Omega Alpha Elder Association Of Zeta Psi
- Assets
- $741.5k
- Revenue
- $78.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2018
- Data as of
- 09/2022
- EIN
- 82-1997806
Organization Overview
Omega Alpha Elder Association Of Zeta Psi is located in Chicago, IL. The organization was established in 2018. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Omega Alpha Elder Association Of Zeta Psi is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Omega Alpha Elder Association Of Zeta Psi generated $78.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $70.2k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 4 years. 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
FOSTER MENTORSHIP AND INTERACTION BETWEEN UNIVERSITY ALUMNI AND UNDERGRADUATES TO FACILITATE CAREER GUIDANCE. ORGANIZE PHILANTHROPIC ACTIVITES BETWEEN MEMBERS AND THE LOCAL UNIVERSITY COMMUNITY. MAINTAIN HOUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE MAINTAINED A CLUB HOUSE FOR EVENTS, STUDYING, AND GENERAL RECREATION OF FOUR MEMBERS. IN ADDITION, WE MAINTAINED LODGING IN THIS HOUSE FOR FOUR MEMBERS. WE WERE ABLE TO PROVIDE THIS FOR THE ENTIRE YEAR WITHOUT INTERRUPTION. THE GOAL OF THIS IS TO ENSURE MEMBERS HAVE A LOCATION TO SPEND TIME TOGETHER, HOLD MEETINGS, AND HOST EVENTS FOR MEMBERS.
WE COLLECTED MEMBERSHIP DUES AND POOLED THEM IN THE PURSUIT OF SUPPORTING PHILANTHROPY AS WELL AS HOSTING MEMBER-ONLY SOCIAL EVENTS. WE MAINTAINED AROUND SIXTY MEMBERS OVER THE YEAR. WE HOPE THAT SUPPORTING PHILANTHROPY EVENTS AND HOSTING MEMBER-ONLY EVENTS SERVES TO BETTER BOND OUR MEMBERS IN SOCIAL PURSUITS AS WELL AS ADVANCE CHARITABLE CAUSES. MEMBERSHIP NUMBER IS AN ESTIMATE OF THE AVERAGE OVER THE YEAR, AS ACTIVE NUMBERS ON CAMPUS CHANGE WITH MEMBERS GRADUATING OR MOVING AWAY. DONATION AMOUNT IS REFLECTIVE OF CLEAR SPENDING BY THE ORGANIZATION, AND DOES NOT REFLECT THE LABOR AND ADDITIONAL DONATIONS MADE BY OUR MEMBERS ON THEIR PERSONAL VOLITION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar Martinez Individual Director, Officer Secretary, President | OfficerTrustee | 1 | $0 |
Itai Fruchter Individual Director | Trustee | 1 | $0 |
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 | $78,096 |
| 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 | $78,096 |
| 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 | $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 | $540 |
| Information technology | $731 |
| Royalties | $0 |
| Occupancy | $53,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,837 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $70,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,922 |
| 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 | $738,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $741,500 |
| 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 | $759,885 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $759,885 |
| Net assets without donor restrictions | -$18,385 |
| 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 | $741,500 |
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Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
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Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |