Chi Omega Fraternity
- Assets
- $23.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 12/1940
- Data as of
- 06/2024
- EIN
- 31-0999765
Organization Overview
Chi Omega Fraternity is located in Greensboro, NC. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Chi Omega Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Chi Omega Fraternity generated $38.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $43.9k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriela Suarez-Arellano President | 10 | $0 | |
Vivi Smith Rodrigues Vice President | 5 | $0 | |
Liz Schlaffer Secretary | 10 | $0 | |
Sasharae Brown Treasurer | 4 | $0 | |
Shea Wargo New Member Educator | 3 | $0 | |
Juana Perez Personnel Chair | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,325 |
| Membership dues | $37,163 |
| Investment income | $245 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,737 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $405 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,541 |
| Total expenses | $43,946 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,633 |
| Other assets | $0 |
| Total assets | $23,633 |
| Total liabilities | $9,522 |
| Net assets or fund balances | $14,111 |