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Zeta Psi Fraternityomicron Chapter

Lincoln, NEUnknown exempt organizationEIN 47-0574829Revenue $217K in FY2024

On file with the IRSPo Box 22888 · Lincoln, NE

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Housing and meals for members

Run by 2 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
0 of 4
filings with a surplus
Average deficit $12K a year · 6% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
+4% vs prior year
Spent
$217K
To programs
0%
Net assets
$423K
By yearFY2021–FY2024
Revenue
$217K
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$169K
FY2022$197K
FY2023$209K
FY2024$217K
Expenses
$217K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2021$174K
FY2022$212K
FY2023$236K
FY2024$217K
Net assets
$423K
FY2024-0.03%
Tap a bar for its year
Net assets by fiscal year
FY2021$466K
FY2022$451K
FY2023$423K
FY2024$423K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Matt Craig
Treasurer
$0Pt VII · Sec A
Jacob Harris
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Merical
Chapter Advi
$0Pt VII · Sec A
Nick Vint
Chapter Advi
$0Pt VII · Sec A
See Zeta Psi Fraternityomicron 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 15aYes

Programs and updates

Zeta Psi Fraternityomicron Chapter is a nonprofit organization based in Lincoln, NE.

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Provided by the organization

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3 programs · $217K · in their own filed words · FY2023
01

Provide housing and meals to members during their academic year at the university

$201Kprogram expense
02

SOCIAL/MGMT. Training sponsored numerous events to provide social interaction among members; also sponsored management seminars to educate members

$13Kprogram expense
03

Promote academic achievement by providing a study hall, academic materials, reports on member grades, a scholarship and numerous academic awards and honors

$4Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$217K
Ln 12
Fees for servicesLn 2g$206K
Investment incomeLn 3$11K
Money outPt IX
$217K
Ln 25
Owns and owesPt X
$423K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$448K
LiabilitiesLn 26$25K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$206K
Investment incomeLn 3$11K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
InvestmentsLn 11–13$141K
Land, buildings, equipmentLn 10c$228K
Total assetsLn 16$448K
LiabilitiesLn 26$25K
Net assetsLn 32$423K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$15K$79K
InvestmentsLn 11–13$130K$141K
Land, buildings, equipmentLn 10c$251K$228K
Total assetsLn 16$445K$448K
LiabilitiesLn 26$22K$25K
Net assetsLn 32$423K$423K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$30K
Payroll taxesLn 10$2K
Accounting feesLn 11c$3K
Office expensesLn 13$13
OccupancyLn 16$61K
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$31K
Other expenses (24a–d)Ln 24$79K
All other expensesLn 24e$6K
Total functional expensesLn 25$217K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $217K$217K−$140$423K 990 PDF
FY2023 $209K$236K−$28K$423K 990 PDF
FY2022 $197K$212K−$15K$451K 990 PDF
FY2021 $169K$174K−$5K$466K 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 FY2024 990 (6 parts)
Part I · Summary $217,275 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $580$0
I-9 Program service revenuePrior year $199,780$205,870
I-10 Investment incomePrior year $8,242$11,405
I-11 Other revenue$0
I-12 Total revenuePrior year $208,602$217,275
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,871$32,337
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $199,547$185,078
I-18 Total expensesPrior year $236,418$217,415
I-19 Revenue less expensesPrior year −$27,816−$140
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $217,275 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $205,870$205,870
VIII-3 Investment incomeUnrelated business $11,405$11,405
VIII-12 Total revenueRelated to mission $205,870 · Unrelated business $11,405$217,275
Part IX · Statement of functional expenses $217,415 across 9 lines filed
IX-7 Other salaries and wages$30,000
IX-10 Payroll taxes$2,337
IX-11c Accounting fees$2,629
IX-13 Office expenses$13
IX-16 Occupancy$60,841
IX-19 Conferences, conventions and meetings$4,846
IX-22 Depreciation, depletion and amortization$31,454
IX-24 Other expenses (24a–d)$79,110
IX-24e All other expenses$6,185
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$217,415
Part X · Balance sheet $448,401 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $14,846$78,792
X-10c Land, buildings and equipment, netStart of year $251,277$228,318
X-11 Publicly traded securitiesStart of year $130,024$141,291
X-16 Total assetsStart of year $444,864$448,401
X-25 Other liabilitiesStart of year $21,761$25,438
X-26 Total liabilitiesStart of year $21,761$25,438
X-27 Net assets without donor restrictionsStart of year $423,103$422,963
X-32 Total net assets or fund balancesStart of year $423,103$422,963
X-33 Total liabilities and net assetsStart of year $444,864$448,401
Part XI · Reconciliation of net assets $422,963 net assets at year end
XI-1 Total revenue$217,275
XI-2 Total expenses$217,415
XI-3 Revenue less expenses−$140
XI-4 Net assets at start of year$423,103
XI-10 Net assets at end of year$422,963

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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