Chi Omega Kaleidoscope

Nonprofit profile at a glance

EIN
760065611
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Houston, TX, USA
Phone
7138574357
Rating
95
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$74,017
Expenses
$70,208
Assets
$78,587
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Katie Smith (President, Alumnae Assoc)
  • Katelyn Karger (President, Alumnae Assoc)
  • Angela Cheves (Past President, Alumnae Assoc)

People named in this filing

  • Erin Packwood (Chair)
  • Lou Black (Treasurer)
  • Katie Smith (President, Alumnae Assoc)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Chi Omega Kaleidoscope is the fundraising arm of the Chi Omega Alumnae Association of Houston. Kaleidoscope's fundraising efforts enable us to provide financial support for our local philanthropy, grant scholarships for active collegians from the Greater Houston area, and sustain educational programs that benefit all Chi Omega active campus chapters nationally through the Chi Omega Foundation.

What it reported doing in 2024

Chi Omega Kaleidoscope - a biennial fundraising event net proceeds primarily benefit The Center for Pursuit and educational scholarships to Houston area collegiate women, as well as other identified charitable purposes.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.6%; rating input score 92
  • Program expense ratio: 96.6%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 5.1%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 14.8% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 20.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 11% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 91.6% of revenue deployed · 96.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $68K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2019 to 2024
  • 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.

  • Review — Sustainability: Operating margin scored 55/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.