Civic Intelligence

Omicron Association Inc

990 • Fiscal year 2020 • EIN 20-8860589

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 08, 2021

Organization Profile
PO Box 905State College, PA 16804

(814) 883-1778

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Net Margin

41st percentile

1.2%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets10th percentile

Assets

$1,002,739

No earlier filing loaded for comparison.

Net Assets

$1,002,739

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin41st percentile

Revenue

$86,277

No earlier filing loaded for comparison.

Expenses

$85,227

No earlier filing loaded for comparison.

Net Income

$1,050

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2020: $1,002,739Liabilities 2020: $0Net Assets 2020: $1,002,7392020Assets 2021: $1,047,913Liabilities 2021: $0Net Assets 2021: $1,047,9132021Assets 2022: $1,012,051Liabilities 2022: $0Net Assets 2022: $1,012,0512022Assets 2023: $1,054,131Liabilities 2023: $0Net Assets 2023: $1,054,1312023Assets 2024: $1,081,287Liabilities 2024: $0Net Assets 2024: $1,081,2872024Assets 2025: $1,085,014Liabilities 2025: $0Net Assets 2025: $1,085,0142025

Highlighted filing

2020

Assets$1,002,739
Liabilities$0
Net Assets$1,002,739
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2020: $86,277Expenses 2020: $85,227Net Income 2020: $1,0502020Revenue 2021: $92,206Expenses 2021: $98,982Net Income 2021: -$6,7762021Revenue 2022: $109,716Expenses 2022: $112,620Net Income 2022: -$2,9042022Revenue 2023: $102,430Expenses 2023: $90,352Net Income 2023: $12,0782023Revenue 2024: $122,422Expenses 2024: $120,453Net Income 2024: $1,9692024Revenue 2025: $127,031Expenses 2025: $155,491Net Income 2025: -$28,4602025

Highlighted filing

2020

Revenue$86,277
Expenses$85,227
Net Income$1,050
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 8, 2021
Return Version
2020v4.0
Gross Receipts
$86,277
Mission and Program Overview

Mission

The organization has two main functions. The first is to act as the owner of a fraternity house located at 408 East Fairmount Avenue in State College PA 16801. The second is to act as an alumni association for members of the Omicron Chapter of the Phi Kappa Tau Fratermity.

The organization has two main functions. The first is to serve as the owner of a fraternity house located at 408 East fairmount Avenue in Stat ecollege PA 16801. The second function is to serve as an alumni association for members of the Omicron Chapter of the Phi Kappa Tau Fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$540,450$540,450→ $0
Investments in Publicly Traded Securities$325,817$328,712▲ $2,895
Savings and Temporary Cash Investments$117,527$118,577▲ $1,050
Cash and Non-Interest-Bearing Accounts$15,000$15,000→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$998,794$1,002,739▲ $3,945
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$998,794$1,002,739▲ $3,945
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$998,794$1,002,739▲ $3,945
Total Liabilities and Net Assets / Fund Balance$998,794$1,002,739▲ $3,945

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$530,000$0$0
Other Land Buildings$0$0$0
Land$10,450-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Scott SzathmaryChairman
Andrew CecereVice Chairman
David LapinskiSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$85,822
Investment Income
$455
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$1,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$60,939
Insurance---$9,325
Other Expenses---$5,888
Information Technology---$4,950
Office Expenses---$3,125
Fees for Services Legal---$500
Fees for Services Management---$500
Total Functional Expenses$0$0$0$85,227
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All alumni members of the Omicron Chapter of the phi Kappa tau Fraternity are memebr. The current number of members is 800.”

Form 990, Part VI, Section A, Line 7A

“Members of the governing body are elected by the general membership at its annual membership meeting.”

Form 990, Part VI, Section B, Line 11B

“A copy of the annual 990 form is submitted to the governing body prior to submission.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Omicron Association Inc
EIN
20-8860589
Phone
8148831778
Address
PO Box 905, State College, PA 16804

Signing Officer

Name
David Lapinski
Title
Secretary/Treasurer
Phone
8148831778
Signed
2021-04-08

Organization Details

Principal Officer
Scott Szathmary
Formed
1930
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
10
Supplemental Narrative

Financial Statement Notes

Schedule D, Part VI, Line 1A

“Property located at 408 East Fairmount Avenue and 517 South Garner Street State College PA 16801”

Schedule D, Part VI, Line 1B

“Fraternit House located at 408 East Fairmount Avenue and single family residence located at 517 South Garner Street. Both buildings locaed in State college PA 16801.”

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Property located at 408 East Fairmount Avenue and 517 South Garner Street State College PA 16801
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fraternit House located at 408 East Fairmount Avenue and single family residence located at 517 South Garner Street. Both buildings locaed in State college PA 16801.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part VI, Line 1a
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part VI, Line 1b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0540450
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All alumni members of the Omicron Chapter of the phi Kappa tau Fraternity are memebr. The current number of members is 800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the governing body are elected by the general membership at its annual membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the annual 990 form is submitted to the governing body prior to submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0998794
IRS990/TotalAssetsEOYAmt01002739
IRS990/TotalAssetsGrp/BOYAmt0998794
IRS990/TotalAssetsGrp/EOYAmt01002739
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt085227
IRS990/TotalGrossUBIAmt0455
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0998794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01002739
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt071777
IRS990/TotalProgramServiceRevenueAmt085822
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085822
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt086277
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0455
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0998794
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01002739
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02010 8th Street
IRS990/USAddress/CityNm0Washington DC
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020001
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0Initially filed the report as a written rather than electronic. We were unaware that the paper format was no longer permitted.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Lapinski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary/Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08148831778
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Omicron Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0OMIC
ReturnHeader/Filer/EIN0208860589
ReturnHeader/Filer/PhoneNum08148831778
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 905
ReturnHeader/Filer/USAddress/CityNm0State College
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd016804
ReturnHeader/ReturnTs02021-11-27T18:41:10-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,002,739
Liabilities
$0
Net assets
$1,002,739
Revenue
$86,277
Expenses
$85,227
Net income
$1,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.13$0.16$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.12$0.12$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.10$0.09$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.11$0.11$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.09$0.10$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.09$0.09$0.00