Omega Psi Phi Fraternity Inc

990EZ • Fiscal year 2021 • EIN 26-3331207

Nov 01, 2020 to Oct 31, 2021 • Filed on Jul 30, 2022

Organization Profile N/A

PO Box 88097Atlanta, GA 30356

(770) 558-3825

Siviq Scores

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

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

-57%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

-13%

Faster asset growth than 19% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2021

-36%

Faster revenue growth than 17% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2021

Balance Sheet

Liabilities / Assets59th percentile

Assets

Down

$93,764

Down $28,858 (-24%) from 2019

Net Assets

Down

$93,236

Down $26,858 (-22%) from 2019

Liabilities

Down

$528

Down $2,000 (-79%) from 2019

Revenue And Expenses

Liabilities / Revenue59th percentile Net Margin7th percentile

Revenue

Down

$48,504

Down $70,765 (-59%) from 2019

Expenses

Down

$76,157

Down $18,603 (-20%) from 2019

Net Income

Down

-$27,653

Down $52,162 (-213%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

Highlighted filing

2021

Assets$93,764

Liabilities$528

Net Assets$93,236

Open 2021 Filing

Operations Trend

Revenue Growth17th percentile

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

Highlighted filing

2021

Revenue$48,504

Expenses$76,157

Net Income-$27,653

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Nov 1, 2020 to Oct 31, 2021
Signed: Jul 30, 2022
Return Version: 2020v4.0
Gross Receipts: $48,504

Mission and Program Overview

Mission

To bring about a union of college men of similary high ideas of scholarship and manhood in order to stimulate the attainment of ideas and ambitions of its members; occupy a progressive, helpful and constructive place in the life of the community.

Program Services

Description	Grants	Expenses
MINORITY AND DISADVANTAGED LEADERSHIP PROGRAMS. ENCOURAGEMENT FOR MINORITY AND DISADVANTAGED YOUTH TO PURSUE SKILL DEVELOPMENT IN THE FINE ARTS. CONTRIBUTION TO AFRICAN-AMERICAN LIFE AND HISTORY; CIVIC COMMUNITY INVOLVEMENT.	-	-
YEAR END BANQUET TO HONOR THE MEMBERS OF THE CHAPTER AND COMMUNITY AT LARGE.	-	-
EXPENSES FOR THE MULTIPLE STATE, DISTRICT AND NATIONAL MEETINGS DURING THE YEAR.	-	-

Compensation and Service Providers

Top Officer Pay93rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
SEAN MACK	President	-	$0	-	-
TIMOTHY BROWN	Treasurer	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Omega Psi Phi Fraternity Inc
EIN: 26-3331207
Phone: 7705583825
Address: PO BOX 88097, ATLANTA, GA 30356

Signing Officer

Name: Timothy Brown
Title: Treasurer
Phone: 7704982333
Signed: 2022-07-30
Discuss with paid preparer: Yes

Preparer

Firm: Timothy E Brown CPA LLC
Address: 2310 PARKLAKE DR STE 180, ATLANTA, GA 30345
Preparer: Timothy E Brown CPA
Phone: 7705583825

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses district/state/chapter meetin 4,117 2,279 scholarships 38,250 bank fees 2,269 software 4,915 fees 193 achievement weeks expense 3,695 operational expenses 4,778 postage and shipping 7,297 total 67,793”

Form 990-ez, Part II, Line 24

“Due from commitment to excellence 4,494 11,812 prepaid expenses and deferred charges 0 5,903 total 4,494 17,715”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 979 528 scholarships 9,687 0”

Form 990-ez, Part III

“To bring about a union of college men of similary high ideas of scholarship and manhood in order to stimulate the attainment of ideas and ambitions of its members; occupy a progressive, helpful and constructive place in the life of the community.”

Form 990-ez, Part III, Line 28

“Minority and disadvantaged leadership programs. Encouragement for minority and disadvantaged youth to pursue skill development in the fine arts. Contribution to african-american life and history; civic community involvement.”

Raw XML Appendix107 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
CompensationExplanation/CompensationExplanationGrp/PersonNm	0	SEAN MACK
CompensationExplanation/CompensationExplanationGrp/PersonNm	1	TIMOTHY BROWN
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	TIMOTHY BROWN
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	7705583825
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	7532 STONEBRIDGE BAY COURT
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	STONE MOUNTAIN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	GA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	30087
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	127061
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	76049
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	48425
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-27653
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1275
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	131555
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	93764
IRS990EZ/GrossReceiptsAmt	0	48504
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	79
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	120889
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	93236
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	120889
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	93236
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	7089
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	SEAN MACK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	TIMOTHY BROWN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	4494
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	17715
IRS990EZ/OtherExpensesTotalAmt	0	67793
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO BRING ABOUT A UNION OF COLLEGE MEN OF SIMILARY HIGH IDEAS OF SCHOLARSHIP AND MANHOOD IN ORDER TO STIMULATE THE ATTAINMENT OF IDEAS AND AMBITIONS OF ITS MEMBERS; OCCUPY A PROGRESSIVE, HELPFUL AND CONSTRUCTIVE PLACE IN THE LIFE OF THE COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	MINORITY AND DISADVANTAGED LEADERSHIP PROGRAMS. ENCOURAGEMENT FOR MINORITY AND DISADVANTAGED YOUTH TO PURSUE SKILL DEVELOPMENT IN THE FINE ARTS. CONTRIBUTION TO AFRICAN-AMERICAN LIFE AND HISTORY; CIVIC COMMUNITY INVOLVEMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	YEAR END BANQUET TO HONOR THE MEMBERS OF THE CHAPTER AND COMMUNITY AT LARGE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	2	EXPENSES FOR THE MULTIPLE STATE, DISTRICT AND NATIONAL MEETINGS DURING THE YEAR.
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	10666
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	528
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	76157
IRS990EZ/TotalRevenueAmt	0	48504
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	EXPENSES DISTRICT/STATE/CHAPTER MEETIN 4,117 2,279 SCHOLARSHIPS 38,250 BANK FEES 2,269 SOFTWARE 4,915 FEES 193 ACHIEVEMENT WEEKS EXPENSE 3,695 OPERATIONAL EXPENSES 4,778 POSTAGE AND SHIPPING 7,297 TOTAL 67,793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DUE FROM COMMITMENT TO EXCELLENCE 4,494 11,812 PREPAID EXPENSES AND DEFERRED CHARGES 0 5,903 TOTAL 4,494 17,715
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 979 528 SCHOLARSHIPS 9,687 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	TO BRING ABOUT A UNION OF COLLEGE MEN OF SIMILARY HIGH IDEAS OF SCHOLARSHIP AND MANHOOD IN ORDER TO STIMULATE THE ATTAINMENT OF IDEAS AND AMBITIONS OF ITS MEMBERS; OCCUPY A PROGRESSIVE, HELPFUL AND CONSTRUCTIVE PLACE IN THE LIFE OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	MINORITY AND DISADVANTAGED LEADERSHIP PROGRAMS. ENCOURAGEMENT FOR MINORITY AND DISADVANTAGED YOUTH TO PURSUE SKILL DEVELOPMENT IN THE FINE ARTS. CONTRIBUTION TO AFRICAN-AMERICAN LIFE AND HISTORY; CIVIC COMMUNITY INVOLVEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	TIMOTHY BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	7704982333
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	OMEGA PSI PHI FRATERNITY INC
ReturnHeader/Filer/BusinessNameControlTxt	0	OMEG
ReturnHeader/Filer/EIN	0	263331207
ReturnHeader/Filer/PhoneNum	0	7705583825
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 88097
ReturnHeader/Filer/USAddress/CityNm	0	ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	GA
ReturnHeader/Filer/USAddress/ZIPCd	0	30356
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	582642509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	TIMOTHY E BROWN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2310 PARKLAKE DR STE 180
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	30345
ReturnHeader/PreparerPersonGrp/PhoneNum	0	7705583825
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-08-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	TIMOTHY E BROWN CPA
ReturnHeader/ReturnTs	0	2022-08-01T14:11:10-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	BROWN
ReturnHeader/TaxPeriodBeginDt	0	2020-11-01
ReturnHeader/TaxPeriodEndDt	0	2021-10-31
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $93,764
Liabilities: $528
Net assets: $93,236
Revenue: $48,504
Expenses: $76,157
Net income: -$27,653

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.10	$0.32	$0.77	$1.35	$1.31	$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.31	$0.70	$0.61	$1.61	$1.69	$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.84	$0.16	$0.68	$1.37	$1.56	$0.19
2021Detailed filing. Detailed filing data is available for this year.	$0.94	$0.01	$0.93	$0.49	$0.76	$0.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.23	$0.03	$1.20	$1.19	$0.95	$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.21	$0.25	$0.96	$1.19	$0.89	$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.80	$0.14	$0.66	$1.28	$0.84	$0.44
2016Detailed filing. Detailed filing data is available for this year.	$0.59	$0.37	$0.22	$0.55	$0.65	$0.10
2015Detailed filing. Detailed filing data is available for this year.	$0.46	$0.15	$0.32	$0.51	$0.36	$0.15