Chi Omega Fraternity
- Assets
- $19.4k
- Revenue
- $248.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 12/1940
- Data as of
- 06/2024
- EIN
- 56-0816587
Organization Overview
Chi Omega Fraternity is located in Greenville, 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 06/2024, Chi Omega Fraternity generated $248.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $264.2k during the year ending 06/2024. While expenses have increased by 3.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE RHO ZETA CHAPTER OF CHI OMEGA SORORITY IS LOCATED AT EAST CAROLINA UNIVERSITY IN GREENVILLE, NORTH CAROLINA. THE CHAPTER OFFERS SOCIAL AND EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE COLLEGE EXPERIENCE FOR ITS FEMALE MEMBERS/STUDENTS AT THE UNIVERSITY. THE ORGANIZATION PROMOTES AND SUPPORTS THE SIX FOUNDATIONAL PURPOSES OF THE NATIONAL CHO OMEGA SORORITY: FRIENDSHIP, HIGH STANDARDS OF PERSONNEL, SINCERE LEARNING AND CREDITABLE SCHOLARSHIP, PARTICIPATION IN CAMPUS ACTIVITIES, CAREER DEVELOPMENT, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAPTER HOSTED MANY SOCIAL ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE AND STRENGTHEN RELATIONSHIPS AMONG THE MEMBERS; THE CHAPTER HOSTED EVENTS FOR THE RECRUITMENT OF NEW MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sophie Ledbetter President | OfficerTrustee | 2 | $0 |
Taylor Sarich Vice President | OfficerTrustee | 2 | $0 |
Elizabeth Sriraman Secretary | OfficerTrustee | 2 | $0 |
Molly Lasure Treasurer | OfficerTrustee | 2 | $0 |
Rae Black Personnel Chair | Trustee | 2 | $0 |
Megan Wozniak Member Ed. | Trustee | 2 | $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 | $248,624 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $248,879 |
| 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 | $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 | $760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,174 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,729 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $53,001 |
| Total functional expenses | $264,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,373 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $19,373 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $19,373 |