Chi Omega Fraternity
- Assets
- $73.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ames, IA
- Founding
- 12/1940
- Data as of
- 06/2023
- EIN
- 42-0685036
Organization Overview
Chi Omega Fraternity is located in Ames, IA. 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 06/2023, Chi Omega Fraternity generated $118.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $107.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
TO OPERATE AND MAINTAIN A SUITABLE HOME FOR THE MEMBERS ATTENDING IOWA STATE UNIVERSITY IN AMES, IA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Senden President | 30 | $0 | |
Ella Henrichsen Vice President | 5 | $0 | |
Sophia Steffes Secretary | 4 | $0 | |
Kathy Bui Treasurer | 2 | $0 | |
Nevada Voss New Member Educator | 20 | $0 | |
Grace Wegner Personnel | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,370 |
| Total Program Service Revenue | $0 |
| Membership dues | $105,958 |
| Investment income | $96 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $118,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $29,803 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,937 |
| Total expenses | $107,859 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,184 |
| Other assets | $0 |
| Total assets | $73,184 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,184 |