Chi Omega Fraternity
- Assets
- $452.7k
- Revenue
- $439.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- Data as of
- 06/2022
- EIN
- 72-6034029
Organization Overview
Chi Omega Fraternity is located in Baton Rouge, LA. 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 $439.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $459.0k during the year ending 06/2022. While expenses have increased by 3.9% 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
TO PROMOTE LASTING AND ENDURING FRIENDSHIPS; TO FOSTER HIGHER STANDARDS OF INTELLECTUAL ACHIEVEMENT AND ETHICAL BEHAVIOR; TO PROMOTE EDUCATIONAL AND SOCIAL MILIEU OF THE COLLEGE WHERE THE CHAPTER IS ESTBLISHED; AND TO PROMOTE ADVANCEMENT IN THE LIVES OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION FULFILLS ITS MISSION THROUGH A VARIETY OF SOCIAL FUNCTIONS. THE FUNCTIONS INCLUDE A SEMI-FORMAL DANCE/PARTY; INFORMAL PARTIES WITH MEMBERS, FAMILY, AND FRIENDS; AN ANNUAL BANQUET; CAMPUS ACTIVITIES; MEMBERSHIP RECRUITMENT; COOKOUTS; MEMBER INITIATION; AND FUNDRAISING EVENTS. THE NUMBER OF SOCIAL EVENTS IS DEPENDENT UPON THE ORGANIZATION'S AVAILABLE FUNDS AND THE COLLEGE'S SCHOOL CALENDAR. THE ORGANIZATION ALSO PROMOTES SCHOLARSHIP AMONGST ITS MEMBERS AND HAS AN EVENT EACH SEMESTER TO RECOGNIZE ITS TOP STUDENTS. THE ORGANIZATION ALSO BUILDS RELATIONSHIPS WITH OTHER COLLEGE CHAPTERS THROUGH VARIOUS EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Nolen President | Officer | 5 | $0 |
Kirby Black Vice President | Officer | 5 | $0 |
Marie Seicshnaydre Secretary | Officer | 5 | $0 |
Caroline Ingraffia Treasurer | Officer | 5 | $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 | $437,149 |
| Investment income | $206 |
| 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 | $1,875 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $439,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,719 |
| 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 | $2,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $131 |
| Office expenses | $29,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,303 |
| Interest | $0 |
| Payments to affiliates | $58,217 |
| Depreciation, depletion, and amortization | $3,884 |
| Insurance | $36,400 |
| All other expenses | $247,635 |
| Total functional expenses | $459,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,226 |
| Savings and temporary cash investments | $219,011 |
| 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 | $466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,703 |
| 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 | $258,592 |
| Net assets with donor restrictions | $194,111 |
| 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 | $452,703 |
Grants Awarded
Over the last fiscal year, Chi Omega Fraternity has awarded $16,059 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE ARC OF BATON ROUGE PURPOSE: CHARITABLE | $6,059 |
THE CHI OMEGA FOUNDATION PURPOSE: CHARITABLE | $10,000 |