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
64 cents of each dollar spent went to programs.
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
6 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 15aYes
Programs and updates
Awards scholarships and provides mentoring to help college-bound youth succeed.
Questions for Upsilon Omega Foundation INC
Your first name shows with your question. Upsilon Omega Foundation INC answers here, for everyone.
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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.
Raise funds to provide educational scholarships to college bound high school seniors. We awarded thirty one scholarship to the qualified youth during the fiscal year ended October 31, 2021. We did not award any scholarships during the fiscal year ended October 31, 2020, due to the pandemic.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $53K | $30K |
| Land, buildings, equipmentLn 10c | $242K | $247K |
| Total assetsLn 16 | $295K | $277K |
| LiabilitiesLn 26 | $228K | $205K |
| Net assetsLn 32 | $67K | $72K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $31K | $31K | ||
| Other salaries and wagesLn 7 | $13K | $6K | $6K | $1K |
| Payroll taxesLn 10 | $984 | $443 | $443 | $98 |
| Accounting feesLn 11c | $1K | $1K | ||
| Other fees for servicesLn 11g | $1K | $503 | $503 | $112 |
| Office expensesLn 13 | $2K | $1K | $1K | |
| OccupancyLn 16 | $63K | $35K | $28K | |
| InterestLn 20 | $6K | $3K | $3K | |
| Depreciation, depletion and amortizationLn 22 | $9K | $4K | $4K | |
| Other expenses (24a–d)Ln 24 | $2K | $843 | $843 | $0 |
| Total functional expensesLn 25 | $129K | $82K | $45K | $2K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $121K | $130K | −$9K | $80K | 990 PDF |
| FY2023 | $129K | $123K | $6K | $89K | 990 PDF |
| FY2022 | $137K | $126K | $11K | $83K | 990 PDF |
| FY2021 Viewing | $134K | $129K | $5K | $72K | 990 PDF |
| FY2020 | $55K | $139K | −$85K | $67K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $134,176 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $134,176 across 8 lines filed
Part IX · Statement of functional expenses $129,197 across 10 lines filed
Part X · Balance sheet $276,756 assets, 7 lines filed
Part XI · Reconciliation of net assets $72,088 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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