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Alpha Sigma Phi Fraternity INC

Not tax-deductible

Bloomington, IN501(c)(7)Education EIN 20-5457401Revenue $350K in FY2023Latest return filed Mar 29, 2024

On file with the IRSBloomington, INTax-exempt since Apr 1941

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Chapter of national Fraternity founded up 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.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $18K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$350K
+82% vs prior year
Spent
$339K
To programs
0%
Net assets
$12K
By yearFY2020–FY2023
Revenue
$350K
FY2023▲ +82%
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$117K
FY2022$192K
FY2023$350K
Expenses
$339K
FY2023▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$373K
FY2021Not on file
FY2022Not on file
FY2023$339K
Net assets
$12K
FY2023▲ ×11
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$30K
FY2022$1K
FY2023$12K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in Apr 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Jett Greene
VP of Finance
$0Pt VII · Sec A
Ben Fish
VP of Family and Alumni Relations
$0Pt VII · Sec A
Patrick Schultz
VP of Communications
$0Pt VII · Sec A
Dylan Huang
VP of Member Retention
$0Pt VII · Sec A
Lukas Fugate
VP of New Member Enrichment
$0Pt VII · Sec A
Michael O'Keef
VP of Standards
$0Pt VII · Sec A
Abraham Echt
VP of Rituals and Traditions
$0Pt VII · Sec A
See Alpha Sigma Phi Fraternity INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes character development through service, honor, and patriotism.

Questions for Alpha Sigma Phi Fraternity INC

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1 program · in their own filed words · FY2022
01

Program service revenues consists of Membership Dues and Assessments. Sum membership dues and assessments are primarily used for: Social Events/Gatherings, Member Education and Enrichment, Recruitment, and Community Service.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$350K
Ln 12
Fees for servicesLn 2g$350K
Money outPt IX
$339K
Ln 25
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$350K
Total revenueLn 12$350K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1K$12K
Total assetsLn 16$1K$12K
LiabilitiesLn 26$0$0
Net assetsLn 32$1K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
TravelLn 17$640
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K
Payments to affiliatesLn 21$31K
Other expenses (24a–d)Ln 24$290K
Total functional expensesLn 25$339K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest ViewingFiled with the IRS Mar 29, 2024 $350K$339K$11K$12K 990 PDF
FY2022Filed with the IRS Feb 7, 2024 $192K$1K 990 PDF
FY2021Filed with the IRS Feb 18, 2022 $117K$30K 990 PDF
FY2020Filed with the IRS May 5, 2021 $326K$373K−$47K$14K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $349,766 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$349,766
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $0$349,766
I-13 Grants and similar amounts paid$3,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$335,631
I-18 Total expensesPrior year $0$338,631
I-19 Revenue less expensesPrior year $0$11,135
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $349,766 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $349,766 · Unrelated business $0 · Excluded from tax $0$349,766
VIII-12 Total revenueRelated to mission $349,766 · Unrelated business $0 · Excluded from tax $0$349,766
Part IX · Statement of functional expenses $338,631 across 26 lines filed
IX-1 Grants to domestic organizations$3,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$12,242
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-17 Travel$640
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$2,000
IX-21 Payments to affiliates$31,180
IX-24 Other expenses (24a–d)$289,569
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$338,631
Part X · Balance sheet $12,215 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,080$12,215
X-16 Total assetsStart of year $1,080$12,215
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,080$12,215
X-32 Total net assets or fund balancesStart of year $1,080$12,215
X-33 Total liabilities and net assetsStart of year $1,080$12,215
Part XI · Reconciliation of net assets $12,215 net assets at year end
XI-1 Total revenue$349,766
XI-2 Total expenses$338,631
XI-3 Revenue less expenses$11,135
XI-4 Net assets at start of year$1,080
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,215

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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