Chi Omega Fraternity

Nonprofit profile at a glance

EIN
510165039
IRS 990-EZ coverage
2020–2022
Forms available
Form 990-EZ 2022
Location
Boone, NC, USA
Phone
8455497516
Rating confidence
Limited

Reported finances

Revenue
$91,462
Expenses
$108,043
Assets
$72,362

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ELLA CHANCEY (PRESIDENT)
  • ANNE SPENCER (VICE PRESIDENT)

People named in this filing

  • ELLA CHANCEY (PRESIDENT)
  • ANNE SPENCER (VICE PRESIDENT)
  • CAROLINE SMITH (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote lasting and enduring friendships among its members. To foster a higher standard of intellectual achievement and ethical behavior among its members. To promote the education of its chapter members and to promote the educational and social milieu of the college.

What it reported doing in 2022

Fund raisers for the charity make a wish foundation events include selling hand painted totes made by the women in the chapter. They also sell sunflowers and thrifted clothes for donation. Fundraiser events for the make a wish foundation last for one week per semester wish wars event are held for local bands in the boone nc area to compete in performance competion. Ticket sales and food sales go toward the charity. Chi omega host monthly programs where members of the organization teach free yoga and painting classes. This promotes enduring friendships during collegiate career of the members.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 29
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -18.1%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.67; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 10.3% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 4 of 5 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 26/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.