Nu Chapter Alpha Chi Sigma Professional Society
- Assets
- $169.1k
- Revenue
- $691.4k
- Investments
- $0.0
- Employees
- 0
- Location
- State College, PA
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 22-2676240
Organization Overview
Nu Chapter Alpha Chi Sigma Professional Society is located in State College, PA. The organization was established in 1986. 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. Nu Chapter Alpha Chi Sigma Professional Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Nu Chapter Alpha Chi Sigma Professional Society generated $691.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Braccio President | 1 | $0 | |
Kyle Martin Vice President | 1 | $0 | |
Fred Vosbury Treasurer | 1 | $0 | |
Tom Kapelewski Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,165 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $690,186 |
| Capital Gain Net Income | $690,186 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $691,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4 |
| Total operating and administrative expenses | $4 |
| Contributions, gifts, grants paid | $1,500,000 |
| Total expenses and disbursements | $1,500,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,985 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $73,096 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $169,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nu Chapter Alpha Chi Sigma Professional Society has awarded $850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAITLIN TETI PURPOSE: SCHOLARSHIP FOR A CHEMICAL ENGINEERING MAJOR AT PENN STATE. | $600 |
MATT CORCORAN PURPOSE: SCHOLARSHIP FOR A CHEMICAL ENGINEERING MAJOR AT PENN STATE. | $250 |