Chi Omega Fraternity
- Assets
- $129.2k
- Revenue
- $322.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 57-0742538
Organization Overview
Chi Omega Fraternity is located in Columbia, SC. 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 $322.1k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $362.9k 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
FRATERNITY THAT PROMOTES SCHOLARSHIP, FRIENDSHIP, COMMUNITY SERVICE, LEADERSHIP IN UNIVERSITY SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDSHIP/SOCIAL ACTIVITIES THROUGHOUT THE SCHOOL YEAR-INCLUDING RISK MANAGEMENT CONTROLS SUCH AS PAYING FOR SECURITY ADN REQUIRED TRANSPORTATION OF MEMBERS AND THEIR GUESTS/FAMILIES
NEW MEMBER RECRUITMENT AND PROGRAMS AIMED AT EDUCATING MEMBERS ABOUT UNIVERSITY LIFE, DRUG/ALCOHOL AWARENESS, COMMUNITY SERVICE, ENCOURAGING AND SUPPORTING NEW MEMBERS IN ALL AREAS OF COLLEGE LIFE
COMMUNITY SERVICE/UNIVERSITY SERVICE AND SCHOLARSHIP ACTIVITIES WHICH INCLUDES SUPPORTING OTHER UNIVERSITY GROUPS' PROJECTS, COMMUNITY PROJECTS, MAKE-A-WISH FOUNDATION ACTIVITIES-EDUCATING MEMBERS TO BE INVOLVED AND LEARN SKILLS TO ENHANCE VOLUNTEER CAPABILITIES-ALSO SUPPORTING USC EDUCATIONAL FOUNDATION BY ENDOWING AN HONORS COLLEGE SCHOLARSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jadyn Mcdonough President | Officer | 10 | $0 |
Kara Luchessi Vice President | Officer | 10 | $0 |
Riley Fogler Secretary | Officer | 10 | $0 |
Tricia Kocherlakota Treasurer | Officer | 10 | $0 |
Abby Romosca Member Educator | Officer | 10 | $0 |
Olivia Grant Personnel Chair | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $305,854 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,040 |
| Total Program Service Revenue | $0 |
| 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 | $11,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,132 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,414 |
| Office expenses | $25,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,089 |
| Interest | $0 |
| Payments to affiliates | $130,587 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $18,135 |
| Total functional expenses | $362,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,185 |
| Savings and temporary cash investments | $38,039 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,224 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $129,224 |