Chi Omega Fraternity
- Assets
- $225.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Athens, GA
- Founding
- 12/1940
- Data as of
- 06/2023
- EIN
- 58-0574873
Organization Overview
Chi Omega Fraternity is located in Athens, GA. 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 06/2023, Chi Omega Fraternity generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FRATERNAL ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY SORORITY, PROVIDING ACADEMIC, FRATERNAL, AND SOCIAL SUPPORT, INTERACTION, AND ACTIVITIES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Bloom President | Officer | 4 | $0 |
Cary Guthrie Vice Preside | Officer | 4 | $0 |
Olivia Nichols Treasurer | Officer | 4 | $0 |
Cameron Harris Secretary | Officer | 4 | $0 |
Allie Woods Personnel | Officer | 4 | $0 |
Elizabeth Grant New Member E | Officer | 4 | $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 | $1,290,817 |
| Investment income | $1,498 |
| 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 | $1,292,315 |
| 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 | $294,867 |
| 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 | $2,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,103 |
| Advertising and promotion | $4,111 |
| Office expenses | $15,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $734,813 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,141 |
| Interest | $0 |
| Payments to affiliates | $55,073 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,900 |
| All other expenses | $600 |
| Total functional expenses | $1,244,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,177 |
| Savings and temporary cash investments | $118,816 |
| 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 | $224,993 |
| 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 | $610 |
| Total liabilities | $610 |
| Net assets without donor restrictions | $224,383 |
| 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 | $224,993 |
Grants Awarded
Over the last fiscal year, Chi Omega Fraternity has awarded $65,649 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH FOUNDATION PURPOSE: CONTRIBUTION | $15,649 |
CHI OMEGA FOUDNATION PURPOSE: SCHOLARSHIPS | $50,000 |