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Sigma Nu Fraternity Epsilon Xi Chapter FY2021 filing

Not tax-deductible

Oxford, MS501(c)(7)Since 1927Mutual / membership EIN 64-0304773Revenue $1.5M in FY2021

On file with the IRSPo Box 1036, 38655-1036 · Oxford, MSTax-exempt since Aug 1967

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To provide academic, social, and athletic programs, philanthropic and community activities, and food and lodging for the benefit of approximately 275 members of Sigma Nu Fraternity at the university of mississippi.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
2 of 4
filings with a surplus
Average surplus $65K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Plus $2.0M in investments, Pt X · Ln 11–13
Looks good: 11.2 months of spending in cash; 3 or more.
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
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$1.1M
To programs
0%
Net assets
$3.4M
By yearFY2021–FY2025
Revenue
$1.5M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2023$1.9M
FY2024$2.1M
FY2025$1.9M
Expenses
$1.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2023$2.0M
FY2024$2.0M
FY2025$2.0M
Net assets
$3.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$3.4M
FY2023$103K
FY2024$119K
FY2025$64K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
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 Aug 1967.

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

Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Reed Peets
Commander
$0Pt VII · Sec A
Will McDow
Lieu. Comman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
August Boyd
Chaplain
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sigma Nu Fraternity Epsilon Xi 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

Supports fraternity members with academics, social events, athletics, philanthropy, food, and lodging.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provided recreational and academic programs and lodging facilities for approximately 300 members of sigma nu fraternity at the university of mississippi.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $232K · 2020–2024
Epsilon Xi Chapter of Sigma Nu Fraternity Charity Bowl INCMS · FY2024$59,276
Epsilon Xi Chapter of Sigma Nu Fraternity Charity Bowl INCMS · FY2023$53,535
Epsilon Xi Chapter of Sigma Nu Fraternity Charity Bowl INCMS · FY2022$74,422
Epsilon Xi Chapter of Sigma Nu Fraternity Charity Bowl INCMS · FY2020$44,750

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$14K
Money outPt IX
$1.1M
Ln 25
Owns and owesPt X
$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$3.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$14K
Gains on assetsLn 7$904
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$350K
Total assetsLn 16$3.4M
LiabilitiesLn 26$0
Net assetsLn 32$3.4M
OperationsPt I, VI
EmployeesI 511
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$1.6M$1.0M
InvestmentsLn 11–13$1.4M$2.0M
Land, buildings, equipmentLn 10c$350K
Total assetsLn 16$3.0M$3.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.0M$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$45K
Other salaries and wagesLn 7$176K
Payroll taxesLn 10$22K
Legal feesLn 11b$1K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$4K
Office expensesLn 13$16K
OccupancyLn 16$201K
Conferences, conventions and meetingsLn 19$18K
Payments to affiliatesLn 21$55K
InsuranceLn 23$76K
Other expenses (24a–d)Ln 24$432K
All other expensesLn 24e$11K
Total functional expensesLn 25$1.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$2.0M−$55K$64K 990 PDF
FY2024 $2.1M$2.0M$16K$119K 990 PDF
FY2023 $1.9M$2.0M−$96K$103K 990 PDF
FY2022 Not on file
FY2021 Viewing $1.5M$1.1M$394K$3.4M 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 FY2021 990 (6 parts)
Part I · Summary $1,473,658 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,573,675$1,459,970
I-10 Investment incomePrior year $11,926$13,688
I-11 Other revenue$0
I-12 Total revenuePrior year $1,585,601$1,473,658
I-13 Grants and similar amounts paidPrior year $240,676$44,750
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $192,302$197,912
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $871,650$836,535
I-18 Total expensesPrior year $1,304,628$1,079,197
I-19 Revenue less expensesPrior year $280,973$394,461
Part VI · Governance 26 of 26 board members independent, 4 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
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 $1,473,658 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,459,970$1,459,970
VIII-3 Investment incomeUnrelated business $12,784$12,784
VIII-7 Net gain or loss on sales of assetsUnrelated business $904$904
VIII-12 Total revenueRelated to mission $1,459,970 · Unrelated business $13,688$1,473,658
Part IX · Statement of functional expenses $1,079,197 across 13 lines filed
IX-1 Grants to domestic organizations$44,750
IX-7 Other salaries and wages$175,773
IX-10 Payroll taxes$22,139
IX-11b Legal fees$1,397
IX-11c Accounting fees$23,511
IX-11g Other fees for services$4,278
IX-13 Office expenses$15,871
IX-16 Occupancy$200,577
IX-19 Conferences, conventions and meetings$17,797
IX-21 Payments to affiliates$54,899
IX-23 Insurance$75,585
IX-24 Other expenses (24a–d)$432,043
IX-24e All other expenses$10,577
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,079,197
Part X · Balance sheet $3,367,694 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,599,791$1,009,917
X-10c Land, buildings and equipment, net$349,985
X-11 Publicly traded securitiesStart of year $1,373,442$2,007,792
X-16 Total assetsStart of year $2,973,233$3,367,694
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,973,233$3,367,694
X-33 Total liabilities and net assetsStart of year $2,973,233$3,367,694
Part XI · Reconciliation of net assets $3,367,694 net assets at year end
XI-1 Total revenue$1,473,658
XI-2 Total expenses$1,079,197
XI-3 Revenue less expenses$394,461
XI-4 Net assets at start of year$2,973,233
XI-10 Net assets at end of year$3,367,694

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

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