Chi Omega Fraternity is located in Corvallis, OR. 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 $57.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $101.1k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDES SOCIAL EVENTS AND OTHER ACTIVITIES ATTENDED BY APPROXIMATELY 70 TO 100 OREGON STATE UNIVERSITY STUDENTS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Martus President | 15 | $0 | |
Nicole Cramer Vice Preside | 15 | $0 | |
Sharon Buckley-Wheeler Secretary | 15 | $0 | |
Isabella Forino Treasurer | 15 | $0 | |
Paige Baker Member Educa | 15 | $0 | |
Lily Giordano Personnel Ch | 15 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $343 |
| Total Program Service Revenue | $0 |
| Membership dues | $56,629 |
| Investment income | $344 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $101,099 |
| Total expenses | $101,099 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,069 |
| Other assets | $0 |
| Total assets | $31,475 |
| Total liabilities | $18,406 |
| Net assets or fund balances | $13,069 |