Omega Psi Phi Fraternity
- Assets
- $18.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lima, OH
- Founding
- 01/1953
- Data as of
- 12/2021
- EIN
- 91-2025725
Organization Overview
Omega Psi Phi Fraternity is located in Lima, OH. 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 is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Omega Psi Phi Fraternity generated $14.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE LEADERSHIP TRAINING AND SCHOLARSHIPS FOR STUDENTS TO PURSUE SCIENTIFIC AND LITERARY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary W Wilson President | 2 | $0 | |
Jarrett A Thomas Vice President | 2 | $0 | |
Paul Lucas Secretary | 2 | $0 | |
Jessie L Pope Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,255 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,257 |
| 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 | $510 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,962 |
| Total expenses | $7,472 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,156 |
| Other assets | $0 |
| Total assets | $18,156 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Sigma Phi Fraternity Inc Carmel, IN | $4,417,023 | $3,578,190 |
Richmond Property Group Ltd Indianapolis, IN | $27,750,177 | $3,183,592 |
Alpha Kappa Psi Fraternity Noblesville, IN | $11,674,776 | $3,757,716 |