Chi Omega Fraternity
- Assets
- $54.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Villanova, PA
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 23-2660844
Organization Overview
Chi Omega Fraternity is located in Villanova, PA. 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 $80.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $82.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
WE ARE A FRATERNAL ORGANIZAITON THAT COLLECTS DUES FROM ITSMEMBERS TWICE A YEAR. THESE DUES ARE USED TO FUND SOCIAL EVENTSAS WELL AS OVERALL CHARACTER DEVELOPMENT OF THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Ignatowski President | 5 | $0 | |
Grace Gerhart Treasurer | 5 | $0 | |
Alise Adornato Vice President | 5 | $0 | |
Megan Moore Secretary | 5 | $0 | |
Emma Thompson Personnel Chair | 2 | $0 | |
Elaina Martin Recruitment Chair | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $80,699 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,701 |
| 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 | $82,447 |
| Total expenses | $82,447 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,450 |
| Other assets | $0 |
| Total assets | $54,450 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,450 |