Alpha Sigma Phi Fraternity Inc is located in Charlottesville, VA. 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 06/2023, Alpha Sigma Phi Fraternity Inc generated $102.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $94.0k during the year ending 06/2023. 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
PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 51 MEMBERS FOR THE YEAR.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Flora President (start May 23) | 15 | $0 | |
Henry Voter President (end Apr 23) | 15 | $0 | |
Joel Gomez Vice President (start May 23) | 5 | $0 | |
Benjamin Summers Vice President (end Apr 23) | 5 | $0 | |
Grady Holmes Rush Chair (start May 23) | 3 | $0 | |
Nicholas Flora Rush Chair (end Apr 23) | 3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,478 |
| Total Program Service Revenue | $0 |
| Membership dues | $100,284 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,762 |
| 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 | $3,506 |
| Occupancy, rent, utilities, and maintenance | $10,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $64,146 |
| Total expenses | $94,041 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,881 |
| Other assets | $0 |
| Total assets | $29,881 |
| Total liabilities | $0 |
| Net assets or fund balances | $29,881 |