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    <ReturnTs>2025-08-16T02:23:49-07:00</ReturnTs>
    <TaxPeriodEndDt>2024-09-30</TaxPeriodEndDt>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-10-01</TaxPeriodBeginDt>
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      <EIN>821997806</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>OMEGA ALPHA ELDER ASSOCIATION OF ZETA PSI</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>OMEG</BusinessNameControlTxt>
      <PhoneNum>3059728192</PhoneNum>
      <USAddress>
        <AddressLine1Txt>5468 South Ellis Ave</AddressLine1Txt>
        <CityNm>Chicago</CityNm>
        <StateAbbreviationCd>IL</StateAbbreviationCd>
        <ZIPCd>60615</ZIPCd>
      </USAddress>
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    <BusinessOfficerGrp>
      <PersonNm>Oscar Martinez</PersonNm>
      <PersonTitleTxt>Director, Secretary</PersonTitleTxt>
      <PhoneNum>3059728192</PhoneNum>
      <SignatureDt>2025-08-15</SignatureDt>
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    <TaxYr>2023</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
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      <PrincipalOfficerNm>Oscar Martinez</PrincipalOfficerNm>
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        <AddressLine1Txt>5468 S Ellis Ave</AddressLine1Txt>
        <CityNm>Chicago</CityNm>
        <StateAbbreviationCd>IL</StateAbbreviationCd>
        <ZIPCd>60615</ZIPCd>
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      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>2017</FormationYr>
      <LegalDomicileStateCd>IL</LegalDomicileStateCd>
      <ActivityOrMissionDesc>Foster mentorship and interaction between university alumni and undergraduates to facilitate career guidance. Organize philanthropic activites between members and the local university community. Maintain house.</ActivityOrMissionDesc>
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      <VotingMembersIndependentCnt>2</VotingMembersIndependentCnt>
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      <PYTotalExpensesAmt>52548</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>25665</CYTotalExpensesAmt>
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      <TotalAssetsEOYAmt>706957</TotalAssetsEOYAmt>
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      <MissionDesc>The purpose of this organization is to collect dues from its members in order to foster relationships between the active undergraduate students and the many alumni of this social club, so that they may enjoy exclusive functions reserved only for members. In the pursuit of these goals, the organization may pool resources and manpower to undertake philanthropic events and private social gatherings, and maintain a livable student house.</MissionDesc>
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      <Desc>We maintained a club house for events, studying, and general recreation of four members. In addition, we maintained lodging in this house for four members. We were able to provide this for the entire year without interruption. The goal of this is to ensure members have a location to spend time together, hold meetings, and host events for members.</Desc>
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        <Desc>We collected membership dues and pooled them in the pursuit of supporting philanthropy as well as hosting member-only social events. We maintained around sixty members over the year. We hope that supporting philanthropy events and hosting member-only events serves to better bond our members in social pursuits as well as advance charitable causes. Membership number is an estimate of the average over the year, as active numbers on campus change with members graduating or moving away. Donation amount is reflective of clear spending by the organization, and does not reflect the labor and additional donations made by our members on their personal volition.</Desc>
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        <PhoneNum>3059728192</PhoneNum>
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          <CityNm>Chicago</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60615</ZIPCd>
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        <TitleTxt>individual director, officer secretary, president</TitleTxt>
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        <PersonNm>Itai Fruchter</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>Satvik Jain</PersonNm>
        <TitleTxt>Individual Director</TitleTxt>
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      <ReconcilationRevenueExpnssAmt>-18055</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>0</NetUnrlzdGainsLossesInvstAmt>
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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>0</FSAuditedInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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        <LoanPurposeTxt>Refinance real estate club house</LoanPurposeTxt>
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        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>Omega Alpha chapter of the Zeta Psi fraternity. Members are members in so far that they participate in governance, but they DO NOT receive distributions of income or assets from the organization. Members participate in governance in so far that they can approve significant decisions of the governing body.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>In the event of a vacancy, alumni members of the fraternity can elect a new member to the governing body.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 7b</FormAndLineReferenceDesc>
        <ExplanationTxt>Members described above approve board decisions relating to the property financing.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 8a</FormAndLineReferenceDesc>
        <ExplanationTxt>Organization has no formal policies for documentaion of meetings and written actions of its governing body. Most of organization's main meeting points and decisions are generally reiterated via electronic messages, leaving a written log of significant decisions and topics; however these are not necessarily in a formal style. Decisions of the governing body are also relayed to organization members via electronic communication, offering a clear summary of events.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 8b</FormAndLineReferenceDesc>
        <ExplanationTxt>Organization has no formal policies for documentaion of meetings and written actions of its governing body. Most of organization's main meeting points and decisions are generally reiterated via electronic messages, leaving a written log of significant decisions and topics; however these are not necessarily in a formal style. Decisions of the governing body are also relayed to organization members via electronic communication, offering a clear summary of events.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>No formal process used.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>Organization made its governing documents and financial statements as represented in form 990 available upon request on site for the public at main operating address 5468 S Ellis Ave Chicago, IL 60615. Organization has no formal conflict of interest policy.</ExplanationTxt>
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          <CityNm>Chicago</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60615</ZIPCd>
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        <PrimaryActivitiesTxt>Hold house real estate</PrimaryActivitiesTxt>
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      <ExplanationTxt>The system is saying the filing is late by East Coast hours, but our team handling this is on pacific time. We were only late by a couple minutes in the local time of the filer.</ExplanationTxt>
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