Hermandad De Sigma Iota Alpha Inc
- Assets
- $162.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2003
- Data as of
- 12/2023
- EIN
- 14-1753091
Organization Overview
Hermandad De Sigma Iota Alpha Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hermandad DE Sigma Iota Alpha Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Hermandad DE Sigma Iota Alpha Inc generated $106.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $82.8k during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MEMBERS KNOW FIRST HAND THE CHALLENGES TO MAKE THEIR EDUCATIONAL GOALS COME TRUE. IF NOT FOR SCHOLARSHIPS AND GRANTS, MANY OF OUR HERMANAS MAY HAVE NOT BEEN ABLE TO ACHIEVE THEIR EDUCATIONAL SUCCESS. WE BELIEVE THAT EDUCATION IS AN INVESTMENT, AND THE BEST WAY TO HELP OUR COMMUNITY IS TO HELP THE ONES WHO NEED IT THE MOST, OUR YOUTH. THAT IS WHY WE ARE PROUD TO AWARD 2 SCHOLARSHIPS TO HIGH SCHOOL JUNIOR OR SENIOR TO ASSIST WITH THE EDUCATIONAL COST OF COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alejandra Velasco President | 20 | $0 | |
Lissette Chavez VP Alumni Affairs | 20 | $0 | |
Maria C Correa VP Risk Manag | 20 | $0 | |
Natalia A Gomez VP Comm | 20 | $0 | |
Gabriela Echaveria VP Expansion | 20 | $0 | |
Kaylalee Rivera VP Undergrad | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $19,295 |
| Membership dues | $83,680 |
| Investment income | $830 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,394 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $18,247 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,522 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,395 |
| Other expenses | $59,613 |
| Total expenses | $82,777 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $162,946 |
| Other assets | $0 |
| Total assets | $162,946 |
| Total liabilities | $0 |
| Net assets or fund balances | $162,946 |