Alpha Theta Chapter Of Sigma Chi Inc
- Assets
- $3.5m
- Revenue
- $284.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 07/1982
- Data as of
- 08/2021
- EIN
- 04-2761368
Organization Overview
Alpha Theta Chapter Of Sigma Chi Inc is located in Wellesley, MA. The organization was established in 1982. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Theta Chapter Of Sigma Chi Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2021, Alpha Theta Chapter Of Sigma Chi Inc generated $284.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $384.2k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER TIES AMONG MEMBERS OF ALPHA THETA CHAPTER OF SIGMA CHI FRATERNITY AND CULTIVATE THE HIGH IDEALS OF FRIENDSHIP, JUSTICE AND LEARNING UPON WHICH SIGMA CHI WAS FOUNDED, TO FURTHER THE CONTINUED EXISTENCE AND WELL-BEING OF ALPHA THETA, A FRATERNITY AT THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY, AFFILIATED WITH THE NATIONAL SIGMA CHI FRATERNITY, AND TO CARRY ON ACTIVITIES, PROVIDE SERVICES AND ENGAGE IN TRANSACTIONS APPROPRIATE OR INCIDENTAL THERETO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME AND EXPENSES RELATE TO THE OWNERSHIP, OPERATION AND MAINTENANCE OF HISTORIC BOSTON BACK BAY REAL ESTATE OWNED FOR AND RENTED TO A COLLEGE FRATERNITY AT MIT (ALPHA THETA SIGMA CHI) WHOSE MEMBERS ARE MEMBERS OF THIS CORPORATION; AND TO PROGRAMS PROMOTING SCHOLARSHIP AND FELLOWSHIP AND ALUMNI RELATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael D Delaus President | OfficerTrustee | 3 | $0 |
Joshua B Littlefield Treasurer | OfficerTrustee | 4 | $0 |
Michael A Gibson Clerk | OfficerTrustee | 0.5 | $0 |
James G Wilber Director | Trustee | 0.25 | $0 |
Herbert W Mower Director | Trustee | 0.25 | $0 |
Mark A Curtiss Director | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lda Architecture And Interiors Architecture And Interior Design | 8/30/15 | $116,973 |
Oxbow Partners Llc Construction Project Management | 8/30/15 | $104,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,131 |
| Total Program Service Revenue | $248,534 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,548 |
| Office expenses | $459 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,730 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,145 |
| Insurance | $8,077 |
| All other expenses | $150 |
| Total functional expenses | $384,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,284 |
| Savings and temporary cash investments | $154,838 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,475 |
| Net Land, buildings, and equipment | $3,279,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,450,561 |
| Accounts payable and accrued expenses | $15,537 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,235,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,250,578 |
| Net assets without donor restrictions | $1,199,983 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,450,561 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Theta Chapter Of Sigma Chi Inc has recieved totaling $68,870.
| Awarding Organization | Amount |
|---|---|
Society For The Preservation Of Greek Housing Champaign, IL PURPOSE: RESTORATION OF HISTORIC GREEK HOUSING | $68,870 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |
Pi Lambda Phi Fraternity Inc Greenwich, CT | $1,029,582 | $859,864 |
Lambda Chi Alpha Fraternity Inc Ithaca, NY | $99,913 | $753,956 |
Sigma Delta Tau Society Syracuse, NY | $247,838 | $761,274 |
Alpha Epsilon Phi Sorority Inc Danbury, CT | $1,675,626 | $935,849 |
Zeta Phi Chapter House Corp Of Alpha Phi Intrnatl Frat Inc Boston, MA | $2,973,626 | $954,161 |
Alpha Beta Corporation Wakefield, RI | $2,169,290 | $616,339 |