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Nonprofiteer
← OMICRON FOUNDATION INC

Form 990 for tax year 2024

Filed by OMICRON FOUNDATION INC.

Totals

Total revenue
$475,154
Total expenses
$417,435
Contributions and grants received
$246,147
Grants paid
$0
Program service revenue
$222,272
Investment income
$6,735
Other revenue
$0
Total assets, end of year
$1,159,088
Total liabilities, end of year
$66,881
Net assets or fund balances, end of year
$1,092,207
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $246,147

  • 2a · Program service revenue: OTHER INCOME

    total $222,272 · related or exempt $222,272

  • 3 · Investment income

    total $6,735 · excluded $6,735

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $3,958

  • 16 · Occupancy

    total $143,497

  • 17 · Travel

    total $1,929

  • 21 · Payments to affiliates

    total $42,910

  • 22 · Depreciation, depletion and amortization

    total $25,577

  • 23 · Insurance

    total $21,855

  • 24a · Other expenses: MEAL PLAN

    total $116,622

  • 24b · Other expenses: CHAPTER ALLOTMENTS

    total $47,339

  • 24c · Other expenses: TAXES

    total $6,133

  • 24d · Other expenses: ADMIN/NEWSLETTER

    total $4,586

  • 24e · All other expenses

    total $3,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $464,186 · end of year $489,938

  • 4 · Accounts receivable

    beginning of year $4,696 · end of year $4,696

  • 10a · Land, buildings and equipment: cost or other basis

    $1,039,267

  • 10b · Land, buildings and equipment: accumulated depreciation

    $374,813

  • 10c · Land, buildings and equipment, net

    beginning of year $629,308 · end of year $664,454

  • 25 · Other liabilities

    beginning of year $63,702 · end of year $66,881

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,034,488 · end of year $1,092,207

Mission and programs · 2024

Mission

TO PROVIDE HOUSING FOR THE ORGANIZATION'S MEMBERS.

Activities or mission (Part I)

FRATERNAL ORGANIZATION

  • TO PROVIDE FRATERNITY MEMBERS HOUSING AND SPACE TO HOLD ACTIVITIES.

As filed on the 2024 return.

Listed in Part VII

  • David Dworkin

    EXECUTIVE TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robert Koncelik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • David Straus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0
  • Mark Levy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202523009349302407

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