Chi Omega Fraternity is located in Kent, OH. 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 07/2024, Chi Omega Fraternity generated $98.9k 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 (6.9%) each year. All expenses for the organization totaled $85.5k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (10.2%) 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DOMESTIC FRATERNAL SOCIETY
Describe the Organization's Program Activity:
Part 3
CAMPUS ACTIVITIES, CAREER DEVELOPMENT, SOCIAL EVENTS, AND MEMBER EDUCATION PROGRAMS.
OTHER PROGRAM EXPENSES
DONATIONS IN SUPPORT OF OTHER ORGANIZATIONS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Smith President | 2 | $0 | |
Teagan Gilbert Vice President | 2 | $0 | |
Ryan Reiter Secretary | 2 | $0 | |
Alyssa Bechtold Treasurer | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,301 |
| Total Program Service Revenue | $0 |
| Membership dues | $88,588 |
| Investment income | $26 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,915 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $58,284 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $675 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,688 |
| Total expenses | $85,467 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,472 |
| Other assets | $0 |
| Total assets | $66,472 |
| Total liabilities | $0 |
| Net assets or fund balances | $66,472 |