Sigma Alpha Mu Fraternity Rho Chapter: FY2021 Nonprofit Profile & Form 990 (EIN 36-6079310)

Revenue by fiscal year
FY2021	$14K
FY2022	$479K

Expenses by fiscal year
FY2021	$141K
FY2022	$134K

Net assets by fiscal year
FY2021	−$49K
FY2022	$295K

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2021.

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

Where the money goes

What each dollar paid for.

88%

Management & general 88% · $125K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Adam Cohen

President

$0Pt VII · Sec A

Scott Shapiro

Treasurer

$0Pt VII · Sec A

See Sigma Alpha Mu Fraternity Rho Chapter 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

Sigma Alpha Mu Fraternity Rho Chapter is a nonprofit organization based in Vernon Hills, IL.

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1 program · in their own filed words · FY2020

01

Provide housing, food, leadership, social activities and an atmosphere of community living for 48 members.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 36-6079310) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$14K

Ln 12

Gifts and grantsLn 1h$14K

Money outPt IX

$141K

Ln 25

Managementcol C$125K

Owns and owesPt X

−$49K

net assets · Ln 32

Cash and savingsLn 1–2$7K

Total assetsLn 16$328K

LiabilitiesLn 26$377K

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$14K

Total revenueLn 12$14K

Assets in detailPt X, end of year

CashLn 1$3K

SavingsLn 2$3K

Cash and savings togetherLn 1–2$7K

Accounts receivableLn 4$54K

Prepaid expenses and deferred chargesLn 9$5K

Land, buildings, equipmentLn 10c$260K

Other assetsLn 15$2K

Total assetsLn 16$328K

LiabilitiesLn 26$377K

Net assetsLn 32−$49K

OperationsPt I, VI

EmployeesI 50

VolunteersI 66

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$92K	$7K
Land, buildings, equipmentLn 10c	$306K	$260K
Total assetsLn 16	$505K	$328K
LiabilitiesLn 26	$427K	$377K
Net assetsLn 32	$78K	−$49K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$919	$0	$919	$0
Office expensesLn 13	$473	$0	$473	$0
OccupancyLn 16	$23K	$0	$23K	$0
InterestLn 20	$11K	$0	$11K	$0
Depreciation, depletion and amortizationLn 22	$46K	$0	$30K	$0
InsuranceLn 23	$11K	$0	$11K	$0
Other expenses (24a–d)Ln 24	$10K	$0	$10K	$0
All other expensesLn 24e	$38K	$0	$38K	$0
Total functional expensesLn 25	$141K	$0	$125K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS Oct 3, 2022	$479K	$134K	$345K	$295K	990 PDF
FY2021 ViewingFiled with the IRS Sep 12, 2021	$14K	$141K	−$127K	−$49K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $14,278 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $290,454$14,278

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $290,454$14,278

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 $342,344$141,371

I-18 Total expensesPrior year $342,344$141,371

I-19 Revenue less expensesPrior year −$51,890−$127,093

Part VI · Governance 6 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

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 $14,278 across 3 lines filed

VIII-1a Federated campaigns$14,278

VIII-1h Total contributions, gifts and grants$14,278

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$14,278

Part IX · Statement of functional expenses $141,371 across 8 lines filed

IX-11c Accounting feesPrograms $0 · Management $919 · Fundraising $0$919

IX-13 Office expensesPrograms $0 · Management $473 · Fundraising $0$473

IX-16 OccupancyPrograms $0 · Management $23,459 · Fundraising $0$23,459

IX-20 InterestPrograms $0 · Management $10,833 · Fundraising $0$10,833

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $29,977 · Fundraising $0$46,464

IX-23 InsurancePrograms $0 · Management $11,007 · Fundraising $0$11,007

IX-24 Other expenses (24a–d)Programs $0 · Management $10,334 · Fundraising $0$10,334

IX-24e All other expensesPrograms $0 · Management $37,882 · Fundraising $0$37,882

IX-25 Total functional expensesPrograms $0 · Management $124,884 · Fundraising $0$141,371

Part X · Balance sheet $327,833 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $68,700$3,184

X-2 Savings and temporary cash investmentsStart of year $23,188$3,440

X-4 Accounts receivableStart of year $98,578$53,922

X-9 Prepaid expenses and deferred chargesStart of year $5,104$5,104

X-10c Land, buildings and equipment, netStart of year $306,269$259,805

X-15 Other assetsStart of year $3,146$2,378

X-16 Total assetsStart of year $504,985$327,833

X-17 Accounts payable and accrued expensesStart of year $32,024$25,725

X-24 Unsecured notes and loans payableStart of year $243,190$225,536

X-25 Other liabilitiesStart of year $151,702$125,596

X-26 Total liabilitiesStart of year $426,916$376,857

X-27 Net assets without donor restrictionsStart of year $78,069−$49,024

X-32 Total net assets or fund balancesStart of year $78,069−$49,024

X-33 Total liabilities and net assetsStart of year $504,985$327,833

Part XI · Reconciliation of net assets −$49,024 net assets at year end

XI-1 Total revenue$14,278

XI-2 Total expenses$141,371

XI-3 Revenue less expenses−$127,093

XI-4 Net assets at start of year$78,069

XI-10 Net assets at end of year−$49,024

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Sigma Alpha Mu Fraternity Rho Chapter FY2021 filing

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