Alpha Sigma Fraternity Inc
- Assets
- $175.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 04/1941
- Data as of
- 08/2023
- EIN
- 38-6091759
Organization Overview
Alpha Sigma Fraternity Inc is located in Ann Arbor, MI. 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 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 08/2023, Alpha Sigma Fraternity Inc generated $154.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $155.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE & MAINTAIN A CLUBHOUSE AND SUPPORTIVE FRATERNAL ENVIRONMENT TO MEMBERS PURSUING EDUCATIONAL AND SCHOLASTIC ENDEAVORS TO FURTHER THEIR SOCIAL INTERACTION, NETWORKING AND PERSONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Grochowski President | 2 | $0 | |
Daniel Hart VP Finance | 1 | $0 | |
Scott Schwartz At-Large | 0 | $0 | |
Jeremy Berkowitz At-Large | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $151,695 |
| Membership dues | $0 |
| Investment income | $2,731 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,426 |
| 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 | $3,550 |
| Occupancy, rent, utilities, and maintenance | $143,390 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,362 |
| Total expenses | $155,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,797 |
| Other assets | $0 |
| Total assets | $175,833 |
| Total liabilities | $9,875 |
| Net assets or fund balances | $165,958 |