Chi Omega Fraternity
- Assets
- $304.5k
- Revenue
- $268.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Marcos, TX
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 74-6084212
Organization Overview
Chi Omega Fraternity is located in San Marcos, 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 $268.0k 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 $266.4k during the year ending 06/2022. While expenses have increased by 5.9% 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
COLLEGIATE SORORITY ACTIVITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF MERCHANDISE INCULDING CLOTHING, PICTURES, TICKETS AND OTHER ITEMS HOUSE CORPORATION PARLOR FEE INCOME - EACH SORORITY MEMBER PAYS A PREDETERMINED FEE FOR KEYS TO THE HOUSE. THE HOUSE IS THEN AVAILABLE TO USE FOR EVENTS, STUDYING, WATCHING MOVIES, ETC. PHILANTHROPY INCOME - EACH SORORITY MEMBER CONTRIBUTES MONEY TO A PERPETUAL SCHOLARSHIP FUND AND THE SORORITY THEN AWARDS SCHOLARSHIPS TO 3-5 MEMBERS ANNUALLY. EACH YEAR THERE IS A GOLF TOURNAMENT AND 3-ON-3 BASKETBALL TOURNAMENT HOSTED FROM WHICH ALL PROCEEDS ARE DONATED TO MAKE A WISH FOUNDATION. FRATERNAL ORGANIZATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Belgrade Vice President | Officer | 5 | $0 |
Katelyn R Kallman Treasurer | Officer | 10 | $0 |
Danielle Guzman President | Officer | 20 | $0 |
Emma Garcia Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $270,222 |
| Fundraising events | $10,628 |
| 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 | $280,850 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| 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 | -$12,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,982 |
| 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 | $133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,249 |
| Advertising and promotion | $1,311 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,494 |
| Travel | $1,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,268 |
| Interest | $0 |
| Payments to affiliates | $8,061 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,814 |
| All other expenses | $60,604 |
| Total functional expenses | $266,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,312 |
| Savings and temporary cash investments | $40,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,905 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,499 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $70,184 |
| 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 | $70,184 |
| 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 | $234,315 |
| Total liabilities and net assets/fund balances | $304,499 |
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