Pi Beta Of Chi Omega House Corporation
- Assets
- $479.6k
- Revenue
- $461.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 46-3578806
Organization Overview
Pi Beta Of Chi Omega House Corporation is located in Minneapolis, MN. The organization was established in 2016. 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 06/2022, Pi Beta Of Chi Omega House Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Beta Of Chi 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 06/2022, Pi Beta Of Chi Omega House Corporation generated $461.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $452.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE, OPERATE AND MAINTAIN FACILITY FOR THE USE AND BENEFIT OF PI BETA CHAPTER OF CHI OMEGA SORORITY AT THE UNIVERSITY OF MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING WITH THE CURRENT LEASE FOR UP TO 40 WOMEN WHO ARE MEMBERS OF THE PI BETA CHAPTER OF CHI OMEGA SORORITY AT THE UNIVERSITY OF MINNESOTA. IN ADDITION, TO SUPPORT THE ENTIRE MEMBERSHIP WHICH CONSISTS OF AS MANY AS 80 OR MORE WOMEN WHO LIVE OUTSIDE THE HOUSING FACILITY. A FULL TIME HOUSE DIRECTOR IS EMPLOYED TO PROVIDE FOR THE SOCIAL WELL BEING OF ALL UNDERGRADUATE MEMBERS. MEALS ARE PROVIDED FOR THE WOMEN LIVING IN THE CHAPTER FACILITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Huberty President | OfficerTrustee | 10 | $0 |
Mamie Jin Treasurer | OfficerTrustee | 10 | $0 |
Vanessa Orcutt Secretary | OfficerTrustee | 5 | $0 |
Lee Herum Faciliites Director | Trustee | 15 | $0 |
Erica Steffenson Hcb Member | Trustee | 5 | $0 |
Jordan Boyd Hcb Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $458,342 |
| Investment income | $275 |
| 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 | $461,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,267 |
| Payroll taxes | $4,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960 |
| Fees for services: Accounting | $3,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,241 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $369 |
| Interest | $686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,600 |
| Insurance | $2,187 |
| All other expenses | $0 |
| Total functional expenses | $452,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,368 |
| Savings and temporary cash investments | $365,182 |
| 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 |
| Net Land, buildings, and equipment | $75,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $396 |
| Intangible assets | $0 |
| Other assets | $17,000 |
| Total assets | $479,550 |
| Accounts payable and accrued expenses | $5,523 |
| 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 | $139,108 |
| Other liabilities | $18,150 |
| Total liabilities | $162,781 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $316,769 |
| Total liabilities and net assets/fund balances | $479,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Chi Omega Fraternity Minneapolis, MN | $163,494 | $592,068 |
Alpha Gamma Delta Fraternity Ames, IA | $145,177 | $560,203 |
Sigma Chi Fraternity Minneapolis, MN | $88,169 | $515,786 |
Gamma Phi Beta Sorority Inc Ames, IA | $64,627 | $581,753 |
Pi Sigma Epsilon Inc Milwaukee, WI | $511,121 | $648,587 |
Sigma Nu Fraternity Beta Mu Chapter Iowa City, IA | $52,489 | $439,030 |
Gamma Phi Beta Sorority Inc Iowa City, IA | $451,815 | $470,283 |