Upsilon Omega Foundation INC FY2020 filing

Tax-deductible

Saint Louis, MO501(c)(3)EducationEIN 43-1763130Revenue $55K in FY2020

On file with the IRSupsilonomega.org3900 Goodfellow Blvd, 63120-1531 · Saint Louis, MOTax-exempt since Mar 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Assist college bound youth by awarding scholarships and providing mentoring opportunities.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $14K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$228K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
Spent
$139K
To programs
46%
Net assets
$67K
By yearFY2020–FY2024
Revenue
$55K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$134K
FY2022$137K
FY2023$129K
FY2024$121K
Expenses
$139K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$129K
FY2022$126K
FY2023$123K
FY2024$130K
Net assets
$67K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$67K
FY2021$72K
FY2022$83K
FY2023$89K
FY2024$80K

From the FY2020 Form 990 (year ending October 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2015-03-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2016.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $65K Management & general 53% · $73K Fundraising 1% · $2K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Upsilon Omega Foundation INC 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 15aYes

Programs and updates

Awards scholarships and provides mentoring to help college-bound youth succeed.

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Provided by the organization

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2 programs · $65K · in their own filed words · FY2019
01

Our organization provides a place where different community-based organizations / action groups can meet to discuss and plan activities that directly or indirectly impact their community. We provide a location for inner city low income residents to receive health services and screening.

$62Kprogram expense
02

Raise funds to provide educational scholarships to college bound high school seniors. We awarded twenty four scholarships to the qualified youth during the fiscal year ended October 31, 2019. We did not award any scholarships during the fiscal year ended October 31, 2020, due to the pandemic.

$2Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$12
Grants paid · 4 grants · $113K · 2020–2023
Unitemized GrantFY2023$30,000
Unitemized GrantFY2022$25,000
Unitemized GrantFY2021$27,000
Unitemized GrantFY2020$31,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Gifts and grantsLn 1h$38K
Other incomeLn 4–11$16K
Money outPt IX
$139K
Ln 25
Programscol B$65K
Managementcol C$73K
Fundraisingcol D$2K
Owns and owesPt X
$67K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$295K
LiabilitiesLn 26$228K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Fundraising eventsLn 1c$11K
Other incomeLn 4–11$16K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$53K
Cash and savings togetherLn 1–2$53K
Land, buildings, equipmentLn 10c$242K
Total assetsLn 16$295K
LiabilitiesLn 26$228K
Net assetsLn 32$67K
OperationsPt I, VI
EmployeesI 53
VolunteersI 640
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$55K$53K
Land, buildings, equipmentLn 10c$264K$242K
Total assetsLn 16$320K$295K
LiabilitiesLn 26$168K$228K
Net assetsLn 32$152K$67K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$13K$6K$6K$1K
Payroll taxesLn 10$1K$601$601$133
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$998$449$449$100
Office expensesLn 13$3K$1K$1K
OccupancyLn 16$71K$38K$33K
Conferences, conventions and meetingsLn 19$320$160$160
InterestLn 20$12K$6K$6K
Depreciation, depletion and amortizationLn 22$22K$11K$11K
Other expenses (24a–d)Ln 24$13K$1K$12K
Total functional expensesLn 25$139K$65K$73K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $121K$130K−$9K$80K 990 PDF
FY2023 $129K$123K$6K$89K 990 PDF
FY2022 $137K$126K$11K$83K 990 PDF
FY2021 $134K$129K$5K$72K 990 PDF
FY2020 Viewing $55K$139K−$85K$67K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $54,569 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,170$38,158
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $14$0
I-11 Other revenuePrior year $126,371$16,411
I-12 Total revenuePrior year $151,555$54,569
I-13 Grants and similar amounts paidPrior year $24,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,867$14,006
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $124,540$125,075
I-18 Total expensesPrior year $168,407$139,081
I-19 Revenue less expensesPrior year −$16,852−$84,512
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $54,569 across 6 lines filed
Lines not itemized here account for −$45 of total revenue; see the IRS return.
VIII-1b Membership dues$26,938
VIII-1c Fundraising events$11,220
VIII-1h Total contributions, gifts and grants$38,158
VIII-6 Net rental income or lossRelated to mission $16,351$16,351
VIII-8 Net income from fundraising eventsExcluded from tax $105$105
VIII-12 Total revenueRelated to mission $16,306 · Unrelated business $0 · Excluded from tax $105$54,569
Part IX · Statement of functional expenses $139,081 across 10 lines filed
IX-7 Other salaries and wagesPrograms $5,702 · Management $5,702 · Fundraising $1,267$12,671
IX-10 Payroll taxesPrograms $601 · Management $601 · Fundraising $133$1,335
IX-11c Accounting feesManagement $1,990$1,990
IX-11g Other fees for servicesPrograms $449 · Management $449 · Fundraising $100$998
IX-13 Office expensesPrograms $1,408 · Management $1,408$2,816
IX-16 OccupancyPrograms $37,949 · Management $33,408$71,357
IX-19 Conferences, conventions and meetingsPrograms $160 · Management $160$320
IX-20 InterestPrograms $6,052 · Management $6,052$12,104
IX-22 Depreciation, depletion and amortizationPrograms $11,178 · Management $11,178$22,356
IX-24 Other expenses (24a–d)Programs $1,039 · Management $12,095$13,134
IX-25 Total functional expensesPrograms $64,538 · Management $73,043 · Fundraising $1,500$139,081
Part X · Balance sheet $295,369 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $55,341$53,256
X-10c Land, buildings and equipment, netStart of year $264,469$242,113
X-16 Total assetsStart of year $319,810$295,369
X-25 Other liabilitiesStart of year $57,913$131,213
X-26 Total liabilitiesStart of year $168,189$228,260
X-32 Total net assets or fund balancesStart of year $151,621$67,109
X-33 Total liabilities and net assetsStart of year $319,810$295,369
Part XI · Reconciliation of net assets $67,109 net assets at year end
XI-1 Total revenue$54,569
XI-2 Total expenses$139,081
XI-3 Revenue less expenses−$84,512
XI-4 Net assets at start of year$151,621
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,109

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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