Sigma Chi Foundation FY2023 filing

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The Sigma Chi Foundation Solicits financial resources, provides faithful stewardship, and engages in exemplary ethical practices in support of Sigma Chi and leadership development.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 6
filings with a surplus
Average surplus $1.6M a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $10.4M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $10.4M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $23K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
+22% vs prior year
Spent
$11.9M
To programs
68%
Net assets
$34.8M
By yearFY2020–FY2025
Revenue
$12.7M
FY2023▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.9M
FY2021$12.7M
FY2022$10.4M
FY2023$12.7M
FY2024$14.4M
FY2025$15.0M
Expenses
$11.9M
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.1M
FY2021$10.4M
FY2022$11.7M
FY2023$11.9M
FY2024$7.7M
FY2025$11.7M
Net assets
$34.8M
FY2023+0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$32.7M
FY2021$38.7M
FY2022$34.6M
FY2023$34.8M
FY2024$40.5M
FY2025$31.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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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 Apr 1941.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $8.0M Management & general 17% · $2.0M Fundraising 16% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $1.4M 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
CEO and President - Past
$339,587Pt VII · Sec A
President and General Counsel & Secretary (past)
$247,734Pt VII · Sec A
Chief Marketing Officer
$203,223Pt VII · Sec A
Senior Director of Principal Major Gifts
$185,510Pt VII · Sec A
Rmf Executive Director
$180,718Pt VII · Sec A
Director of Development
$153,482Pt VII · Sec A
$131,454Pt VII · Sec A
Board Member (past Chairman)
$0Pt VII · Sec A

John Andrew Price’s $181K as Executive Director is at the 29th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Ashley Woods——$339,587$318,838$254,339$343,567
John Price——$247,734$196,714$173,134$174,086
Quinton Jay Ford—$203,223————
Quentin Jay Ford——$203,223$165,275$38,155—
Gregory Morgan—$185,510$185,510$145,077——
John Andrew Price$180,718—————
Stephen Davidson—$180,718$180,718———
Frank Raymond———$123,314$153,340$180,220

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.

See Sigma Chi Foundation 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 15aYes

Programs and updates

Funds leadership training, academic scholarships, and educational facilities for fraternity members, and maintains a historical museum.

Questions for Sigma Chi Foundation

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1 program · $8.0M · in their own filed words · FY2022
01

The foundation annually supports educational grants that fund values-based leadership training programs for members of sigma chi fraternity. In addition, the foundation directly funds academic scholarships and makes grants to support educational facilities at chapter houses in the united states.

$8.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 4 funders →
Grants paid · 41 grants · $31.9M · 2019–2024
Sigma Chi Leadership InstituteIL · FY2024$2,378,373
University of WashingtonFY2024$1,481,406
House Corp Beta Omicron Chapter (iowa State University)FY2024$300,000
House Corp Beta Rho Chapter (montana State University)FY2024$171,165
Unitemized GrantFY2024$135,378
Sigma Chi Leadership InstituteIL · FY2023$2,027,960
Zeta Iota Pittsburg State UnivKS · FY2023$321,444
Unitemized GrantFY2023$135,378
University of WashingtonFY2023$108,863
Sigma Chi Leadership InstituteIL · FY2022$3,456,590
Unitemized GrantFY2022$1,128,707
Unitemized GrantFY2022$937,624
Sigma Chi House CorporationWY · FY2022$13,411
See all 41 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Gifts and grantsLn 1h$11.3M
Investment incomeLn 3$1.2M
Fees for servicesLn 2g$185K
Money outPt IX
$11.9M
Ln 25
Programscol B$8.0M
Managementcol C$2.0M
Fundraisingcol D$1.9M
Owns and owesPt X
$34.8M
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$37.4M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
29
listed · VII A
PaidVII A7
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.3M
Noncash giftsLn 1g$109K
Fees for servicesLn 2g$185K
Investment incomeLn 3$1.2M
Gains on assetsLn 7$962K
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Pledges and grants receivableLn 3$20.9M
Accounts receivableLn 4$173K
Prepaid expenses and deferred chargesLn 9$85K
Land, buildings, equipmentLn 10c$4.9M
InvestmentsLn 11–13$10.4M
Other assetsLn 15$741K
Total assetsLn 16$37.4M
LiabilitiesLn 26$2.6M
Net assetsLn 32$34.8M
OperationsPt I, VI
EmployeesI 516
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$109K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$70K
Share of the $18.3M endowmentSch D 1g0.38%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$18.3M$17.4M$18.2M$16.0M$15.9M
Given inLn 1b$1.5M$1.4M$864K$991K$4.3M
SpentLn 1d–1f$1.2M$1.1M$898K$1.1M$522K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$79K
InvestmentsLn 11–13$17.7M$10.4M
Land, buildings, equipmentLn 10c$5.1M$4.9M
Total assetsLn 16$41.1M$37.4M
LiabilitiesLn 26$6.5M$2.6M
Net assetsLn 32$34.6M$34.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.4M$4.4M
Grants to domestic individualsLn 2$2.1M$2.1M
Grants and assistance to foreign recipientsLn 3$5K$5K
Pay of current officers, directors and key staffLn 5$653K$261K$261K$131K
Other salaries and wagesLn 7$1.9M$496K$510K$935K
Pension plan contributionsLn 8$119K$36K$36K$47K
Other employee benefitsLn 9$197K$66K$61K$70K
Payroll taxesLn 10$65K$65K
Legal feesLn 11b$97K$97K
Accounting feesLn 11c$291K$291K
Professional fundraising feesLn 11e$80K$80K
Investment management feesLn 11f$70K$70K
Other fees for servicesLn 11g$340K$134K$55K$151K
Office expensesLn 13$180K$38K$120K$22K
Information technologyLn 14$165K$30K$74K$61K
OccupancyLn 16$47K$28K$12K$7K
TravelLn 17$328K$328K
Conferences, conventions and meetingsLn 19$40K$40K
InterestLn 20$245K$245K
Depreciation, depletion and amortizationLn 22$259K$242K$9K$9K
InsuranceLn 23$79K$48K$20K$12K
Other expenses (24a–d)Ln 24$197K$197K
Total functional expensesLn 25$11.9M$8.0M$2.0M$1.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $15.0M$11.7M$3.3M$31.3M 990 PDF
FY2024Filed with the IRS May 15, 2025 $14.4M$7.7M$6.7M$40.5M 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $12.7M$11.9M$818K$34.8M 990 PDF
FY2022Filed with the IRS May 11, 2023 $10.4M$11.7M−$1.3M$34.6M 990 PDF
FY2021Filed with the IRS Nov 12, 2021 $12.7M$10.4M$2.3M$38.7M 990 PDF
FY2020Filed with the IRS Jan 10, 2021 $8.9M$11.1M−$2.2M$32.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $12,671,529 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,606,537$11,304,888
I-9 Program service revenuePrior year $107,986$184,979
I-10 Investment incomePrior year $647,867$1,181,662
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $10,362,390$12,671,529
I-13 Grants and similar amounts paidPrior year $6,855,981$6,458,199
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,040,537$2,975,658
I-16a Professional fundraising feesPrior year $70,000$80,000
I-17 Other expensesPrior year $1,731,406$2,339,413
I-18 Total expensesPrior year $11,697,924$11,853,270
I-19 Revenue less expensesPrior year −$1,335,534$818,259
Part VI · Governance 19 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members19
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,671,529 across 7 lines filed
VIII-1f All other contributions, gifts and grants$11,304,888
VIII-1g Noncash contributions (included above)$108,778
VIII-1h Total contributions, gifts and grants$11,304,888
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $184,979$184,979
VIII-3 Investment incomeExcluded from tax $220,001$220,001
VIII-7 Net gain or loss on sales of assetsExcluded from tax $961,661$961,661
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,366,641$12,671,529
Part IX · Statement of functional expenses $11,853,270 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $4,386,868$4,386,868
IX-2 Grants to domestic individualsPrograms $2,066,331$2,066,331
IX-3 Grants and assistance to foreign recipientsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $261,354 · Management $261,354 · Fundraising $130,677$653,385
IX-7 Other salaries and wagesPrograms $495,821 · Management $510,071 · Fundraising $935,326$1,941,218
IX-8 Pension plan contributionsPrograms $36,256 · Management $36,256 · Fundraising $46,699$119,211
IX-9 Other employee benefitsPrograms $65,521 · Management $61,148 · Fundraising $69,924$196,593
IX-10 Payroll taxesManagement $65,251$65,251
IX-11b Legal feesManagement $97,415$97,415
IX-11c Accounting feesManagement $291,213$291,213
IX-11e Professional fundraising feesFundraising $80,000$80,000
IX-11f Investment management feesManagement $70,003$70,003
IX-11g Other fees for servicesPrograms $134,476 · Management $54,632 · Fundraising $151,131$340,239
IX-13 Office expensesPrograms $37,685 · Management $120,216 · Fundraising $21,906$179,807
IX-14 Information technologyPrograms $29,696 · Management $74,241 · Fundraising $61,043$164,980
IX-16 OccupancyPrograms $28,261 · Management $11,776 · Fundraising $7,065$47,102
IX-17 TravelFundraising $327,971$327,971
IX-19 Conferences, conventions and meetingsManagement $39,941$39,941
IX-20 InterestManagement $245,125$245,125
IX-22 Depreciation, depletion and amortizationPrograms $241,732 · Management $8,810 · Fundraising $8,551$259,093
IX-23 InsurancePrograms $47,507 · Management $19,795 · Fundraising $11,877$79,179
IX-24 Other expenses (24a–d)Programs $197,345$197,345
IX-25 Total functional expensesPrograms $8,033,853 · Management $1,967,247 · Fundraising $1,852,170$11,853,270
Part X · Balance sheet $37,370,178 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,054,576$79,092
X-3 Pledges and grants receivableStart of year $15,693,228$20,941,230
X-4 Accounts receivableStart of year $766,919$172,943
X-9 Prepaid expenses and deferred chargesStart of year $54,021$85,395
X-10c Land, buildings and equipment, netStart of year $5,143,219$4,906,878
X-11 Publicly traded securitiesStart of year $13,114,537$7,147,490
X-12 Other securitiesStart of year $4,533,641$3,260,755
X-13 Program-related investmentsStart of year $47,650$35,282
X-15 Other assetsStart of year $741,113$741,113
X-16 Total assetsStart of year $41,148,904$37,370,178
X-17 Accounts payable and accrued expensesStart of year $866,306$561,771
X-25 Other liabilitiesStart of year $5,662,134$2,028,002
X-26 Total liabilitiesStart of year $6,528,440$2,589,773
X-27 Net assets without donor restrictionsStart of year $1,193,404$2,135,744
X-28 Net assets with donor restrictionsStart of year $33,427,060$32,644,661
X-32 Total net assets or fund balancesStart of year $34,620,464$34,780,405
X-33 Total liabilities and net assetsStart of year $41,148,904$37,370,178
Part XI · Reconciliation of net assets $34,780,405 net assets at year end
XI-1 Total revenue$12,671,529
XI-2 Total expenses$11,853,270
XI-3 Revenue less expenses$818,259
XI-4 Net assets at start of year$34,620,464
XI-5 Net unrealized gains (losses) on investments−$198,047
XI-9 Other changes in net assets−$460,271
XI-10 Net assets at end of year$34,780,405

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

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