Sigma Lambda Chapter Of Chi Omega Fraternity House Corporation
- Assets
- $390.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troutville, VA
- Founding
- 06/1993
- Data as of
- 07/2022
- EIN
- 54-1566888
Organization Overview
Sigma Lambda Chapter Of Chi Omega Fraternity House Corporation is located in Troutville, VA. The organization was established in 1993. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Lambda Chapter Of Chi Omega Fraternity 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 07/2022, Sigma Lambda Chapter Of Chi Omega Fraternity House Corporation generated $50.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $24.9k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING AND SOCIAL ACTIVITIES FOR A FRATERNAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Heaslip President | 2 | $0 | |
Andrea Anderson Treasurer | 2 | $0 | |
Allison Hamborsky Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $50,210 |
| Investment income | $140 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,350 |
| 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 | $695 |
| Occupancy, rent, utilities, and maintenance | $15,877 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,315 |
| Total expenses | $24,887 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $325,430 |
| Other assets | $0 |
| Total assets | $390,945 |
| Total liabilities | $9,557 |
| Net assets or fund balances | $381,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Phi Beta Kappa Society Washington, DC | $4,794,114 | $5,810,818 |
Zeta Phi Beta Sorority Inc Washington, DC | $20,915,125 | $7,582,963 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Beta Sigma Fraternity Inc Washington, DC | $7,959,473 | $5,690,900 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |