Chi Omega Fraternity FY2023 filing

Not tax-deductible

Charlotte, NC501(c)(7)Mutual / membership EIN 31-1046125Revenue $117K in FY2023

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.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
56% of total assets
Fine: liabilities are 56% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$117K
-1% vs prior year
Spent
$111K
To programs
97%
Net assets
$37K
By yearFY2021–FY2025
Revenue
$117K
FY2023▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2021$96K
FY2022$119K
FY2023$117K
FY2024$141K
FY2025$177K
Expenses
$111K
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$101K
FY2022$114K
FY2023$111K
FY2024$148K
FY2025$170K
Net assets
$37K
FY2023▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2021$27K
FY2022$31K
FY2023$37K
FY2024$30K
FY2025$38K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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

97 cents of each dollar spent went to programs.

Program services 97% · $107K Management & general 3% · $4K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member Educator
$0Pt VII · Sec A
Personnel Chair
$0Pt VII · Sec A
Recruitment Chair
$0Pt VII · Sec A
Panhellenic Delegate
$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 · $107K · in their own filed words · FY2022
01

Recruitment, Education, and Supplies and All Other Expenses

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

$61Kprogram expense
02

National

Passthrough fees. Fees for national support.

$34Kprogram expense
03

Sisterhood

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

$12Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$117K
Ln 12
Fees for servicesLn 2g$101K
Other incomeLn 4–11$16K
Investment incomeLn 3$81
Money outPt IX
$111K
Ln 25
Programscol B$107K
Managementcol C$4K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$85K
LiabilitiesLn 26$48K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$101K
Investment incomeLn 3$81
Other incomeLn 4–11$16K
Total revenueLn 12$117K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Total assetsLn 16$85K
LiabilitiesLn 26$48K
Net assetsLn 32$37K
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 FY23End FY23
Cash and savingsLn 1–2$24K$37K
Total assetsLn 16$76K$85K
LiabilitiesLn 26$45K$48K
Net assetsLn 32$31K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$743$743
Office expensesLn 13$52$52
Other expenses (24a–d)Ln 24$83K$83K
All other expensesLn 24e$23K$23K
Total functional expensesLn 25$111K$107K$4K$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 Viewing $117K$111K$6K$37K 990 PDF
FY2022 $119K$114K$4K$31K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $117,107 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,580$0
I-9 Program service revenuePrior year $100,693$101,051
I-10 Investment incomePrior year $5$81
I-11 Other revenuePrior year $5,375$15,975
I-12 Total revenuePrior year $118,653$117,107
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 $114,405$111,000
I-18 Total expensesPrior year $114,405$111,000
I-19 Revenue less expensesPrior year $4,248$6,107
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $117,107 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,051$101,051
VIII-3 Investment incomeUnrelated business $81$81
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,975$15,975
VIII-12 Total revenueRelated to mission $117,026 · Unrelated business $81 · Excluded from tax $0$117,107
Part IX · Statement of functional expenses $111,000 across 6 lines filed
IX-11c Accounting feesManagement $1,000$1,000
IX-11g Other fees for servicesManagement $2,561$2,561
IX-12 Advertising and promotionPrograms $743$743
IX-13 Office expensesManagement $52$52
IX-24 Other expenses (24a–d)Programs $83,261$83,261
IX-24e All other expensesPrograms $23,383$23,383
IX-25 Total functional expensesPrograms $107,387 · Management $3,613 · Fundraising $0$111,000
Part X · Balance sheet $85,058 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $23,920$36,645
X-4 Accounts receivableStart of year $44,678$48,002
X-9 Prepaid expenses and deferred chargesStart of year $7,029$411
X-16 Total assetsStart of year $75,627$85,058
X-19 Deferred revenueStart of year $44,678$48,002
X-26 Total liabilitiesStart of year $44,678$48,002
X-32 Total net assets or fund balancesStart of year $30,949$37,056
X-33 Total liabilities and net assetsStart of year $75,627$85,058
Part XI · Reconciliation of net assets $37,056 net assets at year end
XI-1 Total revenue$117,107
XI-2 Total expenses$111,000
XI-3 Revenue less expenses$6,107
XI-4 Net assets at start of year$30,949
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$37,056

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

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