Scholarships & charitable contributions

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $70K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $2.4M in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
-44% vs prior year
Spent
$216K
To programs
98%
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$176K
FY2023▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2021$263K
FY2022$312K
FY2023$176K
FY2024$331K
FY2025$281K
Expenses
$216K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$143K
FY2022$212K
FY2023$216K
FY2024$213K
FY2025$228K
Net assets
$2.6M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.5M
FY2022$2.4M
FY2023$2.6M
FY2024$3.0M
FY2025$3.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $212K Management & general 2% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Co-President
$0Pt VII · Sec A
Scholar Chair
$0Pt VII · Sec A
Endow Treasurer
$0Pt VII · Sec A
Recording Sec.
$0Pt VII · Sec A
Corresp. Sec.
$0Pt VII · Sec A
Endow Secretary
$0Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
$0Pt VII · Sec A
See Omega Nu-Sigma Alpha Chapter executive salaries →

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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

Provides scholarships and makes charitable donations to support education and community needs.

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Provided by the organization

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1 program · $212K · in their own filed words · FY2022
01

The organization awarded $100,900 in scholarships to individuals and $92,930 in grants to charitable organizations including those shown on the attached lists.

$212Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 13 grants · $803K · 2020–2024
Unitemized GrantFY2024$92,950
Individual RecipientFY2024$73,376
Funds for FundamentalsFY2024$26,874
Unitemized GrantFY2023$101,000
Individual RecipientFY2023$67,126
Funds for FundamentalsFY2023$15,630
Unitemized GrantFY2022$100,900
Individual RecipientFY2022$68,250
Funds for FundamentalsFY2022$24,680
Unitemized GrantFY2021$77,500
Individual RecipientFY2021$58,250
Funds for FundamentalsFY2021$16,980
Unitemized GrantFY2020$79,150

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$176K
Ln 12
Investment incomeLn 3$85K
Other incomeLn 4–11$80K
Gifts and grantsLn 1h$10K
Money outPt IX
$216K
Ln 25
Programscol B$212K
Managementcol C$4K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$121K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Investment incomeLn 3$85K
Other incomeLn 4–11$80K
Gains on assetsLn 7$25K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$77K
SavingsLn 2$44K
Cash and savings togetherLn 1–2$121K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$148K$121K
InvestmentsLn 11–13$2.2M$2.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$102$0
Net assetsLn 32$2.4M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$93K$93K
Grants to domestic individualsLn 2$101K$101K
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$0
Legal feesLn 11b$0
Accounting feesLn 11c$1K$1K$270
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$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
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$915$732$183
Other expenses (24a–d)Ln 24$20K$16K$4K
All other expensesLn 24e$0
Total functional expensesLn 25$216K$212K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $281K$228K$53K$3.1M 990 PDF
FY2024 $331K$213K$119K$3.0M 990 PDF
FY2023 Viewing $176K$216K−$40K$2.6M 990 PDF
FY2022 $312K$212K$101K$2.4M 990 PDF
FY2021 $263K$143K$120K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $176,099 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,863$10,275
I-9 Program service revenue$0
I-10 Investment incomePrior year $79,137$85,377
I-11 Other revenuePrior year $90,288$80,447
I-12 Total revenuePrior year $312,288$176,099
I-13 Grants and similar amounts paidPrior year $153,000$193,830
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,755$22,497
I-18 Total expensesPrior year $211,755$216,327
I-19 Revenue less expensesPrior year $100,533−$40,228
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $176,099 across 9 lines filed
VIII-1b Membership dues$9,818
VIII-1f All other contributions, gifts and grants$457
VIII-1h Total contributions, gifts and grants$10,275
VIII-3 Investment incomeExcluded from tax $60,808$60,808
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $24,569$24,569
VIII-8 Net income from fundraising events$80,447
VIII-12 Total revenueExcluded from tax $85,377$176,099
Part IX · Statement of functional expenses $216,327 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $92,930$92,930
IX-2 Grants to domestic individualsPrograms $100,900$100,900
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,080 · Management $270$1,350
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $732 · Management $183$915
IX-24 Other expenses (24a–d)Programs $16,186 · Management $4,046$20,232
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $211,828 · Management $4,499 · Fundraising $0$216,327
Part X · Balance sheet $2,567,879 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $96,342$76,885
X-2 Savings and temporary cash investmentsStart of year $51,983$43,938
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,000$3,000
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $2,202,030$2,444,056
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,353,355$2,567,879
X-26 Total liabilitiesStart of year $102$0
X-27 Net assets without donor restrictionsStart of year $2,353,253$2,567,879
X-32 Total net assets or fund balancesStart of year $2,353,253$2,567,879
X-33 Total liabilities and net assetsStart of year $2,353,355$2,567,879
Part XI · Reconciliation of net assets $2,567,879 net assets at year end
XI-1 Total revenue$176,099
XI-2 Total expenses$216,327
XI-3 Revenue less expenses−$40,228
XI-4 Net assets at start of year$2,353,253
XI-5 Net unrealized gains (losses) on investments$254,752
XI-8 Prior period adjustments$102
XI-10 Net assets at end of year$2,567,879

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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