Sigma Chi Memorial Foundation - Delta Epsilon
- Assets
- $135.8k
- Revenue
- $33.2k
- Investments
- $135.7k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1974
- Data as of
- 12/2022
- EIN
- 23-7413002
Organization Overview
Sigma Chi Memorial Foundation - Delta Epsilon is located in Raleigh, NC. The organization was established in 1974. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Chi Memorial Foundation - Delta Epsilon 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 12/2022, Sigma Chi Memorial Foundation - Delta Epsilon generated $33.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $12.4k during the year ending 12/2022. While expenses have increased by 8.9% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS FOR UNDERGRADUATE FRATERNITY BROTHERS AT NCSU - PROVIDED GRANTS TO 11 INDIVIDUALS
STUDY HALL ENDOWMENT DONATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
S Wilson Quick Secretary | 1 | $0 | |
John T Stephenson Treasurer | 1 | $0 | |
David E Holm President | 1 | $0 | |
Michael S Doggett Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,849 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,338 |
| Capital Gain Net Income | $5,338 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $447 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $12,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $135,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $135,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sigma Chi Memorial Foundation - Delta Epsilon has awarded $12,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES KRYSIAK PURPOSE: SCHOLARSHIP | $1,000 |
ETHAN TURNER PURPOSE: SCHOLARSHIP | $1,000 |
JESUS GARCIA PURPOSE: SCHOLARSHIP | $1,000 |
JACK COUNCIL PURPOSE: SCHOLARSHIP | $1,000 |
BEN SLOWEY PURPOSE: SCHOLARSHIP | $1,000 |
HAYDEN ESTES PURPOSE: SCHOLARSHIP | $1,000 |