Sigma Chi Fraternity is located in Chicago, IL. 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 $65.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $81.3k during the year ending 06/2023. 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
WE RAISED 2992 OF WHICH 2521 WERE PROFIT WE DONATE ALL OF THIS TO THE HUNTSMAN CANCER FOUNDATION WE RAISE IT THOUGH AN EVENT CALLED DERBY DAYS WHERE WE HAVE MANY EVENTS THROUGHOUT ONE WEEK AND PEOPLE CAN BUY SHIRTS FOOD PIE THEIR FRIENDS ETC
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Benner President | 10 | $0 | |
Jamie Justicz Vice-President | 10 | $0 | |
Marc Michelotti Treasurer | 8 | $0 | |
Ryan Winston House Manager | 5 | $0 | |
Alejandro Alonso Event Chair | 3 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $65,896 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $65,896 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $60,459 |
Salaries, other compensation, and employee benefits | $1,350 |
Professional fees and other payments to independent contractors | $16,737 |
Occupancy, rent, utilities, and maintenance | $2,739 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $81,285 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $5,632 |
Other assets | $0 |
Total assets | $5,632 |
Total liabilities | $0 |
Net assets or fund balances | $5,632 |