Sigma Chi Fraternity
- Assets
- $104.7k
- Revenue
- $633.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Ithaca, NY
- Founding
- 02/1937
- Data as of
- 06/2021
- EIN
- 15-0537026
Organization Overview
Sigma Chi Fraternity is located in Ithaca, 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. As of 06/2021, Sigma Chi Fraternity employed 3 individuals. 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 06/2021, Sigma Chi Fraternity generated $633.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $608.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
PROVIDE HOUSING AND FELLOWSHIP TO METRICULATED UNDERGRADUATE MEMBERS OF SIGMA CHI FRATERNITY AT CORNELL UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ROOM, BOARD, AND FELLOWSHIP TO MEMBERS OF THE FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fernando Ferrer Vice President/steward | OfficerTrustee | 1 | $0 |
Andres Antonsson Secretary | OfficerTrustee | 1 | $0 |
Harrison Nicholas President | OfficerTrustee | 1 | $0 |
Charlie Russell Treasurer | OfficerTrustee | 1 | $0 |
Ryan Gilburne Jr Treasurer/rush Chairman | OfficerTrustee | 1 | $0 |
Blake Desantis Jr House Manager | Trustee | 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 | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $629,167 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$458 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $458 |
| 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 | $85,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,735 |
| Advertising and promotion | $0 |
| Office expenses | $2,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $239,795 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $807 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $36,285 |
| Total functional expenses | $608,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,375 |
| 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 | $164 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,127 |
| Total assets | $104,684 |
| Accounts payable and accrued expenses | $4,749 |
| Grants payable | $0 |
| Deferred revenue | $3,240 |
| 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 | $43,457 |
| Total liabilities | $51,446 |
| 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 | $53,238 |
| Total liabilities and net assets/fund balances | $104,684 |
Grants Awarded
Over the last fiscal year, Sigma Chi Fraternity has awarded $30,512 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: EXCESS CHAPTER RESIDUAL GENERAL CONTRIBUTION. | $24,800 |
Salt Lake City, UT PURPOSE: DERBY DAYS CONTRIBUTION | $5,712 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Chi Fraternity has recieved totaling $22,826.
| Awarding Organization | Amount |
|---|---|
Sigma Chi Greystone Foundation Inc Ithaca, NY PURPOSE: GRANTS TO COVER EDUCATIONAL ASPECTS OF CHAPTER HOUSE AND EDUCATIONAL GRANTS. | $22,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
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 |