Cornell Chapter Of Sigma Phi Society is located in Ithaca, NY. The organization was established in 2013. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Cornell Chapter Of Sigma Phi Society employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornell Chapter Of Sigma Phi Society 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, Cornell Chapter Of Sigma Phi Society generated $584.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $572.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 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
CORNELL CHAPTER OF SIGMA PHI SOCIETY, INC. IS A FRATERNITY THAT PROVIDES FELLOWSHIP AND HOUSING TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FELLOWSHIP AND HOUSING TO MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ethan Jacobs Secretary | OfficerTrustee | 1 | $0 |
Adrian Gerrese Vice President | OfficerTrustee | 1 | $0 |
Oliver Fisher President | OfficerTrustee | 1 | $0 |
Max Brody Treasurer | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
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 | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $584,327 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $85,456 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,017 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,091 |
Fees for services: Accounting | $10,068 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $121,347 |
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 | $1,545 |
Insurance | $21,215 |
All other expenses | $0 |
Total functional expenses | $572,528 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $71,055 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,700 |
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 | $22 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,750 |
Total assets | $138,545 |
Accounts payable and accrued expenses | $31,682 |
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 | $65,000 |
Total liabilities | $96,682 |
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 |
Total liabilities and net assets/fund balances | $41,863 |
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