Chi Omega Foundation FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Since 1977EIN 31-0936294Revenue $8.2M in FY2023

On file with the IRSchiomega.com/about-foundation3395 Players Club Pkwy, 38125-8863 · Memphis, TNTax-exempt since Aug 1978Publicly supported charity — 170(b)(1)(A)(vi)

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The Chi Omega Foundation supports educational & leadership development through scholarships, grants and other learning opportunities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$214K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.4M a year · 45% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$214K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$813K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.2M
+11% vs prior year
Spent
$6.2M
To programs
72%
Net assets
$45.8M
By yearFY2021–FY2026
Revenue
$8.2M
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2021$8.1M
FY2022$7.4M
FY2023$8.2M
FY2024$12.6M
FY2025$9.2M
FY2026$13.6M
Expenses
$6.2M
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.2M
FY2022$5.8M
FY2023$6.2M
FY2024$4.8M
FY2025$5.2M
FY2026$6.5M
Net assets
$45.8M
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$46.7M
FY2022$44.6M
FY2023$45.8M
FY2024$56.6M
FY2025$61.8M
FY2026$74.3M

From the FY2023 Form 990 (year ending April 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Aug 1978.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $4.5M Management & general 11% · $705K Fundraising 16% · $1.0M

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

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Who runs it and what they're paid

18 people listed on the 990; $214K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Vice President
$133,725Pt VII · Sec A
Director of Finance
$80,149Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Sally Kimball$147,239$149,744$139,172$133,725$128,584$128,091
Christy Passmore————$102,386—
Holly Bailey$96,147$86,516$84,360$80,149$76,963$51,124

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Chi Omega Foundation 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 15aYes

Programs and updates

Provides scholarships, grants, and learning opportunities to support educational development.

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Provided by the organization

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3 programs · $3.8M · in their own filed words · FY2022
01

Educational area housing grants and headquarters preservation enhancements: educational area housing grants to chi omega house corporations to support the educational portion of chapter housing.

$2.7Mprogram expense
02

Educational Programming

The foundation supports the development and implementation of educational and leadership programming to over 270,000 members through in person and virtual learning settings. Programming fosters personal growth and prepares collegians and alumnae to serve as leaders.

$757Kprogram expense
03

Scholarships and Aid to Members in Need

The foundation awards annual scholarships to qualified recipients for undergraduate and graduate educational pursuits. Scholarships are awarded based on multiple factors including academic merit, leadership within the organization, financial need and field of study.

$347Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Byer FoundationFY2025$30K
Total grants receivedfrom 2 funders$30K
Grants paid · 60 grants · $17.9M · 2020–2025
Chi Omega FraternityTN · FY2025$861,847
Unitemized GrantFY2025$486,134
Unitemized GrantFY2025$77,755
Foundation for Fraternal Excellence INCFY2025$25,000
Chi Omega FraternityWI · FY2025$12,512
Chi Omega FraternityTN · FY2024$850,000
Unitemized GrantFY2024$386,066
Unitemized GrantFY2024$59,899
See all 60 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8.2M
Ln 12
Gifts and grantsLn 1h$6.8M
Investment incomeLn 3$1.3M
Fees for servicesLn 2g$138K
Money outPt IX
$6.2M
Ln 25
Programscol B$4.5M
Managementcol C$705K
Fundraisingcol D$1.0M
Owns and owesPt X
$45.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$46.6M
LiabilitiesLn 26$813K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Noncash giftsLn 1g$474K
Fees for servicesLn 2g$138K
Investment incomeLn 3$1.3M
Gains on assetsLn 7$115K
Total revenueLn 12$8.2M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$39.0M
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$32K
Total assetsLn 16$46.6M
LiabilitiesLn 26$813K
Net assetsLn 32$45.8M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6147
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.2M$3.3M
InvestmentsLn 11–13$35.7M$39.0M
Land, buildings, equipmentLn 10c$2.3M$2.2M
Total assetsLn 16$45.5M$46.6M
LiabilitiesLn 26$894K$813K
Net assetsLn 32$44.6M$45.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.4M$3.4M
Grants to domestic individualsLn 2$348K$348K
Pay of current officers, directors and key staffLn 5$218K$22K$128K$68K
Other salaries and wagesLn 7$627K$96K$201K$329K
Pension plan contributionsLn 8$27K$4K$10K$13K
Other employee benefitsLn 9$23K$3K$9K$11K
Payroll taxesLn 10$67K$9K$26K$31K
Legal feesLn 11b$17K$10K$7K
Accounting feesLn 11c$28K$28K
Professional fundraising feesLn 11e$74K$74K
TravelLn 17$109K$25K$84K
Depreciation, depletion and amortizationLn 22$199K$143K$56K
InsuranceLn 23$64K$18K$7K$39K
Other expenses (24a–d)Ln 24$452K$158K$58K$236K
All other expensesLn 24e$480K$210K$150K$120K
Total functional expensesLn 25$6.2M$4.5M$705K$1.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $13.6M$6.5M$7.1M$74.3M 990 PDF
FY2025 $9.2M$5.2M$4.0M$61.8M 990 PDF
FY2024 $12.6M$4.8M$7.8M$56.6M 990 PDF
FY2023 Viewing $8.2M$6.2M$2.0M$45.8M 990 PDF
FY2022 $7.4M$5.8M$1.6M$44.6M 990 PDF
FY2021 $8.1M$4.2M$3.9M$46.7M 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 FY2023 990 (6 parts)
Part I · Summary $8,203,863 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,382,081$6,788,632
I-9 Program service revenuePrior year $143,833$137,825
I-10 Investment incomePrior year $1,515,731$1,277,406
I-11 Other revenuePrior year $331,400$0
I-12 Total revenuePrior year $7,373,045$8,203,863
I-13 Grants and similar amounts paidPrior year $3,670,403$3,776,456
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $933,518$961,204
I-16a Professional fundraising feesPrior year $89,523$74,094
I-17 Other expensesPrior year $1,078,320$1,349,895
I-18 Total expensesPrior year $5,771,764$6,161,649
I-19 Revenue less expensesPrior year $1,601,281$2,042,214
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,203,863 across 7 lines filed
VIII-1f All other contributions, gifts and grants$6,788,632
VIII-1g Noncash contributions (included above)$473,760
VIII-1h Total contributions, gifts and grants$6,788,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,825$137,825
VIII-3 Investment incomeExcluded from tax $1,162,559$1,162,559
VIII-7 Net gain or loss on sales of assetsRelated to mission $114,847$114,847
VIII-12 Total revenueRelated to mission $252,672 · Unrelated business $0 · Excluded from tax $1,162,559$8,203,863
Part IX · Statement of functional expenses $6,161,649 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $3,428,851$3,428,851
IX-2 Grants to domestic individualsPrograms $347,605$347,605
IX-5 Pay of current officers, directors and key staffPrograms $21,758 · Management $127,885 · Fundraising $67,935$217,578
IX-7 Other salaries and wagesPrograms $96,432 · Management $201,357 · Fundraising $328,843$626,632
IX-8 Pension plan contributionsPrograms $3,760 · Management $10,475 · Fundraising $12,624$26,859
IX-9 Other employee benefitsPrograms $3,256 · Management $9,070 · Fundraising $10,930$23,256
IX-10 Payroll taxesPrograms $9,363 · Management $26,083 · Fundraising $31,433$66,879
IX-11b Legal feesPrograms $10,137 · Management $6,750$16,887
IX-11c Accounting feesManagement $28,003$28,003
IX-11e Professional fundraising feesFundraising $74,094$74,094
IX-17 TravelManagement $24,718 · Fundraising $84,329$109,047
IX-22 Depreciation, depletion and amortizationPrograms $143,456 · Management $55,788$199,244
IX-23 InsurancePrograms $18,179 · Management $7,070 · Fundraising $39,059$64,308
IX-24 Other expenses (24a–d)Programs $158,433 · Management $57,538 · Fundraising $235,950$451,921
IX-24e All other expensesPrograms $210,307 · Management $149,789 · Fundraising $120,389$480,485
IX-25 Total functional expensesPrograms $4,451,537 · Management $704,526 · Fundraising $1,005,586$6,161,649
Part X · Balance sheet $46,573,819 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $532,467$41,004
X-2 Savings and temporary cash investmentsStart of year $3,684,143$3,230,858
X-3 Pledges and grants receivableStart of year $3,059,210$1,961,718
X-9 Prepaid expenses and deferred chargesStart of year $128,645$47,731
X-10c Land, buildings and equipment, netStart of year $2,288,442$2,220,225
X-11 Publicly traded securitiesStart of year $35,737,712$39,040,497
X-15 Other assetsStart of year $53,219$31,786
X-16 Total assetsStart of year $45,483,838$46,573,819
X-17 Accounts payable and accrued expensesStart of year $801,172$766,724
X-25 Other liabilitiesStart of year $92,614$46,219
X-26 Total liabilitiesStart of year $893,786$812,943
X-27 Net assets without donor restrictionsStart of year $5,974,430$5,952,686
X-28 Net assets with donor restrictionsStart of year $38,615,622$39,808,190
X-32 Total net assets or fund balancesStart of year $44,590,052$45,760,876
X-33 Total liabilities and net assetsStart of year $45,483,838$46,573,819
Part XI · Reconciliation of net assets $45,760,876 net assets at year end
XI-1 Total revenue$8,203,863
XI-2 Total expenses$6,161,649
XI-3 Revenue less expenses$2,042,214
XI-4 Net assets at start of year$44,590,052
XI-5 Net unrealized gains (losses) on investments−$871,390
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$45,760,876

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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