Chi Omega Fraternity
- Assets
- $72.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, NC
- Founding
- 12/1940
- Data as of
- 06/2023
- EIN
- 51-0165039
Organization Overview
Chi Omega Fraternity is located in Boone, NC. 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 $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $108.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 4 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
FUND RAISERS FOR THE CHARITY MAKE A WISH FOUNDATION EVENTS INCLUDE SELLING HAND PAINTED TOTES MADE BY THE WOMEN IN THE CHAPTER. THEY ALSO SELL SUNFLOWERS AND THRIFTED CLOTHES FOR DONATION. FUNDRAISER EVENTS FOR THE MAKE A WISH FOUNDATION LAST FOR ONE WEEK PER SEMESTER WISH WARS EVENT ARE HELD FOR LOCAL BANDS IN THE BOONE NC AREA TO COMPETE IN PERFORMANCE COMPETION. TICKET SALES AND FOOD SALES GO TOWARD THE CHARITY. CHI OMEGA HOST MONTHLY PROGRAMS WHERE MEMBERS OF THE ORGANIZATION TEACH FREE YOGA AND PAINTING CLASSES. THIS PROMOTES ENDURING FRIENDSHIPS DURING COLLEGIATE CAREER OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ella Chancey President | 1 | $0 | |
Anne Spencer Vice President | 1 | $0 | |
Caroline Smith Secretary | 1 | $0 | |
Isabel Kriofske Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $81,146 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,462 |
| 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 | $108,043 |
| Total expenses | $108,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,362 |
| Other assets | $0 |
| Total assets | $72,362 |
| Total liabilities | $0 |
| Net assets or fund balances | $72,362 |