Chi Omega Fraternity
- Assets
- $4.4m
- Revenue
- $374.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Seattle, WA
- Founding
- 12/1940
- Data as of
- 08/2021
- EIN
- 91-0174000
Organization Overview
Chi Omega Fraternity is located in Seattle, WA. 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. As of 08/2021, Chi Omega Fraternity employed 11 individuals. 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 08/2021, Chi Omega Fraternity generated $374.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $383.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 years. 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 PROVIDE ROOM, BOARD AND GATHERING PLACES FOR STUDENTS AT THE UNIVERSITY OF WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCAL CHAPTER OF THE NATIONAL HELLENIC ASSOCIATION. CHI OMEGA PROVIDES ROOM AND BOARD FOR MORE THAN 100 STUDENTS AT THE UNIVERSITY OF WASHINGTON, SEATTLE, WASHINGTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Dewey Board President | OfficerTrustee | 10 | $0 |
Lynn Lindsay Vice President | OfficerTrustee | 1.5 | $0 |
Kristin Erickson Treasurer | OfficerTrustee | 5 | $0 |
Karen Leimback Communications Chair | Trustee | 1 | $0 |
Rafawne Acarregui Member At Large | Trustee | 1 | $0 |
Mary Ann Horning Member At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,067 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,717 |
| Total Program Service Revenue | $369,530 |
| Investment income | $2,657 |
| 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 | $374,904 |
| 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 | $95,807 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,481 |
| Payroll taxes | $1,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,833 |
| 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 | $9,692 |
| Information technology | $11,844 |
| Royalties | $0 |
| Occupancy | $40,000 |
| Travel | $0 |
| 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 | $8,686 |
| Insurance | $19,922 |
| All other expenses | $23,838 |
| Total functional expenses | $383,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,490 |
| Savings and temporary cash investments | $707,110 |
| 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 | $3,487,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97 |
| Total assets | $4,357,106 |
| Accounts payable and accrued expenses | $69,889 |
| 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 | $150,000 |
| Other liabilities | $18,200 |
| Total liabilities | $238,089 |
| Net assets without donor restrictions | $4,119,017 |
| 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 | $4,357,106 |
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