philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Snhc INC FY2023 filing

IRS exemption revoked

Boston, MA501(c)(7)Recreation & Sports EIN 68-0514586Revenue $329K in FY2023

On file with the IRSPo Box 52628, 02205-2628 · Boston, MATax-exempt since Apr 2006

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide housing for the MIT chapter of sigma nu fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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
Cash reserves
3 mo
of spending, in cash
Plus $767K in investments, Pt X · Ln 11–13
Looks good: 3.4 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
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$329K
+29% vs prior year
Spent
$214K
Net assets
$828K
By yearFY2020–FY2024
Revenue
$329K
FY2023▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$232K
FY2021$231K
FY2022$255K
FY2023$329K
FY2024$301K
Expenses
$214K
FY2023▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$153K
FY2021$185K
FY2022$170K
FY2023$214K
FY2024$190K
Net assets
$828K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$572K
FY2021$624K
FY2022$652K
FY2023$828K
FY2024$986K

From the FY2023 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2014
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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
Matthew Pires
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Derek Garcia
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Miguel Vega
Director
$0Pt VII · Sec A
See Snhc INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Snhc INC

Tap to ask. Snhc INC sees how many people are interested.

Your first name shows with your question. Snhc INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2023
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
Massachusetts Institute of TechnologyFY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$304K
Investment incomeLn 3$19K
Gifts and grantsLn 1h$6K
Money outPt IX
$214K
Ln 25
Owns and owesPt X
$828K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$828K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$304K
Investment incomeLn 3$19K
Gains on assetsLn 7−$12K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$47K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$61K
InvestmentsLn 11–13$767K
Total assetsLn 16$828K
LiabilitiesLn 26$0
Net assetsLn 32$828K
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 FY23End FY23
Cash and savingsLn 1–2$56K$61K
InvestmentsLn 11–13$597K$767K
Total assetsLn 16$652K$828K
LiabilitiesLn 26$0$0
Net assetsLn 32$652K$828K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K
Accounting feesLn 11c$2K
Investment management feesLn 11f$5K
Office expensesLn 13$1K
Information technologyLn 14$2K
OccupancyLn 16$142K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$55K
Total functional expensesLn 25$214K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $301K$190K$111K$986K 990 PDF
FY2023 Viewing $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

More to add? Claim this org

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 $328,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $53,323$6,000
I-9 Program service revenuePrior year $221,025$304,000
I-10 Investment incomePrior year −$19,147$18,989
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $255,201$328,989
I-13 Grants and similar amounts paidPrior year $10,000$5,000
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 $160,272$209,205
I-18 Total expensesPrior year $170,272$214,205
I-19 Revenue less expensesPrior year $84,929$114,784
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $328,989 across 6 lines filed
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$6,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $304,000$304,000
VIII-3 Investment incomeExcluded from tax $30,824$30,824
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$11,835−$11,835
VIII-12 Total revenueRelated to mission $304,000 · Unrelated business $0 · Excluded from tax $18,989$328,989
Part IX · Statement of functional expenses $214,205 across 8 lines filed
IX-2 Grants to domestic individuals$5,000
IX-11c Accounting fees$1,695
IX-11f Investment management fees$5,288
IX-13 Office expenses$1,266
IX-14 Information technology$1,700
IX-16 Occupancy$142,449
IX-23 Insurance$2,234
IX-24 Other expenses (24a–d)$54,573
IX-25 Total functional expenses$214,205
Part X · Balance sheet $827,567 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $44,417$46,929
X-2 Savings and temporary cash investmentsStart of year $11,313$13,885
X-11 Publicly traded securitiesStart of year $596,515$766,753
X-16 Total assetsStart of year $652,245$827,567
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $652,245$827,567
X-32 Total net assets or fund balancesStart of year $652,245$827,567
X-33 Total liabilities and net assetsStart of year $652,245$827,567
Part XI · Reconciliation of net assets $827,567 net assets at year end
XI-1 Total revenue$328,989
XI-2 Total expenses$214,205
XI-3 Revenue less expenses$114,784
XI-4 Net assets at start of year$652,245
XI-5 Net unrealized gains (losses) on investments$60,538
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$827,567

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.