Overview
What is Omicron Association Inc?
Omicron Association Inc is a nonprofit organization situated in State College, Pennsylvania, with a postal address at PO Box 905. Its primary purpose is to serve as the proprietor and administrator of a fraternity house located at 408 East Fairmount Avenue. This residence caters to undergraduate students who are part of the Omicron Chapter of the Phi Kappa Tau Fraternity, attending the University Park Campus of the Pennsylvania State University. Additionally, Omicron Association Inc functions as an alumni association for members of the same fraternity chapter. It provides a sense of community and continued support to its alumni.
Is Omicron Association Inc legitimate?
Omicron Association Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Omicron Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Omicron Association Inc?
The Omicron Association Inc primarily serves two purposes. One of its functions is to act as an alumni association, offering support and connection for individuals who were part of the Omicron Chapter of the Phi Kappa Tau Fraternity. The second role of the organization is more tangible; it serves as the proprietor of a fraternity house, providing housing and essential services, such as food, for the undergraduate members of the same chapter who are students at the University Park Campus of Pennsylvania State University. The mission of Omicron Association Inc is not explicitly stated, but its actions suggest a focus on fostering fraternity camaraderie and providing essential living facilities for its members.
Who is the CEO of Omicron Association Inc?
Scott Szathmary is the Chairman of Omicron Association Inc.
What is the revenue of Omicron Association Inc?
Omicron Association Inc's revenue in 2022 was $109,716.
Who are the executives of Omicron Association Inc and what are their salaries?
There 15 volunteers at Omicron Association Inc.
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Omicron Association Inc?
Omicron Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Omicron Association Inc
Omicron Association Inc, as a nonprofit organization, serves dual purposes. Primarily, it functions as an alumni association, catering to the former members of the Omicron Chapter of the Phi Kappa Tau Fraternity. In this capacity, it provides a sense of community and camaraderie for these individuals, fostering a sense of connection and shared experiences.
Secondly, Omicron Association Inc assumes the role of the owner and operator of a fraternity house located at 408 East Fairmount Avenue in State College PA 16801. This residence serves as a home away from home for undergraduate students who are part of the Omicron Chapter of the Phi Kappa Tau Fraternity, studying at the University Park Campus of the Pennsylvania State University. The organization ensures that these students have access to food services and a place to call their own during their academic journey. In essence, Omicron Association Inc plays a significant role in supporting the overall well-being and development of its members, both socially and academically.
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Impact
October, 2024
Omicron Association Inc significantly impacts the community and its membership through its dual functions. By providing and managing a fraternity house at 408 East Fairmount Avenue, the organization ensures that undergraduate members of the Omicron Chapter of the Phi Kappa Tau Fraternity have access to essential housing and food services while they pursue their studies at the University Park Campus of Penn State University. This support fosters a sense of belonging and community among students, contributing to their overall college experience and personal development.
In addition to its housing services, Omicron Association Inc acts as an alumni association, creating a vital network for past members of the fraternity. This connection enables alumni to stay engaged with one another and the active chapter, strengthening ties and encouraging mentorship and support for current students. By facilitating these relationships, the organization contributes to the personal and professional growth of its members, promoting a lasting legacy of camaraderie and support within the fraternity community. Overall, Omicron Association Inc plays a crucial role in enhancing the lives of its members both during their collegiate years and beyond.
This information is meant to be a general summary of Omicron Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $748
- Program Service Revenue: $89,884
- Gross Receipts: $109,716
Assets and Liabilities:
- Total Assets: $1,012,051
- Total Liabilities: $0
- Net Assets: $1,012,051
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Operating a fraternity House
Revenue
$89,884
Organization Details
Founding Year
1930
Phone
(814) 883-1778Principal Officer
Scott Szathmary
Main Address
PO Box 905, State College, PA, 16804
NTEE Category
Code: Z99 - Unknown
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