Form 990 for tax year 2022
Filed by ALPHA OMICRON PI FRATERNITY INC.
Totals
- Total revenue
- $9,668,048
- Total expenses
- $9,498,358
- Contributions and grants received
- $0
- Grants paid
- $4,492
- Program service revenue
- $8,183,081
- Investment income
- $1,480,523
- Other revenue
- $4,444
- Total assets, end of year
- $57,371,927
- Total liabilities, end of year
- $36,980,870
- Net assets or fund balances, end of year
- $20,391,057
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
2a · Program service revenue: Lease Income
total $5,366,441 · related or exempt $5,366,441
-
2b · Program service revenue: Management Fees
total $1,653,925 · related or exempt $1,653,925
-
2c · Program service revenue: Interest on Chapter Loa
total $1,162,715 · related or exempt $1,162,715
-
3 · Investment income
total $163,577 · unrelated business $163,577
-
7a · Gross sales of assets other than inventory
other assets $5,625,000
-
7b · Less cost or other basis and sales expenses
securities $45,439 · other assets $4,262,615
-
7c · Gain or loss
securities -$45,439 · other assets $1,362,385
-
7d · Net gain or loss
total $1,316,946 · unrelated business -$45,439 · excluded $1,362,385
-
11a · Other revenue: Foreign Currency GL
total $4,444 · related or exempt $4,444
-
11e · Other revenue, total
$4,444
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $4,492
-
7 · Other salaries and wages
total $1,115,543
-
11a · Fees: management
total $720
-
11b · Fees: legal
total $10,381
-
11c · Fees: accounting
total $414,267
-
11f · Fees: investment management
total $12,454
-
11g · Fees: other
total $59,942
-
13 · Office expenses
total $44,581
-
20 · Interest
total $1,506,847
-
22 · Depreciation, depletion and amortization
total $1,119,943
-
23 · Insurance
total $53,112
-
24a · Other expenses: Chapter Programs
total $156,076 · program services $156,076
-
24b · Other expenses: Internal Grants
total $5,000,000 · program services $5,000,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,705,446 · end of year $6,410,674
-
4 · Accounts receivable
beginning of year $747,274 · end of year $847,625
-
7 · Other notes and loans receivable
beginning of year $14,450,753 · end of year $14,204,280
-
9 · Prepaid expenses and deferred charges
beginning of year $403,056 · end of year $373,365
-
10a · Land, buildings and equipment: cost or other basis
$44,112,865
-
10b · Land, buildings and equipment: accumulated depreciation
$11,085,325
-
10c · Land, buildings and equipment, net
beginning of year $35,853,325 · end of year $33,027,540
-
11 · Investments: publicly traded securities
beginning of year $2,265,681 · end of year $2,508,443
-
17 · Accounts payable and accrued expenses
beginning of year $4,539,736 · end of year $5,765,269
-
19 · Deferred revenue
beginning of year $1,569,772
-
23 · Secured mortgages and notes payable
beginning of year $32,864,225 · end of year $31,195,801
-
25 · Other liabilities
beginning of year $19,800 · end of year $19,800
-
27 · Net assets without donor restrictions
beginning of year $18,432,002 · end of year $20,391,057
Mission and programs · 2022
Mission
Provide housing for the undergraduate chapters of Alpha Omicron Pi Fraternity, Inc.
-
To encourage a spirit of fraternity & love among its members. To promote character, dignity, scholarship & college loyalty. To support the best interests of colleges and universities in which chapters are installed. Part of the undergraduate experience is to come together in fellowship; the housing is the focal point for activity of a chapter.
As filed on the 2022 return.
Listed in Part VII
-
Kaya Miller
Executive Director
- Total calculated
- $190,903
- From this org
- $0
- From related orgs
- $190,903
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- not reported + $190,903 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $190,903 related
-
Kandyce Harbor
General Counsel
- Total calculated
- $160,171
- From this org
- $0
- From related orgs
- $160,171
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- not reported + $160,171 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $160,171 related
-
Jessie Wang-Grimm
Director
- Total calculated
- $0
- Hours/week
- 8
-
Gayle Fitzpatrick
Director
- Total calculated
- $0
- Hours/week
- 8
-
Susan Bonifield
Director
- Total calculated
- $0
- Hours/week
- 8
-
Ally Rodriguez
Vice President
- Total calculated
- $0
- Hours/week
- 8
-
Cindy Visot
President
- Total calculated
- $0
- Hours/week
- 10
-
Lacey Bowman
International VP of Finance
- Total calculated
- $0
- Hours/week
- 8
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Related organization compensation method (Part I, line 3)
- The Executive Board reviews the Executive Directors performance and votes on compensation accordingly. The Executive Board uses data of comparable compensation for similarly qualified persons in functionally comparable positions at similarly situation organizations. The Director of Finance is sent a letter detailing any salary or benefit changes by the Executive Director.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
Alpha Omicron Pi Fraternity Inc
501c7 · Fraternity · TN
-
AOII Corps - See Supp Information
501c7 · controlled entity
Directly controlled by Alpha Omicron Pi Fraternity Inc
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431209349301028
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