Sigma Chi Fraternity Foundation FY2020 filing

Not tax-deductible

Indianapolis, INMutual-benefit / member-servingEIN 35-6044345Revenue $49K in FY2020

On file with the IRS450 E 96th St Ste 200, 46240-3797 · Indianapolis, INTax-exempt since Feb 1945

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Provide adequate housing for undergraduate members of Sigma Chi Fraternity attending butler university.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $3K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$398K
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
Spent
$76K
To programs
0%
Net assets
−$57K
By yearFY2020–FY2025
Revenue
$49K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$112K
FY2022$38K
FY2023$28K
FY2024$36K
FY2025$105K
Expenses
$76K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$61K
FY2022$68K
FY2023$51K
FY2024$53K
FY2025$45K
Net assets
−$57K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$57K
FY2021−$5K
FY2022−$34K
FY2023−$58K
FY2024−$74K
FY2025−$15K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1945.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Sigma Chi Fraternity Foundation executive salaries →

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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

Provides housing for Sigma Chi fraternity members at Butler University.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The organization provides adequate housing for undergraduate members of sigma chi fraternity at butler university.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Fees for servicesLn 2g$49K
Investment incomeLn 3$39
Money outPt IX
$76K
Ln 25
Owns and owesPt X
−$57K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$342K
LiabilitiesLn 26$398K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$49K
Investment incomeLn 3$39
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Land, buildings, equipmentLn 10c$275K
Total assetsLn 16$342K
LiabilitiesLn 26$398K
Net assetsLn 32−$57K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$121K$67K
Land, buildings, equipmentLn 10c$310K$275K
Total assetsLn 16$431K$342K
LiabilitiesLn 26$461K$398K
Net assetsLn 32−$30K−$57K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K
OccupancyLn 16$15K
InterestLn 20$21K
Depreciation, depletion and amortizationLn 22$36K
Other expenses (24a–d)Ln 24$599
Total functional expensesLn 25$76K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $105K$45K$59K−$15K 990 PDF
FY2024 $36K$53K−$16K−$74K 990 PDF
FY2023 $28K$51K−$23K−$58K 990 PDF
FY2022 $38K$68K−$30K−$34K 990 PDF
FY2021 $112K$61K$52K−$5K 990 PDF
FY2020 Viewing $49K$76K−$27K−$57K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $49,039 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $125,000$49,000
I-10 Investment incomePrior year $50$39
I-11 Other revenuePrior year $16,353$0
I-12 Total revenuePrior year $141,403$49,039
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $104,165$75,830
I-18 Total expensesPrior year $104,165$75,830
I-19 Revenue less expensesPrior year $37,238−$26,791
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $49,039 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,000$49,000
VIII-3 Investment incomeExcluded from tax $39$39
VIII-12 Total revenueRelated to mission $49,000 · Excluded from tax $39$49,039
Part IX · Statement of functional expenses $75,830 across 5 lines filed
IX-11c Accounting fees$3,700
IX-16 Occupancy$15,048
IX-20 Interest$20,890
IX-22 Depreciation, depletion and amortization$35,593
IX-24 Other expenses (24a–d)$599
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$75,830
Part X · Balance sheet $341,541 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $121,263$66,954
X-10c Land, buildings and equipment, netStart of year $310,179$274,587
X-16 Total assetsStart of year $431,442$341,541
X-25 Other liabilitiesStart of year $461,381$398,271
X-26 Total liabilitiesStart of year $461,381$398,271
X-32 Total net assets or fund balancesStart of year −$29,939−$56,730
X-33 Total liabilities and net assetsStart of year $431,442$341,541
Part XI · Reconciliation of net assets −$56,730 net assets at year end
XI-1 Total revenue$49,039
XI-2 Total expenses$75,830
XI-3 Revenue less expenses−$26,791
XI-4 Net assets at start of year−$29,939
XI-10 Net assets at end of year−$56,730

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

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