Chi Omega Fraternity
- Assets
- $189.2k
- Revenue
- $255.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 12/1940
- Data as of
- 06/2023
- EIN
- 56-0548133
Organization Overview
Chi Omega Fraternity is located in Chapel Hill, 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 $255.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $232.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EPSILON BETA CHAPTER OF CHI OMEGA AIMS TO SUPPORT AND ENHANCE THE EXPERIENCE OF COLLEGIATE WOMEN IN THE AREAS OF FRIENDSHIP, PERSONAL INTEGRITY, SERVICE TO OTHERS, ACADEMIC EXCELLENCE AND INTELLECTUAL PURSUITS, COMMUNITY AND CAMPUS INVOLVEMENT, AND PERSONAL AND CAREER DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ADDITION TO PROVIDING SISTERHOOD AND VARIOUS AMENITIES, DURING THE 2022-2023 SCHOOL YEAR CHI OMEGA PROVIDED SOCIAL, CAREER, AND PERSONAL DEVELOPMENT OPPORTUNITIES TO OVER 220 MEMBERS. THE SORORITY REMAINS COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND PHILANTHROPY AND RAISED OVER $15,000 FOR THE MAKE-A-WISH FOUNDATION DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jackie Granger President | OfficerTrustee | 6 | $0 |
Fenley Hamilton Vice President | OfficerTrustee | 3 | $0 |
Claire Masonis Secretary | OfficerTrustee | 3 | $0 |
Temple Dixon Treasurer | OfficerTrustee | 8 | $0 |
Paige Kenerly New Member Educator | Trustee | 10 | $0 |
Caroline Lammerson Personnel Chair | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $248,751 |
| Investment income | $263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,990 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,984 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $1,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $232,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,702 |
| Savings and temporary cash investments | $15,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $132 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509 |
| Total assets | $189,196 |
| Accounts payable and accrued expenses | $132 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $189,064 |
| Total liabilities and net assets/fund balances | $189,196 |
Grants Awarded
Over the last fiscal year, Chi Omega Fraternity has awarded $40,984 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHI OMEGA FRATERNITY PURPOSE: GENERAL SUPPORT | $25,000 |
MAKE-A-WISH EASTERN NORTH CAROLINA PURPOSE: TO SUPPORT THE MISSION OF THE MAKE-A-WISH FOUNDATION | $15,984 |