Upsilon Lambda Chapter of Chi Omega FY2021 filing

Madison, IN501(c)(7)Since 1986EIN 31-1212633Revenue $355K in FY2021

On file with the IRSPo Box 959, 47250-0959 · Madison, INTax-exempt since Sep 1987

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Sorority house providing housing, meals and activities for its members.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

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
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
4 of 5
filings with a surplus
Average surplus $38K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 34.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$319
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$355K
Spent
$235K
To programs
100%
Net assets
$680K
By yearFY2021–FY2025
Revenue
$355K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$355K
FY2022$272K
FY2023$322K
FY2024$542
FY2025$11K
Expenses
$235K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$235K
FY2022$264K
FY2023$251K
FY2024$10K
FY2025$8K
Net assets
$680K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$680K
FY2022$688K
FY2023$758K
FY2024$749K
FY2025$752K

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

Form 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 Sep 1987.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $235K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Upsilon Lambda Chapter of Chi Omega 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 housing, meals, and activities for its members.

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Provided by the organization

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1 program · $235K · in their own filed words · FY2020
01

To provide housing, meals and activities for members of chi omega sorority at hanover college.

$235Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$355K
Ln 12
Fees for servicesLn 2g$354K
Investment incomeLn 3$293
Money outPt IX
$235K
Ln 25
Programscol B$235K
Owns and owesPt X
$680K
net assets · Ln 32
Cash and savingsLn 1–2$680K
Total assetsLn 16$680K
LiabilitiesLn 26$319
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$354K
Investment incomeLn 3$293
Total revenueLn 12$355K
Assets in detailPt X, end of year
CashLn 1$452K
SavingsLn 2$228K
Cash and savings togetherLn 1–2$680K
Total assetsLn 16$680K
LiabilitiesLn 26$319
Net assetsLn 32$680K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
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$561K$680K
Total assetsLn 16$561K$680K
LiabilitiesLn 26$0$319
Net assetsLn 32$561K$680K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Other salaries and wagesLn 7$108K$108K
Payroll taxesLn 10$11K$11K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$81$81
OccupancyLn 16$17K$17K
TravelLn 17$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$89K$89K
All other expensesLn 24e$19$19
Total functional expensesLn 25$235K$235K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11K$8K$3K$752K 990 PDF
FY2024 $542$10K−$9K$749K 990 PDF
FY2023 $322K$251K$71K$758K 990 PDF
FY2022 $272K$264K$8K$688K 990 PDF
FY2021 Viewing $355K$235K$119K$680K 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 FY2021 990 (6 parts)
Part I · Summary $354,622 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $301,456$354,329
I-10 Investment incomePrior year $323$293
I-11 Other revenue$0
I-12 Total revenuePrior year $301,779$354,622
I-13 Grants and similar amounts paidPrior year $1,200$1,842
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $111,395$118,136
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $127,242$115,445
I-18 Total expensesPrior year $239,837$235,423
I-19 Revenue less expensesPrior year $61,942$119,199
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $354,622 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $354,329$354,329
VIII-3 Investment incomeRelated to mission $293$293
VIII-12 Total revenueRelated to mission $354,622 · Unrelated business $0 · Excluded from tax $0$354,622
Part IX · Statement of functional expenses $235,423 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $1,842$1,842
IX-7 Other salaries and wagesPrograms $107,568$107,568
IX-10 Payroll taxesPrograms $10,568$10,568
IX-11c Accounting feesPrograms $3,930$3,930
IX-13 Office expensesPrograms $81$81
IX-16 OccupancyPrograms $17,079$17,079
IX-17 TravelPrograms $2,262$2,262
IX-23 InsurancePrograms $2,822$2,822
IX-24 Other expenses (24a–d)Programs $89,252$89,252
IX-24e All other expensesPrograms $19$19
IX-25 Total functional expensesPrograms $235,423 · Management $0 · Fundraising $0$235,423
Part X · Balance sheet $680,069 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $332,477$451,722
X-2 Savings and temporary cash investmentsStart of year $228,074$228,347
X-16 Total assetsStart of year $560,551$680,069
X-17 Accounts payable and accrued expenses$319
X-26 Total liabilitiesStart of year $0$319
X-32 Total net assets or fund balancesStart of year $560,551$679,750
X-33 Total liabilities and net assetsStart of year $560,551$680,069
Part XI · Reconciliation of net assets $679,750 net assets at year end
XI-1 Total revenue$354,622
XI-2 Total expenses$235,423
XI-3 Revenue less expenses$119,199
XI-4 Net assets at start of year$560,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$679,750

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

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