Chi Omega Fraternity is located in Muncie, IN. 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 05/2023, Chi Omega Fraternity generated $94.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $84.7k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROMOTED LASTING AND ENDURING FRIENDSHIPS AMONG ITS MEMBERS, AS WELL AS FOSTERING HIGHER STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR. IT ALSO PROMOTED EDUCATION OF CHAPTER MEMBERS AND THE SOCIAL MILIEU OF BALL STATE UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Teagan Hayes Chapter President | 5 | $0 | |
Alexis Robertson Chapter Vice-President | 5 | $0 | |
Ella Waldspurger Chapter Secretary | 5 | $0 | |
Hannah Avila Chapter Treasurer | 5 | $0 | |
Katherine Pike Member Educator | 2 | $0 | |
Isabelle Ritter Personnel Chair | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $2,459 |
Total Program Service Revenue | $0 |
Membership dues | $91,036 |
Investment income | $53 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $1,306 |
Total Revenue | $94,854 |
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 | $550 |
Occupancy, rent, utilities, and maintenance | $25,575 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $56,522 |
Total expenses | $84,656 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $11,891 |
Other assets | $0 |
Total assets | $11,891 |
Total liabilities | $0 |
Net assets or fund balances | $11,891 |