Overview
What is Chi Omega Education And Charity Fund Of Dallas?
Chi Omega Education and Charity Fund of Dallas is a nonprofit organization dedicated to supporting both education and charitable causes in Dallas County. They manage the Chi Omega Christmas Market and distribute grants to qualified charitable organizations working in health, education, arts, and welfare sectors. Additionally, the fund provides scholarships to members of the Chi Omega sorority attending Southern Methodist University and other universities. The organization's mission is to utilize both public and private funds to make a positive impact on the Dallas community.
Official website here: www.chiomegaxmas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Chi Omega Education and Charity Fund of Dallas has achieved an 88% score from Charity Navigator, reflecting strong accountability and finance practices. This rating is primarily based on the organization's commitment to transparent operations, as evidenced by a fully independent board and diligent financial oversight. Such factors contribute to a high level of trust in the organization’s governance.
The charity excels in maintaining rigorous financial practices, with a program expense ratio of 89.63%, indicating that a significant portion of its funds directly supports its mission. Additionally, the organization demonstrates sound financial health, with a liabilities-to-assets ratio of 37.81%, suggesting effective management of resources.
However, there are areas for improvement, particularly in the absence of a whistleblower policy and document retention practices, which may raise concerns about internal accountability measures. Addressing these gaps could further enhance the organization's overall governance framework and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Chi Omega Education And Charity Fund Of Dallas legitimate?
Chi Omega Education And Charity Fund Of Dallas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Omega Education And Charity Fund Of Dallas 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,651
For more financial information, click here
Official website here: www.chiomegaxmas.org
What is the mission statement of Chi Omega Education And Charity Fund Of Dallas?
The Chi Omega Education and Charity Fund of Dallas's mission is centered around overseeing the Chi Omega Christmas Market and providing financial aid to deserving charitable organizations. These organizations operate within the sectors of health, education, arts, and welfare, serving the Dallas community. Furthermore, the fund also offers scholarships to eligible members of the Chi Omega sorority, across various universities. The primary objective of the Chi Omega Education and Charity Fund of Dallas is to contribute to community development and support the education of its members.
Official website here: www.chiomegaxmas.org
Who is the CEO of Chi Omega Education And Charity Fund Of Dallas?
Amy Lynn Jones is the Trustee of Chi Omega Education And Charity Fund Of Dallas.
Official website here: www.chiomegaxmas.org
What is the revenue of Chi Omega Education And Charity Fund Of Dallas?
Chi Omega Education And Charity Fund Of Dallas's revenue in 2023 was $941,206.
Official website here: www.chiomegaxmas.org
Who are the executives of Chi Omega Education And Charity Fund Of Dallas and what are their salaries?
The average compensation at Chi Omega Education And Charity Fund Of Dallas during 2023 was $11,651. There is 1 employee and 286 volunteers at Chi Omega Education And Charity Fund Of Dallas.
Here are 9 key members and their salaries:
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Official website here: www.chiomegaxmas.org
Where can I find the form 990 for Chi Omega Education And Charity Fund Of Dallas?
Chi Omega Education And Charity Fund Of Dallas's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chiomegaxmas.org
Learn more at the official website: www.chiomegaxmas.org
Mission Statement of Chi Omega Education And Charity Fund Of Dallas
The Chi Omega Education and Charity Fund of Dallas is dedicated to fulfilling a multi-faceted mission. Central to its activities is overseeing the Chi Omega Christmas Market, an annual event. Beyond this, the fund also extends its support to eligible charitable organizations operating within the Dallas community, focusing on sectors such as health, education, arts, and welfare. Furthermore, the fund provides scholarships to deserving members of the Chi Omega sorority, not just at Southern Methodist University, but also at other esteemed educational institutions. By leveraging both public and private funds, the Chi Omega Education and Charity Fund of Dallas seeks to make a meaningful impact in its community, uplifting the less fortunate and fostering the educational growth of young women.
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Impact
October, 2024
Chi Omega Education and Charity Fund of Dallas significantly contributes to the local community through various impactful initiatives. By managing the Chi Omega Christmas Market, it generates essential funds that support a range of charitable activities aimed at enhancing health, education, and civic engagement within Dallas County.
The fund provides grants to qualifying organizations that address critical needs in the community, ensuring that resources are directed toward programs that have a measurable impact on residents’ lives. Additionally, it awards scholarships to members of the Chi Omega sorority, facilitating their higher education journey at Southern Methodist University and other institutions. This dual approach not only nurtures academic success but also fosters a spirit of service and commitment to community welfare among young leaders.
Through its commitment to funding both educational opportunities and community-based initiatives, Chi Omega Education and Charity Fund of Dallas plays a vital role in strengthening the fabric of the Dallas area, empowering individuals and organizations to thrive.
This information is meant to be a general summary of Chi Omega Education And Charity Fund Of Dallas. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,805
- Program Service Revenue: $776,782
- Gross Receipts: $941,206
Assets and Liabilities:
- Total Assets: $1,267,015
- Total Liabilities: $479,069
- Net Assets: $787,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHI OMEGA CHRISTMAS MA
Revenue
$776,782
Organization Details
Founding Year
1969
Phone
(214) 890-1999Principal Officer
Amy Lynn Jones
Main Address
12700 HILLCREST RD 125, DALLAS, TX, 75230
Website
www.chiomegaxmas.orgNTEE Category
Code: B82 - Education
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