Gamma Omega House Corporation
- Assets
- $427.9k
- Revenue
- $186.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Springfield, OH
- Founding
- 01/1973
- Data as of
- 06/2021
- EIN
- 31-0787762
Organization Overview
Gamma Omega House Corporation is located in Springfield, OH. The organization was established in 1973. 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, Gamma Omega House Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gamma Omega House Corporation 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, Gamma Omega House Corporation generated $186.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $223.4k 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
THE ORGANIZATION MAINTAINS AND OPERATES A SORORITY HOUSE FOR THE BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANZATION PROVIDES ROOM, BOARD, SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caren Brandenburg Secretary/co | Trustee | 10 | $0 |
Claire Deweese Director | Trustee | 1 | $0 |
Sarah Hettich Director | Trustee | 1 | $0 |
Sheryl Jones President | Trustee | 10 | $0 |
Mackenzi Moorhead Director | Trustee | 1 | $0 |
Rachael Roach Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Investment income | $146 |
| 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 | $186,492 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $35,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,020 |
| Fees for services: Accounting | $19,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $895 |
| Advertising and promotion | $0 |
| Office expenses | $2,992 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,131 |
| Travel | $4,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,020 |
| Insurance | $2,092 |
| All other expenses | $0 |
| Total functional expenses | $223,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,284 |
| Savings and temporary cash investments | $328,030 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $427,874 |
| 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 | $1,400 |
| Total liabilities | $1,400 |
| 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 |
| Total liabilities and net assets/fund balances | $426,474 |
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