Lambda Beta House Corporation Of Chi Omega
- Assets
- $1.6m
- Revenue
- $161.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlestown, RI
- Founding
- 03/1998
- Data as of
- 06/2021
- EIN
- 05-0492433
Organization Overview
Lambda Beta House Corporation Of Chi Omega is located in Charlestown, RI. The organization was established in 1998. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2021, Lambda Beta House Corporation Of Chi Omega employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Beta House Corporation Of Chi Omega is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2021, Lambda Beta House Corporation Of Chi Omega generated $161.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $282.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OWNS AND OPERATES A SORORITY HOUSE AT URI
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING & ADMINISTRATION OF THE LAMBDA BETA CHAPTER OF CHI OMEGA AT THE UNIVERSITY OF RHODE ISLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keri Greene Director | OfficerTrustee | 1 | $0 |
Margaret Hogan ESQ President | OfficerTrustee | 1 | $0 |
Lori Gaudette Director | OfficerTrustee | 1 | $0 |
Christine Morrissey Director | OfficerTrustee | 1 | $0 |
Lisa Meller Director | OfficerTrustee | 1 | $0 |
Sheri Tardiff Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $161,765 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $161,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,759 |
| Payroll taxes | $3,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,659 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,941 |
| Insurance | $0 |
| All other expenses | $33,938 |
| Total functional expenses | $282,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,108,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,285 |
| Net Land, buildings, and equipment | $486,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,851 |
| Total assets | $1,604,010 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,196 |
| Total liabilities | $49,196 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,554,814 |
| Total liabilities and net assets/fund balances | $1,604,010 |
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|---|---|---|
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Alpha Epsilon Phi Sorority Inc Danbury, CT | $1,675,626 | $935,849 |
Zeta Phi Chapter House Corp Of Alpha Phi Intrnatl Frat Inc Boston, MA | $2,973,626 | $954,161 |
Alpha Beta Corporation Wakefield, RI | $2,169,290 | $616,339 |
Gloucester Fraternity Club Inc Gloucester, MA | $235,437 | $548,233 |
Alpha Xi Delta Fraternity Andover, MA | $1,559,777 | $597,956 |
Chi Phi Fraternity Inc Newton Lower Falls, MA | $1,444,737 | $751,896 |
Delta Upsilon International Fraternity Inc Concord, MA | $79,906 | $305,305 |
Kappa Kappa Gamma Fraternity Inc Hingham, MA | $1,106,657 | $455,653 |
Sigma Pi Fraternity International Inc Worcester, MA | $176,273 | $405,953 |
Alpha-Omega Charitable Foundation Inc Greenwich, CT | $5,206,746 | $540,391 |