Epsilon Beta Of Chi Omega Foundation is located in Chapel Hill, NC. The organization was established in 1956. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2021, Epsilon Beta Of Chi Omega Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Epsilon Beta Of Chi Omega Foundation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Epsilon Beta Of Chi Omega Foundation generated $439.2k 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 (9.1%) each year. All expenses for the organization totaled $645.1k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN COLLEGE SORORITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A HOUSING CORPORATION THAT PROVIDES FOR THE UPKEEP AND MAINTENANCE OF A SORORITY HOUSE USED BY UNIVERSITY STUDENTS AS A DOMICILE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ann Wooten President | OfficerTrustee | 0.5 | $0 |
Sally Ott House Manager | OfficerTrustee | 0.5 | $0 |
Melissa Watkins Scholarship | OfficerTrustee | 0.5 | $0 |
Jean Neese Alternate Board Member | Trustee | 0.5 | $0 |
Diane Becton Alternate Board Member | Trustee | 0.5 | $0 |
Mary Beaver Alternate Board Member | Trustee | 0.5 | $0 |
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 | $424,100 |
Investment income | $29,399 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$14,269 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $439,230 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $77,985 |
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 | $219,296 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $17,061 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,269 |
Fees for services: Accounting | $3,295 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $15,331 |
Fees for services: Other | $54,684 |
Advertising and promotion | $0 |
Office expenses | $4,587 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $93,693 |
Travel | $0 |
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 | $84,592 |
Insurance | $18,992 |
All other expenses | $1,849 |
Total functional expenses | $645,080 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $147,905 |
Savings and temporary cash investments | $69,100 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $126,909 |
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 | $1,757 |
Net Land, buildings, and equipment | $1,108,939 |
Investments—publicly traded securities | $996,170 |
Investments—other securities | $1,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $410 |
Total assets | $2,452,190 |
Accounts payable and accrued expenses | $124,054 |
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 | $55,152 |
Total liabilities | $179,206 |
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 | $2,272,984 |
Total liabilities and net assets/fund balances | $2,452,190 |
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