Sigma Pi Fraternity International Inc
- Assets
- $1.8m
- Revenue
- $749.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 15-0448140
Organization Overview
Sigma Pi Fraternity International Inc is located in Ithaca, NY. The organization was established in 1940. 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 Pi Fraternity International Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Sigma Pi Fraternity International Inc generated $749.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $776.1k during the year ending 06/2022. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE BELOW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND FELLOWSHIP TO MATRICULATED UNDERGRADUATE MEMBERS OF SIGMA PI MU CHAPTER AT CORNELL UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dejesus Vice President | OfficerTrustee | 1 | $0 |
Ricardo Melasecca President | OfficerTrustee | 1 | $0 |
Ethan Wood-Thomas Secretary | OfficerTrustee | 1 | $0 |
Matthew Chinn Treasurer | OfficerTrustee | 1 | $0 |
John Haggerty Alumni Treasurer | OfficerTrustee | 1 | $0 |
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 | $35,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,193 |
| Total Program Service Revenue | $697,640 |
| Investment income | $203 |
| 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 | $749,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,840 |
| 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 | $209,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $680 |
| Payroll taxes | $2,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,424 |
| Advertising and promotion | $0 |
| Office expenses | $897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,838 |
| 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 | $71,348 |
| Insurance | $10,600 |
| All other expenses | $87,067 |
| Total functional expenses | $776,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,524 |
| Savings and temporary cash investments | $160,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,241 |
| 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 | $37,513 |
| Net Land, buildings, and equipment | $1,281,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,457 |
| Other assets | $2,513 |
| Total assets | $1,758,643 |
| Accounts payable and accrued expenses | $47,493 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,448 |
| Total liabilities | $72,941 |
| Net assets without donor restrictions | $0 |
| 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 | $1,685,702 |
| Total liabilities and net assets/fund balances | $1,758,643 |
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Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
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Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
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 |