Civic Intelligence

Omega Phi Fraternity

990 • Fiscal year 2015 • EIN 91-6056334

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 28, 2016

254 E Main Street Suite 240Pullman, WA 99163

(509) 334-2575

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.11x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)2 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

2.84x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)2 • <$500k nonprofits • Source year 2015

Net Margin

16th percentile

-37%

Higher net margin than 16% of similar nonprofits.

2015 filings • 501(c)2 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

30th percentile

-4.9%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)2 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

7th percentile

-70%

Faster revenue growth than 7% of similar nonprofits.

2015 filings • 501(c)2 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$332,964

Down $17,235 (-4.9%) from 2014

Net Assets

Down

$295,074

Down $5,004 (-1.7%) from 2014

Liabilities

Down

$37,890

Down $12,231 (-24%) from 2014

Revenue

Down

$13,342

Down $31,268 (-70%) from 2014

Expenses

Down

$18,339

Down $122 (-0.7%) from 2014

Net Income

Down

-$4,997

Down $31,146 (-119%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $294,297Liabilities 2010: $74,731Net Assets 2010: $219,5662010Assets 2011: $308,275Liabilities 2011: $71,154Net Assets 2011: $237,1212011Assets 2012: $325,992Liabilities 2012: $67,163Net Assets 2012: $258,8292012Assets 2013: $335,667Liabilities 2013: $61,738Net Assets 2013: $273,9292013Assets 2014: $350,199Liabilities 2014: $50,121Net Assets 2014: $300,0782014Assets 2015: $332,964Liabilities 2015: $37,890Net Assets 2015: $295,0742015Assets 2016: $336,149Liabilities 2016: $21,825Net Assets 2016: $314,3242016Assets 2017: $316,270Liabilities 2017: $0Net Assets 2017: $316,2702017Assets 2018: $313,859Liabilities 2018: $0Net Assets 2018: $313,8592018Assets 2019: $292,555Liabilities 2019: $0Net Assets 2019: $292,5552019Assets 2020: $316,215Liabilities 2020: $0Net Assets 2020: $316,2152020Assets 2021: $310,665Liabilities 2021: $0Net Assets 2021: $310,6652021Assets 2022: $334,621Liabilities 2022: $0Net Assets 2022: $334,6212022Assets 2023: $351,852Liabilities 2023: $0Net Assets 2023: $351,8522023Assets 2024: $355,242Liabilities 2024: $0Net Assets 2024: $355,2422024Assets 2025: $361,005Liabilities 2025: $0Net Assets 2025: $361,0052025

Highlighted filing

2015

Assets$332,964
Liabilities$37,890
Net Assets$295,074

Operations Trend

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

$100K$50K$0-$50KExpenses 2010: $13,5312010Expenses 2011: $20,5262011Expenses 2012: $19,4562012Revenue 2013: $33,879Expenses 2013: $18,779Net Income 2013: $15,1002013Revenue 2014: $44,610Expenses 2014: $18,461Net Income 2014: $26,1492014Revenue 2015: $13,342Expenses 2015: $18,339Net Income 2015: -$4,9972015Revenue 2016: $51,063Expenses 2016: $31,813Net Income 2016: $19,2502016Revenue 2017: $37,044Expenses 2017: $35,098Net Income 2017: $1,9462017Revenue 2018: $38,975Expenses 2018: $41,386Net Income 2018: -$2,4112018Revenue 2019: $30,995Expenses 2019: $52,299Net Income 2019: -$21,3042019Revenue 2020: $55,228Expenses 2020: $31,568Net Income 2020: $23,6602020Revenue 2021: $53,045Expenses 2021: $58,595Net Income 2021: -$5,5502021Revenue 2022: $75,378Expenses 2022: $51,422Net Income 2022: $23,9562022Revenue 2023: $75,939Expenses 2023: $58,708Net Income 2023: $17,2312023Revenue 2024: $72,711Expenses 2024: $69,321Net Income 2024: $3,3902024Revenue 2025: $75,157Expenses 2025: $69,394Net Income 2025: $5,7632025

Highlighted filing

2015

Revenue$13,342
Expenses$18,339
Net Income-$4,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 28, 2016
Return Version
2015v2.1
Gross Receipts
$45,411
Mission and Program Overview

Mission

To provide a chapter house for the undergraduate members of phi kappa tau fraternity at washington state university.

To hold property and distribute net income to an exempt org.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$283,222$260,698▼ $22,524
Cash and Non-Interest-Bearing Accounts$66,977$72,266▲ $5,289
Total Assets$350,199$332,964▼ $17,235
Liabilities
Mortgage Notes Payable Secured by Investment Property$50,121$37,890▼ $12,231
Total Liabilities$50,121$37,890▼ $12,231
Net Assets / Fund Balance
Unrestricted Net Assets$300,078$295,074▼ $5,004
Total Net Assets Fund Balance$300,078$295,074▼ $5,004
Total Liabilities and Net Assets / Fund Balance$350,199$332,964▼ $17,235

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$57,129$362,871-
Other Land Buildings$0$70,487-
Leasehold Improvements$203,569--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ernest L NicholsonPresident
Jason FarrowVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$13,342
Change in Net Assets
$-4,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,339
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
Interest---$2,169
Fees for Services Accounting---$1,240
Other Expenses---$20
Total Functional Expenses$0$0$0$18,339
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

All rental income and expenses are handled through a management company and chapter advisor

Form 990, Part VI, Section B, line 11

NOT REQUIRED

Form 990, Part VI, Section C, line 19

NOT REQUIRED

Form 990, Part VII

Ernest l nicholson - 225 ne olsen st, pullman, wa 99163. Jason farrow - 225 ne olsen st, pullman, wa 99163.

Filing and Contact Details

Filer

Filer Name
Omega Phi Inc
EIN
91-6056334
Phone
5093342575
Address
254 E Main Street Suite 240, Pullman, WA 99163

Signing Officer

Name
Ernest L Nicholson
Title
President
Phone
5093342575
Signed
2016-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ernest L Nicholson
Formed
1972
Legal Domicile
Wa
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Wills & Associates PLLC
Address
254 E Main St Ste 240, Pullman, WA 99163
Preparer
Jon P Anderson CPA
Phone
5093344515
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Retained earnings adjustment -7.

Raw XML Appendix253 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOT REQUIRED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ERNEST L NICHOLSON - 225 NE OLSEN ST, PULLMAN, WA 99163. JASON FARROW - 225 NE OLSEN ST, PULLMAN, WA 99163.
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ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$0.75$0.69$0.06
2024Detailed filing. Detailed filing data is available for this year.$3.55$0.00$3.55$0.73$0.69$0.03
2023Detailed filing. Detailed filing data is available for this year.$3.52$0.00$3.52$0.76$0.59$0.17
2022Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$0.75$0.51$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$0.53$0.59$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.55$0.32$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.31$0.52$0.21
2018Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$0.39$0.41$0.02
2017Detailed filing. Detailed filing data is available for this year.$3.16$0.00$3.16$0.37$0.35$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.36$0.22$3.14$0.51$0.32$0.19
2015Detailed filing. Detailed filing data is available for this year.$3.33$0.38$2.95$0.13$0.18$0.05
2014Detailed filing. Detailed filing data is available for this year.$3.50$0.50$3.00$0.45$0.18$0.26
2013Detailed filing. Detailed filing data is available for this year.$3.36$0.62$2.74$0.34$0.19$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.67$2.59$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.71$2.37$0.21
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.75$2.20$0.14