Chi Omega Education And Charity Fund Of Dallas
- Assets
- $1.4m
- Revenue
- $983.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 10/1969
- Data as of
- 01/2024
- EIN
- 23-7039387
Organization Overview
Chi Omega Education And Charity Fund Of Dallas is located in Dallas, TX. The organization was established in 1969. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Chi Omega Education And Charity Fund Of Dallas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Chi Omega Education And Charity Fund Of Dallas generated $983.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $899.4k during the year ending 01/2024. While expenses have increased by 11.1% per year over the past 8 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.
Since 2017, Chi Omega Education And Charity Fund Of Dallas has awarded 103 individual grants totaling $2,829,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO OVERSEE THE CHI OMEGA CHIRSTMAS MARKET (COCM), TO PROVIDE GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONS THAT SERVE THE DALLAS COMMUNITY WITHIN THE AREAS OF HEALTH, EDUCATION, ARTS & WELFARE, AND TO MAKE GRANTS FOR SCHOLARSHIPS TO MEMBERS OF THE CHI OMEGA SORORITY AT SOUTHERN METHODIST UNIVERSITY AND OTHER UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE THE ANNUAL OPERATION OF THE CHI OMEGA CHRISTMAS MARKET
THE ORGANIZATION PROVIDES GRANTS TO QUALIFYING CHARITABLE ORGANIZATIONSTHAT SERVE THE DALLAS COMMUNITY WITHIN THE AREAS OF HEALTH, EDUCATION,ARTS & WELFARE.
THE ORGNAIZATION PROVIDES SCHOLARSHIPS TO MEMBERS OF THE CHI OMEGASORORITY AT SMU & OTHER UNIVERSITIES, INLCUDING MAKING CONTRIBUTIONSTO ENDOWMENT FUNDS SUPPORTING SUCH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Lynn Jones Trustee | Trustee | 1 | $0 |
Connie Blass O'neill Trustee | Trustee | 1 | $0 |
Elizabeth Lane Anderson Trustee | Trustee | 1 | $0 |
Michelle Raskiewicz Treasurer | Officer | 5 | $0 |
Jill Starr Asst. Treasurer | Officer | 5 | $0 |
Karen Dower Market Steering Chair | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,396 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,323 |
| Noncash contributions included in lines 1a–1f | $36,409 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,719 |
| Total Program Service Revenue | $826,811 |
| Investment income | $26,664 |
| 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 | $983,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $448,790 |
| Grants and other assistance to domestic individuals. | $57,000 |
| 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 | $11,925 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,066 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,004 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,416 |
| Office expenses | $1,460 |
| Information technology | $1,921 |
| Royalties | $0 |
| Occupancy | $4,980 |
| 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 | $0 |
| Insurance | $2,019 |
| All other expenses | $8,764 |
| Total functional expenses | $899,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,315 |
| Savings and temporary cash investments | $177,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,688 |
| 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 | $656,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,405,349 |
| Accounts payable and accrued expenses | $5,442 |
| Grants payable | $505,789 |
| 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 | $511,231 |
| Net assets without donor restrictions | $618,582 |
| Net assets with donor restrictions | $275,536 |
| 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 | $1,405,349 |
Grants Awarded
Over the last fiscal year, Chi Omega Education And Charity Fund Of Dallas has awarded $448,790 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MAKE A WISH NORTH TEXAS PURPOSE: GENERAL SUPPORT | $25,000 |
TRAFFICK911 PURPOSE: GENERAL SUPPORT | $25,000 |
AFTER8TOEDUCATE PURPOSE: GENERAL SUPPORT | $25,000 |
METHODIST HEALTH SYSTEM PURPOSE: GENERAL SUPPORT | $25,000 |
FOR THE LOVE OF THE LAKE FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
CATCH UP AND READ PURPOSE: GENERAL SUPPORT | $25,000 |