Mission
The foundation provides four-year scholarships to low-income students. The foundation also has a mentoring program that serves 40 students.
Public Charity
DETROIT OMEGA FOUNDATION INCORPORATED
DETROIT OMEGA FOUNDATION INCORPORATED is a Public Charity headquartered in SOUTHFIELD, MI. Financial data from the 2024 filing: $260K revenue, $221K expenses, $548K total assets. 2 publicly reported grants to this organization, totaling roughly $13K, appear in IRS filings.
EIN: 382474892
SOUTHFIELD, MI
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2024
Total Revenue$260K
Total Expenses$221K
Total Assets$548K
Grant Records2
Funding Total$13K
Filing Years2020–2024
Where $100 goes at Detroit Omega Foundation Incorporated
How Detroit Omega Foundation Incorporated divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$91
Programs
the work itself
$9
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $91 for programs
$53
Fundraiser for UNCF
$18
In 2024 the foundation awarded eight new four-year scholarships to low-income students
$11
NYE Gala Celebration Scholarship fundraiser
Plus 3 more programs. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
COMMUNITY & HUMAN SERVICES
$6,000
General Support
$7,295
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
Director
Al Smith
Director
Anthony Smith
President
Benjamin Bohannon
Director
Carlos Spearman
Secretary
Dana Greene
Director
David Forney
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $260K | $221K | $548K |
| 2023 | $96K | $78K | $449K |
| 2022 | $465K | $185K | $451K |
| 2021 | $93K | $57K | $185K |
| 2020 | $39K | $30K | $131K |
Between 2020 and 2024, reported annual revenue grew from $39K to $260K (+563%), with total assets most recently reported at $548K.
Interactive year-over-year charts and full filing details available with membership.