Omicron Lambda Chapter Alpha Phi Alpha Education Foundation Inc
- Assets
- $72.8k
- Revenue
- $26.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 58-2089794
Organization Overview
Omicron Lambda Chapter Alpha Phi Alpha Education Foundation Inc is located in Birmingham, AL. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Omicron Lambda Chapter Alpha Phi Alpha Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Omicron Lambda Chapter Alpha Phi Alpha Education Foundation Inc generated $26.6k 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 (13.7%) each year. All expenses for the organization totaled $15.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 HEALTH AWARENESS & MENTORING PROGRAM: THIS PROGRAM ADDRESSES VARIOUS ISSUES SUCH AS DIABETES, HYPERTENSION, AND MENTAL HEALTH, EMPHASIZING PREVENTION AND HEALTHY LIVING
MLK ORATORICAL PROGRAM: THIS PROGRAM FOCUSES ON THE DEVELOPMENT OF PUBLIC SPEAKING WHICH WILL ENHANCE SELF-CONFIDENCE, AND PERSONAL & PROFESSIONAL GROWTH
SCHOLARSHIPS PAID TO 11 INDIVIDUALS TO HELP FUND THEIR COLLEGE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elias Hendrick Chairman | 10 | $0 | |
Cedric Burton Secretary | 5 | $0 | |
Al Netter Treasurer | 5 | $0 | |
Freddie Freeman Member | 1 | $0 | |
Paul Simmons Member | 1 | $0 | |
Jermane Jolly Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,638 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,875 |
| Total operating and administrative expenses | $3,875 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $15,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,761 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $72,761 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Omicron Lambda Chapter Alpha Phi Alpha Education Foundation Inc has awarded $12,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MARKELLE SCOTT PURPOSE: TO HELP PAY COLLEGE EXPENSES | $2,500 |
JONATHAN ALLEN PURPOSE: TO HELP PAY COLLEGE EXPENSES | $1,500 |
DUANE CARTER PURPOSE: TO HELP PAY COLLEGE EXPENSES | $1,000 |
SIMEON WILLIAMS PURPOSE: TO HELP PAY COLLEGE EXPENSES | $1,000 |
RYAN DEBROW PURPOSE: TO HELP PAY COLLEGE EXPENSES | $1,000 |
CHRISTIAN JOHNSON PURPOSE: TO HELP PAY COLLEGE EXPENSES | $1,000 |