Based on sedimentary characteristics of the fine-grained rocks of the lower submember of second member of the Lower Cretaceous Shahezi Formation (K1sh2L) in the Lishu rift depression, combined with methods of organic petrology, analysis of major and trace elements as well as biological marker compound, the enrichment conditions and enrichment model of organic matter in the fine-grained sedimentary rocks in volcanic rift lacustrine basin are investigated. The change of sedimentary paleoenvironment controls the vertical distribution of different lithofacies types in the K1sh2L and divides it into the upper and lower parts. The lower part contains massive siliceous mudstone with bioclast-bearing siliceous mudstone, whereas the upper part is mostly composed of laminated siliceous shale and laminated fine-grained mixed shale. The kerogen types of organic matter in the lower and upper parts are types II2–III and types I–II1, respectively. The organic carbon content in the upper part is higher than that in the lower part generally. The enrichment of organic matter in volcanic rift lacustrine basin is subjected to three favorable conditions. First, continuous enhancement of rifting is the direct factor increasing the paleo-water depth, and the rise of base level leads to the expansion of deep-water mudstone/shale deposition range. Second, relatively strong underwater volcanic eruption and rifting are simultaneous, and such event can provide a lot of nutrients for the lake basin, which is conducive to the bloom of algae, resulting in higher productivity of types I–II1 kerogen. Third, the relatively dry paleoclimate leads to a decrease in input of fresh water and terrestrial materials, including Type III kerogen from terrestrial higher plants, resulting in a water body with higher salinity and anoxic stratification, which is more favorable for preservation of organic matter. The organic matter enrichment model of fine-grained sedimentary rocks of volcanic rift lacustrine basin is established, which is of reference significance to the understanding of the organic matter enrichment mechanism of fine-grained sedimentary rocks of Shahezi Formation in Songliao Basin and even in the northeast China.