Sigma Chi Fraternity is located in Averill Park, NY. The organization was established in 1937. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Chi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Sigma Chi Fraternity generated $125.4k 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 (7.5%) each year. All expenses for the organization totaled $127.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
0
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shawn Vembenil President | 0 | $0 | |
Machlin Fellman Vice-President | 0 | $0 | |
Tiago Da Costa Campos Treasurer | 0 | $0 | |
Ryan Ing Secretary | 0 | $0 | |
John Bianco House Manager | 0 | $0 | |
Arthur Michaelsen III Brotherhood Chairman | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $125,372 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $125,372 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $72,391 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $55,514 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $127,905 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $7,007 |
Other assets | $0 |
Total assets | $7,007 |
Total liabilities | $0 |
Net assets or fund balances | $7,007 |