Chi Omega Fraternity
- Assets
- $49.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 12/1940
- Data as of
- 06/2024
- EIN
- 20-3744371
Organization Overview
Chi Omega Fraternity is located in Wellesley, MA. 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 06/2024, Chi Omega Fraternity generated $61.5k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $80.3k during the year ending 06/2024. While expenses have increased by 4.5% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
FRATERNAL WELFARE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $54,332 |
| Investment income | $274 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,932 |
| Total Revenue | $61,538 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $80,307 |
| Total expenses | $80,307 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $28,358 |
| Other assets | $0 |
| Total assets | $49,725 |
| Total liabilities | $6,013 |
| Net assets or fund balances | $43,712 |