Chi Omega Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310936294 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Chi Omega Foundation?

The Chi Omega Foundation is a nonprofit organization situated in Memphis, Tennessee. Its primary mission is to foster educational and leadership growth by granting scholarships and providing learning opportunities to deserving individuals. The foundation awards scholarships based on factors such as academic merit, leadership within the organization, financial need, and field of study. In addition, it offers emergency aid grants to qualified members undergoing financial, medical, or disaster-related hardships. With a dedicated team of 16 employees, the Chi Omega Foundation is committed to supporting and empowering its members in their educational pursuits.


Official website here: www.chiomega.com/about-foundation

Is Chi Omega Foundation legitimate?

Chi Omega Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Omega Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $217,578
Professional Fundraising Fees: $74,094
Other Salaries and Wages: $626,632

For more financial information, click here


Official website here: www.chiomega.com/about-foundation

What is the mission statement of Chi Omega Foundation?

The Chi Omega Foundation's mission is centered around promoting educational and leadership development. They achieve this by providing scholarships, grants, and various learning opportunities. The foundation awards annual scholarships to qualified individuals pursuing undergraduate and graduate studies, considering factors such as academic merit, leadership within the organization, financial need, and field of study. Furthermore, the foundation offers emergency aid grants to members experiencing unexpected financial, medical, or disaster-related hardships.


Official website here: www.chiomega.com/about-foundation

Who is the CEO of Chi Omega Foundation?

Sally Kimball is the President of Chi Omega Foundation.


Official website here: www.chiomega.com/about-foundation

What is the revenue of Chi Omega Foundation?

Chi Omega Foundation's revenue in 2023 was $8,203,863.


Official website here: www.chiomega.com/about-foundation

Who are the executives of Chi Omega Foundation and what are their salaries?

The average compensation at Chi Omega Foundation during 2023 was $52,763. There are 16 employees and 80 volunteers at Chi Omega Foundation.

Here are 18 key members and their salaries:

    Sally Kimball (Executive Vice President)
  • Compensation: $133,725
  • Related: $0
  • Other: $6,698

    • Holly Bailey (Director Of Finance)
  • Compensation: $80,149
  • Related: $0
  • Other: $8,332

    • Ann Bradshaw (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Miller (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rena E Pilalas (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Letitia Fulkerson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Bingel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dana Kleine (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Miller Buch (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danna Redmond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Buckner (Ex-Officio Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Laurie (Ex-Officio Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathey Humphreys (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Connor (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jan Heck (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corinna Casey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erin Packwood (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brittney Widden (Chief Financial Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.chiomega.com/about-foundation

    Where can I find the form 990 for Chi Omega Foundation?

    The Chi Omega Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.chiomega.com/about-foundation

    Learn more at the official website: www.chiomega.com/about-foundation

    Mission Statement of Chi Omega Foundation

    The Chi Omega Foundation, a nonprofit organization, is dedicated to fostering educational and leadership development. It achieves this mission by providing scholarships, grants, and learning opportunities. The foundation's support extends to qualified individuals for undergraduate and graduate educational pursuits. The scholarship awards are influenced by various factors, including academic merit, leadership within the organization, financial need, and the field of study.

    In addition to scholarships, the Chi Omega Foundation offers emergency aid grants to eligible members who are going through unexpected financial, medical, or disaster-related hardships. This proactive approach ensures that members in need can continue their educational journeys without undue pressure from financial or other challenges. By supporting educational and leadership development in this manner, the Chi Omega Foundation empowers its members to reach their full potential and make meaningful contributions to society.

    Impact

    This information is meant to be a general summary of Chi Omega Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Chi Omega Foundation's impact is significant in supporting educational and leadership development through scholarships, grants, and learning opportunities. The Foundation awards annual scholarships to qualified recipients for undergraduate and graduate educational pursuits. These scholarships are granted based on factors such as academic merit, leadership within the organization, financial need, and the field of study. Additionally, the Foundation provides emergency aid grants to qualifying members who are facing unexpected financial, medical, or disaster-related situations. Through these initiatives, Chi Omega Foundation plays a crucial role in empowering members to achieve their educational and leadership goals while providing support during challenging times.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,277,406
  • Program Service Revenue: $137,825
  • Gross Receipts: $10,816,035

    • Assets and Liabilities:
  • Total Assets: $46,573,819
  • Total Liabilities: $812,943
  • Net Assets: $45,760,876
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME - (CHI OMEGA FRATER

    Revenue

    $88,511

    SERVICE FEE INCOME

    Revenue

    $49,314

    Organization Details

    Founding Year

    1977

    Principal Officer

    Sally Kimball

    Main Address

    3395 PLAYERS CLUB PARKWAY, MEMPHIS, TN, 38125

    NTEE Category

    Code: Y11 - Mutual benefit

    If you are a representative of Chi Omega Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.