Alpha Kappa Chapter Of Chi Omega House Corporation
- Assets
- $1.6m
- Revenue
- $549.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 02/1989
- Data as of
- 05/2022
- EIN
- 56-1423853
Organization Overview
Alpha Kappa Chapter Of Chi Omega House Corporation is located in Raleigh, NC. The organization was established in 1989. 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 05/2022, Alpha Kappa Chapter Of Chi Omega House Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Kappa Chapter 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 05/2022, Alpha Kappa Chapter Of Chi Omega House Corporation generated $549.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $547.2k during the year ending 05/2022. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
MAINTAINS AND OPERATES AN AFFORDABLE HOUSE FOR THE OPERATIONS OF THE SORORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN AN AFFORDABLE HOUSE FOR THE OPERATIONS OF THE SORORITYAND PROVIDE A PLACE FOR PERSONAL GROWTH WHERE ITS MEMBERS WILLDEVELOP LASTING FRIENDSHIPS AND BUILD THE FOUNDATION FORSUCCESSFUL LEADERSHIP SKILLS THAT CAN BE USED DURING COLLEGIATEYEARS AND BEYOND.
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 |
|---|---|---|---|
Kasey Stone President | OfficerTrustee | 2 | $0 |
Ashley Wissel Secretary | OfficerTrustee | 2 | $0 |
Elizabeth Rainey Treasurer | OfficerTrustee | 2 | $0 |
Rachel Ward Dominico Vice-President | OfficerTrustee | 2 | $0 |
Jessica Medlock Arnold Board Member | Trustee | 2 | $0 |
Madeline Stadler Board Member | Trustee | 2 | $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 | $549,175 |
| Investment income | $26 |
| 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 | $549,201 |
| 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. | $49,079 |
| Compensation of current officers, directors, key employees. | $346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $596 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,682 |
| Insurance | $9,383 |
| All other expenses | $61,309 |
| Total functional expenses | $547,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,238 |
| Savings and temporary cash investments | $173,356 |
| 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 | $26,000 |
| Net Land, buildings, and equipment | $1,162,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280 |
| Total assets | $1,550,433 |
| Accounts payable and accrued expenses | $0 |
| 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 | $313,703 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,352 |
| Total liabilities | $356,055 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,550,433 |
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 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
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 |
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 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |