Chi Omega Fraternity FY2021 filing

Not tax-deductible

Charlotte, NC501(c)(7)Mutual / membership EIN 31-1046125Revenue $96K in FY2021

On file with the IRS9201 University City Blvd, 28223-0001 · Charlotte, NCTax-exempt since Dec 1940

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Chi Omega is a sisterhood that provides a network of friends and lifelong development for collegiate and alumnae members.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · 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
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$43K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$96K
Spent
$101K
To programs
94%
Net assets
$27K
By yearFY2021–FY2025
Revenue
$96K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$96K
FY2022$119K
FY2023$117K
FY2024$141K
FY2025$177K
Expenses
$101K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$101K
FY2022$114K
FY2023$111K
FY2024$148K
FY2025$170K
Net assets
$27K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$27K
FY2022$31K
FY2023$37K
FY2024$30K
FY2025$38K

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1940.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $94K Management & general 6% · $6K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
New Member Educator
$0Pt VII · Sec A
Director of Programming
$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

Offers lifelong friendship and development for college and alumnae members.

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Provided by the organization

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3 programs · $84K · in their own filed words · FY2020
01

Recruitment, Education, and Supplies and All Other Expenses

To continue to promote the organization through recruitment and for the education and supplies needed.

$43Kprogram expense
02

National

Passthrough fees. Fees for national support.

$35Kprogram expense
03

Sisterhood

To promote growth and development to members through chapter member functions and activities.

$7Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 2 grants · $25K · 2024–2024
Chi Omega FoundationTN · FY2024$5,211

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$96K
Ln 12
Fees for servicesLn 2g$76K
Other incomeLn 4–11$15K
Gifts and grantsLn 1h$6K
Money outPt IX
$101K
Ln 25
Programscol B$94K
Managementcol C$6K
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$21K
Total assetsLn 16$70K
LiabilitiesLn 26$43K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$76K
Investment incomeLn 3$8
Other incomeLn 4–11$15K
Total revenueLn 12$96K
Assets in detailPt X, end of year
CashLn 1$21K
Cash and savings togetherLn 1–2$21K
Total assetsLn 16$70K
LiabilitiesLn 26$43K
Net assetsLn 32$27K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$30K$21K
Total assetsLn 16$73K$70K
LiabilitiesLn 26$42K$43K
Net assetsLn 32$31K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$825$825
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$552$552
Office expensesLn 13$77$77
TravelLn 17$140$140
Other expenses (24a–d)Ln 24$64K$64K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$101K$94K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $177K$170K$8K$38K 990 PDF
FY2024 $141K$148K−$7K$30K 990 PDF
FY2023 $117K$111K$6K$37K 990 PDF
FY2022 $119K$114K$4K$31K 990 PDF
FY2021 Viewing $96K$101K−$4K$27K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $96,345 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,477$5,757
I-9 Program service revenuePrior year $81,781$75,945
I-10 Investment incomePrior year $24$8
I-11 Other revenuePrior year $23,334$14,635
I-12 Total revenuePrior year $112,616$96,345
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $106,916$100,601
I-18 Total expensesPrior year $106,916$100,601
I-19 Revenue less expensesPrior year $5,700−$4,256
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $96,345 across 6 lines filed
VIII-1f All other contributions, gifts and grants$5,757
VIII-1h Total contributions, gifts and grants$5,757
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $75,945$75,945
VIII-3 Investment incomeExcluded from tax $8$8
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,635$14,635
VIII-12 Total revenueRelated to mission $90,580 · Unrelated business $0 · Excluded from tax $8$96,345
Part IX · Statement of functional expenses $100,601 across 7 lines filed
IX-11c Accounting feesManagement $825$825
IX-11g Other fees for servicesManagement $5,332$5,332
IX-12 Advertising and promotionPrograms $552$552
IX-13 Office expensesManagement $77$77
IX-17 TravelPrograms $140$140
IX-24 Other expenses (24a–d)Programs $63,907$63,907
IX-24e All other expensesPrograms $29,768$29,768
IX-25 Total functional expensesPrograms $94,367 · Management $6,234 · Fundraising $0$100,601
Part X · Balance sheet $70,036 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $29,558$21,192
X-4 Accounts receivableStart of year $41,868$43,335
X-9 Prepaid expenses and deferred chargesStart of year $1,399$5,509
X-16 Total assetsStart of year $72,825$70,036
X-19 Deferred revenueStart of year $41,868$43,335
X-26 Total liabilitiesStart of year $41,868$43,335
X-32 Total net assets or fund balancesStart of year $30,957$26,701
X-33 Total liabilities and net assetsStart of year $72,825$70,036
Part XI · Reconciliation of net assets $26,701 net assets at year end
XI-1 Total revenue$96,345
XI-2 Total expenses$100,601
XI-3 Revenue less expenses−$4,256
XI-4 Net assets at start of year$30,957
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$26,701

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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