Sigma Chi Fraternity
- Assets
- $14.4m
- Revenue
- $6.6m
- Investments
- -$175.2k
- Employees
- 44
- Location
- Evanston, IL
- Founding
- 02/1937
- Data as of
- 06/2022
- EIN
- 36-1773960
Organization Overview
Sigma Chi Fraternity is located in Evanston, IL. The organization was established in 1937. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Sigma Chi Fraternity employed 44 individuals. This organization is a parent organization of 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 $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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 FOSTER A BROTHERHOOD OF TRANSFORMATIONAL LEADERS WHO ARE COMMITTED TO FRIENDSHIP, JUSTICE, AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE PURPOSES, POLICIES, AND PEOPLE OF THE SIGMA CHI FRATERNITY IN A CONGENIAL, PROFESSIONAL MANNER FOR THE GOOD OF THE FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Church Executive Director/president | Officer | 40 | $180,439 |
Steven G Schuyler Past Grand Consul | Trustee | 10 | $0 |
D Timothy Sanderson Grand Consul | OfficerTrustee | 10 | $0 |
Richard J Lewandowski Grand Trustee Liaison | Trustee | 10 | $0 |
Robert D Wilson Grand Pro Consul | OfficerTrustee | 10 | $0 |
Asher J Kalef Grand Praeter Liaison | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $903,904 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,199,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,103,888 |
| Total Program Service Revenue | $3,206,610 |
| Investment income | $238,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $503,414 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,615,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $235,970 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,144,576 |
| Pension plan accruals and contributions | $123,998 |
| Other employee benefits | $266,919 |
| Payroll taxes | $191,454 |
| Fees for services: Management | $116,076 |
| Fees for services: Legal | $70,170 |
| Fees for services: Accounting | $42,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,904 |
| Fees for services: Other | $145,031 |
| Advertising and promotion | $22,239 |
| Office expenses | $43,303 |
| Information technology | $186,977 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $411,777 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,020 |
| Interest | $0 |
| Payments to affiliates | $53,750 |
| Depreciation, depletion, and amortization | $4,099 |
| Insurance | $71,599 |
| All other expenses | $155,549 |
| Total functional expenses | $5,657,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,216,875 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $654,846 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $166,959 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,647 |
| Investments—publicly traded securities | $10,653,175 |
| Investments—other securities | -$175,194 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $909,312 |
| Total assets | $14,445,620 |
| Accounts payable and accrued expenses | $919,988 |
| Grants payable | $0 |
| Deferred revenue | $908,064 |
| 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 | $1,828,052 |
| Net assets without donor restrictions | $12,617,568 |
| 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 | $14,445,620 |