Liabilities / Assets
54th percentile
Tied with the lowest-debt nonprofits in its peer group.
Omega Psi Phi Fraternity Inc Psi Phi Chapter
990EZ • Fiscal year 2024 • EIN 56-6083703
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
54th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
74th percentile
Faster asset growth than 74% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Up$103,038
Up $12,800 (+14%) from 2023
Net Assets
Up$103,038
Up $12,800 (+14%) from 2023
Liabilities
Flat$0
Flat from 2023
Revenue And Expenses
Revenue
Up$75,096
Up $1,218 (+1.6%) from 2023
Expenses
Down$72,131
Down $2,754 (-3.7%) from 2023
Net Income
Up$2,965
Up $3,972 (+394%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Nov 1, 2023 to Oct 31, 2024
- Signed
- Mar 25, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $75,096
Mission and Program Overview
Mission
To serve the community of winston salem
Program Services
| Description | Grants | Expenses |
|---|---|---|
| COLLEGE SCHOLARSHIPS TO YOUNG MEN AND WOMEN | $7,312 | - |
| SOCIAL ACTION IN THE COMMUNITY | $6,273 | - |
| ACHIEVEMENT WEEK | $4,782 | - |
| Other program services | $1,108 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CARLOS ROSEBORO | Basileus President | - | $0 | - | - |
| RICHARD WATKINS | Vice Basileus President | - | $0 | - | - |
| BARRY ROUNTREE | Keeper Of Records Sec | - | $0 | - | - |
| JOE BRUINTON | Keeper Of Finance | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| 1 | $20,138 | $20,138 | $7,203 | $12,935 |
| Total Events | $20,138 | $20,138 | $7,203 | $12,935 |
Filing and Contact Details
Filer
- Filer Name
- Omega Psi Phi Fraternity Inc Psi Phi Chapter
- EIN
- 56-6083703
- Address
- P O BOX 21271, Winston Salem, NC 27120-1271
Signing Officer
- Name
- Barry Rountree
- Title
- Keeper of Recor
- Phone
- 3364078908
- Signed
- 2025-03-25
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Westend Associates Inc
- Address
- 116 Lowes Foods Drive Suite 190, Lewisville, NC 27023
- Preparer
- Joseph L Dickson
- Phone
- 3364990911
Supplemental Narrative
Additional Explanations
Description of other revenue Part I line 8
“Description AmountWAKE FOREST CONCESSION SALES 22,000FUNDRAISING-OTHER 92SOCIAL ACTION FEES 261COOKOUT SALES 2,308MISCELLANOUS 433”
List of grants and similar amounts paid Part I line 10
“Activity ACHIEVEMENT WEEK Grantee VARIOUS Street 1 SOUTH MAIN STREET City, State, Zip Winston Salem, NC 27120-1271Relationship NONE Amount 4,782Activity COLLEGE ENDOWMENT Grantee WINSTON SALEM URBAN LEAGUE Street 4TH STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 515Activity COLLEGE SCHOLARSHIPS Grantee VARIOUS YOUNG MEN AND WOMEN Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 7,312Activity SOCIAL ACTION Grantee VARIOUS Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 6,273Activity TALENT HUNT IN THE COMMUNITY Grantee VARIOUS Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 593”
Description of other expenses Part I line 16
“Description AmountDISTRICT DUES 3,010NATIONAL DUES 6,007KRS DUES 130PAN HELLENIC COUNCIL 650DISTRICT TALENT HUNT ASSESSMENTS 200DISTRICT UNDERGRADUATE ASSESSMENT 125DISTRICT COUNCIL MEETING 350AMENITIES 404CONCLAVE LEADERSHIP 750CHAPTER LIABILITITY INSURANCE 1,339PUBLIC RELATIONS 233TECHNOLOGY 3,350HOSPITALITY 4,172MISCELLANOUS 40COOKOUT EXPENSE 2,245GOLF TOURNMENT COSTS 7,203OTHER FUNDRAISING EXPENSES 5,880”
Other changes in net assets or fund balances Part I line 20
“STARTUP COSTS REFUNDED”
Other program services Part III line 31
“College endowments and social action grants”
Raw XML Appendix141 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JOE BRUINTON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3369783321 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | P O BOX 21271 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Winston Salem |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 271201271 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 100073 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 103038 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2965 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 650 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 100073 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 103038 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 20138 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 19475 |
| IRS990EZ/GrossReceiptsAmt | 0 | 75096 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 404 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 29460 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 100073 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 103038 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 100073 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 103038 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 15918 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CARLOS ROSEBORO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD WATKINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BARRY ROUNTREE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOE BRUINTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BASILEUS PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE BASILEUS PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | KEEPER OF RECORDS SEC |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | KEEPER OF FINANCE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 36088 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 25094 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO SERVE THE COMMUNITY OF WINSTON SALEM |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ACHIEVEMENT WEEK |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | COLLEGE SCHOLARSHIPS TO YOUNG MEN AND WOMEN |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | SOCIAL ACTION IN THE COMMUNITY |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 3 | Other program services |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 4782 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 7312 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 6273 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 3 | 1108 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 20138 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 72131 |
| IRS990EZ/TotalRevenueAmt | 0 | 75096 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.OOPF.ORG |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | false |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 7203 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | 1 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 20138 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 20138 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 20138 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 20138 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 12935 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 7203 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 7203 |
| IRS990ScheduleG/InPersonSolicitationsInd | 0 | X |
| IRS990ScheduleG/LicensedStatesCd | 0 | NC |
| IRS990ScheduleG/PhoneSolicitationsInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountWAKE FOREST CONCESSION SALES 22,000FUNDRAISING-OTHER 92SOCIAL ACTION FEES 261COOKOUT SALES 2,308MISCELLANOUS 433 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity ACHIEVEMENT WEEK Grantee VARIOUS Street 1 SOUTH MAIN STREET City, State, Zip Winston Salem, NC 27120-1271Relationship NONE Amount 4,782Activity COLLEGE ENDOWMENT Grantee WINSTON SALEM URBAN LEAGUE Street 4TH STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 515Activity COLLEGE SCHOLARSHIPS Grantee VARIOUS YOUNG MEN AND WOMEN Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 7,312Activity SOCIAL ACTION Grantee VARIOUS Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 6,273Activity TALENT HUNT IN THE COMMUNITY Grantee VARIOUS Street 1 MAIN STREET City, State, Zip Winston Salem, NC 27104Relationship NONE Amount 593 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountDISTRICT DUES 3,010NATIONAL DUES 6,007KRS DUES 130PAN HELLENIC COUNCIL 650DISTRICT TALENT HUNT ASSESSMENTS 200DISTRICT UNDERGRADUATE ASSESSMENT 125DISTRICT COUNCIL MEETING 350AMENITIES 404CONCLAVE LEADERSHIP 750CHAPTER LIABILITITY INSURANCE 1,339PUBLIC RELATIONS 233TECHNOLOGY 3,350HOSPITALITY 4,172MISCELLANOUS 40COOKOUT EXPENSE 2,245GOLF TOURNMENT COSTS 7,203OTHER FUNDRAISING EXPENSES 5,880 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | STARTUP COSTS REFUNDED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COLLEGE ENDOWMENTS AND SOCIAL ACTION GRANTS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other revenue Part I line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other program services Part III line 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BARRY ROUNTREE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | KEEPER OF RECOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3364078908 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-03-25 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | OMEGA PSI PHI FRATERNITY INC PSI PHI CHAPTER |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | OMEG |
| ReturnHeader/Filer/EIN | 0 | 566083703 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 21271 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Winston Salem |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 271201271 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561927170 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Westend Associates Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 116 Lowes Foods Drive Suite 190 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Lewisville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27023 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3364990911 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-03-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Joseph L Dickson |
| ReturnHeader/ReturnTs | 0 | 2025-03-31T16:55:48-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-11-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-10-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $103,038
- Liabilities
- $0
- Net assets
- $103,038
- Revenue
- $75,096
- Expenses
- $72,131
- Net income
- $2,965