCHOLARSHIPS RANGING FROM $1,000 UP TO $3,500 TO HIGH SCHOOL AND COLLEGE STUDENTS WHO DISTINGUISHED THEMSELVES AS LEADERS OF TODAY AND WERE EXCELLING TO BE LEADERS OF TOMORROW. THE AWARD IS A YEARLY PROGRAM CONDUCTED ACROSS TO THE SECOND DISTRICT IN THE STATES OF NY, NJ, PA, DE AND MD. TOTAL SCHOLARSHIPS AND AWARDS TOTALED $44,627
AN ANNUAL TALENT HUNT PROGRAM IS FACILITATED TO SHOWCASE THE TALENTS AND SKILLS OF THE AMERICAN YOUTH IN HIGH SCHOOL. THE GOAL OF THE PROGRAM IS TO DISCOVER AND PROVIDE ASSISTANCE TO YOUNG PEOPLE WHO POSSESS TALENTS OF OUTSTANDING AND EXCEPTIONAL QUALITY IN THE PERFORMING ARTS. TOTAL AMOUNT AWARDED $16,523.
THE SOCIAL ACTION PROGRAM PROVIDES SUPPORT TO PROGRAMS WITHIN THE HUMAN SERVICES ARENA THAT PROVIDE COUNSELING, AID, SUPPORT AND CONDUCT AWARENESS EFFORTS IN SOCIALLY DEPRIVED NEIGHBORHOODS AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Long Chief Of Staff | Officer | 10 | $0 |
Skip Blackburn District Marshall | Officer | 10 | $0 |
Delrecole Gales District Representative | Officer | 10 | $0 |
Amir Shareef 1st Vice District Representative | Officer | 10 | $0 |
Waverly Debraux III District Keeper Of Records And Seals | Officer | 12 | $0 |
Dr Daniel Ebb District Keeper Of Finance | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $206,288 |
| Fundraising events | $199,062 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $596,773 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,842 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $8,740 |
| 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 | $5,694 |
| Interest | $0 |
| Payments to affiliates | $145,799 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,208 |
| All other expenses | $255,807 |
| Total functional expenses | $555,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,277 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,277 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $257,277 |
| 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 | $257,277 |
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