Sigma Chi Fraternity Beta Psi Chapter FY2021 filing

Not tax-deductible

Atlanta, GA501(c)(7)Since 1940EIN 58-0574830Revenue $570K in FY2021

On file with the IRSbetapsi.org770 Techwood Dr Nw, 30313-2537 · Atlanta, GATax-exempt since May 1940

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The mission of the Sigma Chi fraternity is to promote friendship, justice and learning as the exemplification of our brotherhood and to inspire a lifelong commitment to serve well our families, friends and the communities in which we live and work.

Mission: Form 990 Part I, line 1

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FY2021 · 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 6
filings with a surplus
Average surplus $31K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
-0.4% vs prior year
Spent
$570K
Net assets
$128K
By yearFY2020–FY2025
Revenue
$570K
FY2021-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$573K
FY2021$570K
FY2022$597K
FY2023$568K
FY2024$721K
FY2025$589K
Expenses
$570K
FY2021▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$476K
FY2021$570K
FY2022$645K
FY2023$574K
FY2024$639K
FY2025$528K
Net assets
$128K
FY2021+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$128K
FY2021$128K
FY2022$81K
FY2023$75K
FY2024$157K
FY2025$218K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Pro Consul
$0Pt VII · Sec A
Annotator
$0Pt VII · Sec A
Magister
$0Pt VII · Sec A
House Chairman
$0Pt VII · Sec A
Recruitment Co-Chairman
$0Pt VII · Sec A
Recruitment Co-Chairman
$0Pt VII · Sec A
Social Chair
$0Pt VII · Sec A
See Sigma Chi Fraternity Beta Psi Chapter 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

Inspires lifelong service to families, friends, and communities through brotherhood.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Fraternity providing meals, lodging, etc. To members.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Fees for servicesLn 2g$489K
Other incomeLn 4–11$82K
Money outPt IX
$570K
Ln 25
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$489K
Other incomeLn 4–11$82K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$128K
Cash and savings togetherLn 1–2$128K
Total assetsLn 16$128K
LiabilitiesLn 26$0
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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 FY21End FY21
Cash and savingsLn 1–2$128K$128K
Total assetsLn 16$128K$128K
LiabilitiesLn 26$0$0
Net assetsLn 32$128K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
OccupancyLn 16$224K
Other expenses (24a–d)Ln 24$335K
All other expensesLn 24e$7K
Total functional expensesLn 25$570K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $589K$528K$61K$218K 990 PDF
FY2024 $721K$639K$82K$157K 990 PDF
FY2023 $568K$574K−$6K$75K 990 PDF
FY2022 $597K$645K−$47K$81K 990 PDF
FY2021 Viewing $570K$570K$509$128K 990 PDF
FY2020 $573K$476K$96K$128K 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 FY2021 990 (6 parts)
Part I · Summary $570,372 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $508,236$488,696
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $64,304$81,676
I-12 Total revenuePrior year $572,540$570,372
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $476,372$569,863
I-18 Total expensesPrior year $476,372$569,863
I-19 Revenue less expensesPrior year $96,168$509
Part VI · Governance 0 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
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 $570,372 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $488,696$488,696
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $81,676$81,676
VIII-12 Total revenueRelated to mission $570,372 · Unrelated business $0 · Excluded from tax $0$570,372
Part IX · Statement of functional expenses $569,863 across 4 lines filed
IX-11c Accounting fees$3,431
IX-16 Occupancy$223,924
IX-24 Other expenses (24a–d)$335,226
IX-24e All other expenses$7,282
IX-25 Total functional expenses$569,863
Part X · Balance sheet $128,170 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $127,661$128,170
X-16 Total assetsStart of year $127,661$128,170
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $127,661$128,170
X-32 Total net assets or fund balancesStart of year $127,661$128,170
X-33 Total liabilities and net assetsStart of year $127,661$128,170
Part XI · Reconciliation of net assets $128,170 net assets at year end
XI-1 Total revenue$570,372
XI-2 Total expenses$569,863
XI-3 Revenue less expenses$509
XI-4 Net assets at start of year$127,661
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$128,170

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

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