Omega Psi Phi Fraternity Inc
- Assets
- $421.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 01/1953
- Data as of
- 10/2021
- EIN
- 91-1631300
Organization Overview
Omega Psi Phi Fraternity Inc is located in El Segundo, CA. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. 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 10/2021, Omega Psi Phi Fraternity Inc generated $106.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $48.8k during the year ending 10/2021. While expenses have increased by 2.2% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwame Dow District Representative | 20 | $0 | |
Andrew Davis 1st Vice District Representative | 20 | $0 | |
Nicholas Thompson Keeper Of Records And Seal | 20 | $0 | |
William Earl Edwards District Counselor | 20 | $0 | |
Raphael Irving Keeper Of Finance | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,985 |
| Total Program Service Revenue | $0 |
| Membership dues | $95,470 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,455 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $48,838 |
| Total expenses | $48,838 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $404,080 |
| Other assets | $0 |
| Total assets | $421,520 |
| Total liabilities | $252,092 |
| Net assets or fund balances | $169,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Of San Francisco State College San Francisco, CA | $23,679,804 | $8,027,384 |
Alpha Phi Chapter House Of Corporation Of Bloomington Elk Grove, CA | $3,111,091 | $1,023,375 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $361,437 | $1,345,397 |
Beta Epsilon Building Co Of Tucon Elk Grove, CA | $6,120,768 | $1,323,685 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $366,816 | $1,179,925 |
Sigma Chi Fraternity Los Angeles, CA | $71,931 | $1,167,550 |
Chi Omega Fraternity Berkeley, CA | $1,735,901 | $1,318,431 |
Zeta Beta Tau Fraternity Los Angeles, CA | $48,266 | $1,130,445 |
Gamma Phi Beta Sorority Inc Tucson, AZ | $2,331,775 | $1,120,697 |
Chi Omega House Corp Tucson, AZ | $2,622,204 | $1,280,098 |
Alpha Phi International Fraternity Elk Grove, CA | $435,880 | $1,113,024 |
Delta Tau House Corporation Encino, CA | $1,215,239 | $20,773 |