Order Of Omega National Office
- Assets
- $1.9m
- Revenue
- $607.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Arlington, TX
- Founding
- 09/2003
- Data as of
- 08/2022
- EIN
- 75-2162127
Organization Overview
Order Of Omega National Office is located in Arlington, TX. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2022, Order Of Omega National Office employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Order Of Omega National Office 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 08/2022, Order Of Omega National Office generated $607.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $608.1k during the year ending 08/2022. 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
TO RECOGNIZE OUTSTANDING FRATERNITY & SORORITY GREEK LEADERS FOR THEIR LEADERSHIP AND SERVICE AND ISSUE SCHOLARSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL AND REGIONAL MEETINGS AND CONFERENCES TO MEET WITH CHAPTER ADVISORS AND STUDENT LEADERS. AIDS IN THE RECRUITMENT AND RETENTION OF CHAPTERS AND MEMBERS.
MEMBER DEVELOPMENT: MEMBERSHIP PINS & CERTIFICATES, GRADUATION REGALIA AND CHAPTER DEVELOPMENT CASE STUDY COMPETITIONS, SPECIAL RECOGNITION & LEADERSHIP MATERIALS.
SCHOLARSHIPS FOR UNDERGRADUATE MEMBERS AND FELLOWSHIPS FOR MASTER & DOCTORAL STUDENTS INVOLVED WITH ORDER OF OMEGA
EDUCATIONAL INITIATIVE - POSTER CONTEST GRANTS TO ACTIVE CHAPTER TO ASSIST WITH CAMPUS AND COMMUNITY PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Sorensen Executive Dir | Officer | 40 | $82,153 |
Dr Kent Gardner Dir Emeritus | Officer | 40 | $70,575 |
Seth Ressl Assoc Exec Dir. | Officer | 5 | $13,000 |
Dr Howard M Farrell Treasurer | OfficerTrustee | 2 | $0 |
Reatha Cox Vice President | OfficerTrustee | 2 | $0 |
Dr David L Grady President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $405,292 |
| Fundraising events | $150 |
| Related organizations | $0 |
| Government grants | $58,432 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,531 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,405 |
| Total Program Service Revenue | $0 |
| Investment income | $40,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57 |
| 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 | $607,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,025 |
| 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. | $165,728 |
| Compensation of current officers, directors, key employees. | $33,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,747 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,637 |
| Payroll taxes | $12,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,837 |
| Office expenses | $9,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,467 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,871 |
| Insurance | $8,639 |
| All other expenses | $0 |
| Total functional expenses | $608,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,334 |
| Savings and temporary cash investments | $215,506 |
| 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 | $48,361 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $168,874 |
| Investments—publicly traded securities | $1,224,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,872,908 |
| 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 | $0 |
| 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 | $1,872,908 |
| Total liabilities and net assets/fund balances | $1,872,908 |
Endowment Analysis
| Beg. Balance | $109,565 |
| Grants | $1,000 |
| Ending Balance | $108,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |