Omega Psi Phi Fraternity is located in Missouri City, TX. 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 $98.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $36.3k during the year ending 12/2021. 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
SCHOLARSHIP AWARDS - HIGH SCHOOL ESSAY SCHOLARSHIPS ARE AWARDED ANNUALLY DURING THE SPRING TO GRADUATING SENIORS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dalton Hughes President | 15 | $0 | |
Duriel Lucas Vice President | 15 | $0 | |
Lester Williams Secretary | 15 | $0 | |
Niko Richey Treasurer | 15 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,667 |
| Total Program Service Revenue | $0 |
| Membership dues | $85,339 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,758 |
| Total Revenue | $98,764 |
| 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 | $98 |
| Other expenses | $23,810 |
| Total expenses | $36,281 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,349 |
| Other assets | $0 |
| Total assets | $147,244 |
| Total liabilities | $0 |
| Net assets or fund balances | $147,244 |