Omega Psi Phi Fraternity
- Assets
- $81.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/1953
- Data as of
- 10/2023
- EIN
- 54-1492819
Organization Overview
Omega Psi Phi Fraternity is located in Alexandria, VA. 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 10/2023, Omega Psi Phi Fraternity generated $69.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $113.9k during the year ending 10/2023. While expenses have increased by 23.3% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PSI ALPHA ALPHA PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE READING FOR SUCCESS, MANUP, ADOPT-A-HIGHWAY, CAPITAL AREA FOOD BANK, HEALTH FAIRS, WALKS, RUNS, AND REBUILDING TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Mcdaniels Basileus (president) | 21 | $0 | |
Ray Buckner Vice Basileus (vice President) | 17 | $0 | |
James Cherry III Keeper Of Records And Seal (secretary) | 17 | $0 | |
Chester Keller Keeper Of Finance (treasurer) | 17 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $19,970 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,619 |
| Other Revenue | $17,996 |
| Total Revenue | $69,585 |
| 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 | $113,914 |
| Total expenses | $113,914 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,504 |
| Other assets | $0 |
| Total assets | $81,504 |
| Total liabilities | $0 |
| Net assets or fund balances | $81,504 |