Overview
What is Delta Omicron Foundation Inc?
Delta Omicron Foundation Inc is a nonprofit organization committed to fostering music education. By offering music scholarships and grants, they empower talented students in their pursuit of musical studies. The Foundation accepts applications from any music student, evaluating their eligibility based on recommendations, academic performance, accomplishments, and chosen field of study. Furthermore, grants are sanctioned through the approval of a board director, making financial support a significant aspect of their mission.
Official website here: www.dofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Delta Omicron Foundation Inc has received a low rating of 53%, indicating significant room for improvement in its accountability and financial management practices. While the organization does have a fully independent board and has shown no material diversion of assets, it lacks critical policies such as conflict of interest, whistleblower, and document retention policies, which are essential for transparency and accountability.
Despite these weaknesses, the foundation does maintain a solid liabilities to assets ratio of 0.00% and reports a program expense ratio of 51.22%. However, this ratio is relatively low, suggesting that a substantial portion of its expenses may not be directed towards its programs. Transparency issues, especially with missing policies, could hinder potential donors' confidence in the organization.
Overall, while the Delta Omicron Foundation Inc demonstrates some strengths in governance, the significant gaps in policy and lower program expense efficiency contribute to its low rating. Potential donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Delta Omicron Foundation Inc legitimate?
Delta Omicron Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delta Omicron Foundation 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
For more financial information, click here
Official website here: www.dofoundation.org
What is the mission statement of Delta Omicron Foundation Inc?
The Delta Omicron Foundation Inc's mission is centered around supporting music education. They achieve this by offering music scholarships and grants to eligible students. The scholarship awards are merit-based, considering factors such as recommendations, academic performance, achievements, and the student's chosen field of study in music. Additionally, grants are distributed through motions proposed by the foundation's directors. The primary aim of these initiatives is to foster and nurture talent in the field of music education.
Official website here: www.dofoundation.org
Who is the CEO of Delta Omicron Foundation Inc?
Jonny Ramsey is the President of Delta Omicron Foundation Inc.
Official website here: www.dofoundation.org
What is the revenue of Delta Omicron Foundation Inc?
Delta Omicron Foundation Inc's revenue in 2023 was $29,792.
Official website here: www.dofoundation.org
Who are the executives of Delta Omicron Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dofoundation.org
Where can I find the form 990 for Delta Omicron Foundation Inc?
Delta Omicron Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dofoundation.org
Learn more at the official website: www.dofoundation.org
Mission Statement of Delta Omicron Foundation Inc
Delta Omicron Foundation, a dedicated organization, is committed to supporting music education. Their mission is twofold: to award music scholarships and provide grants. Any student pursuing a career in music who applies to the Foundation is eligible for these scholarships. The awards are merit-based, taking into account recommendations, academic performance, achievements, and the student's chosen field of study in music.
Beyond scholarships, Delta Omicron Foundation also provides grants. These grants are issued through a motion made by a director within the organization. The Foundation's financial aid extends to music education, contributing to the nurturing of talented musicians and the preservation of musical heritage. By offering these opportunities, Delta Omicron Foundation aims to foster growth and success in the realm of music, encouraging the next generation of musicians to excel.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Delta Omicron Foundation Inc's impact is significant in the realm of music education. By providing music scholarships and grants to deserving students, the Foundation plays a crucial role in supporting the next generation of musicians. These scholarships are awarded based on recommendations, grade point average, achievements, and course of study, ensuring that talented individuals are given the opportunity to pursue their musical aspirations. Through its dedication to music education, the Delta Omicron Foundation is making a meaningful impact on the lives of music students and enriching the musical landscape in WINFIELD, WV.
This information is meant to be a general summary of Delta Omicron Foundation 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 2023.
- Investment Income: $15,413
- Gross Receipts: $44,900
Assets and Liabilities:
- Total Assets: $311,095
- Total Liabilities: $0
- Net Assets: $311,095
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1958
Principal Officer
Jonny Ramsey
Main Address
2 WYNFIELD TRACE, WINFIELD, WV, 25213
Website
www.dofoundation.orgNTEE Category
Code: B83Z - Education
If you are a representative of Delta Omicron Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.