Omega Psi Phi Fraternityinc -Pi Phi Chapter
Nonprofit profile at a glance
- EIN
- 581996430
- IRS 990-EZ coverage
- 2021–2021
- Forms available
- Form 990-EZ 2021
- Location
- Charlotte, NC, USA
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $137,278
- Expenses
- $45,090
- Assets
- $124,938
- Liabilities
- $14,556
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- WILLIAM MCDONALD Jr (BASILIUS)
- CARL JOHNSON Jr (VICE BASILEUS)
- MICHAEL ROGERS (KEPPER OF RECORDS AND SEAL)
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 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Service fraternity chapter
What it reported doing in 2021
Community support and Scholarships
Operating model
- Revenue model
- Membership-supported. 91% of the money available for current operations came from membership dues.
- 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 and revenue comfortably covers expenses. 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: 19
- Transparency & Controls: 82
- Sustainability: 80
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 10.5%; rating input score 11
- Program expense ratio: 32.1%; rating input score 32
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 67.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 2.77; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 10.5% of revenue deployed · 32.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- 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.
- High — Financial Efficiency: Mission deployment rate scored 11/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.