Nonprofit · EIN 87-2719031
OMICRON IOTA LAMBDA FOUNDATION INC
Tax-exempt · COLUMBIA, SC 29211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $27,031 | $17,908 | $9,123 | $23,656 | $0 | $23,656 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $6,459
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $20,572
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $17,856
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $52
Balance sheet and other
- Total assets, start of year
- $14,068
- Total assets, end of year
- $23,656
- Total liabilities, end of year
- $0
- Net assets, end of year
- $23,656
- Cash, savings and investments
- $23,656
- Gross receipts
- $35,663
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Wilson | President | 2 | $0 |
| Charles DuRant | Vice President | 2 | $0 |
| Brian Gaines | Treasurer | 2 | $0 |
| Edgar Smith | Board Member | 2 | $0 |
| Travis Smith | Board Member | 2 | $0 |
| Eric Freeman | Board Member | 2 | $0 |
| Thomas Rivers | Board Member | 2 | $0 |
| Lamont Moore | Board Member | 2 | $0 |
| Von Moore | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12603, COLUMBIA, SC 29211-2603
- Mailing address (990-N for 2025)
- PO Box 12603, Columbia SC 29211
- Principal officer (990-N for 2025)
- Brian J Gaines, 1019 Darlington Street, Columbia SC 29201
- Signed the 990-EZ
- Brian Gaines, Board Member
- Phone
- (803) 447-3876
Mission
Develop and promote education through scholarships, tutoring, mentoring, youth development, the elimination of illiteracy, juvenile delinquency prevention and other programs.
Program accomplishments
- This year, the organization contributed funds to the March of Dimes, we awarded four scholarships to college-bound minority males and provided funding to support the fraternity's continuation of community service initiatives namely the Alpha Academy minority male mentorship program.grants $17,856
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-2719031
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Brian J Gaines | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2024 Officer: Brian J Gaines | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $27,031 | $17,908 | $23,656 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Brian J Gaines | December 31, 2021 | ≤ $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 87-2719031).
Questions about OMICRON IOTA LAMBDA FOUNDATION INC
- What is the EIN of OMICRON IOTA LAMBDA FOUNDATION INC?
- The employer identification number (EIN) of OMICRON IOTA LAMBDA FOUNDATION INC is 87-2719031.
- Is OMICRON IOTA LAMBDA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to OMICRON IOTA LAMBDA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OMICRON IOTA LAMBDA FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of OMICRON IOTA LAMBDA FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OMICRON IOTA LAMBDA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of OMICRON IOTA LAMBDA FOUNDATION INC?
- The 990-N for 2025 names Brian J Gaines.
- Who are the officers and directors of OMICRON IOTA LAMBDA FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2023 lists 9 people; 0 received compensation from the organization.
- How much revenue does OMICRON IOTA LAMBDA FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $27,031, expenses of $17,908 and total assets of $23,656 at year end.
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