Omicron Delta Kappa Society And Educational Foundation Inc
- Assets
- $3.9m
- Revenue
- $1.5m
- Investments
- $35.0k
- Employees
- 13
- Location
- Lexington, VA
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 61-1216165
Organization Overview
Omicron Delta Kappa Society And Educational Foundation Inc is located in Lexington, VA. The organization was established in 1992. 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 06/2022, Omicron Delta Kappa Society And Educational Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omicron Delta Kappa Society And Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Omicron Delta Kappa Society And Educational Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 3.8% 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
OMICRON DELTA KAPPA IS A LEADERSHIP HONOR SOCIETY WHICH RECOGNIZES AND ENCOURAGES EXEMPLARY CHARACTER, RESPONSIBLE LEADERSHIP AND SERVICE, SUPERIOR SCHOLARSHIP, GENUINE FELLOWSHIP AND THE PROMOTION OF DEMOCRATIC IDEALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS
CONFERENCES & MEETINGS---IN ADDITION TO THE BOARD OF TRUSTEES, OMICRON DELTA KAPPA BENEFITS FROM THE ACTIVITIES OF A STUDENT ADVISORY BOARD. CONFERENCES AND MEETINGS FACILITATE THE IMPLEMENTATION OF THE ADOPTED LONG RANGE PLAN WHICH HAS AS ITS GOALS 1) INCREASE MEMBERSHIP AND ENHANCE MEMBER PARTICIPATION 2) ADVANCE LEADERSHIP EDUCATION 3) DEVELOP STRATEGIC ALLIANCES 4) STRENGTHEN AND ENHANCE PROGRAMS 5) DIVERSIFY AND INCREASE REVENUE 6) RECRUIT AND RETAIN PERSONNEL AND VOLUNTEERS AND 7) INCREASE CHARITABLE RESOURCES.
VISITATION AND SUPPORT TO "CIRCLES" AT INDIVIDUAL COLLEGES AND UNIVERSITIES INCLUDING THE INITIATION AND RECOGNITION OF NEW MEMBERS. THE PROGRAM IS PARTICULARLY ATTENTIVE TO CIRCLES THAT ARE AT RISK OR DECLINING IN ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara S Singer President And CEO | Officer | 40 | $140,000 |
Sandra B Thurmond Board Chair | OfficerTrustee | 2 | $0 |
Jessica E Mcclain National Treasurer | OfficerTrustee | 2 | $0 |
Gregory R Singleton Faculty/staff Trustee | OfficerTrustee | 2 | $0 |
Ryan L Upshaw Faculty/staff Trustee | Trustee | 2 | $0 |
Melissa M Cancio Immediate Past National Student Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $556,792 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $562,326 |
| Noncash contributions included in lines 1a–1f | $5,638 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,119,118 |
| Total Program Service Revenue | $61,500 |
| Investment income | $67,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $34,692 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $44,918 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,527,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,708 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,741 |
| Compensation of current officers, directors, key employees. | $37,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,264 |
| Pension plan accruals and contributions | $51,875 |
| Other employee benefits | $95,446 |
| Payroll taxes | $43,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,507 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,070 |
| Fees for services: Other | $23,572 |
| Advertising and promotion | $23,529 |
| Office expenses | $4,206 |
| Information technology | $64,057 |
| Royalties | $0 |
| Occupancy | $13,492 |
| Travel | $36,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,501 |
| Interest | $273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,128 |
| Insurance | $67,840 |
| All other expenses | $9,235 |
| Total functional expenses | $1,337,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,801 |
| Savings and temporary cash investments | $150,030 |
| Pledges and grants receivable | $261,702 |
| Accounts receivable, net | $14,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,704 |
| Prepaid expenses and deferred charges | $82,546 |
| Net Land, buildings, and equipment | $486,149 |
| Investments—publicly traded securities | $2,596,442 |
| Investments—other securities | $35,039 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,864,125 |
| Accounts payable and accrued expenses | $159,916 |
| Grants payable | $0 |
| Deferred revenue | $1,384 |
| 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 | $10,815 |
| Other liabilities | $0 |
| Total liabilities | $172,115 |
| Net assets without donor restrictions | $1,756,588 |
| Net assets with donor restrictions | $1,935,422 |
| 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 | $3,864,125 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Omicron Delta Kappa Society And Educational Foundation Inc has recieved totaling $56,641.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,761 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $8,508 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $5,150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $122 |
Patterson Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100 |
Endowment Analysis
| Beg. Balance | $2,845,436 |
| Earnings | -$355,315 |
| Net Contributions | $141,360 |
| Ending Balance | $2,631,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weachieve Inc Silver Spring, MD | $15,012,410 | $16,647,397 |
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Phi Beta Kappa Society Washington, DC | $4,794,114 | $5,810,818 |
Zeta Phi Beta Sorority Inc Washington, DC | $20,915,125 | $7,582,963 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Beta Sigma Fraternity Inc Washington, DC | $7,959,473 | $5,690,900 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |