Chi Omega Psi Chapter Corporation
- Assets
- $15.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Fayetteville, AR
- Founding
- 10/1961
- Data as of
- 06/2022
- EIN
- 71-6056825
Organization Overview
Chi Omega Psi Chapter Corporation is located in Fayetteville, AR. The organization was established in 1961. 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 06/2022, Chi Omega Psi Chapter Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Omega Psi Chapter Corporation 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 Psi Chapter Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 3 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
THE MOST SIGNIFICANT ACTIVITIES OF THE ORGANIZATION ARE TO PROVIDE ROOM, BOARD AND OTHER ACTIVITIES RELATED TO A SORORITY HOUSE AND TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROOM AND BOARD FOR 92 MEMBERS USE OF HOUSE FOR 368 OTHER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Riordan President | OfficerTrustee | 8 | $0 |
Betsy Lavender Vice-President | OfficerTrustee | 8 | $0 |
Amber Henry Secretary | OfficerTrustee | 10 | $0 |
Courtney Menz Treasurer | OfficerTrustee | 10 | $0 |
Cindy Daniel Treasurer | OfficerTrustee | 10 | $0 |
Bethany Rutledge Director | 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 | $100,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,687 |
| Total Program Service Revenue | $1,743,880 |
| Investment income | $28,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,234 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,735 |
| 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 | $90,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $7,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,614 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,990 |
| 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 | $549 |
| Interest | $143,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,913 |
| All other expenses | $827,399 |
| Total functional expenses | $1,142,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $876,601 |
| Savings and temporary cash investments | $114,441 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,917 |
| 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 | $13,167,655 |
| Investments—publicly traded securities | $1,096,740 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,436 |
| Total assets | $15,295,790 |
| 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 | $3,309,103 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $231,098 |
| Total liabilities | $3,540,201 |
| 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 | $11,755,589 |
| Total liabilities and net assets/fund balances | $15,295,790 |