Omicron Kappa Upsilon Sigma Chapter

Nonprofit profile at a glance

EIN
237156597
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022, Form 990-N 2009
Location
Chicago, IL, USA
Phone
3129967514
Rating
42
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$5,751
Expenses
$8,043
Assets
$6,185
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • William Bike (President)
  • Michael Schmerman (President-Elect)
  • Alison Doubleday (Vice President)

People named in this filing

  • William Bike (President)
  • Michael Schmerman (President-Elect)
  • Alison Doubleday (Vice President)

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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To encourage and develop a spirit of emulation among students in dentistry, and to recognize in an appropriate manner those who shall distinguish themselves by a high grade of scholarship. The Omicron Kappa Upsilon Sigma Chapter honors students and faculty inducted into membership based upon scholarship, exemplary traits of ethical character and potential qualities of future professional growth. For more information visit the Supreme Chapter's website at https://okusupreme.org/about-oku

What it reported doing in 2022

To encourage and develop a spirit of emulation among students in dentistry, and to recognize in an appropriate manner those who shall distinguish themselves by a high grade of scholarship. The Omicron Kappa Upsilon Sigma Chapter honors students and faculty inducted into membership based upon scholarship, exemplary traits of ethical character and potential qualities of future professional growth. https://okusupreme.org/about-oku

Operating model

Revenue model
Membership-supported. 95% of the money available for current operations came from membership dues.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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: 0
  • Transparency & Controls: 100
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -39.9%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -16.6% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -31.3% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.