Alpha Sigma Phi Fraternity Inc is located in Dekalb, IL. 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 06/2020, Alpha Sigma Phi Fraternity Inc generated $76.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (39.1%) each year. All expenses for the organization totaled $61.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (46.2%) per year over the past 2 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHAPTER OF NATIONAL FRATERNITY FOUNDED ON THE VALUES OF CHARACTER. OUR VALUES CALL US TO BETTER OURSELVES THROUGH OUR ACTIONS AND WORDS. THESE ARE THE VALUES WE ESPOUSE: SILENCE, CHARITY, PURITY, HONOR AND PATRIOTISM.
Describe the Organization's Program Activity:
Part 3
CHAPTER HOUSING AND MEMBERSHIP DUES
LEADERSHIP AND EDUCATIONAL TRAINING
PHILANTHROPIC EVENTS AND SPECIAL PROJECTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Byczek Board Member | 0 | $0 | |
Tyler Bell Board Member | 0 | $0 | |
Gurveer Bhullar Board Member | 0 | $0 | |
Julian Contreras Board Member | 0 | $0 | |
Jeffrey Bellino Board Member | 0 | $0 | |
Kevin Finnelly Board Member | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $76,628 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,628 |
| 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 | $2,952 |
| Occupancy, rent, utilities, and maintenance | $37,906 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,212 |
| Total expenses | $61,070 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,550 |
| Other assets | $0 |
| Total assets | $16,550 |
| Total liabilities | $0 |
| Net assets or fund balances | $16,550 |