Omicron Iota Lambda Foundation Inc
- Assets
- $23.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- Data as of
- 12/2023
- EIN
- 87-2719031
Organization Overview
Omicron Iota Lambda Foundation Inc is located in Columbia, SC. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omicron Iota Lambda 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 Iota Lambda Foundation Inc generated $27.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $17.9k during the year ending 12/2023. 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
THIS YEAR, THE ORGANIZATION CONTRIBUTED FUNDS TO THE MARCH OF DIMES, WE AWARDED FOUR SCHOLARSHIPS TO COLLEGE-BOUND MINORITY MALES AND PROVIDED FUNDING TO SUPPORT THE FRATERNITY'S CONTINUATION OF COMMUNITY SERVICE INITIATIVES NAMELY THE ALPHA ACADEMY MINORITY MALE MENTORSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Wilson President | 2 | $0 | |
Charles Durant Vice President | 2 | $0 | |
Brian Gaines Treasurer | 2 | $0 | |
Edgar Smith Board Member | 2 | $0 | |
Travis Smith Board Member | 2 | $0 | |
Eric Freeman Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,459 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,572 |
| Other Revenue | $0 |
| Total Revenue | $27,031 |
| 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 | $52 |
| Total expenses | $17,908 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,656 |
| Other assets | $0 |
| Total assets | $23,656 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,656 |