Chi Omega Fraternity
- Assets
- $103.6k
- Revenue
- $106.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/1940
- Data as of
- 06/2021
- EIN
- 75-1025503
Organization Overview
Chi Omega Fraternity is located in Dallas, 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 06/2021, Chi Omega Fraternity generated $106.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $272.7k 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
A SISTERHOOD THAT PROVIDES A NETWORK OF FRIENDS AND LIFELONG DEVELOPMENT FOR COLLEGIATE AND ALUMNAE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHI OMEGA IS A SISTERHOOD THAT PROVIDES A NETWORK OF FRIENDS AND LIFELONG DEVELOPMENT FOR COLLEGIATE AND ALUMNAE MEMBERS. CHI OMEGA IS COMMITTED TO THE FOLLOWING PRINCIPLES:*PERSONAL INTEGRITY - THE IOTA ALPHA CHAPTER STRIVES TO UPHOLD HIGH STANDARDS OF PERSONNEL IN ALL ASPECTS OF COLLEGE LIFE, INCLUDING BEHAVIOR AT SOCIAL EVENTS, PRESENCE ON SOCIAL MEDIA, AND PERSONAL CONDUCT, BY KEEPING EACH OTHER ACCOUNTABLE FOR WORDS AND ACTIONS.*EXCELLENCE IN ACADEMIC AND INTELLECTUAL PURSUITS - THE IOTA ALPHA CHAPTER FINISHED SECOND IN GRADES LAST SEMESTER WITH A 3.59 AVERAGE GPA. *COMMUNITY SERVICE - IN THE PAST YEAR, THE IOTA ALPHA CHAPTER CONTRIBUTED 1,140 HOURS OF COMMUNITY SERVICE IN THE DALLAS COMMUNITY AND HELPED RAISE $130,000 FOR MAKE-A-WISH, OUR NATIONAL PHILANTHROPY, WITH OUR ANNUAL SILENT AUCTION AND WORK IT FOR WISHES FASHION SHOW.*CAMPUS INVOLVEMENT - MEMBERS OF THE IOTA ALPHA CHAPTER ARE INVOLVED IN OVER 30 CAMPUS ORGANIZATIONS, INCLUDING STUDENT SENATE, GOLF, BEST BUDDIES, ALTERNATIVE BREAKS, RELAY FOR LIFE, AND STUDENT FOUNDATION.*SISTERHOOD - THE IOTA ALPHA CHAPTER FOSTERS FRIENDSHIPS THAT GROW BASED ON DIVERSITY. OUR LOVE AND DEEP RESPECT IS WHAT MAKES OUR CHAPTER ONE OF THE STRONGEST SISTERHOODS ON CAMPUS.*CAREER/PERSONAL DEVELOPMENT - THE IOTA ALPHA CHAPTER STRIVES TO FURTHER OUR MEMBERS' EDUCATION BY ENCOURAGING CAREER AND PERSONAL DEVELOPMENT. MEMBERS PARTICIPATE IN INTERNSHIPS FOR IMPRESSIVE COMPANIES LIKE BIG 4 ACCOUNTING FIRMS, SOUTHWEST AIRLINES, AND TEACH FOR AMERICA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashleigh Lee President/director | OfficerTrustee | 20 | $0 |
Caitlin Howie Treasurer/director | OfficerTrustee | 6 | $0 |
Mia London Vice President/director | OfficerTrustee | 7 | $0 |
Daniela Degiosa Secretary/director | OfficerTrustee | 17 | $0 |
Trish Elliot New Member Trainer/directo | Trustee | 15 | $0 |
Brooke Stricker Personnel Chair/director | Trustee | 6 | $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 | $38,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,308 |
| Total Program Service Revenue | $68,379 |
| Investment income | $15 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,041 |
| 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 | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130 |
| Advertising and promotion | $3,870 |
| Office expenses | $18,833 |
| Information technology | $746 |
| Royalties | $0 |
| Occupancy | $66,283 |
| Travel | $1,174 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $272,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,584 |
| 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 | $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 | $103,584 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $103,584 |
| 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 | $103,584 |
Grants Awarded
Over the last fiscal year, Chi Omega Fraternity has awarded $38,541 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: GRANT | $25,000 |
Memphis, TN PURPOSE: GRANT | $13,541 |
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 |