Chi Omega Psi Chapter Corporation
- Assets
- $15.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Fayetteville, AR
- Founding
- 10/1961
- Data as of
- 06/2021
- 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 06/2021, Chi Omega Psi Chapter Corporation employed 19 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 06/2021, Chi Omega Psi Chapter Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 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
2021
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 91 MEMBERS USE OF HOUSE FOR 340 OTHER MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Riordan President | OfficerTrustee | 8 | $0 |
Amber Henry Secretary | OfficerTrustee | 10 | $0 |
Betsy Lavender Vice-President | OfficerTrustee | 8 | $0 |
Cindy Daniel Treasurer | OfficerTrustee | 10 | $0 |
Anne Douglas Treasurer | OfficerTrustee | 10 | $0 |
Ann Noland 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 | $120,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,454 |
| Total Program Service Revenue | $1,530,630 |
| Investment income | $32,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,783,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $700 |
| 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 | $83,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $6,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $991 |
| Fees for services: Accounting | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,330 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,409 |
| 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 | $187,204 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,585 |
| All other expenses | $721,632 |
| Total functional expenses | $1,065,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003,403 |
| Savings and temporary cash investments | $244,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,647 |
| 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 | $13,113,639 |
| Investments—publicly traded securities | $1,169,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,786 |
| Total assets | $15,582,102 |
| 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 | $4,431,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,855 |
| Total liabilities | $4,598,049 |
| 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 | $10,984,053 |
| Total liabilities and net assets/fund balances | $15,582,102 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chi Omega Psi Chapter Corporation has recieved totaling $75,177.
| Awarding Organization | Amount |
|---|---|
Chi Omega Foundation Memphis, TN PURPOSE: EDUCATIONAL AREA HOUSING GRANT | $75,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
Phi Theta Kappa Jackson, MS | $30,434,221 | $16,557,458 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
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 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |