Sigma Rho Inc
- Assets
- $368.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houghton, MI
- Founding
- 11/1953
- Data as of
- 06/2024
- EIN
- 38-6091453
Organization Overview
Sigma Rho Inc is located in Houghton, MI. The organization was established in 1953. 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 Rho Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2024, Sigma Rho Inc generated $68.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $52.6k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
2024
Describe the Organization's Program Activity:
Part 3
THE FRATERNITY PROMOTES FRIENDSHIP AND WELFARE AMONG ITS MEMBERS BY PROVIDING A PLACE TO LIVE AND BY ORGANIZING VARIOUS SOCIAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Levande President | 2 | $0 | |
Bob Bartosh Vice Preside | 2 | $0 | |
James Legray Vice Preside | 3 | $0 | |
Jon Furlich Treasurer | 3 | $0 | |
Drew Sexton Secretary | 1 | $0 | |
Hunter Lewis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,795 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,371 |
| Investment income | $3,198 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,364 |
| 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 | $3,385 |
| Occupancy, rent, utilities, and maintenance | $7,652 |
| Printing, publications, postage, and shipping | $667 |
| Other expenses | $40,687 |
| Total expenses | $52,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $137,372 |
| Other assets | $0 |
| Total assets | $368,256 |
| Total liabilities | $0 |
| Net assets or fund balances | $368,256 |