Nonprofit · EIN 22-2608127
OMEGA LIFE MEMBERSHIP FOUNDATION INC
Tax-exempt · WASHINGTON, DC 20090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $936,749 | $920,312 | $16,437 | $11,931,235 | $14,300 | $11,916,935 |
| March 31, 2024 | 990 | $3,640,026 | $848,260 | $2,791,766 | $11,900,498 | $0 | $11,900,498 |
| March 31, 2023 | 990 | $1,059,509 | $678,992 | $380,517 | $9,109,080 | $348 | $9,108,732 |
| March 31, 2022 | 990 | $2,010,899 | $622,864 | $1,388,035 | $8,728,215 | $0 | $8,728,215 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $412,610
- of which government grants
- $412,610
- Program service revenue
- $33,605
- Investment income
- $490,499
- Other revenue
- $35
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $655,365
- Management and general (functional)
- $264,947
Balance sheet and other
- Total assets, start of year
- $11,900,498
- Total assets, end of year
- $11,931,235
- Total liabilities, end of year
- $14,300
- Net assets, end of year
- $11,916,935
- Publicly traded securities
- $10,856,506
- Net assets without donor restrictions
- $635,215
- Net assets with donor restrictions
- $11,281,720
- Gross receipts
- $936,749
- Employees
- 0
- Year formed
- 1984
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BECKLEY | DIRECTOR Trustee or director | 1 | $0 |
| ALBERT BENEFIELD | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY U BOSTWICK | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL A BOYKIN | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| KENNETH BROWN | IMMEDIATE PA Trustee or director | 1 | $0 |
| GARY CLARK | ASST. TREASU Trustee or director, Officer | 2 | $0 |
| GERALD DUGAS | DIRECTOR Trustee or director | 1 | $0 |
| REGINALD HENRY | TREASURER Trustee or director, Officer | 5 | $0 |
| DAVID HOLLIDAY | DIRECTOR Trustee or director | 1 | $0 |
| DEWITT MARTIN | DIRECTOR Trustee or director | 1 | $0 |
| PETER MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| SEDRIC D MYERS | SECRETARY Trustee or director, Officer | 5 | $0 |
| KENNETH PATTERSON | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| GREGORY PITTMAN | DIRECTOR Trustee or director | 1 | $0 |
| MYRON REED | DIRECTOR Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREGORY ACKLES SR | DIRECTOR Trustee or director | 1 | $0 |
| GREGORY BURNETT SR | DIRECTOR Trustee or director | 1 | $0 |
| STANFORD T WILLIAMS | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
990 for the year ended March 31, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R BALL | DIRECTOR Trustee or director | – | $0 |
| KENNETH R BARNES | DIRECTOR Trustee or director | – | $0 |
| FRAZIER R BEATTY | SECRETARY Trustee or director, Officer | – | $0 |
| TERRENCE R BRANCH | DIRECTOR Trustee or director | – | $0 |
| GARY C CLARK | DIRECTOR Trustee or director | – | $0 |
| BRYAN K DIRK | DIRECTOR Trustee or director | – | $0 |
| DR MICHAEL A BOYKIN ESQ | CHAIRMAN OF Trustee or director, Officer | – | $0 |
| BENJAMIN F HILL | DIRECTOR Trustee or director | – | $0 |
| HOWARD JACKSON | TREASURER Trustee or director, Officer | – | $0 |
| EUGENE M HORTON JR | DIRECTOR Trustee or director | – | $0 |
| ALBERT BENIFELD JR | DIRECTOR Trustee or director | – | $0 |
| PERRY CAUDLE JR | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| DARRELL B MCMILLION | DIRECTOR Trustee or director | – | $0 |
| HON GREGORY PITMAN | DIRECTOR Trustee or director | – | $0 |
| MYRON E REED | DIRECTOR Trustee or director | – | $0 |
| GREGORY D BURNETT SR | DIRECTOR Trustee or director | – | $0 |
| SYLVESTER WILKINS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended March 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BECKLEY | DIRECTOR Trustee or director | – | $0 |
| ALBERT BENEFIELD | DIRECTOR Trustee or director | – | $0 |
| ANTHONY U BOSTWICK | DIRECTOR Trustee or director | – | $0 |
| MICHAEL BOYKIN | DIRECTOR Trustee or director | – | $0 |
| KENNETH BROWN | IMMEDIATE PA Trustee or director | – | $0 |
| GARY CLARK | ASST. TREASU Trustee or director, Officer | – | $0 |
| GERALD DUGAS | DIRECTOR Trustee or director | – | $0 |
| REGINALD A HENRY | TREASURER Trustee or director, Officer | – | $0 |
| DAVID HOLLIDAY | DIRECTOR Trustee or director | – | $0 |
| DEWITT MARTIN | DIRECTOR Trustee or director | – | $0 |
| PETER MITCHELL | DIRECTOR Trustee or director | – | $0 |
| SEDRIC D MYERS | SECRETARY Trustee or director, Officer | – | $0 |
| KENNETH PATTERSON | CHAIRMAN Trustee or director, Officer | – | $0 |
| GREGORY PITTMAN | DIRECTOR Trustee or director | – | $0 |
| MYRON REED | DIRECTOR Trustee or director | – | $0 |
| GREGORY ACKLES SR | DIRECTOR Trustee or director | – | $0 |
| GREGORY BURNETT SR | DIRECTOR Trustee or director | – | $0 |
| STANFORD T WILLIAMS | VICE CHAIRMA Trustee or director, Officer | – | $0 |
990 for the year ended March 31, 2022: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH R BARNES | DIRECTOR Trustee or director | 2 | $0 |
| ANTHONY U BOSTWICK | DIRECTOR Trustee or director | 2 | $0 |
| GARY C CLARK | TREASURER Trustee or director, Officer | 4 | $0 |
| BENJAMIN F HILL | DIRECTOR Trustee or director | 2 | $0 |
| DAVID HOLLIDAY | ASST. TREASU Trustee or director, Officer | 4 | $0 |
| MICHAEL A BOYKIN JD | ASST. SECRET Trustee or director, Officer | 4 | $0 |
| HOWARD JACKSON | DIRECTOR Trustee or director | 2 | $0 |
| ALBERT BENIFIELD JR | DIRECTOR Trustee or director | 2 | $0 |
| PERRY CAUDLE JR | DIRECTOR Trustee or director | 2 | $0 |
| STANFORD T WILLIAMS JR | DIRECTOR Trustee or director | 2 | $0 |
| DEWITT D MARTIN | DIRECTOR Trustee or director | 2 | $0 |
| SEDRIC D MYERS | SECRETARY Trustee or director, Officer | 4 | $0 |
| KENNETH PATTERSON | IMMEDIATE PA Trustee or director, Officer | 4 | $0 |
| HON GREGORY C PITTMAN | CHAIRMAN Trustee or director, Officer | 4 | $0 |
| MYRON E REED | DIRECTOR Trustee or director | 2 | $0 |
| GREGORY D BURNETT SR | DIRECTOR Trustee or director | 2 | $0 |
| GREGORY E ACKLES SR | VICE CHAIRMA Trustee or director, Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 92882, WASHINGTON, DC 20090-2882
- In care of
- % REGINALD HENRY CFO
- Principal officer (990 for 2024)
- MICHAEL A BOYKIN, PO BOX 92882, WASHINGTON, DC 200902882
- Signed the 990
- MICHAEL A BOYKIN, CHAIRMAN
- Phone
- (202) 544-0937
- Website
- WWW.OLMF.ORG
- Return prepared by
- BRUNO & TERVALON LLP
Mission
THE ORGANIZATION PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS TO BUILD STRENGTHS OF STUDENTS AND FOCUS ON THE AREAS IN WHICH ACADEMIC DEFICIENCIES MAY BE IMPROVED.
Program accomplishments
- THROUGH OUR COMMITMENT TO PHILANTHROPY, WE HAVE ENABLED COUNTLESS YOUNG PEOPLE, ESPECIALLY THOSE GIFTED IN THE PERFORMING ARTS AND ACADEMIC DISCIPLINES, TO PURSUE THEIR DREAMS AND CONTINUE THEIR DEVELOPMENT.Expenses $505,365
- ORGANIZATION PROVIDES GRANT TO CHAPTERS AND NONPROFIT ORGANIZATIONS FOR OUTREACH PROGRAMS TO HELP BUILD ACADEMIC STRENGTHS IN STUDENTS WITH A FOCUS ON AREAS FOR WHICH ACADEMIC DEFICIENCIES MAY BE IMPROVED.Expenses $150,000
- THE ORGANIZATION PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS TO BUILD STRENGTHS OF STUDENTS AND FOCUS ON THE AREAS IN WHICH ACADEMIC DEFICIENCIES MAY BE IMPROVED.Expenses $485,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2608127
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $11,931,235
- Income (IRS master file)
- $936,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $936,749 | $920,312 | $11,931,235 | XML |
| 990 | March 2024 | $3,640,026 | $848,260 | $11,900,498 | XML |
| 990 | March 2023 | $1,059,509 | $678,992 | $9,109,080 | XML |
| 990 | March 2022 | $2,010,899 | $622,864 | $8,728,215 | XML |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2608127).
Questions about OMEGA LIFE MEMBERSHIP FOUNDATION INC
- What is the EIN of OMEGA LIFE MEMBERSHIP FOUNDATION INC?
- The employer identification number (EIN) of OMEGA LIFE MEMBERSHIP FOUNDATION INC is 22-2608127.
- Is OMEGA LIFE MEMBERSHIP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to OMEGA LIFE MEMBERSHIP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OMEGA LIFE MEMBERSHIP FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OMEGA LIFE MEMBERSHIP FOUNDATION INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OMEGA LIFE MEMBERSHIP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of OMEGA LIFE MEMBERSHIP FOUNDATION INC?
- The 990 for the year ended March 31, 2025 names MICHAEL A BOYKIN.
- Who are the officers and directors of OMEGA LIFE MEMBERSHIP FOUNDATION INC?
- The 990 for the year ended March 31, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does OMEGA LIFE MEMBERSHIP FOUNDATION INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $936,749, expenses of $920,312 and total assets of $11,931,235 at year end.
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