Alpha Omicron Pi Fraternity Inc
990 • Fiscal year 2012 • EIN 62-0950113
Scores are not available for this record yet.
Assets
Flat$18,779,396
Flat from 2012
Net Assets
Flat$14,805,033
Flat from 2012
Liabilities
Flat$3,974,363
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$2,957,295
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Nov 15, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $3,611,255
Mission
To encourage a spirit of fraternity & love among its members. To promote character, dignity, scholarship, and college loyalty. To support the best interests of colleges and universities in which chapters are installed.
Filer
- EIN
- 62-0950113
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE FRATERNITY RECOGNIZES THE TAX BENEFITS OF UNCERTAIN TAX POSITIONS ONLY WHERE THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED ASSUMING EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE FRATERNITY'S TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR THE OPEN TAX YEARS (YEARS ENDED JUNE 30, 2009, 2010, AND 2011), OR EXPECTED TO BE TAKEN IN THE FRATERNITY'S TAX RETURN FOR THE YEAR ENDED JUNE 30, 2012. THE FRATERNITY IDENTIFIES ITS MAJOR TAX JURISDICTIONS AS THE U.S. FEDERAL AND THE STATE OF TENNESSEE. HOWEVER, THE FRATERNITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FRATERNITY BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. THE FRATERNITY IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE IN THE NEXT TWELVE MONTHS. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 1 | EXPENSES NETTED WITH REVENUE -9,200 EXPENSES NETTED WITH REVENUE 9,200 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 2 | EXPENSES NETTED WITH REVENUE -9,200 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 3 | EXPENSES NETTED WITH REVENUE -9,200 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | LIABILITY UNDER FIN 48 FOOTNOTE |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 2 | REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 3 | EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
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| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 2 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 3 | SCHEDULE D, PAGE 4, PART XIII, LINE 2D |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE MEMBERS HAVE THE RIGHT TO VOTE ON LAW CHANGES. THEY ELECT THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE BY-LAWS ARE VOTED ON BY THE COUNCIL. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE FRATERNITY HAS WRITTEN POLICIES AND PROCEDURES THAT GOVERN THE ACTIVITIES OF THE CHAPTERS TO ENSURE THEIR OPERATIONS ARE CONSISTENT WITH THE FRATERNITY'S. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | EMPLOYEES WILL SIGN THE WRITTEN CONFLICT OF INTEREST POLICY AT THE DATE OF EMPLOYMNET AND REVISIT THE POLICY AT EACH ANNUAL REVIEW. BOARD MEMBERS SIGN AT THE FIRST BOARD MEETING AFTER THEY ARE ELECTED BY THE MEMBERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | THE EXECUTIVE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE AND VOTES ON COMPENSATION ACCORDINGLY. THE EXECUTIVE BOARD USES DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE DIRECTOR OF FINANCE IS SENT A LETTER DETAILING ANY SALARY OR BENEFIT CHANGES BY THE EXECUTIVE BOARD. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | THE EXECUTIVE DIRECTOR DETERMINES SALARIES FOR OTHER EMPLOYEES. THE AMOUNT OF SALARIES IS THEN APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE GOVERNING DOCUMENTS ARE AVAILABLE ONLY TO ALPHA OMICRON PI FRATERNITY, INC. MEMBERS ON A PRIVATE WEBSITE. THE FINANCIAL STATEMENTS ARE ALSO ONLY AVAILABLE TO ALPHA OMICRON PI FRATERNITY INC. MEMBERS VIA EMAIL. |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | ELECTION OF MEMBERS AND THEIR RIGHTS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | DECISIONS SUBJECT TO APPROVAL OF MEMBERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | POLICIES AND PROCEDURES GOVERNING CHAPTERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | ENFORCEMENT OF CONFLICTS POLICY |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | COMPENSATION PROCESS FOR TOP OFFICIAL |
| IRS990ScheduleO/GeneralExplanation/Identifier | 7 | COMPENSATION PROCESS FOR OFFICERS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 8 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990, PART V, LINE 4B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PAGE 6, PART VI, LINE 7B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PAGE 6, PART VI, LINE 10B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 7 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City | 0 | BRENTWOOD |
| IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State | 0 | TN |
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| IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine1 | 0 | ALPHA OMIC |
| IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine2 | 0 | RON PI FRATERNITY INC |
| IRS990ScheduleR/Form990ScheduleRPartII/EIN | 0 | 510426239 |
| IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection | 0 | 7 |
| IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState | 0 | TN |
| IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine1 | 0 | ALPHA OMICRON PI PROPERTIES INC |
| IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities | 0 | HOUSING |
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| IRS990ScheduleR/ReimbursementPaidByOtherOrg | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrg | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs | 0 | false |
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| IRS990ScheduleR/SaleOfAssetsToOtherOrg | 0 | false |
| IRS990ScheduleR/SharingOfFacilities | 0 | true |
| IRS990ScheduleR/SharingOfPaidEmployees | 0 | true |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved | 0 | 65000 |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination | 0 | CASH |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine1 | 0 | ALPHA OMICRON PI PROPERTIES INC |
| IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType | 0 | N |
| IRS990/School | 0 | false |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | TN |
| IRS990/SubjectToProxyTax | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
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| IRS990/TemporarilyRestrictedNetAssets/BOY | 0 | 22415 |
| IRS990/TemporarilyRestrictedNetAssets/EOY | 0 | 16275 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $18,779,396
- Liabilities
- $3,974,363
- Net assets
- $14,805,033
- Revenue
- -
- Expenses
- $2,957,295
- Net income
- -