Chi Omega Foundation

“The board of trustees reviews the 990 and related schedules prior to filing the return with the internal revenue service.”

“The conflict of interest policy is sent to the board of trustees and staff members annually. Each board and staff member are to read the policy and sign a statement attesting that they have no known conflicts of interest. If they do have a conflict of interest they attest to that conflict by signing a statement that notes the conflict of interest.”

“The board of trustees reviews the responsibilities of the executive vice president (the foundation's highest ranking paid staff member equivalent to an executive director) and compares the compensation paid by the foundation to how other similar organizations compensate employees in the same position. The board of trustees compensates other officers and key employees by reviewing salaries and wages paid in the market for similar positions.”

“Chi omega foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Officers are leased to the chi omega foundation (column d) and the chi omega fraternity (column e and see schedule o comment regarding related organization) by their payroll provider. The w-2's are issued in the name of the payroll provider and not the name of the chi omega foundation or chi omega fraternity.”

“Utilities: program service expenses 60,085. Management and general expenses 23,366. Fundraising expenses 0. Total expenses 83,451. Repairs and maintenance: program service expenses 40,822. Management and general expenses 15,875. Fundraising expenses 0. Total expenses 56,697. Equipment rental and maintenance: program service expenses 40,267. Management and general expenses 15,660. Fundraising expenses 0. Total expenses 55,927. The eleusis - magazine: program service expenses 0. Management and general expenses 0. Fundraising expenses 49,753. Total expenses 49,753. Janitorial and trash services: program service expenses 27,719. Management and general expenses 10,779. Fundraising expenses 0. Total expenses 38,498. Bank fees: program service expenses 0. Management and general expenses 35,577. Fundraising expenses 0. Total expenses 35,577. Telephone: program service expenses 4,692. Management and general expenses 14,143. Fundraising expenses 16,443. Total expenses 35,278. Printing & publications: program service expenses 0. Management and general expenses 0. Fundraising expenses 32,678. Total expenses 32,678. State taxes: program service expenses 11,659. Management and general expenses 4,534. Fundraising expenses 4,449. Total expenses 20,642. Security and fire: program service expenses 13,401. Management and general expenses 5,212. Fundraising expenses 0. Total expenses 18,613. Persephone circle: program service expenses 0. Management and general expenses 0. Fundraising expenses 16,737. Total expenses 16,737. Payroll processing fees: program service expenses 0. Management and general expenses 7,077. Fundraising expenses 0. Total expenses 7,077. Storage: program service expenses 4,887. Management and general expenses 1,900. Fundraising expenses 0. Total expenses 6,787. Postage & shipping: program service expenses 0. Management and general expenses 1,137. Fundraising expenses 5,306. Total expenses 6,443. Educational membership dues: program service expenses 0. Management and general expenses 5,400. Fundraising expenses 0. Total expenses 5,400. Courtesy: program service expenses 0. Management and general expenses 2,899. Fundraising expenses 0. Total expenses 2,899. Centennial brick: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,131. Total expenses 2,131.”

“Unrealized loss on securities -3,883,039.”

“No changes have been made to the process over the prior year.”

“The chi omega foundation and the chi omega fraternity share a history and often work together in creating their histories and fulfilling their missions. As such, the two organizations have a relationship, but are not technically "related organizations" as defined in the instructions to form 990.”