Chi Omega Fraternity is located in Manhattan, KS. 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 $93.7k 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 (10.6%) each year. All expenses for the organization totaled $101.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING FOR MEMBERS AND AFFILIATES OF ACTIVE CHAPTER OF COLLEGE SORORITY IN ORDER TO PROMOTE LASTING FRIENDSHIPS AMONG THE MEMBERS AND ENCOURAGE INTELLECTUAL ACHIEVEMENT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Lasala President | 5 | $0 | |
Abby Colburn Treasurer | 5 | $0 | |
Reese Althouse Vice President | 5 | $0 | |
Sydney Cress Secretary | 5 | $0 | |
Megan Whorley New Member Educator | 5 | $0 | |
Emma Coad Recruitment Chair | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,529 |
| Total Program Service Revenue | $2,325 |
| Membership dues | $59,764 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,723 |
| 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 | $99,716 |
| Total expenses | $100,959 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,564 |
| Other assets | $0 |
| Total assets | $18,564 |
| Total liabilities | $0 |
| Net assets or fund balances | $18,564 |