Overview
What is Beta Chapter Of Omega Nu Foundation?
The Beta Chapter of Omega Nu Foundation is a nonprofit organization that actively raises funds to support its community. Through their two significant annual events, they manage to collect substantial resources, which are then distributed as donations to benefit numerous individuals locally. The organization's primary mission revolves around fundraising, contributing to the betterment of hundreds of people in their community.
Official website here: www.omeganu.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Beta Chapter of Omega Nu Foundation received a solid rating of 76%, indicating a fair level of accountability and financial health. The organization boasts 100% of its board members being independent, which reflects strong governance practices. Additionally, there are no material diversions of assets, and a favorable liabilities-to-assets ratio of 0.00% suggests a stable financial position.
However, there are some areas for improvement, specifically regarding governance policies. The absence of both a conflict of interest policy and a whistleblower policy has resulted in lower scores in those categories. Additionally, while the charity maintains transparency by listing its tax form on its website and documenting board meeting minutes, it could enhance its practices by addressing these missing policies to strengthen stakeholder trust and oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Beta Chapter Of Omega Nu Foundation legitimate?
Beta Chapter Of Omega Nu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beta Chapter Of Omega Nu Foundation 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.omeganu.net
What is the mission statement of Beta Chapter Of Omega Nu Foundation?
The Beta Chapter of Omega Nu Foundation's primary focus is fundraising. They conduct two significant events annually, which yield substantial funds. These funds are then distributed to benefit numerous individuals in the community, providing them with financial aid through donations. The foundation's mission revolves around fundraising, aiming to make a positive impact on the lives of many.
Official website here: www.omeganu.net
What is the revenue of Beta Chapter Of Omega Nu Foundation?
Beta Chapter Of Omega Nu Foundation's revenue in 2024 was $42,369.
Official website here: www.omeganu.net
Who are the executives of Beta Chapter Of Omega Nu Foundation and what are their salaries?
There 24 volunteers at Beta Chapter Of Omega Nu Foundation.
Here are 7 key members and their salaries:
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Official website here: www.omeganu.net
Where can I find the form 990 for Beta Chapter Of Omega Nu Foundation?
Beta Chapter Of Omega Nu Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.omeganu.net
Learn more at the official website: www.omeganu.net
Mission Statement of Beta Chapter Of Omega Nu Foundation
Beta Chapter of Omega Nu Foundation is a community-focused organization that carries out its mission primarily through fundraising activities. Each year, it organizes two significant events, which serve as primary sources of income. The funds raised during these events are then distributed to benefit numerous individuals within the community. The Foundation's primary goal is to generate funds through these events, thereby contributing positively to the lives of hundreds in the area.
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Impact
October, 2024
The Beta Chapter of Omega Nu Foundation has made a significant impact in the Chico community through its dedicated fundraising efforts. By organizing two major fundraisers each year, the foundation generates essential funds that directly benefit hundreds of local residents. These initiatives not only provide financial assistance but also foster a spirit of philanthropy, empowering community members and enhancing the overall well-being of the area. Through their commitment to fundraising, the Beta Chapter plays a crucial role in addressing various needs within the community, ensuring that support reaches those who require it most.
This information is meant to be a general summary of Beta Chapter Of Omega Nu Foundation. 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 2024.
- Investment Income: $19,340
- Gross Receipts: $169,812
Assets and Liabilities:
- Total Assets: $503,860
- Total Liabilities: $0
- Net Assets: $503,860
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Organization Details
Founding Year
2000
Principal Officer
Jeffery Dematteis
Website
www.omeganu.netNTEE Category
Code: T30 - Philanthropy
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