Kappa Omega Tau Fraternity Inc
Nonprofit profile at a glance
- EIN
- 742667090
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Dallas, TX, USA
- Phone
- 2142651086
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $170,410
- Expenses
- $162,681
- Assets
- $38,077
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DR STEPHEN M SLOAN (PRESIDENT)
People named in this filing
- DR STEPHEN M SLOAN (PRESIDENT)
- MR DAVID N DEACONSON (VICE PRESIDE)
- MR LARRY J WAYMAN (EXEC VICE PR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
1. Public programs (30%) the club participates in several university programs throughout the year that require broad participation of members. In the spring semester, this includes all-university sing. In the fall semester, this includes building a parade float for the annual baylor homecoming parade and organizing the annual baylor/kot christmas tree lighting. Net proceeds from the christmas tree lighting event are used to support various 501(c)(3) organizations in waco, tx. 2. Service projects (20%) the club does approximately a dozen service projects in both the fall and spring semester with an extended three-day service trip each spring. 3. Membership development (10%) this includes a host of new member education activities, including one-on- one meetings, study hall, service, training, and initiation. 4. New member recruitment (10%) each semester, the club takes new members. This process includes several activities designed to introduce potential members to the club and vice versa
What it reported doing in 2024
The overall goal of the organization is to create a community that supports the needs of the broader surrounding community by raising monies that will go to a local charitable organization in need. The net monies raised in the current year resulted in a donation to a local charitable organization in the subsequent year.
Operating model
- Revenue model
- Membership-supported. 88% of the money available for current operations came from membership dues.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up and revenue has grown recently. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.8%; rating input score 94
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 4.5%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 16.6% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 20% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 93.8% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 1 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.