Sigma Chi Fraternity FY2023 filing

Not tax-deductible

Austin, TX501(c)(7)EIN 74-1116912

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To augment the college experience and support the life journey of each of our members

Mission: Form 990 Part I, line 1

Before you give

FY2023 · 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 deficit $5K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$48K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+20% vs prior year
Spent
$998K
To programs
0%
Net assets
$116K
By yearFY2020–FY2025
Revenue
$1.0M
FY2023▲ +20%
Revenue by fiscal year
FY2020$292K
FY2021$378K
FY2022$855K
FY2023$1.0M
FY2024$1.1M
FY2025$900K
Expenses
$998K
FY2023▲ +25%
Expenses by fiscal year
FY2020$328K
FY2021$375K
FY2022$799K
FY2023$998K
FY2024$1.1M
FY2025$982K
Net assets
$116K
FY2023▲ +32%
Net assets by fiscal year
FY2020$28K
FY2021$32K
FY2022$88K
FY2023$116K
FY2024$118K
FY2025$36K

From the FY2023 Form 990 (year ending August 2023) · see the original

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You’re viewing the FY2023 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 Feb 1937.

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Pro Consul
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Recruitment Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Magister
$0Pt VII · Sec A
Risk Manager
$0Pt VII · Sec A
See Sigma Chi Fraternity 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

Enhance college experiences and support members' life journeys.

Provided by the organization

This section is blank until Sigma Chi Fraternity claims this page.

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1 program service account for $998K of program spending, described in the organization's own filed words · FY2022.
01

The organization operates a chapter of the sigma chi fraternity at the university of texas at austin. Dues, assessments, chapter house rental and other activities promotes a collegiate educational environment for the members.

$998Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$1K
Money outPt IX
$998K
Ln 25
Owns and owesPt X
$116K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$165K
LiabilitiesLn 26$48K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.0M
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$220
Cash and savings togetherLn 1–2$151K
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$4K
Total assetsLn 16$165K
LiabilitiesLn 26$48K
Net assetsLn 32$116K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
Fiscal year endsHeaderAugust
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$119K$151K
Land, buildings, equipmentLn 10c$14K$10K
Total assetsLn 16$137K$165K
LiabilitiesLn 26$48K$48K
Net assetsLn 32$88K$116K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$4K
OccupancyLn 16$378K
Depreciation, depletion and amortizationLn 22$4K
Other expenses (24a–d)Ln 24$610K
All other expensesLn 24e$2K
Total functional expensesLn 25$998K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $900K$982K−$82K$36K 990 PDF
FY2024 $1.1M$1.1M$2K$118K 990 PDF
FY2023 Viewing $1.0M$998K$28K$116K 990 PDF
FY2022 $855K$799K$56K$88K 990 PDF
FY2021 $378K$375K$4K$32K 990 PDF
FY2020 $292K$328K−$37K$28K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,026,249 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,028,804 · Unrelated business $0 · Excluded from tax $0$1,028,804
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$3,573−$3,573
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18 · Unrelated business $0 · Excluded from tax $0$18
VIII-12 Total revenueRelated to mission $1,028,822 · Unrelated business $0 · Excluded from tax −$3,573$1,026,249
Part IX · Statement of functional expenses $998,049 across 5 lines filed
IX-13 Office expenses$4,035
IX-16 Occupancy$378,031
IX-22 Depreciation, depletion and amortization$3,959
IX-24 Other expenses (24a–d)$610,200
IX-24e All other expenses$1,824
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$998,049
Part X · Balance sheet $164,746 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $100,885$150,573
X-2 Savings and temporary cash investmentsStart of year $17,749$220
X-10c Land, buildings and equipment, netStart of year $13,612$9,653
X-15 Other assetsStart of year $4,300$4,300
X-16 Total assetsStart of year $136,546$164,746
X-24 Unsecured notes and loans payableStart of year $48,250$48,250
X-26 Total liabilitiesStart of year $48,250$48,250
X-27 Net assets without donor restrictionsStart of year $88,296$116,496
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $88,296$116,496
X-33 Total liabilities and net assetsStart of year $136,546$164,746
Part XI · Reconciliation of net assets $116,496 net assets at year end
XI-1 Total revenue$1,026,249
XI-2 Total expenses$998,049
XI-3 Revenue less expenses$28,200
XI-4 Net assets at start of year$88,296
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$116,496

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

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