Theta Kappa Kappa Chapter of Omega Psi Phi Fraternity

Nonprofit profile at a glance

EIN
461078707
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022
Location
Evanston, IL, USA
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Student Sororities, Fraternities

Reported finances

Revenue
$13,621
Expenses
$13,269
Assets
$20,930

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

Leadership & pay

6 people listed

People named in this filing

  • Mauricio Rainey (Basileus)
  • John Abney (Vice Basileus)
  • Trevor Dykes (Keeper of Records and Seals)

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

Our fraternity is dedicated to fostering leadership community service academic excellence and personal growth among its members. We achieve this by: 1. **Community Service Initiatives**: Organizing and participating in local regional and national service projects that address critical needs such as poverty alleviation education and environmental sustainability. 2. **Educational Programs**: Offering workshops seminars and mentoring programs that enhance academic achievement career readiness and life skills development. 3. **Leadership Development**: Providing opportunities for members to develop and practice leadership skills through roles within the fraternity participation in leadership conferences and collaboration with other student organizations. 4. **Charitable Fundraising**: Conducting fundraising events to support charitable organizations and causes contributing to the welfare of the broader community. 5. **Civic Engagement**: Encouraging active participation

What it reported doing in 2022

Scholarships: Provided two $2000 scholarships for graduating highschool students. Held award banquet with families to celebrate their accomplishments

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
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 program spending has grown recently. 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: 36
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.3%; rating input score 36
  • Program expense ratio: 37.3%; rating input score 37

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 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 150% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 43.6% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 17% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 36.3% of revenue deployed · 37.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $5K 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: 3 filing years from 2020 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 37/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.