Sigma Nu Epsilon Omicron Chapter FY2023 filing

Not tax-deductible

Los Angeles, CA501(c)(7)Since 1993EIN 95-2528365Revenue $273K in FY2023

On file with the IRS660 W 28th St, 90007-3227 · Los Angeles, CATax-exempt since Dec 1940

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Local chapter of national college fraternity providing room and board, meeting facilities, and social activies for members only.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $9K a year · 2% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
896% of total assets
Concern: liabilities are 896% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$273K
+9% vs prior year
Spent
$280K
To programs
100%
Net assets
−$9K
By yearFY2021–FY2026
Revenue
$273K
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$236K
FY2022$251K
FY2023$273K
FY2024$428K
FY2025$484K
FY2026$616K
Expenses
$280K
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$306K
FY2022$284K
FY2023$280K
FY2024$406K
FY2025$534K
FY2026$533K
Net assets
−$9K
FY2023▼ -275%
Tap a bar for its year
Net assets by fiscal year
FY2021$31K
FY2022−$2K
FY2023−$9K
FY2024$12K
FY2025−$38K
FY2026$42K

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

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Dec 1940.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $280K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Sigma Nu Epsilon Omicron 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

Provides housing, meals, and social events for college fraternity members.

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Provided by the organization

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3 programs · $246K · in their own filed words · FY2022
01

Kitchen

$102Kprogram expense
02

Chapter Discretionary

$96Kprogram expense
03

House

$49Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$273K
Ln 12
Gifts and grantsLn 1h$273K
Money outPt IX
$280K
Ln 25
Programscol B$280K
Owns and owesPt X
−$9K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$1K
LiabilitiesLn 26$10K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$273K
Total revenueLn 12$273K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Total assetsLn 16$1K
LiabilitiesLn 26$10K
Net assetsLn 32−$9K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$498$1K
Total assetsLn 16$498$1K
LiabilitiesLn 26$3K$10K
Net assetsLn 32−$2K−$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$16K$16K$0$0
Other fees for servicesLn 11g$94K$94K$0$0
Office expensesLn 13$2K$2K$0$0
OccupancyLn 16$57K$57K$0$0
Payments to affiliatesLn 21$5K$5K$0$0
InsuranceLn 23$9K$9K$0$0
All other expensesLn 24e$97K$97K$0$0
Total functional expensesLn 25$280K$280K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $616K$533K$83K$42K 990 PDF
FY2025 $484K$534K−$50K−$38K 990 PDF
FY2024 $428K$406K$21K$12K 990 PDF
FY2023 Viewing $273K$280K−$7K−$9K 990 PDF
FY2022 $251K$284K−$34K−$2K 990 PDF
FY2021 $236K$306K−$71K$31K 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 (6 parts)
Part I · Summary $273,134 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,600$273,134
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $250,600$273,134
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $284,194$279,652
I-18 Total expensesPrior year $284,194$279,652
I-19 Revenue less expensesPrior year −$33,594−$6,518
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $273,134 across 5 lines filed
VIII-1b Membership dues$213,384
VIII-1d Related organizations$54,750
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$273,134
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$273,134
Part IX · Statement of functional expenses $279,652 across 7 lines filed
IX-11c Accounting feesPrograms $15,800 · Management $0 · Fundraising $0$15,800
IX-11g Other fees for servicesPrograms $94,004 · Management $0 · Fundraising $0$94,004
IX-13 Office expensesPrograms $2,175 · Management $0 · Fundraising $0$2,175
IX-16 OccupancyPrograms $56,539 · Management $0 · Fundraising $0$56,539
IX-21 Payments to affiliatesPrograms $5,098 · Management $0 · Fundraising $0$5,098
IX-23 InsurancePrograms $9,455 · Management $0 · Fundraising $0$9,455
IX-24e All other expensesPrograms $96,581 · Management $0 · Fundraising $0$96,581
IX-25 Total functional expensesPrograms $279,652 · Management $0 · Fundraising $0$279,652
Part X · Balance sheet $1,116 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $498$1,116
X-4 Accounts receivableStart of year $0$0
X-16 Total assetsStart of year $498$1,116
X-17 Accounts payable and accrued expensesStart of year $960$8,095
X-25 Other liabilitiesStart of year $1,904$1,904
X-26 Total liabilitiesStart of year $2,864$9,999
X-32 Total net assets or fund balancesStart of year −$2,366−$8,883
X-33 Total liabilities and net assetsStart of year $498$1,116
Part XI · Reconciliation of net assets −$8,883 net assets at year end
XI-1 Total revenue$273,134
XI-2 Total expenses$279,652
XI-3 Revenue less expenses−$6,518
XI-4 Net assets at start of year−$2,366
XI-8 Prior period adjustments−$1
XI-10 Net assets at end of year−$8,883

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

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