Alpha Sigma Phi Fraternity INC FY2020 filing

Not tax-deductible

Bloomington, IN501(c)(7)Education EIN 20-5457401Revenue $326K in FY2020Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022.

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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
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
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$326K
Spent
$373K
Net assets
$14K
By yearFY2020–FY2023
Revenue
$326K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$117K
FY2022$192K
FY2023$350K
Expenses
$373K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$373K
FY2021Not on file
FY2022Not on file
FY2023$339K
Net assets
$14K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$14K
FY2021$30K
FY2022$1K
FY2023$12K

From the FY2020 Form 990 (year ending June 2020) · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. 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 (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
VP Finance
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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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3 programs · in their own filed words · FY2019
01

Philanthropic events and special projects

Pt IX · Ln 25 · col B
02

Chapter housing and membership dues

Pt IX · Ln 25 · col B
03

Leadership and educational programs

Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$326K
Ln 12
Fees for servicesLn 2g$325K
Other incomeLn 4–11$808
Money outPt IX
$373K
Ln 25
Owns and owesPt X
$14K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$325K
Other incomeLn 4–11$808
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$0
Net assetsLn 32$14K
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 FY20End FY20
Cash and savingsLn 1–2$62K$14K
Total assetsLn 16$62K$14K
LiabilitiesLn 26$0$0
Net assetsLn 32$62K$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K
OccupancyLn 16$292K
Payments to affiliatesLn 21$21K
Other expenses (24a–d)Ln 24$54K
Total functional expensesLn 25$373K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled 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
FY2020 ViewingFiled with the IRS May 5, 2021 $326K$373K−$47K$14K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2022. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $326,005 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $176,566$325,197
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $12,559$808
I-12 Total revenuePrior year $189,125$326,005
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,765$373,449
I-18 Total expensesPrior year $10,765$373,449
I-19 Revenue less expensesPrior year $178,360−$47,444
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $326,005 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $325,197$325,197
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $808$808
VIII-12 Total revenueRelated to mission $326,005 · Unrelated business $0 · Excluded from tax $0$326,005
Part IX · Statement of functional expenses $373,449 across 4 lines filed
IX-11c Accounting fees$6,296
IX-16 Occupancy$291,955
IX-21 Payments to affiliates$20,900
IX-24 Other expenses (24a–d)$54,298
IX-25 Total functional expenses$373,449
Part X · Balance sheet $14,423 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $61,867$14,423
X-16 Total assetsStart of year $61,867$14,423
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $61,867$14,423
X-32 Total net assets or fund balancesStart of year $61,867$14,423
X-33 Total liabilities and net assetsStart of year $61,867$14,423
Part XI · Reconciliation of net assets $14,423 net assets at year end
XI-1 Total revenue$326,005
XI-2 Total expenses$373,449
XI-3 Revenue less expenses−$47,444
XI-4 Net assets at start of year$61,867
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,423

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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