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

501(c)(3) charity; gifts are tax-deductible.
58¢ 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
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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
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
$160K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$129K
-6% vs prior year
Spent
$123K
To programs
58%
Net assets
$89K
By yearFY2020–FY2024
Revenue
$129K
FY2023▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$134K
FY2022$137K
FY2023$129K
FY2024$121K
Expenses
$123K
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$139K
FY2021$129K
FY2022$126K
FY2023$123K
FY2024$130K
Net assets
$89K
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$67K
FY2021$72K
FY2022$83K
FY2023$89K
FY2024$80K

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

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You’re viewing the FY2023 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

58 cents of each dollar spent went to programs.

Program services 58% · $72K Management & general 41% · $51K Fundraising 1% · $1K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President / Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $72K · in their own filed words · FY2022
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.

$46Kprogram expense
02

Raise funds to provide educational scholarships to college bound high school seniors. We awarded twenty-five scholarships to qualified youth during the fiscal year ended October 31, 2023. We awarded twenty-seven scholarships to qualified youths during the fiscal year ended October 31, 2022.

$26Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$129K
Ln 12
Other incomeLn 4–11$74K
Gifts and grantsLn 1h$55K
Investment incomeLn 3$49
Money outPt IX
$123K
Ln 25
Programscol B$72K
Managementcol C$51K
Fundraisingcol D$1K
Owns and owesPt X
$89K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$249K
LiabilitiesLn 26$160K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Fundraising eventsLn 1c$25K
Investment incomeLn 3$49
Other incomeLn 4–11$74K
Total revenueLn 12$129K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Land, buildings, equipmentLn 10c$228K
Total assetsLn 16$249K
LiabilitiesLn 26$160K
Net assetsLn 32$89K
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 FY23End FY23
Cash and savingsLn 1–2$6K$21K
Land, buildings, equipmentLn 10c$237K$228K
Total assetsLn 16$243K$249K
LiabilitiesLn 26$160K$160K
Net assetsLn 32$83K$89K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$25K$25K
Other salaries and wagesLn 7$8K$3K$3K$774
Payroll taxesLn 10$593$267$267$59
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$783$783$174
Advertising and promotionLn 12$250$250
Office expensesLn 13$2K$893$893
OccupancyLn 16$59K$30K$29K
InterestLn 20$12K$6K$6K
Depreciation, depletion and amortizationLn 22$9K$5K$5K
Other expenses (24a–d)Ln 24$5K$576$5K
Total functional expensesLn 25$123K$72K$51K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $121K$130K−$9K$80K 990 PDF
FY2023 Viewing $129K$123K$6K$89K 990 PDF
FY2022 $137K$126K$11K$83K 990 PDF
FY2021 $134K$129K$5K$72K 990 PDF
FY2020 $55K$139K−$85K$67K 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 $129,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,943$55,150
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$940$49
I-11 Other revenuePrior year $68,350$73,868
I-12 Total revenuePrior year $137,353$129,067
I-13 Grants and similar amounts paidPrior year $27,000$25,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,236$8,337
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $85,120$90,092
I-18 Total expensesPrior year $126,356$123,429
I-19 Revenue less expensesPrior year $10,997$5,638
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $129,067 across 8 lines filed
Lines not itemized here account for $46,471 of total revenue; see the IRS return.
VIII-1b Membership dues$5,065
VIII-1c Fundraising events$25,000
VIII-1f All other contributions, gifts and grants$25,085
VIII-1h Total contributions, gifts and grants$55,150
VIII-3 Investment incomeRelated to mission $49$49
VIII-6 Net rental income or lossRelated to mission $27,397$27,397
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $73,917 · Unrelated business $0 · Excluded from tax $0$129,067
Part IX · Statement of functional expenses $123,429 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $25,000$25,000
IX-7 Other salaries and wagesPrograms $3,485 · Management $3,485 · Fundraising $774$7,744
IX-10 Payroll taxesPrograms $267 · Management $267 · Fundraising $59$593
IX-11c Accounting feesManagement $1,540$1,540
IX-11g Other fees for servicesPrograms $783 · Management $783 · Fundraising $174$1,740
IX-12 Advertising and promotionPrograms $250$250
IX-13 Office expensesPrograms $893 · Management $893$1,786
IX-16 OccupancyPrograms $29,974 · Management $28,818$58,792
IX-20 InterestPrograms $5,754 · Management $5,753$11,507
IX-22 Depreciation, depletion and amortizationPrograms $4,661 · Management $4,661$9,322
IX-24 Other expenses (24a–d)Programs $576 · Management $4,579$5,155
IX-25 Total functional expensesPrograms $71,643 · Management $50,779 · Fundraising $1,007$123,429
Part X · Balance sheet $248,889 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,171$21,131
X-10c Land, buildings and equipment, netStart of year $237,080$227,758
X-16 Total assetsStart of year $243,251$248,889
X-25 Other liabilitiesStart of year $97,900$97,900
X-26 Total liabilitiesStart of year $160,166$160,166
X-32 Total net assets or fund balancesStart of year $83,085$88,723
X-33 Total liabilities and net assetsStart of year $243,251$248,889
Part XI · Reconciliation of net assets $88,723 net assets at year end
XI-1 Total revenue$129,067
XI-2 Total expenses$123,429
XI-3 Revenue less expenses$5,638
XI-4 Net assets at start of year$83,085
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,723

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

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