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Sigma Chi Building Association FY2023 filing

Not tax-deductible

Minneapolis, MNMutual-benefit / member-servingSince 1908 EIN 41-1365083Revenue $236K in FY2023

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.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
Cash reserves
25 mo
of spending, in cash
Looks good: 25.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
-20% vs prior year
Spent
$275K
To programs
100%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$236K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$498K
FY2021$435K
FY2022$296K
FY2023$236K
FY2024$248K
FY2025$259K
Expenses
$275K
FY2023▼ -2%
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
FY2023▼ -2%
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 FY2023 Form 990 (year ending August 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 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% · $275K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Bryce Bockin
President
$0Pt VII · Sec A
Aaron Schumm
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
Matt Selman
Director
$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 2Yes
  • 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 · FY2022
01

Membership included undergraduate students and alumni of the alpha sigma chapter of sigma chi fraternity. Housing is provided for up to 50 of undergraduate students during the school year august 2022 - may 2023 a full-time live-in house director is employed to provide for the social well being of all members as well as housekeeping…

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Fees for servicesLn 2g$235K
Investment incomeLn 3$2K
Money outPt IX
$275K
Ln 25
Programscol B$275K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$578K
Total assetsLn 16$2.3M
LiabilitiesLn 26$23K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$235K
Investment incomeLn 3$2K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1−$26K
SavingsLn 2$604K
Cash and savings togetherLn 1–2$578K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$0
Total assetsLn 16$2.3M
LiabilitiesLn 26$23K
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 FY23End FY23
Cash and savingsLn 1–2$537K$578K
InvestmentsLn 11–13$4K$4K
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$2.4M$2.3M
LiabilitiesLn 26$11K$23K
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$510$510
Other salaries and wagesLn 7$53K$53K$0$0
Payroll taxesLn 10$4K$4K$0$0
Accounting feesLn 11c$2K$2K$0$0
Office expensesLn 13$88$88$0$0
OccupancyLn 16$76K$76K$0$0
Conferences, conventions and meetingsLn 19$4K$4K$0$0
Payments to affiliatesLn 21$250$250$0$0
Depreciation, depletion and amortizationLn 22$95K$95K$0$0
InsuranceLn 23$17K$17K$0$0
Other expenses (24a–d)Ln 24$22K$22K$0$0
Total functional expensesLn 25$275K$275K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $259K$289K−$30K$2.3M 990 PDF
FY2024Filed with the IRS Jul 8, 2025 $248K$261K−$13K$2.3M 990 PDF
FY2023 ViewingFiled with the IRS Jul 15, 2024 $236K$275K−$38K$2.3M 990 PDF
FY2022Filed with the IRS Jul 17, 2023 $296K$281K$14K$2.4M 990 PDF
FY2021Filed with the IRS Jun 21, 2023 $435K$214K$221K$2.3M 990 PDF
FY2020Filed with the IRS Jul 20, 2021 $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 FY2023 990 (6 parts)
Part I · Summary $236,452 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,629$0
I-9 Program service revenuePrior year $225,676$234,780
I-10 Investment incomePrior year $214$1,672
I-11 Other revenue$0
I-12 Total revenuePrior year $295,519$236,452
I-13 Grants and similar amounts paidPrior year $300$510
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $55,717$57,222
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $225,155$217,164
I-18 Total expensesPrior year $281,172$274,896
I-19 Revenue less expensesPrior year $14,347−$38,444
Part VI · Governance 9 of 9 board members independent, 5 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $236,452 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$234,780
VIII-3 Investment incomeUnrelated business $1,672 · Excluded from tax $0$1,672
VIII-12 Total revenueRelated to mission $234,780 · Unrelated business $1,672 · Excluded from tax $0$236,452
Part IX · Statement of functional expenses $274,896 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $510$510
IX-7 Other salaries and wagesPrograms $53,428 · Management $0 · Fundraising $0$53,428
IX-10 Payroll taxesPrograms $3,794 · Management $0 · Fundraising $0$3,794
IX-11c Accounting feesPrograms $1,912 · Management $0 · Fundraising $0$1,912
IX-13 Office expensesPrograms $88 · Management $0 · Fundraising $0$88
IX-16 OccupancyPrograms $76,123 · Management $0 · Fundraising $0$76,123
IX-19 Conferences, conventions and meetingsPrograms $3,982 · Management $0 · Fundraising $0$3,982
IX-21 Payments to affiliatesPrograms $250 · Management $0 · Fundraising $0$250
IX-22 Depreciation, depletion and amortizationPrograms $95,236 · Management $0 · Fundraising $0$95,236
IX-23 InsurancePrograms $17,224 · Management $0 · Fundraising $0$17,224
IX-24 Other expenses (24a–d)Programs $22,349 · Management $0 · Fundraising $0$22,349
IX-25 Total functional expensesPrograms $274,896 · Management $0 · Fundraising $0$274,896
Part X · Balance sheet $2,343,595 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $204,420−$25,627
X-2 Savings and temporary cash investmentsStart of year $332,724$604,124
X-10c Land, buildings and equipment, netStart of year $1,813,307$1,760,978
X-11 Publicly traded securitiesStart of year $3,848$4,120
X-15 Other assets$0
X-16 Total assetsStart of year $2,370,006$2,343,595
X-17 Accounts payable and accrued expensesStart of year $1,158$13,192
X-25 Other liabilitiesStart of year $10,000$10,000
X-26 Total liabilitiesStart of year $11,158$23,192
X-32 Total net assets or fund balancesStart of year $2,358,848$2,320,403
X-33 Total liabilities and net assetsStart of year $2,370,006$2,343,595
Part XI · Reconciliation of net assets $2,320,403 net assets at year end
XI-1 Total revenue$236,452
XI-2 Total expenses$274,896
XI-3 Revenue less expenses−$38,444
XI-4 Net assets at start of year$2,358,848
XI-10 Net assets at end of year$2,320,403

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

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