Chi Omega Fraternity
- Assets
- $31.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 55-6030093
Organization Overview
Chi Omega Fraternity is located in Morgantown, WV. 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 06/2022, Chi Omega Fraternity generated $107.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $95.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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 |
|---|---|---|---|
Morgan Osbourne President | 17 | $0 | |
Mckenna Gray Vice-President | 4 | $0 | |
Margaret Inskeep Secretary | 5 | $0 | |
Izabella Gallo Personnel Chair | 8 | $0 | |
Olivia Quarrick Recruitment Chair | 10 | $0 | |
Jenna Roberts Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,178 |
| Total Program Service Revenue | $0 |
| Membership dues | $94,637 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,622 |
| Total Revenue | $107,442 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $95,737 |
| Total expenses | $95,737 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,919 |
| Other assets | $0 |
| Total assets | $31,776 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,776 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beta Theta Pi Fraternity Oxford, OH | $3,680,117 | $8,942,106 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Beta Theta Pi Fraternity Oxford, OH | $10,733,585 | $6,268,729 |
Delta Gamma Foundation Columbus, OH | $43,080,592 | $13,458,880 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Delta Theta Foundation Oxford, OH | $39,955,120 | $4,831,339 |
Delta Zeta Foundation Oxford, OH | $16,389,397 | $3,220,126 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
Beta Psi House Corporation Of Delta Gamma Fraternity Columbus, OH | $8,243,959 | $1,563,984 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Alpha Psi House Corporation Of Delta Gamma Fraternity Inc Columbus, OH | $10,685,120 | $1,625,378 |