Epsilon Phi Chapter Omega Psi Phi Fraternity Inc Chap #528
Nonprofit profile at a glance
- EIN
- 581514907
- IRS 990-EZ coverage
- 2011–2012
- Forms available
- Form 990-EZ 2012
- Location
- Memphis, TN, USA
- Phone
- 9012197241
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Student Sororities, Fraternities
Reported finances
- Revenue
- $86,656
- Expenses
- $88,935
- Assets
- $11,973
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
6 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Epsilon Phi is a local chapter of the Omega Psi Phi Fraternity, Inc. Our primary focus is to carry out the mandated programs defined by our International Headquarters. They are achievement week, scholarship, social action programs, talent hunt programs, reclamation and retention, college endowment fund, health initiatives, voter registration, education, and mobilization, and NAACP.
What it reported doing in 2012
The Purple Networking Party (PNP) is an annual fundraiser for the Chapter. The party provides funds for our community service projects that helps hundreds in the City of Memphis. In addition, some of the funds are used to offset various administrative expenses of the organization.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 22
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.9%; rating input score 22
- Program expense ratio: 21.3%; rating input score 21
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.6%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 24.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: -35.8% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -57.9% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 21.9% of revenue deployed · 21.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $19K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2011 to 2012
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- High — Financial Efficiency: Program expense ratio scored 21/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.