Chi Omega Fraternity
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $62.9k
- Employees
- 5
- Location
- Baton Rouge, LA
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 72-6021413
Organization Overview
Chi Omega Fraternity is located in Baton Rouge, LA. 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. As of 06/2022, Chi Omega Fraternity employed 5 individuals. 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 06/2022, Chi Omega Fraternity generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 22.4% per year over the past 6 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
SOCIAL SORORITY ORGANIZATION OF THE PHI GAMMA CHAPTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SORORITY ORGANIZATION OF THE PHI GAMMA CHAPTER OF CHI OMEGA.
SOCIAL SORORITY ORGANIZATION OF THE PHI GAMMA CHAPTER OF CHI OMEGA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Falgoust Treasurer | Officer | $0 | |
Holly Sides President | Officer | $0 | |
Stacy Schliewe Secretary | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $499,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $668,612 |
| Total Program Service Revenue | $840,367 |
| Investment income | $1,810 |
| 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 | $1,510,789 |
| 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. | $52,972 |
| Compensation of current officers, directors, key employees. | $26,486 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,849 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,079 |
| Advertising and promotion | $0 |
| Office expenses | $33,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,680 |
| Travel | $5,173 |
| 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 | $111,981 |
| Insurance | $8,116 |
| All other expenses | $102,939 |
| Total functional expenses | $1,511,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,741 |
| Savings and temporary cash investments | $353,913 |
| 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 | $121,372 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31 |
| Net Land, buildings, and equipment | $733,468 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,934 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $236,845 |
| Total assets | $1,575,304 |
| 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 | $1,500 |
| Total liabilities | $1,500 |
| 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 | $1,573,804 |
| Total liabilities and net assets/fund balances | $1,575,304 |
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Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |