Civic Intelligence

Omega Life Membership Foundation Inc.

990 • Fiscal year 2019 • EIN 22-2608127

Apr 01, 2018 to Mar 31, 2019 • Filed on Aug 27, 2019

PO Box 92882Washington, DC 20090-2882

(202) 544-0937

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-0.5%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,920,185

Up $252,686 (+5.4%) from 2018

Net Assets

Up

$4,920,185

Up $252,686 (+5.4%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$649,762

Down $2,941 (-0.5%) from 2018

Expenses

Up

$509,910

Up $30,210 (+6.3%) from 2018

Net Income

Down

$139,852

Down $33,151 (-19%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,468,997Liabilities 2011: $25,000Net Assets 2011: $3,443,9972011Assets 2012: $3,376,424Liabilities 2012: $125,000Net Assets 2012: $3,251,4242012Assets 2013: $3,393,028Liabilities 2013: $38,422Net Assets 2013: $3,354,6062013Assets 2014: $3,496,617Liabilities 2014: $0Net Assets 2014: $3,496,6172014Assets 2015: $4,082,893Liabilities 2015: $0Net Assets 2015: $4,082,8932015Assets 2016: $4,048,142Liabilities 2016: $0Net Assets 2016: $4,048,1422016Assets 2017: $4,395,843Liabilities 2017: $0Net Assets 2017: $4,395,8432017Assets 2018: $4,667,499Liabilities 2018: $0Net Assets 2018: $4,667,4992018Assets 2019: $4,920,185Liabilities 2019: $0Net Assets 2019: $4,920,1852019Assets 2020: $4,812,455Liabilities 2020: $0Net Assets 2020: $4,812,4552020Assets 2021: $7,350,180Liabilities 2021: $9,999Net Assets 2021: $7,340,1812021Assets 2022: $8,728,215Liabilities 2022: $0Net Assets 2022: $8,728,2152022Assets 2023: $9,109,080Liabilities 2023: $348Net Assets 2023: $9,108,7322023Assets 2024: $11,900,498Liabilities 2024: $0Net Assets 2024: $11,900,4982024Assets 2025: $11,931,235Liabilities 2025: $14,300Net Assets 2025: $11,916,9352025

Highlighted filing

2019

Assets$4,920,185
Liabilities$0
Net Assets$4,920,185

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $317,0802011Expenses 2012: $656,2162012Expenses 2013: $503,6952013Revenue 2014: $484,563Expenses 2014: $398,839Net Income 2014: $85,7242014Revenue 2015: $902,402Expenses 2015: $458,201Net Income 2015: $444,2012015Revenue 2016: $614,296Expenses 2016: $474,716Net Income 2016: $139,5802016Revenue 2017: $633,335Expenses 2017: $506,362Net Income 2017: $126,9732017Revenue 2018: $652,703Expenses 2018: $479,700Net Income 2018: $173,0032018Revenue 2019: $649,762Expenses 2019: $509,910Net Income 2019: $139,8522019Revenue 2020: $835,449Expenses 2020: $496,883Net Income 2020: $338,5662020Revenue 2021: $1,330,874Expenses 2021: $448,814Net Income 2021: $882,0602021Revenue 2022: $2,010,899Expenses 2022: $622,864Net Income 2022: $1,388,0352022Revenue 2023: $1,059,509Expenses 2023: $678,992Net Income 2023: $380,5172023Revenue 2024: $3,640,026Expenses 2024: $848,260Net Income 2024: $2,791,7662024Revenue 2025: $936,749Expenses 2025: $920,312Net Income 2025: $16,4372025

Highlighted filing

2019

Revenue$649,762
Expenses$509,910
Net Income$139,852
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Aug 27, 2019
Return Version
2018v3.1
Gross Receipts
$1,628,733
Mission and Program Overview

Mission

The organization provides grants to nonprofit organizations to build strengths of students and focus on the areas in which academic deficiencies may be improved.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,295,700$4,436,053▲ $140,353
Cash and Non-Interest-Bearing Accounts$371,799$483,584▲ $111,785
Land, Buildings, and Equipment, Net-$548-
Total Assets$4,667,499$4,920,185▲ $252,686
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$4,667,499$4,920,185▲ $252,686
Total Net Assets Fund Balance$4,667,499$4,920,185▲ $252,686
Total Liabilities and Net Assets / Fund Balance$4,667,499$4,920,185▲ $252,686

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$548$182$730

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,295,700-▲ $140,353-$4,436,053
2017$3,854,189-▲ $441,511-$4,295,700
2016$3,520,786-▲ $420,338-$3,854,189
2015$3,489,074$211,338▼ $23,703-$3,520,786
2014$3,316,752$628,600▲ $260,667-$3,489,074
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$485,708
Program Service Revenue
$18,432
Investment Income
$143,983
Other Revenue
$1,639
All Other Contributions
$485,342
Change in Net Assets
$139,852

Audited Revenue Reconciliation

Revenue per Audited Statements
$649,762
Revenue Not Reported on Form 990
$112,834
Total Revenue per Audited Statements
$762,596
Total Revenue per Form 990
$649,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$265,388
Other Expenses$244,522
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$141,000--$141,000
Grants to Domestic Orgs$124,388--$124,388
Conferences and Meetings-$110,735-$110,735
Fees for Service Investment Mgmnt Fees$19,471$21,804-$41,275
Insurance-$4,861-$4,861
Travel-$4,356-$4,356
Office Expenses-$4,184-$4,184
Other Expenses$4,500$1,388-$1,388
Advertising-$1,194-$1,194
All Other Expenses-$1,014-$1,014
Depreciation Depletion-$182-$182
Total Functional Expenses$335,026$174,884$0$509,910

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,910
Total Expenses per Audited Statements$509,910
Total Expenses per Form 990$509,910
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Omega Psi Phi Fraternity IncDecatur, GA-Leadership Developme$58,000
AsalhWashington, DC-Community Developmen$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Larry brown kenneth brown exec. Direct board chair brother

Form 990, Page 6, Part VI, Line 7B

Changes to the bylaws are reserved for the members of the organization.

Form 990, Page 6, Part VI, Line 11B

A copy of the 990 return is provided to the board prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Annual signed assertion from each director indicating that no conflicts exist, and that should a potential conflict arise during the course of the year that the director will notify the chairman and that they themselves would recuse themselves from any deliberation on said matter.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Omega Life Membership Foundation
EIN
22-2608127
Phone
2025440937
Address
PO BOX 92882, WASHINGTON, DC 20090-2882

Signing Officer

Name
Kenneth Brown
Title
Chair
Phone
3237797770
Signed
2019-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Brown
Formed
1984
Legal Domicile
Dc
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Bruno & Tervalon Llp Cpas
Address
4298 ELYSIAN FIELDS AVE, NEW ORLEANS, LA 70122
Preparer
Waldo J Moret Jr
Phone
5042848733
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1LICENSES AND PERMITS
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc3TAXES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21388
IRS990/OtherExpensesGrp/ProgramServicesAmt020667
IRS990/OtherExpensesGrp/ProgramServicesAmt125000
IRS990/OtherExpensesGrp/ProgramServicesAmt24500
IRS990/OtherExpensesGrp/TotalAmt041333
IRS990/OtherExpensesGrp/TotalAmt125000
IRS990/OtherExpensesGrp/TotalAmt29000
IRS990/OtherExpensesGrp/TotalAmt31388
IRS990/OtherRevenueMiscGrp/Desc0OTHER
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IRS990/OtherRevenueTotalAmt01639
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENNETH BROWN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
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IRS990/ProgramServiceRevenueGrp/Desc1PIN INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11875
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IRS990/PYContributionsGrantsAmt0366290
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0286985
IRS990/PYInvestmentIncomeAmt0277476
IRS990/PYOtherExpensesAmt0192715
IRS990/PYProgramServiceRevenueAmt08937
IRS990/PYRevenuesLessExpensesAmt0173003
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IRS990/PYTotalRevenueAmt0652703
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0139852
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018432
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0485708
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0366290
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0167261
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0175073
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0850422
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt020071
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt056527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt019857
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt026619
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0132011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0178272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0167261
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0175073
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IRS990ScheduleA/InvestmentIncomeCYPct00.26000
IRS990ScheduleA/InvestmentIncomePYPct00.30000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.74310
IRS990ScheduleA/PublicSupportPY509Pct00.70150
IRS990ScheduleA/PublicSupportTotal509Amt02459683
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0375227
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0433725
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0463668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0681284
IRS990ScheduleA/Total509Grp/TotalAmt02459683
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0684051
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0542488
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0542423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0638741
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0902402
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03310105
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04436053
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0140353
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03854189
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04295700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0441511
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03520786
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03854189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt086935
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0420338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03489074
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0211338
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03520786
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0155923
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-23703
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03316752
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0628600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03489074
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0716945
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0260667
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0548
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0182
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0730
IRS990ScheduleD/ExpensesSubtotalAmt0509910
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0112834
IRS990ScheduleD/RevenueNotReportedAmt0112834
IRS990ScheduleD/RevenueSubtotalAmt0649762
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0548
IRS990ScheduleD/TotalExpensesPerForm990Amt0509910
IRS990ScheduleD/TotalRevenuePerForm990Amt0649762

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.9$0.01$11.9$0.94$0.92$0.02
2024Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$3.64$0.85$2.79
2023Detailed filing. Detailed filing data is available for this year.$9.11$0.00$9.11$1.06$0.68$0.38
2022Detailed filing. Detailed filing data is available for this year.$8.73$0.00$8.73$2.01$0.62$1.39
2021Detailed filing. Detailed filing data is available for this year.$7.35$0.01$7.34$1.33$0.45$0.88
2020Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.84$0.50$0.34
2019Detailed filing. Detailed filing data is available for this year.$4.92$0.00$4.92$0.65$0.51$0.14
2018Detailed filing. Detailed filing data is available for this year.$4.67$0.00$4.67$0.65$0.48$0.17
2017Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.63$0.51$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$0.61$0.47$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$0.90$0.46$0.44
2014Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.48$0.40$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$0.04$3.35$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.38$0.13$3.25$0.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.03$3.44$0.32