Chi Omega Fraternity
- Assets
- $13.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Normal, IL
- Founding
- 12/1940
- Data as of
- 06/2021
- EIN
- 23-7389585
Organization Overview
Chi Omega Fraternity is located in Normal, IL. 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 $90.9k 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 (5.7%) each year. All expenses for the organization totaled $91.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVICE, SCHOLARSHIP AND SOCIAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3
SOCIAL PROGRAMMING WHICH INCLUDES DANCES, FAMILY ACTIVITIES, AND SISTERHOOD EVENTS FOR MEMBERS, FAMILIES AND GUESTS
VARIETY SHOW PHILANTHROPY WHICH BENEFITS MAKE-A-WISH FOUNDATION.
NEW MEMBER RECRUITMENT AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madison Myers President | 2 | $0 | |
Meg Brewer Advisor | 1 | $0 | |
Tegan Bunnel Vice President | 2 | $0 | |
Haley Fisher Secretary | 2 | $0 | |
Frankie Ferneau Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,564 |
| Membership dues | $69,976 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $19,349 |
| Total Revenue | $90,904 |
| 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 | $91,104 |
| Total expenses | $91,104 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,910 |
| Other assets | $0 |
| Total assets | $13,910 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |