MICHIGAN SIGMA PHI INC co KEVIN LALIBERTE
- Assets
- $1.2m
- Revenue
- -$47.2k
- Investments
- $992.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 80-0579948
Organization Overview
MICHIGAN SIGMA PHI INC co KEVIN LALIBERTE is located in Chicago, IL. MICHIGAN SIGMA PHI INC co KEVIN LALIBERTE is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
1. TO ACT AS AN ALUMNI ASSOCIATION FOR ALL PAST AND FUTURE INITIATES OF THE LOCAL CHAPTERS OF SIGMA PHI AND ITS SUCCESSORS AT UNIVERSITY OF MICHIGAN, ANN ARBOR.2. TO MAINTAIN AN UNDERGRADUATE FRATERNITY CHAPTER OF SIGMA PHI AT UNIVERSITY OF MICHIGAN, ANN ARBOR.3. TO ADVISE, GUIDE AND ASSIST THE LOCAL CHAPTER OF SIGMA PHI AT UNIVERSITY OF MICHIGAN, ANN ARBOR IN EVERY WAY, SHAPE AND FORM POSSIBLE.4. TO PROMOTE FRATERNITY, SCHOLARSHIP, LEADERSHIP, HIGH MORAL STANDARDS AND RECREATION AMONG ITS MEMBERS AND ALL MEMBERS OF SIGMA PHI FRATERNITY IN ACCORDANCE WITH THE PRINCIPLES, TRADITIONS AND RITUAL OF THE FRATERNITY.DURING 2010, AN ALUMNUS OF SIGMA PHI PASSED AWAY AND MICHIGAN SIGMA PHI, INC. WAS THE BENEFICIARY OF A $1,000,000 BEQUEST. HE WANTED TO ENSURE THAT THE FRATERNITY HOUSE WAS MAINTAINED FOR FUTURE GENERATIONS.THE $1,000,000 AND THE INCOME IT GENERATES IS SPECIFICALLY EARMARKED FOR THE MAINTENANCE, UPKEEP AND IMPROVEMENTS OF THE FRATERNITY HOUSE.SINCE THE INVESTMENT INCOME IS DERIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Zangoulas President | OfficerTrustee | 2 | $0 |
Amanda Vogel Treasurer | OfficerTrustee | 1 | $0 |
John Gunning Secretary | OfficerTrustee | 1 | $0 |
Eric Monaghan Director | Trustee | 1 | $0 |
Stephanie Stoneback Director | Trustee | 1 | $0 |
Nikolas Tykowski Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $23,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$95,249 |
| Net Gain/Loss on Asset Sales | $24,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$47,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $2,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $200,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $992,269 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,205,907 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,738 |
| Total liabilities | $4,738 |
| Net assets without donor restrictions | $0 |
| 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 | $1,201,169 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,205,907 |