Chi Omega Fraternity is located in Evansville, IN. 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 06/2023, Chi Omega Fraternity generated $53.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $39.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTES SCHOLARSHIP, FRIENDSHIP, SISTERHOOD, AND COMMUNITY SERVICE IN A COLLEGE ENVIRONMENT
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaylee Ivy President | 15 | $0 | |
Elizabeth Stainback Vice Preside | 4 | $0 | |
Abbey Daniel Secretary | 4 | $0 | |
Hannah Seibert Treasurer | 3 | $0 | |
Jordan Mckinney New Member E | 10 | $0 | |
Makenzie Carter Personnel Ch | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,960 |
| Total Program Service Revenue | $0 |
| Membership dues | $37,389 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,129 |
| 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 | $6,989 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,877 |
| Total expenses | $39,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,871 |
| Other assets | $0 |
| Total assets | $24,871 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,871 |