Chi Zeta Corporation
- Assets
- $889.5k
- Revenue
- $509.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Fort Collins, CO
- Founding
- 12/1979
- Data as of
- 06/2019
- EIN
- 84-0473295
Organization Overview
Chi Zeta Corporation is located in Fort Collins, CO. The organization was established in 1979. 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 06/2019, Chi Zeta Corporation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Zeta Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2019, Chi Zeta Corporation generated $509.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $480.9k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE AND MAINTAIN ADEQUATE HOUSING FOR THE UNDERGRADUATE MEMBERS OF THE CORPORATION ATTENDING THE COLORADO STATE UNIVERSITY, IN THE FORM OF A CLUBHOUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES AND ASSESSMENTS FROM SORORITY MEMBERS PRIMARILY PROVIDE THE FUNDS FOR THE ORGANIZATION'S EXEMPT PURPOSES AS A SOCIAL SORORITY, EXEMPT PURSUANT TO THE PROVISIONS OF IRC SEC 501(C)(7).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan James President | Officer | 0 | $0 |
Jacque Rickett Treasurer | Officer | 0 | $0 |
Lauren Zager Secretary | Officer | 0 | $0 |
Katy Trumble Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,247 |
| 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 | $509,224 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $99,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,909 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,882 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $480,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,466 |
| Savings and temporary cash investments | $217,741 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $889,501 |
| 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 | $46,308 |
| Total liabilities | $46,308 |
| Net assets without donor restrictions | $843,193 |
| 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 |
| Total liabilities and net assets/fund balances | $843,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Sigma Phi Epsilon Foundation In Nebraska Inc Lincoln, NE | $4,553,934 | $970,576 |
Kappa Kappa Psi Fraternity Stillwater, OK | $1,821,222 | $821,244 |
Sigma Nu Fraternity Longmont, CO | $2,662,782 | $1,365,916 |