Sigma Chi Foundation
- Assets
- $40.4m
- Revenue
- $12.7m
- Investments
- $3.4m
- Employees
- 25
- Location
- Evanston, IL
- Founding
- 04/1941
- Data as of
- 06/2021
- EIN
- 36-2208386
Organization Overview
Sigma Chi Foundation is located in Evanston, IL. The organization was established in 1941. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Sigma Chi Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Chi Foundation 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 06/2021, Sigma Chi Foundation generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $10.4m during the year ending 06/2021. While expenses have increased by 3.9% per year over the past 7 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.
Since 2016, Sigma Chi Foundation has awarded 38 individual grants totaling $22,123,661. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ANNUALLY SUPPORTS EDUCATIONAL GRANTS THAT FUND VALUES-BASED LEADERSHIP TRAINING PROGRAMS FOR MEMBERS OF SIGMA CHI FRATERNITY. IN ADDITION, THE FOUNDATION DIRECTLY FUNDS ACADEMIC SCHOLARSHIPS AND MAKES GRANTS TO SUPPORT EDUCATIONAL FACILITIES AT CHAPTER HOUSES IN THE UNITED STATES. THE FOUNDATION ALSO MAINTAINS A MUSEUM OF HISTORICAL OBJECTS AND MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ashley Woods CEO And President | Officer | 37.5 | $254,339 |
John Price COO & Secretary | Officer | 37.5 | $173,134 |
Frank Raymond Senior Director Of Princip | 37.5 | $153,340 | |
Jeffery Rothenberg VP Development | 37.5 | $151,873 | |
Jackson Philbrick II Associated Director Of Development | 37.5 | $124,400 | |
Robert S Rodgers Controller | 37.5 | $114,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,042,910 |
| Investment income | $330,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,690,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $580,214 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $603,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,613,511 |
| Pension plan accruals and contributions | $141,631 |
| Other employee benefits | $160,465 |
| Payroll taxes | $67,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,237 |
| Fees for services: Accounting | $39,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,000 |
| Fees for services: Investment Management | $101,328 |
| Fees for services: Other | $325,318 |
| Advertising and promotion | $0 |
| Office expenses | $100,668 |
| Information technology | $80,324 |
| Royalties | $0 |
| Occupancy | $49,798 |
| Travel | $177,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,253 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,390 |
| Insurance | $78,764 |
| All other expenses | $0 |
| Total functional expenses | $10,428,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $18,334,433 |
| Accounts receivable, net | $533,595 |
| 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 | $41,321 |
| Investments—publicly traded securities | $15,492,351 |
| Investments—other securities | $3,445,247 |
| Investments—program-related | $59,128 |
| Intangible assets | $0 |
| Other assets | $738,268 |
| Total assets | $40,441,719 |
| Accounts payable and accrued expenses | $740,382 |
| 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 | $330,061 |
| Other liabilities | $696,817 |
| Total liabilities | $1,767,260 |
| 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 | $38,674,459 |
Grants Awarded
Over the last fiscal year, Sigma Chi Foundation has awarded $3,458,432 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Evanston, IL PURPOSE: REIMBURSEMENT OF EXPENSE FOR LEADERSHIP TRAINING | $2,322,005 |
Evanston, IL PURPOSE: GRANTS AND SCHOLARSHIPS | $1,104,206 |
Houston, TX PURPOSE: RENOVATION OF EDUCATIONAL SPACE/ GRANT CHAPTER | $10,320 |
Cheyenne, WY PURPOSE: RENOVATION OF EDUCATIONAL SPACE/ GRANT CHAPTER | $10,005 |
State College, PA PURPOSE: RENOVATION OF EDUCATIONAL SPACE/ GRANT CHAPTER | $4,896 |
Bloomington, IN PURPOSE: RENOVATION OF EDUCATIONAL SPACE/ GRANT CHAPTER | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sigma Chi Foundation has recieved totaling $1,200.
| Awarding Organization | Amount |
|---|---|
Familia Robinson Foundation Eden Prairie, MN PURPOSE: SUPPORT EDUCATION | $1,000 |
Friends For A Better Way Foundation Columbia, MD PURPOSE: FUNDING SUPPORT | $200 |
Endowment Analysis
| Beg. Balance | $12,757,793 |
| Earnings | $1,641,843 |
| Admin Expense | $729,927 |
| Net Contributions | $484,490 |
| Ending Balance | $14,405,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |