OMEGA PSI PHI FRATERNITY Psi Alpha Alpha
Nonprofit profile at a glance
- EIN
- 541492819
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Alexandria, VA, USA
- Phone
- 2026312142
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $65,719
- Expenses
- $42,119
- Assets
- $115,194
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Ray Buckner (President)
- James Cherry II (Vice President)
People named in this filing
- Ray Buckner (President)
- James Cherry II (Vice President)
- Kerry Britt (Secretary)
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
Psi Alpha Alpha is firmly grounded in the four guiding principles of our distinguished organization: Manhood, Scholarship, Perseverance, and Uplift. These values are deeply embedded in our community outreach efforts. From programs like Reading for Success, ManUp, Adopt-A-Highway, Capital Area Food Bank, Health Fairs/Walks/Runs, to Rebuilding Together, each plays a meaningful role in the community work we take great pride in. We are also dedicated to raising funds for our annual scholarships to high school seniors and financial awards for high school students with talent in the performing arts. Making the most of our collective resources is essential to the success of our community, supporting those in need, and securing a brighter future for the next generation.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.8%; rating input score 50
- Program expense ratio: 77.7%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 35.9%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 2.73; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: -0.9% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 49.8% of revenue deployed · 77.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $33K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.