Alpha Sigma Phi Fraternity Inc
- Assets
- $2.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Normal, IL
- Founding
- 04/1941
- Data as of
- 06/2023
- EIN
- 47-4049904
Organization Overview
Alpha Sigma Phi Fraternity Inc is located in Normal, IL. The organization was established in 1941. 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. Alpha Sigma Phi Fraternity Inc 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, Alpha Sigma Phi Fraternity Inc generated $94.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.5%) each year. All expenses for the organization totaled $91.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (38.4%) per year over the past 3 years. 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 Mission:
Part 3 - Line 1
CHAPTER OF NATIONAL FRATERNITY FOUNDED ON THE VALUES OF CHARACTER. OUR VALUES CALL US TO BETTER OURSELVES THROUGH OUR ACTIONS AND WORDS. THESE ARE THE VALUES WE ESPOUSE: SILENCE, CHARITY, PURITY, HONOR AND PATRIOTISM.
Describe the Organization's Program Activity:
Part 3
CHAPTER HOUSING AND MEMBERSHIP DUES
LEADERSHIP AND EDUCATIONAL PROGRAMS
PHILANTHROPIC EVENTS AND SPECIAL PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Stein President | 30 | $0 | |
Cameron Hellman Vice President | 20 | $0 | |
Trevor Gregory Treasuer | 20 | $0 | |
Brewer Dickinson New Member Educator | 20 | $0 | |
Ross Bilon Secretary | 10 | $0 | |
Addison Hedin Social Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,630 |
| Membership dues | $69,070 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $265 |
| Other Revenue | $0 |
| Total Revenue | $93,965 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $61,899 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,508 |
| Occupancy, rent, utilities, and maintenance | $424 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,720 |
| Total expenses | $91,551 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,606 |
| Other assets | $0 |
| Total assets | $2,606 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,606 |