Sigma Chi Fraternity Xi Chapter FY2023 filing

Not tax-deductible

Greencastle, IN501(c)(7)EIN 35-6070821Revenue $570K in FY2023

On file with the IRS311 S Locust St, 46135-1736 · Greencastle, INTax-exempt since Feb 1967

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Fraternal organization on the campus of depauw university.

$3K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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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
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
4 of 5
filings with a surplus
Average surplus $23K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$895
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
53
of 53 voting members
Looks good: 53 of 53 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
+5% vs prior year
Spent
$627K
To programs
0%
Net assets
$56K
By yearFY2021–FY2025
Revenue
$570K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$455K
FY2022$545K
FY2023$570K
FY2024$693K
FY2025$666K
Expenses
$627K
FY2023▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2021$407K
FY2022$498K
FY2023$627K
FY2024$683K
FY2025$600K
Net assets
$56K
FY2023▼ -50%
Tap a bar for its year
Net assets by fiscal year
FY2021$67K
FY2022$113K
FY2023$56K
FY2024$65K
FY2025$130K

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

990 PDF Claim
You’re viewing the FY2023 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 1967.

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

Who runs it and what they're paid

3 people listed on the 990; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
2021-2023 PR
$1,350Pt VII · Sec A
2022-2023 Tr
$750Pt VII · Sec A
2021-2022 Tr
$750Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Cole Blackburn————$1,650
Andrew Wessman$1,400$1,200———
Jacob Dane$1,400————
Eddie Loucka$1,400————
Luca Vollono——$1,350$600—
Grant Theisen———$1,200$450
Peter Skaluba———$1,200$450
William Ragan——$750——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Supports students on DePauw University's campus through fraternal activities.

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Provided by the organization

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1 program · $627K · in their own filed words · FY2022
01

Provide fraternity members with room, board, and intercollegiate activities.

$627Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Fees for servicesLn 2g$570K
Money outPt IX
$627K
Ln 25
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$895
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a53
IndependentVI 1b53
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$570K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Total assetsLn 16$57K
LiabilitiesLn 26$895
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 51
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$114K$57K
Total assetsLn 16$114K$57K
LiabilitiesLn 26$806$895
Net assetsLn 32$113K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23K
Payroll taxesLn 10$3K
Accounting feesLn 11c$3K
Office expensesLn 13$2K
OccupancyLn 16$168K
TravelLn 17$462
InsuranceLn 23$28K
Other expenses (24a–d)Ln 24$330K
All other expensesLn 24e$70K
Total functional expensesLn 25$627K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $666K$600K$65K$130K 990 PDF
FY2024 $693K$683K$9K$65K 990 PDF
FY2023 Viewing $570K$627K−$57K$56K 990 PDF
FY2022 $545K$498K$47K$113K 990 PDF
FY2021 $455K$407K$49K$67K 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 FY2023 990 (6 parts)
Part I · Summary $569,663 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $545,080$569,663
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $545,080$569,663
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $20,122$25,272
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $477,589$601,246
I-18 Total expensesPrior year $497,711$626,518
I-19 Revenue less expensesPrior year $47,369−$56,855
Part VI · Governance 53 of 53 board members independent, 4 to look at
VI-1a Voting members of the governing body53
VI-1b Independent voting members53
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 $569,663 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $569,663$569,663
VIII-12 Total revenueRelated to mission $569,663$569,663
Part IX · Statement of functional expenses $626,518 across 9 lines filed
IX-7 Other salaries and wages$22,750
IX-10 Payroll taxes$2,522
IX-11c Accounting fees$3,207
IX-13 Office expenses$1,674
IX-16 Occupancy$167,919
IX-17 Travel$462
IX-23 Insurance$28,005
IX-24 Other expenses (24a–d)$330,367
IX-24e All other expenses$69,612
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$626,518
Part X · Balance sheet $56,795 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $113,685$56,795
X-16 Total assetsStart of year $113,685$56,795
X-17 Accounts payable and accrued expensesStart of year $806$895
X-26 Total liabilitiesStart of year $806$895
X-27 Net assets without donor restrictionsStart of year $112,879$55,900
X-32 Total net assets or fund balancesStart of year $112,879$55,900
X-33 Total liabilities and net assetsStart of year $113,685$56,795
Part XI · Reconciliation of net assets $55,900 net assets at year end
XI-1 Total revenue$569,663
XI-2 Total expenses$626,518
XI-3 Revenue less expenses−$56,855
XI-4 Net assets at start of year$112,879
XI-9 Other changes in net assets−$124
XI-10 Net assets at end of year$55,900

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

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