Chi Omega Fraternity

Kingston, RI501(c)(7)EIN 05-6022503

Promotes education, social activities & unity amongst the sorority members

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $23K a year · 10% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$261K
+22% vs prior year
Spent
$219K
To programs
99%
Net assets
$57K
By yearFY2021–FY2024
Revenue
$261K
FY2024▲ +22%
Revenue by fiscal year
FY2021$121K
FY2022$121K
FY2023$214K
FY2024$261K
Expenses
$219K
FY2024▲ +4%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$211K
FY2024$219K
Net assets
$57K
FY2024▲ +27%
Net assets by fiscal year
FY2021$48K
FY2022$42K
FY2023$45K
FY2024$57K

From the FY2024 Form 990 (year ending January 2024) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $216K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Chi Omega Fraternity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters education, social activities, and unity for sorority members.

Provided by the organization

This section is blank until Chi Omega Fraternity claims this page.

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1 program service account for $216K of program spending, described in the organization's own filed words · FY2023.
01

Membership dues paid by active and new members

$216Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$261K
Ln 12
Fees for servicesLn 2g$261K
Money outPt IX
$219K
Ln 25
Programscol B$216K
Managementcol C$3K
Owns and owesPt X
$57K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$86K
LiabilitiesLn 26$29K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$261K
Total revenueLn 12$261K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$0
Cash and savings togetherLn 1–2$86K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$86K
LiabilitiesLn 26$29K
Net assetsLn 32$57K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$47K$86K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$47K$86K
LiabilitiesLn 26$32K$29K
Net assetsLn 32$15K$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$3K$0$3K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Other expenses (24a–d)Ln 24$170K$170K$0$0
All other expensesLn 24e$46K$46K$0$0
Total functional expensesLn 25$219K$216K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $261K$219K$43K$57K 990 PDF
FY2023 $214K$211K$3K$45K 990 PDF
FY2022 $121K$42K 990 PDF
FY2021 $121K$48K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $261,457 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $261,457 · Unrelated business $0 · Excluded from tax $0$261,457
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $261,457 · Unrelated business $0 · Excluded from tax $0$261,457
Part IX · Statement of functional expenses $218,730 across 9 lines filed
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $2,719 · Fundraising $0$2,719
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $169,743 · Management $0 · Fundraising $0$169,743
IX-24e All other expensesPrograms $46,268 · Management $0 · Fundraising $0$46,268
IX-25 Total functional expensesPrograms $216,011 · Management $2,719 · Fundraising $0$218,730
Part X · Balance sheet $86,330 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $46,898$86,330
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $46,898$86,330
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $32,164$28,869
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $32,164$28,869
X-32 Total net assets or fund balancesStart of year $14,734$57,461
X-33 Total liabilities and net assetsStart of year $46,898$86,330
Part XI · Reconciliation of net assets $57,461 net assets at year end
XI-1 Total revenue$261,457
XI-2 Total expenses$218,730
XI-3 Revenue less expenses$42,727
XI-4 Net assets at start of year$14,734
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$57,461

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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