The information for Delta Omega Chapter House Corporation Of Kappa Delta is as of the organization's most recent filing in June 2019. This organization is located in Starkville, MS. It has been in existence for 19 years, following its founding in 2000.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Delta Omega Chapter House Corporation of Kappa Delta's NTEE code is N50. The "N" tells us that the organization is classified along with Recreational Clubs. The "50" tells us that the organization is a Recreation & Sports organization. The NTEE describes Recreation & Sports organizations as organizations that make available to members and their guests facilities for recreational activities, sports and games, as well as social clubs that provide opportunities for people to meet and socialize with their peers.
Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.
The mission of the Delta Omega Chapter House Corporation of Kappa Delta is to acquire, build, maintain, and operate real estate for use as a chapter house for the active members of Delta Omega Chapter of Kappa Delta Sorority.
Through the Delta Omega Chapter of Kappa Delta Sorority, the organization provides and maintains housing and food service for the active members of the chapter.
Delta Omega Chapter House Corporation Of Kappa Delta is run by Caroline Skelton, who is the President. The organization has 4 employees, none of whom are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 8 volunteers.
The Delta Omega Chapter House Corporation Of Kappa Delta is well-governed, with 8 voting members and 8 independent members. Board meetings are documented, and the organization does not have any potential conflicts of interest. The organization has not delegated management to an outside firm and does not have a conflict of interest policy, a written whistleblower policy, a document retention policy, or any policies for substantiating and reviewing leadership or officer salaries. Furthermore, the organization does not provide copies of the 990 to the board prior to filing. This demonstrates that the Delta Omega Chapter House Corporation Of Kappa Delta is well-governed and is taking the necessary steps to ensure that its operations are running smoothly and efficiently.
The Delta Omega Chapter House Corporation Of Kappa Delta has grown over the given time period. The Program Service Revenue, Total Revenue, and Employee Salaries increased, while the number of volunteers also increased. The Investment Income and Other Revenue line items were not significant over this time period. Total Expenses also increased showing that the organization was investing in growing their operations. The number of employees remained the same.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hope Durst Secretary | OfficerTrustee | 1 | $0 |
Katherine Little Treasurer | OfficerTrustee | 4 | $0 |
Jan Copeland President | OfficerTrustee | 4 | $0 |
Melanie Whitehead Board Member | Trustee | 1 | $0 |
Anne Comer Board Member | Trustee | 1 | $0 |
Caroline Skelton Immediate Past President | Trustee | 1 | $0 |
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 | $1,206,131 |
Investment income | $1,731 |
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 | $1,267,106 |
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 | $80,091 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,439 |
Fees for services: Management | $0 |
Fees for services: Legal | $400 |
Fees for services: Accounting | $10,934 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $998 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $137,822 |
Travel | $946 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $92,316 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $511,932 |
Insurance | $23,163 |
All other expenses | $890 |
Total functional expenses | $1,193,137 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,002,863 |
Savings and temporary cash investments | $2,108 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,751 |
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 | $15,000 |
Net Land, buildings, and equipment | $3,036,502 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $59,244 |
Total assets | $4,121,468 |
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 | $2,618,854 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $19,084 |
Total liabilities | $2,637,938 |
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 | $1,483,530 |
Total liabilities and net assets/fund balances | $4,121,468 |
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