Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
3 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Owns a fraternity house and serves its alumni members.
Questions for Omicron Association INC
Your first name shows with your question. Omicron Association INC answers here, for everyone.
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The first is to act as the owner and operator of a fraternity house located at 408 East Fairmount Avenue in State College PA 16801. This provides housing and food services for undergraduate members of the Omicron Chapter of the phi Kappa Tau Fraternity who are students at the University Park Campus of the Pennsylvania state University.
The second is to act as an alumni association for members of the Omicron Chapter of the Phi Kappa Tau Fraternity.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $133K | $134K |
| InvestmentsLn 11–13 | $326K | $329K |
| Land, buildings, equipmentLn 10c | $540K | $540K |
| Total assetsLn 16 | $999K | $1.0M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $999K | $1.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | |||
| Grants to domestic individualsLn 2 | $0 | |||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $500 | |||
| Legal feesLn 11b | $500 | |||
| Accounting feesLn 11c | $0 | |||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $3K | |||
| Information technologyLn 14 | $5K | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $61K | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $9K | |||
| Other expenses (24a–d)Ln 24 | $6K | |||
| Total functional expensesLn 25 | $85K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Mar 13, 2026 | $127K | $155K | −$28K | $1.1M | 990 PDF |
| FY2024Filed with the IRS Mar 13, 2025 | $122K | $120K | $2K | $1.1M | 990 PDF |
| FY2023Filed with the IRS Apr 11, 2024 | $102K | $90K | $12K | $1.1M | 990 PDF |
| FY2022Filed with the IRS Jul 31, 2023 | $110K | $113K | −$3K | $1.0M | 990 PDF |
| FY2021Filed with the IRS Dec 22, 2022 | $92K | $99K | −$7K | $1.0M | 990 PDF |
| FY2020 ViewingFiled with the IRS Nov 29, 2021 | $86K | $85K | $1K | $1.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $86,277 revenue, 12 lines filed
Part VI · Governance 0 of 9 board members independent, 4 to look at
Part VIII · Statement of revenue $86,277 across 13 lines filed
Part IX · Statement of functional expenses $85,227 across 30 lines filed
Part X · Balance sheet $1,002,739 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,002,739 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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