To provide housing for the MIT chapter of sigma nu fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $87K a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
6 mo
of spending, in cash
Plus $889K in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$301K
-8% vs prior year
Spent
$190K
Net assets
$986K
By yearFY2020–FY2024
Revenue
$301K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$231K
FY2022$255K
FY2023$329K
FY2024$301K
Expenses
$190K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$153K
FY2021$185K
FY2022$170K
FY2023$214K
FY2024$190K
Net assets
$986K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$572K
FY2021$624K
FY2022$652K
FY2023$828K
FY2024$986K

From the FY2024 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2014

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2024. IRS ruling in Apr 2006.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Snhc INC 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 for the MIT chapter of Sigma Nu Fraternity.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide housing for the sigma nu fraternity

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$301K
Ln 12
Fees for servicesLn 2g$214K
Investment incomeLn 3$53K
Gifts and grantsLn 1h$35K
Money outPt IX
$190K
Ln 25
Owns and owesPt X
$986K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$986K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$214K
Investment incomeLn 3$53K
Gains on assetsLn 7$12K
Total revenueLn 12$301K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$34K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$889K
Total assetsLn 16$986K
LiabilitiesLn 26$0
Net assetsLn 32$986K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$61K$97K
InvestmentsLn 11–13$767K$889K
Total assetsLn 16$828K$986K
LiabilitiesLn 26$0$0
Net assetsLn 32$828K$986K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K
Investment management feesLn 11f$6K
Office expensesLn 13$1K
Information technologyLn 14$2K
OccupancyLn 16$135K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$36K
Total functional expensesLn 25$190K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $301K$190K$111K$986K 990 PDF
FY2023 $329K$214K$115K$828K 990 PDF
FY2022 $255K$170K$85K$652K 990 PDF
FY2021 $231K$185K$46K$624K 990 PDF
FY2020 $232K$153K$79K$572K 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 FY2024 990 (6 parts)
Part I · Summary $301,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,000$34,587
I-9 Program service revenuePrior year $304,000$214,000
I-10 Investment incomePrior year $18,989$52,844
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $328,989$301,431
I-13 Grants and similar amounts paidPrior year $5,000$6,500
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 $209,205$183,560
I-18 Total expensesPrior year $214,205$190,060
I-19 Revenue less expensesPrior year $114,784$111,371
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $301,431 across 6 lines filed
VIII-1f All other contributions, gifts and grants$34,587
VIII-1h Total contributions, gifts and grants$34,587
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $214,000$214,000
VIII-3 Investment incomeExcluded from tax $40,683$40,683
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,161$12,161
VIII-12 Total revenueRelated to mission $214,000 · Unrelated business $0 · Excluded from tax $52,844$301,431
Part IX · Statement of functional expenses $190,060 across 7 lines filed
IX-2 Grants to domestic individuals$6,500
IX-11f Investment management fees$6,030
IX-13 Office expenses$1,361
IX-14 Information technology$2,100
IX-16 Occupancy$135,286
IX-23 Insurance$2,512
IX-24 Other expenses (24a–d)$36,271
IX-25 Total functional expenses$190,060
Part X · Balance sheet $985,926 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $46,929$63,099
X-2 Savings and temporary cash investmentsStart of year $13,885$33,990
X-9 Prepaid expenses and deferred charges$284
X-11 Publicly traded securitiesStart of year $766,753$888,553
X-16 Total assetsStart of year $827,567$985,926
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $827,567$985,926
X-32 Total net assets or fund balancesStart of year $827,567$985,926
X-33 Total liabilities and net assetsStart of year $827,567$985,926
Part XI · Reconciliation of net assets $985,926 net assets at year end
XI-1 Total revenue$301,431
XI-2 Total expenses$190,060
XI-3 Revenue less expenses$111,371
XI-4 Net assets at start of year$827,567
XI-5 Net unrealized gains (losses) on investments$46,988
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$985,926

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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