The Nu Beta Chapter Of The Chi Omega House Association Inc
- Assets
- $17.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Tuscaloosa, AL
- Founding
- 04/1978
- Data as of
- 06/2022
- EIN
- 63-6091968
Organization Overview
The Nu Beta Chapter Of The Chi Omega House Association Inc is located in Tuscaloosa, AL. The organization was established in 1978. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Nu Beta Chapter Of The Chi Omega House Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Nu Beta Chapter Of The Chi Omega House Association Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS AND HOUSING FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL SORORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE MANAGEMENT-PROVIDED MEALS AND HOUSING FOR MEMBERS OF UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL SORORITY.
PROVIDE MEALS AND HOUSING FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL SORORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Beth Spearing Treasurer | Officer | $0 | |
Kathleen Roth President | Officer | $0 | |
Cindy Pugh Secretary | Trustee | $0 | |
Lynn Anderson Board Member | Trustee | $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 | $1,098 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,098 |
| Total Program Service Revenue | $3,152,596 |
| Investment income | $3,395 |
| 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 | $3,157,089 |
| 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 | $55,181 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,890 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,000 |
| Fees for services: Legal | $2,094 |
| Fees for services: Accounting | $90,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,181 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $444,352 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $287,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $581,042 |
| Insurance | $0 |
| All other expenses | $33,824 |
| Total functional expenses | $2,354,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,904,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,556,750 |
| 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 | $28,091 |
| Net Land, buildings, and equipment | $9,529,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,018,424 |
| Accounts payable and accrued expenses | $310,504 |
| Grants payable | $0 |
| Deferred revenue | $1,351,590 |
| 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 | $5,971,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,633,786 |
| 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 | $9,384,638 |
| Total liabilities and net assets/fund balances | $17,018,424 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Nu Beta Chapter Of The Chi Omega House Association Inc has recieved totaling $146,855.
| Awarding Organization | Amount |
|---|---|
Chi Omega Foundation Memphis, TN PURPOSE: EDUCATIONAL AREA HOUSING GRANT | $146,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phi Theta Kappa Jackson, MS | $30,434,221 | $16,557,458 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Alpha Gamma Delta Fraternity Tuscaloosa, AL | $2,561,270 | $3,643,915 |
House Board Of Gamma Pi Of Kappa Kappa Gamma Tuscaloosa, AL | $20,813,023 | $3,697,163 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
Alabama Beta Of Pi Beta Phi House Association Incorporated Tuscaloosa, AL | $16,056,470 | $2,809,750 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Kappa Delta Sorority Tuscaloosa, AL | $18,544,101 | $3,357,016 |
Alpha Chi Omega Alpha Upsilon House Corporation Tuscaloosa, AL | $17,872,945 | $3,140,605 |
Phi Mu House Corporation Tuscaloosa, AL | $18,579,547 | $3,616,804 |
Alpha Delta Pi Building Corporation Tuscaloosa, AL | $14,319,134 | $2,607,081 |