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Nonprofit · EIN 38-2474892

DETROIT OMEGA FOUNDATION INCORPORATED

Tax-exempt (reinstated) · SOUTHFIELD, MI 48037

Financials

$465K$185K2022$96K$78K2023$260K$221K2024
Revenue Expenses · by fiscal year end
Financials of DETROIT OMEGA FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$259,940$220,606$39,334$548,362$100,525$447,837
December 31, 2023990$95,997$78,009$17,988$448,792$40,292$408,500
December 31, 2022990 (amended)$464,687$184,946$279,741$451,018$60,506$390,512
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$259,940
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$212,240
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$212,240
Management and general (functional)
$8,366

Balance sheet and other

Total assets, start of year
$448,792
Total assets, end of year
$548,362
Total liabilities, end of year
$100,525
Net assets, end of year
$447,837
Publicly traded securities
$79,714
Net assets without donor restrictions
$422,537
Net assets with donor restrictions
$25,297
Gross receipts
$259,940
Employees
0
Volunteers
0
Year formed
1982
State of legal domicile
MI

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Benjamin BohannonPresident
Officer
8$0
Lynn SandersVice President
Officer
6$0
Evester Carter JrTreasurer
Officer
6$0
Derrick RegisterDirector
Trustee or director
1$0
Glenn McIntoshDirector
Trustee or director
1$0
Dana GreeneSecretary
Officer
4$0
Harold TylerDirector
Trustee or director
2$0
David ForneyDirector
Trustee or director
1$0
Edwynn BellDirector
Trustee or director
2$0
Lester ThomasDirector
Trustee or director
2$0
Rod WalkerDirector
Trustee or director
2$0
Al SmithDirector
Trustee or director
2$0
Anthony SmithDirector
Trustee or director
2$0
Carlos SpearmanDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
Benjamin BohannonPresident
Officer
8$0
Lynn SandersVice President
Officer
6$0
Evester Carter JrTreasurer
Officer
6$0
Derrick RegisterDirector
Trustee or director
1$0
Glenn McIntoshDirector
Trustee or director
1$0
Keith SyrkettSecretary
Officer
4$0
Harold TylerDirector
Trustee or director
2$0
David ForneyDirector
Trustee or director
1$0
Edwynn BellDirector
Trustee or director
2$0
Lester ThomasDirector
Trustee or director
2$0
Cliff PowellDirector
Trustee or director
2$0
990 for the year ended December 31, 2022: 11 people
NameTitleHours / weekCompensation
Lee E OliphantPresident
Officer
8$0
Benjamin BohannonVice President
Officer
6$0
Evester Carter JrTreasurer
Officer
6$0
Dana GreeneSecretary
Officer
4$0
Derrick RegisterDirector
Trustee or director
2$0
Glenn McIntoshDirector
Trustee or director
1$0
Keith SyrkettDirector
Trustee or director
3$0
Harold TylerDirector
Trustee or director
2$0
Shawn McElroyDirector
Trustee or director
1$0
Myron LloyddDirector
Trustee or director
2$0
David ForneyDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 327, SOUTHFIELD, MI 48037-0327
In care of
% BENJAMIN BOHANNON
Mailing address (990-N for 2017)
P O BOX 327, Southfield MI 48037
Principal officer (990 for 2024)
Benjamin Bohannon, PO BOX 327, SOUTHFIELD, MI 480370327
Principal officer (990-N for 2017)
Rodd Monts, P O BOX 327, Southfield MI 48037
Signed the 990
Evester Carter Jr, Treasurer
Phone
(313) 875-9980

Mission

The foundation provides four-year scholarships to low-income students. The foundation also has a mentoring program that serves 40 students.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024 the foundation awarded eight new four-year scholarships to low-income students. In addition there were returning recipients who were eligible to receive financial assistance.
    Expenses $42,000 · grants $42,000
  • NYE Gala Celebration Scholarship fundraiser
    Expenses $24,747 · revenue $30,711
  • Fundraiser for UNCF
    Expenses $123,560 · grants $123,560 · revenue $131,330
  • Scholar Luncheon
    Expenses $1,230
  • In 2024 the foundation conducted four mentoring programs weekly at local community recreation and schools centers.
    Expenses $5,498
  • Raffle Prize
    Expenses $15,205

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-2474892
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$548,362
Income (IRS master file)
$259,940

Revocation and reinstatement

Exemption revoked
May 15, 2011
Posted by the IRS
May 14, 2012
Reinstated
Effective February 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$259,940$220,606$548,362XML
990December 2023$95,997$78,009$448,792XML
990December 2022$464,687$184,946$451,018XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2017
Officer: Rodd Monts
December 31, 2017≤ $50,000 receipts––e-Postcard

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 38-2474892).

Questions about DETROIT OMEGA FOUNDATION INCORPORATED

What is the EIN of DETROIT OMEGA FOUNDATION INCORPORATED?
The employer identification number (EIN) of DETROIT OMEGA FOUNDATION INCORPORATED is 38-2474892.
Is DETROIT OMEGA FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective February 15, 2012.
Are donations to DETROIT OMEGA FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DETROIT OMEGA FOUNDATION INCORPORATED 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 DETROIT OMEGA FOUNDATION INCORPORATED due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DETROIT OMEGA FOUNDATION INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DETROIT OMEGA FOUNDATION INCORPORATED?
The 990 for the year ended December 31, 2024 names Benjamin Bohannon.
Who are the officers and directors of DETROIT OMEGA FOUNDATION INCORPORATED?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does DETROIT OMEGA FOUNDATION INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $259,940, expenses of $220,606 and total assets of $548,362 at year end.

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