Chi Omega Fraternity
- Assets
- $2.2m
- Revenue
- $939.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Austin, TX
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 74-0555581
Organization Overview
Chi Omega Fraternity is located in Austin, TX. The organization was established in 2009. 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 Fraternity employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2021, Chi Omega Fraternity generated $939.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. 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
TO HOLD AND MAINTAIN PROPERTY FOR THE BENEFIT OF THE CHI OMEGA FRATERNITY CHAPTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY MAINTAIN PROPERTY FOR THE BENEFIT OF THE CHI OMEGA FRATERNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Knudsen President | OfficerTrustee | 1 | $0 |
Susie Buehler Secretary | OfficerTrustee | 1 | $0 |
Teri Dee Martin Treasurer | OfficerTrustee | 1 | $0 |
Jan Bates Vice President | OfficerTrustee | 1 | $0 |
Olivia Connett Director | Trustee | 1 | $0 |
Margie Burciaga Director | Trustee | 1 | $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 | $911,508 |
| Investment income | $24,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,147 |
| 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 | $270,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,314 |
| Payroll taxes | $21,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,952 |
| Fees for services: Other | $28,340 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,190 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,917 |
| Interest | $2,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,802 |
| Insurance | $14,133 |
| All other expenses | $108,764 |
| Total functional expenses | $1,031,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,093 |
| Savings and temporary cash investments | $0 |
| 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 | $18,333 |
| Net Land, buildings, and equipment | $1,586,051 |
| Investments—publicly traded securities | $441,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,213,163 |
| Accounts payable and accrued expenses | $32,669 |
| Grants payable | $0 |
| Deferred revenue | $62,980 |
| 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 | $5,239 |
| Total liabilities | $100,888 |
| Net assets without donor restrictions | $2,112,275 |
| 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 | $2,213,163 |
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