Alpha Sigma Phi Fraternity Inc
- Assets
- $62.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/1941
- Data as of
- 06/2022
- EIN
- 27-3785494
Organization Overview
Alpha Sigma Phi Fraternity Inc is located in Atlanta, GA. 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 06/2022, Alpha Sigma Phi Fraternity Inc generated $187.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $182.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.8%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOCAL CHAPTER OF A NATIONAL COLLEGIATE SOCIAL FRATERNITY.
Describe the Organization's Program Activity:
Part 3
PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 68 MEMBERS FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Nazarri President (start Jan 22) | 10 | $0 | |
George Tomacek President (end Dec 21) | 10 | $0 | |
Nicholas Rivard VP Of Finance (start Jan 22) | 10 | $0 | |
Ryan Valuyev VP Of Finance (end Dec 21) | 10 | $0 | |
Shane Werther VP Of Member Retention (start Jan 22) | 10 | $0 | |
Srikar Gadamsetty VP Of Member Retention (end Dec 21) | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,069 |
| Total Program Service Revenue | $0 |
| Membership dues | $185,408 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,350 |
| Other Revenue | $0 |
| Total Revenue | $187,127 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,036 |
| Occupancy, rent, utilities, and maintenance | $38,028 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $108,756 |
| Total expenses | $182,214 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,084 |
| Other assets | $0 |
| Total assets | $62,084 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,084 |