Sigma Chi Building Association

Not tax-deductible

Minneapolis, MNMutual-benefit / member-servingSince 1908 EIN 41-1365083Revenue $259K in FY2025

On file with the IRS2221 University Ave Se Ste 111, 55414-3074 · Minneapolis, MNTax-exempt since May 1940

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Providing collegiate fraternity housing and interaction with alumni and students

100¢ of each $1 spent went to programs.
Run by 12 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $62K a year · 19% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
28 mo
of spending, in cash
Looks good: 27.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+4% vs prior year
Spent
$289K
To programs
100%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$259K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$498K
FY2021$435K
FY2022$296K
FY2023$236K
FY2024$248K
FY2025$259K
Expenses
$289K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$279K
FY2021$214K
FY2022$281K
FY2023$275K
FY2024$261K
FY2025$289K
Net assets
$2.3M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.4M
FY2023$2.3M
FY2024$2.3M
FY2025$2.3M

From the FY2025 Form 990 (year ending August 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1940.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $289K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sigma Chi Building Association 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

Offers housing and connects students with alumni for fraternity life.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Membership included university of MN male students as well as alumni members. Housing was provided for up to 50 of these men during the school year august 2025 - may 2025 a full-time live-in house director was employed to provide for the social well being of all members as well as housekeeping services

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$244K
Investment incomeLn 3$14K
Money outPt IX
$289K
Ln 25
Programscol B$289K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$669K
Total assetsLn 16$2.3M
LiabilitiesLn 26$16K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$244K
Investment incomeLn 3$14K
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$668K
Cash and savings togetherLn 1–2$669K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.3M
LiabilitiesLn 26$16K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 612
Fiscal year endsHeaderAugust
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 FY25End FY25
Cash and savingsLn 1–2$635K$669K
InvestmentsLn 11–13$4K$4K
Land, buildings, equipmentLn 10c$1.7M$1.6M
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$33K$16K
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$46K$0$0
Payroll taxesLn 10$4K$4K$0$0
Management feesLn 11a$6K$6K$0$0
Legal feesLn 11b$11K$11K$0$0
Accounting feesLn 11c$2K$2K$0$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$852$852$0$0
OccupancyLn 16$71K$71K$0$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
Payments to affiliatesLn 21$300$300$0$0
Depreciation, depletion and amortizationLn 22$115K$115K$0$0
InsuranceLn 23$25K$25K$0$0
Other expenses (24a–d)Ln 24$1K$1K$0$0
Total functional expensesLn 25$289K$289K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $259K$289K−$30K$2.3M 990 PDF
FY2024 $248K$261K−$13K$2.3M 990 PDF
FY2023 $236K$275K−$38K$2.3M 990 PDF
FY2022 $296K$281K$14K$2.4M 990 PDF
FY2021 $435K$214K$221K$2.3M 990 PDF
FY2020 $498K$279K$219K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $258,797 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $235,590$244,400
I-10 Investment incomePrior year $12,852$14,397
I-11 Other revenue$0
I-12 Total revenuePrior year $248,442$258,797
I-13 Grants and similar amounts paidPrior year $1,033$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $60,539$50,311
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $199,892$238,876
I-18 Total expensesPrior year $261,464$289,187
I-19 Revenue less expensesPrior year −$13,022−$30,390
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $258,797 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$244,400
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$14,397
VIII-12 Total revenueRelated to mission $258,797 · Unrelated business $0 · Excluded from tax $0$258,797
Part IX · Statement of functional expenses $289,187 across 13 lines filed
IX-7 Other salaries and wagesPrograms $46,246 · Management $0 · Fundraising $0$46,246
IX-10 Payroll taxesPrograms $4,065 · Management $0 · Fundraising $0$4,065
IX-11a Management feesPrograms $6,450 · Management $0 · Fundraising $0$6,450
IX-11b Legal feesPrograms $11,012 · Management $0 · Fundraising $0$11,012
IX-11c Accounting feesPrograms $2,068 · Management $0 · Fundraising $0$2,068
IX-12 Advertising and promotionPrograms $3,119 · Management $0 · Fundraising $0$3,119
IX-13 Office expensesPrograms $852 · Management $0 · Fundraising $0$852
IX-16 OccupancyPrograms $70,982 · Management $0 · Fundraising $0$70,982
IX-19 Conferences, conventions and meetingsPrograms $3,165 · Management $0 · Fundraising $0$3,165
IX-21 Payments to affiliatesPrograms $300 · Management $0 · Fundraising $0$300
IX-22 Depreciation, depletion and amortizationPrograms $114,527 · Management $0 · Fundraising $0$114,527
IX-23 InsurancePrograms $25,261 · Management $0 · Fundraising $0$25,261
IX-24 Other expenses (24a–d)Programs $1,140 · Management $0 · Fundraising $0$1,140
IX-25 Total functional expensesPrograms $289,187 · Management $0 · Fundraising $0$289,187
Part X · Balance sheet $2,293,163 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $21,024$1,089
X-2 Savings and temporary cash investmentsStart of year $613,888$668,034
X-4 Accounts receivable$2,260
X-9 Prepaid expenses and deferred charges$3,863
X-10c Land, buildings and equipment, netStart of year $1,701,275$1,613,459
X-11 Publicly traded securitiesStart of year $4,208$4,458
X-16 Total assetsStart of year $2,340,395$2,293,163
X-17 Accounts payable and accrued expensesStart of year $23,013$6,171
X-25 Other liabilitiesStart of year $10,000$10,000
X-26 Total liabilitiesStart of year $33,013$16,171
X-32 Total net assets or fund balancesStart of year $2,307,382$2,276,992
X-33 Total liabilities and net assetsStart of year $2,340,395$2,293,163
Part XI · Reconciliation of net assets $2,276,992 net assets at year end
XI-1 Total revenue$258,797
XI-2 Total expenses$289,187
XI-3 Revenue less expenses−$30,390
XI-4 Net assets at start of year$2,307,382
XI-10 Net assets at end of year$2,276,992

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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