Sigma Chi Fraternity
- Assets
- $41.4k
- Revenue
- $256.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Moscow, ID
- Founding
- 02/1967
- Data as of
- 06/2022
- EIN
- 82-0201543
Organization Overview
Sigma Chi Fraternity is located in Moscow, ID. The organization was established in 1967. 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 06/2022, Sigma Chi Fraternity generated $256.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $245.2k during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECRUIT AND MAINTAIN A MEMBERSHIP BASE OF QUALITY MEN DEVOTED TO FRIENDSHIP, JUSTICE AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ROOM AND OTHER EXPENSES TO PERFORM ITS FRATERNAL ACTIVITIES AT THE UNIVERSITY OF IDAHO. THE ORGANIZATION PROVIDES HOUSE FOR APPROXIMATELY 50 MEN.
PHILANTHROPY -- PHILANTHROPY IS A KEY ASPECT OF OUR CHAPTER'S OPERATIONS. WE HOLD AND PARTICIPATE IN NUMEROUS PHILANTHROPIC EVENTS EACH YEAR. OUR PROCEEDS BENEFIT THE CHILDREN'S MIRACLE NETWORK HOSPITALS, THE JON HUNTSMAN CANCER INSTITUTE, AND OTHER NON-PROFIT ORGANIZATIONS AT THE LOCAL AND NATIONAL LEVEL.
NETWORKING AND ALUMNI SUPPORT -- WITH CHAPTER AND INTERNATIONAL ALUMNI IN ALL 50 STATES AND ABROAD, SIGMA CHI PROVIDES OUR MEMBERS WITH A VAST SUPPORT NETWORK FOR MENTORING, GUIDANCE, AND JOB/INTERNSHIP OPPORTUNITIES. OUR CHAPTER HOLDS ALUMNI NETWORKING EVENTS AND PROGRAMS TO CONNECT WITH MEMBERS OF OUR INTERNATIONAL ORGANIZATION WHO ARE NO LONGER UNDERGRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvin Cobbley Past Treasurer | Officer | 10 | $0 |
Reed Ofsthun President | Officer | 10 | $0 |
Jeremy Clemens Vice President | Officer | 10 | $0 |
Kepa Guerricabeitia Secretary | Officer | 10 | $0 |
Drew Giacomazzi Member Educator | Officer | 10 | $0 |
Cam Vezzoso Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $256,477 |
| Investment income | $18 |
| 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 | $256,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $1,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,609 |
| 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 | $0 |
| Insurance | $12,411 |
| All other expenses | $18,101 |
| Total functional expenses | $245,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,439 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,439 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $41,439 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $41,439 |