Omega Psi Phi Fraternity

Organization Overview

Omega Psi Phi Fraternity is located in Decatur, GA. The organization was established in 1953. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 10/2022, Omega Psi Phi Fraternity employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Omega Psi Phi Fraternity 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, Omega Psi Phi Fraternity generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $9.9m during the year ending 10/2022. While expenses have increased by 7.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE FRATERNITY IS TO BRING ABOUT A UNION OF COLLEGE MEN OF SIMILAR HIGH IDEAS OF MANHOOD AND SCHOLARSHIP IN ORDER TO STIMULATE THE ATTAINMENT OF IDEAS AND AMBITIONS OF ITS MEMBERS; OCCUPY A PROGRESSIVE, HELPFUL AND CONSTRUCTIVE PLACE IN POLITICAL LIFE OF THE COMMUNITY AND NATION WITH PERSEVERANCE; FOSTER AND UPLIFT HUMANITY, FREEDOM, AND DIGNITY OF THE INDIVIDUAL; AND AID DOWNTRODDEN HUMANITY IN ITS EFFORTS TO ACHIEVE HIGHER ECONOMIC AND INTELLECTUAL STATUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MINORITY AND DISADVANTAGED LEADERSHIP DEVELOPMENT PROGRAMS. ENCOURAGEMENT FOR MINORITY AND DISADVANTAGED YOUTH TO PURSUE SKILL DEVELOPMENT IN THE FINE ARTS. CONTRIBUTION TO AFRICAN-AMERICAN LIFE AND HISTORY, CIVIC, AND COMMUNITY INVOLVEMENT AND ASSAULT ON ILLITERACY PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Ricky L Lewis
1st Vice Basileus
$0
Caleb Love
2nd Vice Basileus
$0
Johnnie Smith
Keeper Of Finance
$0
Mark Everick Jackson
Keeper Of Records
$0
Benjamin L Crump ESQ
Grand Counselor
$0
Eleualio Abraham
Undergraduate Rep.
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$8,324,268
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$412,967
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,737,235
Total Program Service Revenue$5,066,699
Investment income $119,893
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $32,718
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,895,796

Peer Organizations

Organization NameAssets
Omega Psi Phi Fraternity
Decatur, GA
$14,895,796
Pi Kappa Phi Properties Inc
Charlotte, NC
$10,389,522
Alpha Omicron Pi Fraternity Inc
Brentwood, TN
$8,065,959
Nautilus Management Inc
Memphis, TN
$3,275,750
Alpha Gamma Delta Fraternity
Tuscaloosa, AL
$3,946,434
Kappa Delta Sorority
Tuscaloosa, AL
$5,396,754
The Tau Beta Pi Association Inc
Knoxville, TN
$4,553,297
Alpha Chi Omega Alpha Upsilon House Corporation
Tuscaloosa, AL
$4,689,386
House Board Of Gamma Pi Of Kappa Kappa Gamma
Tuscaloosa, AL
$3,760,825
Gamma Phi Beta Sorority Inc
Tuscaloosa, AL
$3,058,555
Alabama Beta Of Pi Beta Phi House Association Incorporated
Tuscaloosa, AL
$2,813,973
Phi Mu House Corporation
Tuscaloosa, AL
$3,942,485
The Nu Beta Chapter Of The Chi Omega House Association Inc
Tuscaloosa, AL
$4,059,216
Kappa Alpha Order
Tuscaloosa, AL
$2,099,957
Alpha Delta Pi Building Corporation
Tuscaloosa, AL
$2,021,564
Alpha Tau Omega Fraternity
Tuscaloosa, AL
$2,025,351
Pi Kappa Phi Fraternity
Tuscaloosa, AL
$1,962,255
Phi Mu Foundation
Peachtree City, GA
$1,807,623
Beta Theta Pi Fraternity
Tuscaloosa, AL
$1,816,367
Pi Kappa Alpha Fraternity
Tuscaloosa, AL
$1,732,353
Chi Psi Fraternity
Nashville, TN
$1,614,364
Theta Chi Fraternity Inc
Gainesville, FL
$1,695,046
Chi Omega House Corporation Mu Beta Chapter
Athens, GA
$1,397,949
Phi Delta Theta Fraternity
Tuscaloosa, AL
$1,630,881
Kappa Sigma Fraternity
Tuscaloosa, AL
$1,596,195

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