OMICRON DELTA KAPPA SOCIETY AND EDUCATIONAL FOUNDATION INC

EIN: 611216165 501(c)(3) Education

LEXINGTON, VA

Total Revenue
$1,007,081
Total Expenses
$1,409,234
Total Assets
$3,824,565
Net Assets
$3,676,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
KY
Principal Officer
MICHAEL BENSON
Phone
5404585336
Tax Period
2023-07-01 to 2024-06-30

OMICRON DELTA KAPPA SOCIETY AND EDUCATIONAL FOUNDATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE SOCIETY IS A LEADERSHIP HONOR SOCIETY WITH A THREEFOLD PURPOSE:A. TO RECOGNIZE INDIVIDUALS WHO HAVE ATTAINED A HIGH STANDARD OF LEADERSHIP IN COLLEGIATE AND/OR COMMUNITY ACTIVITIES AND TO ENCOURAGE THEM TO ASPIRE TO HIGHER ACHIEVEMENTS.B. TO BRING TOGETHER THE MOST REPRESENTATIVE INDIVIDUALS IN ALL PHASES OF COLLEGIATE LIFE AND, THUS, TO CREATE AN ORGANIZATION WHICH WILL HELP MOLD THE SENTIMENT OF THE INSTITUTION ON QUESTIONS OF LOCAL AND INTERCOLLEGIATE INTEREST. C. TO BRING TOGETHER MEMBERS OF THE FACULTY AND STUDENT BODY OF THE INSTITUTION, AS WELL AS OTHER SOCIETY MEMBERS, ON A BASIS OF MUTUAL INTEREST, UNDERSTANDING AND HELPFULNESS.

Program Service Accomplishments

Program 1
Expenses: $199,011

CONVENTIONS

Program 2
Expenses: $106,354 Revenue: $55,013

CONFERENCES & MEETINGS---IN ADDITION TO THE BOARD OF TRUSTEES, OMICRON DELTA KAPPA BENEFITS FROM THE ACTIVITIES OF A STUDENT ADVISORY BOARD. CONFERENCES AND MEETINGS FACILITATE THE IMPLEMENTATION OF...

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CONFERENCES & MEETINGS---IN ADDITION TO THE BOARD OF TRUSTEES, OMICRON DELTA KAPPA BENEFITS FROM THE ACTIVITIES OF A STUDENT ADVISORY BOARD. CONFERENCES AND MEETINGS FACILITATE THE IMPLEMENTATION OF THE ADOPTED LONG RANGE PLAN WHICH HAS AS ITS GOALS 1) INCREASE MEMBERSHIP AND ENHANCE MEMBER PARTICIPATION 2) ADVANCE LEADERSHIP EDUCATION 3) DEVELOP STRATEGIC ALLIANCES 4) STRENGTHEN AND ENHANCE PROGRAMS 5) DIVERSIFY AND INCREASE REVENUE 6) RECRUIT AND RETAIN PERSONNEL AND VOLUNTEERS AND 7) INCREASE CHARITABLE RESOURCES.

Program 3
Expenses: $430,877 Revenue: $37,780

VISITATION AND SUPPORT TO "CIRCLES" AT INDIVIDUAL COLLEGES AND UNIVERSITIES INCLUDING THE INITIATION AND RECOGNITION OF NEW MEMBERS. THE PROGRAM IS PARTICULARLY ATTENTIVE TO CIRCLES THAT ARE AT RISK...

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VISITATION AND SUPPORT TO "CIRCLES" AT INDIVIDUAL COLLEGES AND UNIVERSITIES INCLUDING THE INITIATION AND RECOGNITION OF NEW MEMBERS. THE PROGRAM IS PARTICULARLY ATTENTIVE TO CIRCLES THAT ARE AT RISK OR DECLINING IN ACTIVITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $824,891
Program Service Revenue $61,013
Investment Income $85,550
Other Revenue $35,627
TOTAL REVENUE $1,007,081

Expense Breakdown

Grants Paid $72,446
Salaries & Benefits $817,161
Fundraising Expenses $187,886
Program Expenses $889,615
Other Expenses $519,627
TOTAL EXPENSES $1,409,234

Year-over-Year Comparison

2023 2022 Change
Revenue $1,007,081 $1,070,856 -0.1%
Expenses $1,409,234 $1,195,790 +0.2%
Net Income $-402,153 $-124,934 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
11
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$173,116
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T BENSON BOARD CHAIR 2.00
Officer Director
$0 $0 $0
CHARLEY PRIDE FACULTY/STAFF TRUSTEE 2.00
Director
$0 $0 $0
ANGELIQUE M MEVORAH IMMEDIATE PAST NATIONAL ST 2.00
Director
$0 $0 $0
PETER A CHRISTIAANS IMMEDIATE PAST BOARD CHAIR 2.00
Director
$0 $0 $0
BRIAN L HAGER NATIONAL COUNSEL 2.00
Director
$0 $0 $0
JESSICA E MCCLAIN NATIONAL TREASURER 2.00
Officer Director
$0 $0 $0
MONEQUE WALKER-PICKETT NATIONAL DIVERSITY OFFICER 2.00
Director
$0 $0 $0
KIMBERLY MOORE TRUSTEE 2.00
Director
$0 $0 $0
MAUREEN E A MORGAN BOARD CHAIR-ELECT 2.00
Director
$0 $0 $0
PATSY DOERR TRUSTEE 2.00
Director
$0 $0 $0
JADE METCALF TRUSTEE 2.00
Director
$0 $0 $0
REBEKAH LASSITER NATIONAL STUDENT VICE CHAI 2.00
Director
$0 $0 $0
SUZANNE C CRANDALL TRUSTEE 2.00
Director
$0 $0 $0
COURTNEY WORSHAM FACULTY/STAFF TRUSTEE 2.00
Officer Director
$0 $0 $0
SHERIDAN W S HENSON FACULTY/STAFF TRUSTEE 2.00
Director
$0 $0 $0
ANDREW L MACQUEEN TRUSTEE 2.00
Director
$0 $0 $0
PAULA MARINO TRUSTEE 2.00
Director
$0 $0 $0
ALBERT MOSLEY TRUSTEE 2.00
Director
$0 $0 $0
JOHN T ROBERSON TRUSTEE 2.00
Director
$0 $0 $0
GENE SIEGAL TRUSTEE 2.00
Director
$0 $0 $0
JIM VICKREY TRUSTEE 2.00
Director
$0 $0 $0
BROOKE DOMINIAK NATIONAL STUDENT VICE CHAI 2.00
Director
$0 $0 $0
BETSY DUNN-WILLIAMS CHAIR NATIONAL LEADERSHIP 2.00
Director
$0 $0 $0
MONTRESSA L WASHINGTON TRUSTEE 2.00
Director
$0 $0 $0
KEITH WYSOCKI TRUSTEE 2.00
Director
$0 $0 $0
SANDY THURMOND TRUSTEE 2.00
Director
$0 $0 $0
JENNIFER WALLER PRESIDENT AND CEO 40.00
Officer
$150,000 $23,116 $173,116
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,007,081 $1,409,234 $3,824,565 $-402,153
2023 $1,070,856 $1,195,790 $3,971,582 $-124,934
2022 $1,527,453 $1,337,355 $3,864,125 $190,098
2022 $1,527,453 $1,337,355 $3,929,151 $190,098
2021 $1,594,905 $1,075,974 $4,266,368 $518,931
2021 $1,594,905 $1,010,948 $4,331,394 $583,957
2020 $1,079,515 $1,060,174 $3,360,589 $19,341
2019 $935,078 $956,065 $3,216,256 $-20,987
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