Chi Omega Fraternity
- Assets
- $97.2k
- Revenue
- $509.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 74-1930998
Organization Overview
Chi Omega Fraternity is located in Waco, TX. 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 06/2022, Chi Omega Fraternity generated $509.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $526.0k during the year ending 06/2022. While expenses have increased by 3.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHI OMEGA IS AN INTERGENERATIONAL WOMEN'S ORGANIZATION FOREVER COMMITTED TO: FRIENDSHIP, PERSONAL INTEGRITY, SERVICE TO OTHERS, ACADEMIC EXCELLENCE AND INTELLECTUAL PURSUITS, COMMUNITY AND CAMPUS INVOLVEMENT, AND PERSONAL AND CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL: EXPENSES FOR SOCIAL EVENTS FOR MEMBERS AND THEIR INVITED GUESTS.
CAMPUS ACTIVITIES: EXPENSES FOR EVENTS SUCH AS HOMECOMING, INTRAMURAL SPORTS, AND OTHER PARTICIPATION IN CAMPUS-WIDE EVENTS.
NEW MEMBER EDUCATION: TRAINING AND SUPPORT PROVIDED TO NEW MEMBERS OF THE ORGANIZATION.
ALL OTHER PROGRAMS NOT LISTED IN THE TOP THREE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maddie Reed President | Officer | 5 | $0 |
Heidi Valstar Vice-President | Officer | 5 | $0 |
Tate Watson Secretary | Officer | 5 | $0 |
Amanda Lasky Treasurer | Officer | 5 | $0 |
Shannon Ungashick New Member Educator | Officer | 5 | $0 |
Morgan Mcguffee Personnel Chair | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $510,772 |
| 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 | $510,772 |
| Total Program Service Revenue | $0 |
| Investment income | $66 |
| 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 | -$1,071 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $509,767 |
| 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 | $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 | $650 |
| 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 | $92 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,950 |
| Travel | $997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $131,630 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $60,739 |
| Total functional expenses | $525,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,019 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,818 |
| 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 | $2,392 |
| 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 | $97,229 |
| Accounts payable and accrued expenses | $775 |
| Grants payable | $0 |
| Deferred revenue | $21,818 |
| 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 | $0 |
| Total liabilities | $22,593 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,295 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,341 |
| Total liabilities and net assets/fund balances | $97,229 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chi Omega Fraternity has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Baylor University Waco, TX PURPOSE: Grant to support student organization | $7,000 |
Baylor University Waco, TX PURPOSE: Grant to support student organization | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
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 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |