Chi Omega Fraternity Inc
- Assets
- $2.4m
- Revenue
- $788.4k
- Investments
- $0.0
- Employees
- 19
- Location
- Lawrence, KS
- Founding
- 12/1940
- Data as of
- 06/2021
- EIN
- 23-0167220
Organization Overview
Chi Omega Fraternity Inc is located in Lawrence, KS. The organization was established in 1940. 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, Chi Omega Fraternity Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Omega Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Chi Omega Fraternity Inc generated $788.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $805.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. 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
PROVIDE A POSITIVE LIVING ENVIRONMENT FOR APPROXIMATELY 82 YOUNG WOMEN TO SUPPORT A SUCCESSFUL COLLEGIATE EXPERIENCE. ADDITIONALLY, OUR ORGANIZATION SUPPORTS SCHOLARSHIP AND SISTERHOOD ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE LAST FISCAL YEAR, THE ORGANIZATION COMPLETED CAPITAL IMPROVEMENTS, INCLUDING IMPROVMENTS TO THE EXTERIOR, FURNISHINGS, INTERIOR, MECHANICAL AND TECHNOLOGY.
BUILDING MAINTENANCE ON THE HISTORIC RESIDENCE WAS SIGNIFICANT WITH THE LARGEST AMOUNTS GOING TOWARD CLEANING, LANDSCAPING, HEATING AND COOLING.
FOOD EXPENSES MET THE NEEDS OF BOTH LIVE-IN AND LIVE-OUT MEMBERS WHO ALL TAKE ADVANTAGE OF THE MEALS PREPARED ON-SITE.
OTHER EXPENSES SUPPORT THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coleen Kowich House Direct | Officer | 40 | $45,790 |
Julie Murray President | OfficerTrustee | 2 | $0 |
Brooke Yoder Vice Preside | OfficerTrustee | 2 | $0 |
Joanie Bergman Secretary | OfficerTrustee | 2 | $0 |
Jennifer Curtiss Treasurer | OfficerTrustee | 2 | $0 |
Stacey Dillon Director | Trustee | 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 | $783,601 |
| 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 | $788,356 |
| 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. | $44,654 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,095 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,860 |
| Payroll taxes | $10,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,156 |
| Advertising and promotion | $0 |
| Office expenses | $5,077 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,140 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,538 |
| Insurance | $22,516 |
| All other expenses | $2,293 |
| Total functional expenses | $805,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,048 |
| 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 | $23,377 |
| Net Land, buildings, and equipment | $2,328,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,439,302 |
| Accounts payable and accrued expenses | $1,949 |
| Grants payable | $0 |
| Deferred revenue | $245,995 |
| 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 | $566,560 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $814,504 |
| Net assets without donor restrictions | $1,624,798 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,439,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Epsilon Sigma Alpha International Council Council Fort Collins, CO | $3,554,317 | $5,361,378 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Omega Alpha Honor Medical Society Aurora, CO | $27,406,157 | $2,965,525 |
Alpha Phi Omega National Service Fraternity Kansas City, MO | $10,346,073 | $1,755,361 |
Beta Theta Pi Fraternity Columbia, MO | $104,874 | $1,401,653 |
Beta Gamma Sigma Inc Saint Louis, MO | $4,230,139 | $2,194,158 |
Pi Beta Phi Fraternity Town Country, MO | $567,051 | $1,543,595 |
Alpha Gamma Delta Fraternity Oklahoma City, OK | $190,635 | $1,255,527 |
Farm House Fraternity Inc Kansas City, MO | $1,277,925 | $1,565,559 |