Drake University Sigma Chi House Corporation
- Assets
- $398.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 04/2002
- Data as of
- 07/2018
- EIN
- 42-1132447
Organization Overview
Drake University Sigma Chi House Corporation is located in Des Moines, IA. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Drake University Sigma Chi House Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2018, Drake University Sigma Chi House Corporation generated $40.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $46.0k during the year ending 07/2018. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 3 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
2018
Describe the Organization's Program Activity:
Part 3
WE CONTINUE TO OPERATE THE HOUSE IN WHICH 20 UNDERGRADUATE MEMBERS LIVE IN AND WHERE THE CHAPTER MEETS AND SOCIALIZES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Gernes President | 3 | $0 | |
Evan Favreau Vice President | 1 | $0 | |
John Van Ginkel Treasurer | 4 | $0 | |
James Van Ginkel Secretary | 1 | $0 | |
Bradley Buck Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $40,287 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,287 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $41,511 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,465 |
| Total expenses | $45,976 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,973 |
| Other assets | $0 |
| Total assets | $398,699 |
| Total liabilities | $104,884 |
| Net assets or fund balances | $293,815 |