Alpha Omicron Pi Fraternity INC FY2021 filing

Not tax-deductible

Brentwood, TN501(c)(7)Since 1897EIN 62-0950113

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To encourage a spirit of Fraternity & love among its members. To promote character, dignity, scholarship, and college loyalty. To support the best interests of colleges and universities in which chapters are installed.

$319K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $1.3M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$319K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 26.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $222K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
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
$7.3M
+8% vs prior year
Spent
$4.9M
To programs
0%
Net assets
$32.3M
By yearFY2020–FY2024
Revenue
$7.3M
FY2021▲ +8%
Revenue by fiscal year
FY2020$6.7M
FY2021$7.3M
FY2022$5.8M
FY2023$7.5M
FY2024$5.9M
FY2024$7.2M
Expenses
$4.9M
FY2021▼ -3%
Expenses by fiscal year
FY2020$5.0M
FY2021$4.9M
FY2022$5.4M
FY2023$6.3M
FY2024$5.2M
FY2024$6.6M
Net assets
$32.3M
FY2021▲ +10%
Net assets by fiscal year
FY2020$29.3M
FY2021$32.3M
FY2022$32.3M
FY2023$35.2M
FY2024$36.5M
FY2024$34.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1940.

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

Who runs it and what they're paid

10 people listed on the 990; $319K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$169,744Pt VII · Sec A
General Counsel
$149,702Pt VII · Sec A
International VP
$0Pt VII · Sec A
International VP
$0Pt VII · Sec A
International VP
$0Pt VII · Sec A
International VP
$0Pt VII · Sec A
International VP
$0Pt VII · Sec A
International VP
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kaya Miller$203,395$200,757$190,903$183,583$169,744$90,774
Kandyce Harber$170,141$165,756$160,171$154,926$149,702$145,738
Troylyn Leforge—————$165,868
Amanda Doyle$133,892—————
Jacquelyn Petrucci$106,166$102,697————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Fosters brotherhood, character, and scholarship among college students.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Alpha Omicron Pi Fraternity, Inc. provides services for the undergraduate chapters to support the fraternitys exempt purpose.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$222K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Fees for servicesLn 2g$5.4M
Other incomeLn 4–11$1.5M
Gifts and grantsLn 1h$285K
Money outPt IX
$4.9M
Ln 25
Owns and owesPt X
$32.3M
net assets · Ln 32
Cash and savingsLn 1–2$10.7M
Total assetsLn 16$36.3M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$285K
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$111K
Other incomeLn 4–11$1.5M
Gains on assetsLn 7$56K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$10.7M
Cash and savings togetherLn 1–2$10.7M
InvestmentsLn 11–13$21.7M
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$36.3M
LiabilitiesLn 26$4.0M
Net assetsLn 32$32.3M
OperationsPt I, VI
EmployeesI 558
VolunteersI 62,000
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$9.3M$10.7M
InvestmentsLn 11–13$20.1M$21.7M
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$33.4M$36.3M
LiabilitiesLn 26$4.1M$4.0M
Net assetsLn 32$29.3M$32.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$319K
Other salaries and wagesLn 7$2.0M
Investment management feesLn 11f$12K
Other fees for servicesLn 11g$366K
Office expensesLn 13$77K
OccupancyLn 16$127K
Conferences, conventions and meetingsLn 19$195K
InterestLn 20$109K
Depreciation, depletion and amortizationLn 22$130K
Other expenses (24a–d)Ln 24$1.5M$1.5M
Total functional expensesLn 25$4.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.9M$5.2M$766K$36.5M 990 PDF
FY2023 $7.5M$6.3M$1.1M$35.2M 990 PDF
FY2022 $5.8M$5.4M$452K$32.3M 990 PDF
FY2021 Viewing $7.3M$4.9M$2.4M$32.3M 990 PDF
FY2020 $6.7M$5.0M$1.7M$29.3M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $7,259,741 across 9 lines filed
Lines not itemized here account for $351,162 of total revenue; see the IRS return.
VIII-1d Related organizations$284,857
VIII-1h Total contributions, gifts and grants$284,857
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,358,933$5,358,933
VIII-3 Investment incomeUnrelated business $54,922$54,922
VIII-5 RoyaltiesUnrelated business $234,630$234,630
VIII-6 Net rental income or lossRelated to mission $10,186$10,186
VIII-7 Net gain or loss on sales of assetsUnrelated business $56,047$56,047
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $892,904 · Unrelated business $16,100$909,004
VIII-12 Total revenueRelated to mission $6,613,185 · Unrelated business $361,699 · Excluded from tax $0$7,259,741
Part IX · Statement of functional expenses $4,855,263 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$319,446
IX-7 Other salaries and wages$2,018,276
IX-11f Investment management fees$12,231
IX-11g Other fees for services$365,711
IX-13 Office expenses$77,288
IX-16 Occupancy$127,122
IX-19 Conferences, conventions and meetings$195,223
IX-20 Interest$108,815
IX-22 Depreciation, depletion and amortization$130,400
IX-24 Other expenses (24a–d)Programs $1,500,751$1,500,751
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$4,855,263
Part X · Balance sheet $36,308,552 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $9,334,973$10,706,145
X-4 Accounts receivableStart of year $941,277$919,780
X-8 Inventories for sale or useStart of year $52,576$45,880
X-9 Prepaid expenses and deferred chargesStart of year $159,082$256,235
X-10c Land, buildings and equipment, netStart of year $2,797,319$2,673,222
X-11 Publicly traded securitiesStart of year $2,102,767$2,768,477
X-13 Program-related investmentsStart of year $18,045,909$18,938,813
X-16 Total assetsStart of year $33,433,903$36,308,552
X-17 Accounts payable and accrued expensesStart of year $995,895$1,247,407
X-19 Deferred revenueStart of year $436,050$254,814
X-26 Total liabilitiesStart of year $4,140,720$4,040,400
X-27 Net assets without donor restrictionsStart of year $29,293,183$32,268,152
X-32 Total net assets or fund balancesStart of year $29,293,183$32,268,152
X-33 Total liabilities and net assetsStart of year $33,433,903$36,308,552
Part XI · Reconciliation of net assets $32,268,152 net assets at year end
XI-1 Total revenue$7,259,741
XI-2 Total expenses$4,855,263
XI-3 Revenue less expenses$2,404,478
XI-4 Net assets at start of year$29,293,183
XI-5 Net unrealized gains (losses) on investments$570,491
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,268,152

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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