Sigma Chi Fraternity Eta Chapter

Not tax-deductible

Oxford, MS501(c)(7)EIN 64-0315255Revenue $2.6M in FY2025

On file with the IRSPo Box 1075, 38655-1075 · Oxford, MSTax-exempt since May 1940

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Eta Chapter of Sigma Chi at the university of mississippi is a brotherhood with roots in the collegiate experience that engenders a lifelong commitment to strive to achieve true friendship, equal justice and the fulfillment of learning.

99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · 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 5
filings with a surplus
Average surplus $32K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.0M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
+15% vs prior year
Spent
$2.3M
To programs
99%
Net assets
$760K
By yearFY2021–FY2025
Revenue
$2.6M
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$1.3M
FY2023$1.9M
FY2024$2.2M
FY2025$2.6M
Expenses
$2.3M
FY2025▲ +1.0%
Tap a bar for its year
Expenses by fiscal year
FY2021$822K
FY2022$1.4M
FY2023$2.1M
FY2024$2.3M
FY2025$2.3M
Net assets
$760K
FY2025▲ +60%
Tap a bar for its year
Net assets by fiscal year
FY2021$871K
FY2022$747K
FY2023$512K
FY2024$473K
FY2025$760K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

Form 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

99 cents of each dollar spent went to programs.

Program services 99% · $2.3M Fundraising 1% · $20K

Form 990 Part IX, line 25, columns B–D. 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 (FY2024); the FY2025 filing did not itemize Part VII
Pro Consul
$0Pt VII · Sec A
House Corp B
$0Pt VII · Sec A
Annotator
$0Pt VII · Sec A
Quaestor
$0Pt VII · Sec A
Chapter Advi
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
House Corp C
$0Pt VII · Sec A
See Sigma Chi Fraternity Eta 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

Fosters lifelong brotherhood, friendship, and learning through collegiate experiences.

Provided by the organization

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1 program · in their own filed words · FY2024
01

Eta chapter of sigma chi fraternity provides academic and recreational programs and lodging for the members of sigma chi 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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$300K
Grants paid · 3 grants · $80K · 2021–2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.2M
Gifts and grantsLn 1h$366K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.3M
Fundraisingcol D$20K
Owns and owesPt X
$760K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.0M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$366K
Fees for servicesLn 2g$2.2M
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$186K
Cash and savings togetherLn 1–2$186K
Land, buildings, equipmentLn 10c$6.5M
Total assetsLn 16$6.7M
LiabilitiesLn 26$6.0M
Net assetsLn 32$760K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderMay
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$81K$186K
Land, buildings, equipmentLn 10c$6.7M$6.5M
Total assetsLn 16$6.9M$6.7M
LiabilitiesLn 26$6.4M$6.0M
Net assetsLn 32$473K$760K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Other salaries and wagesLn 7$44K$44K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$500$500
Accounting feesLn 11c$11K$11K
Professional fundraising feesLn 11e$9K$9K
Other fees for servicesLn 11g$285K$274K$11K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$5K$5K
Information technologyLn 14$20K$20K
OccupancyLn 16$124K$124K
TravelLn 17$5K$5K
InterestLn 20$319K$319K
Depreciation, depletion and amortizationLn 22$268K$268K
InsuranceLn 23$131K$131K
Other expenses (24a–d)Ln 24$906K$906K
All other expensesLn 24e$110K$110K
Total functional expensesLn 25$2.3M$2.3M$0$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$2.3M$286K$760K 990 PDF
FY2024 $2.2M$2.3M−$39K$473K 990 PDF
FY2023 $1.9M$2.1M−$235K$512K 990 PDF
FY2022 $1.3M$1.4M−$124K$747K 990 PDF
FY2021 $1.1M$822K$270K$871K 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 FY2025 990 (6 parts)
Part I · Summary $2,589,335 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $178,141$366,166
I-9 Program service revenuePrior year $2,064,109$2,223,169
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,242,250$2,589,335
I-13 Grants and similar amounts paidPrior year $10,000$50,600
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,082$46,971
I-16a Professional fundraising feesPrior year $16,547$9,366
I-17 Other expensesPrior year $2,193,542$2,196,261
I-18 Total expensesPrior year $2,281,171$2,303,198
I-19 Revenue less expensesPrior year −$38,921$286,137
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $2,589,335 across 4 lines filed
VIII-1f All other contributions, gifts and grants$366,166
VIII-1h Total contributions, gifts and grants$366,166
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,223,169$2,223,169
VIII-12 Total revenueRelated to mission $2,223,169$2,589,335
Part IX · Statement of functional expenses $2,303,198 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $50,600$50,600
IX-7 Other salaries and wagesPrograms $43,500$43,500
IX-10 Payroll taxesPrograms $3,471$3,471
IX-11b Legal feesPrograms $500$500
IX-11c Accounting feesPrograms $11,275$11,275
IX-11e Professional fundraising feesFundraising $9,366$9,366
IX-11g Other fees for servicesPrograms $273,804 · Fundraising $10,846$284,650
IX-12 Advertising and promotionPrograms $11,285$11,285
IX-13 Office expensesPrograms $4,957$4,957
IX-14 Information technologyPrograms $20,096$20,096
IX-16 OccupancyPrograms $124,026$124,026
IX-17 TravelPrograms $5,329$5,329
IX-20 InterestPrograms $319,273$319,273
IX-22 Depreciation, depletion and amortizationPrograms $268,003$268,003
IX-23 InsurancePrograms $130,743$130,743
IX-24 Other expenses (24a–d)Programs $906,489$906,489
IX-24e All other expensesPrograms $109,635$109,635
IX-25 Total functional expensesPrograms $2,282,986 · Management $0 · Fundraising $20,212$2,303,198
Part X · Balance sheet $6,718,097 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $80,525$186,416
X-10c Land, buildings and equipment, netStart of year $6,741,381$6,482,829
X-14 Intangible assetsStart of year $51,064$48,852
X-16 Total assetsStart of year $6,872,970$6,718,097
X-17 Accounts payable and accrued expensesStart of year $1,337$1,286
X-26 Total liabilitiesStart of year $6,399,591$5,958,581
X-32 Total net assets or fund balancesStart of year $473,379$759,516
X-33 Total liabilities and net assetsStart of year $6,872,970$6,718,097
Part XI · Reconciliation of net assets $759,516 net assets at year end
XI-1 Total revenue$2,589,335
XI-2 Total expenses$2,303,198
XI-3 Revenue less expenses$286,137
XI-4 Net assets at start of year$473,379
XI-10 Net assets at end of year$759,516

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

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