Chi Omega Fraternity
- Assets
- $37.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Valdosta, GA
- Founding
- 12/1940
- Data as of
- 06/2021
- EIN
- 31-1092643
Organization Overview
Chi Omega Fraternity is located in Valdosta, GA. 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 06/2021, Chi Omega Fraternity generated $73.1k 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 (8.9%) each year. All expenses for the organization totaled $69.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 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 |
|---|---|---|---|
Gracie Bolton President | 20 | $0 | |
Madie Osborne Treasurer | 20 | $0 | |
Maggie Agular Secretary | 20 | $0 | |
Andrienne Fernandez Vice President | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $71,144 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,930 |
| Total Revenue | $73,091 |
| 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 | $625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $320 |
| Other expenses | $68,651 |
| Total expenses | $69,596 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,534 |
| Other assets | $0 |
| Total assets | $37,534 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,534 |
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