Sigma Chi Fraternity
- Assets
- $911.0k
- Revenue
- $338.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 02/1937
- Data as of
- 06/2021
- EIN
- 35-1045962
Organization Overview
Sigma Chi Fraternity is located in Indianapolis, IN. The organization was established in 1937. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports 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 06/2021, Sigma Chi Fraternity generated $338.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $302.0k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT OF EPSILON OMEGA FRATERNITY HOUSE AT BALL STATE UNIVERSITY, MUNCIE IN. FRATERNITY PROVIDES HOUSING, MEALS, EDUCATIONAL & SOCIAL FACILITIES TO ITS MEMBER STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES EDUCAITONAL & SOCIAL ACTIVITIES FOR ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Doolin Vice President | OfficerTrustee | 2 | $0 |
Daniel Lee Secretary | OfficerTrustee | 2 | $0 |
Andy Jones Treasurer | OfficerTrustee | 2 | $0 |
Troy Gamble President | OfficerTrustee | 5 | $0 |
Cory Isom Property Manager | Trustee | 2 | $0 |
Jeff Schall Director | Trustee | 7 | $0 |
Financial Statements
| 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 | $338,499 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,775 |
| Fees for services: Legal | $1,018 |
| Fees for services: Accounting | $0 |
| 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 | $76,379 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,416 |
| Insurance | $14,047 |
| All other expenses | $0 |
| Total functional expenses | $301,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,049 |
| Total assets | $910,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $536,241 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $360,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,602 |
| Total liabilities | $374,740 |
| 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 | $536,241 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Chi Fraternity has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Sigma Chi Foundation Evanston, IL PURPOSE: RENOVATION OF EDUCATIONAL SPACE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Zeta Tau Alpha Fraternity Carmel, IN | $13,572,932 | $39,083,661 |
Medinah Country Club Medinah, IL | $51,813,196 | $25,838,666 |
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |