Civic Intelligence

Sigma Chi Fraternity

990 • Fiscal year 2024 • EIN 41-0538594

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 12, 2024

2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.25x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

45th percentile

3.2%

Higher net margin than 45% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

80th percentile

15%

Faster asset growth than 80% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-6.5%

Faster revenue growth than 20% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$112,790

Up $14,565 (+15%) from 2023

Net Assets

Up

$84,411

Up $18,848 (+29%) from 2023

Liabilities

Down

$28,379

Down $4,283 (-13%) from 2023

Revenue

Down

$580,587

Down $40,136 (-6.5%) from 2023

Expenses

Down

$561,738

Down $38,079 (-6.3%) from 2023

Net Income

Down

$18,849

Down $2,057 (-9.8%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100KAssets 2011: $40,284Liabilities 2011: $75,035Net Assets 2011: -$34,7512011Assets 2012: $57,066Liabilities 2012: $87,665Net Assets 2012: -$30,5992012Assets 2013: $57,083Liabilities 2013: $47,554Net Assets 2013: $9,5292013Assets 2014: $83,109Liabilities 2014: $51,692Net Assets 2014: $31,4172014Assets 2015: $129,419Liabilities 2015: $67,986Net Assets 2015: $61,4332015Assets 2016: $113,833Liabilities 2016: $20,274Net Assets 2016: $93,5592016Assets 2017: $110,375Liabilities 2017: $11,987Net Assets 2017: $98,3882017Assets 2018: $126,784Liabilities 2018: $22,838Net Assets 2018: $103,9462018Assets 2019: $198,900Liabilities 2019: $76,606Net Assets 2019: $122,2942019Assets 2020: $134,830Liabilities 2020: $43,376Net Assets 2020: $91,4542020Assets 2021: $120,595Liabilities 2021: $17,588Net Assets 2021: $103,0072021Assets 2022: $88,169Liabilities 2022: $43,513Net Assets 2022: $44,6562022Assets 2023: $98,225Liabilities 2023: $32,662Net Assets 2023: $65,5632023Assets 2024: $112,790Liabilities 2024: $28,379Net Assets 2024: $84,4112024Assets 2025: $133,359Liabilities 2025: $42,946Net Assets 2025: $90,4132025

Highlighted filing

2024

Assets$112,790
Liabilities$28,379
Net Assets$84,411

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $275,644Expenses 2011: $287,012Net Income 2011: -$11,3682011Revenue 2012: $342,338Expenses 2012: $338,186Net Income 2012: $4,1522012Revenue 2013: $415,316Expenses 2013: $375,189Net Income 2013: $40,1272013Revenue 2014: $452,142Expenses 2014: $430,254Net Income 2014: $21,8882014Revenue 2015: $511,548Expenses 2015: $481,531Net Income 2015: $30,0172015Revenue 2016: $471,325Expenses 2016: $439,199Net Income 2016: $32,1262016Revenue 2017: $482,014Expenses 2017: $477,184Net Income 2017: $4,8302017Revenue 2018: $507,971Expenses 2018: $502,413Net Income 2018: $5,5582018Revenue 2019: $556,276Expenses 2019: $537,928Net Income 2019: $18,3482019Revenue 2020: $402,866Expenses 2020: $433,707Net Income 2020: -$30,8412020Revenue 2021: $442,012Expenses 2021: $430,459Net Income 2021: $11,5532021Revenue 2022: $515,786Expenses 2022: $574,137Net Income 2022: -$58,3512022Revenue 2023: $620,723Expenses 2023: $599,817Net Income 2023: $20,9062023Revenue 2024: $580,587Expenses 2024: $561,738Net Income 2024: $18,8492024Revenue 2025: $676,758Expenses 2025: $670,757Net Income 2025: $6,0012025

Highlighted filing

2024

Revenue$580,587
Expenses$561,738
Net Income$18,849
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$580,587
Mission and Program Overview

Mission

Social club providing collegiate fraternity housing activites and environment

Social club providing collegiate fraternity housing, activities, and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$65,563$84,411▲ $18,848
Accounts Receivable$34,842$55,730▲ $20,888
Cash and Non-Interest-Bearing Accounts$24,754$19,042▼ $5,712
Savings and Temporary Cash Investments$16,004$16,044▲ $40
Land, Buildings, and Equipment, Net$4,623$4,972▲ $349
Investments Program Related$4,502$4,502→ $0
Inventories for Sale or Use$500$500→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$98,225$112,790▲ $14,565
Other Assets Total$13,000$12,000▼ $1,000
Liabilities
Other Liabilities$21,000$26,000▲ $5,000
Accounts Payable and Accrued Expenses$8,826$1,452▼ $7,374
Deferred Revenue$2,836$927▼ $1,909
Total Liabilities$32,662$28,379▼ $4,283
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,563$84,411▲ $18,848
Total Liabilities and Net Assets / Fund Balance$98,225$112,790▲ $14,565

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$4,502--
Equipment$4,972$9,357-
Other Assets Org$10,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Oskar AndersonPresident
Cody BrownVice-president
Frank WiedAumni Relations
Luke SonkaBrotherhood
Grant CegielskiNew Member Education
Addison GrossPhilanthropy
Quinn KoszarekPhilanthropy
Aariz ArshadRecruitment
Jackson FirstRecruitment
James BrennanRecruitment
Marko MirkovicRisk Manager
Ryan LongScholarship
Jakob ZellerSecretary
Zander AndersonSocial
Jaffer RazaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,437
Program Service Revenue
$567,545
Investment Income
$223
Other Revenue
$10,382
All Other Contributions
$2,437
Change in Net Assets
$18,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$510,744
Salaries, Compensation, and Employee Benefits$48,358
Grants and Similar Amounts Paid$2,636
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$280,458$0$0$280,458
Other Salaries and Wages$42,000$0$0$42,000
Insurance$22,577$0$0$22,577
Payments to Affiliates$13,845$0$0$13,845
Fees for Services Accounting$8,775$0$0$8,775
Payroll Taxes$6,358$0$0$6,358
Grants to Domestic Orgs$2,636--$2,636
Depreciation Depletion$2,116$0$0$2,116
Conferences and Meetings$1,845$0$0$1,845
Office Expenses$1,662$0$0$1,662
Other Expenses$122$0$0$122
Total Functional Expenses$561,738$0$0$561,738
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$929
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Security Deposits$26,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Sigma Chi Fraternity
EIN
41-0538594
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Jaffer Raza
Title
Treasurer
Phone
6126245015
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oskar Anderson
Formed
1888
Legal Domicile
Mn
Voting Board Members
118
Independent Board Members
118
Employees
1
Volunteers
120

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The organization has members

Pt VI, Line 7A

The members have the right to elect the governing board of the organization

Pt VI, Line 11B

The treasurer reviews the 990 before signing and filing

Pt VI, Line 19

Governing documents and financial statements are made available to the public upon request.

Pt VI, Line 7B

Yes, there are certain decisions that the entire membership has the right to vote on. These include decisions about bylaw amendments,officer positions, etc.

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IRS990/OfficeExpensesGrp/ProgramServicesAmt01662
IRS990/OfficeExpensesGrp/TotalAmt01662
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013000
IRS990/OtherAssetsTotalGrp/EOYAmt012000
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherExpensesGrp/Desc0DISBURSEMENTS FOR MEMBERS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0179344
IRS990/OtherExpensesGrp/ProgramServicesAmt1122
IRS990/OtherExpensesGrp/TotalAmt0179344
IRS990/OtherExpensesGrp/TotalAmt1122
IRS990/OtherLiabilitiesGrp/BOYAmt021000
IRS990/OtherLiabilitiesGrp/EOYAmt026000
IRS990/OtherRevenueMiscGrp/BusinessCd0813410
IRS990/OtherRevenueMiscGrp/BusinessCd1813410
IRS990/OtherRevenueMiscGrp/Desc0FINES/MISC
IRS990/OtherRevenueMiscGrp/Desc1DEPOSITS FORFEITED
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07453
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07453
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt09453
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt042000
IRS990/OtherSalariesAndWagesGrp/TotalAmt042000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt013845
IRS990/PaymentsToAffiliatesGrp/TotalAmt013845
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt06358
IRS990/PayrollTaxesGrp/TotalAmt06358
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrincipalOfficerNm0OSKAR ANDERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/BusinessCd1813410
IRS990/ProgramServiceRevenueGrp/BusinessCd2813410
IRS990/ProgramServiceRevenueGrp/Desc0RENT, BOARD
IRS990/ProgramServiceRevenueGrp/Desc1CHAPTER DUES
IRS990/ProgramServiceRevenueGrp/Desc2SOCIAL/ACTIVITIES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0440310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1100387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226848
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt075
IRS990/PYInvestmentIncomeAmt0765
IRS990/PYOtherExpensesAmt0556421
IRS990/PYOtherRevenueAmt04720
IRS990/PYProgramServiceRevenueAmt0615163
IRS990/PYRevenuesLessExpensesAmt020906
IRS990/PYSalariesCompEmpBnftPaidAmt043396
IRS990/PYTotalExpensesAmt0599817
IRS990/PYTotalRevenueAmt0620723
IRS990/ReconcilationRevenueExpnssAmt018849
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065563
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt084411
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016004
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016044
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04972
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09357
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt014329
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt04502
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0FPA STOCK/EQUITY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BUYING COOPERATIVE REFUNDABLE DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSIT- HOUSE CORPORATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04972
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012000
IRS990ScheduleD/TotalBookValueProgramRltdAmt04502
IRS990ScheduleD/TotalLiabilityAmt026000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS HAVE THE RIGHT TO ELECT THE GOVERNING BOARD OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER REVIEWS THE 990 BEFORE SIGNING AND FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES, THERE ARE CERTAIN DECISIONS THAT THE ENTIRE MEMBERSHIP HAS THE RIGHT TO VOTE ON. THESE INCLUDE DECISIONS ABOUT BYLAW AMENDMENTS,OFFICER POSITIONS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 7b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098225
IRS990/TotalAssetsEOYAmt0112790
IRS990/TotalAssetsGrp/BOYAmt098225
IRS990/TotalAssetsGrp/EOYAmt0112790
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02437
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0561738
IRS990/TotalFunctionalExpensesGrp/TotalAmt0561738
IRS990/TotalGrossUBIAmt01152
IRS990/TotalLiabilitiesBOYAmt032662
IRS990/TotalLiabilitiesEOYAmt028379
IRS990/TotalLiabilitiesGrp/BOYAmt032662
IRS990/TotalLiabilitiesGrp/EOYAmt028379
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt065563
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084411
IRS990/TotalProgramServiceRevenueAmt0567545
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0576998
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0580587
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt01152
IRS990/TotalVolunteersCnt0120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098225
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0112790
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/USAddress/AddressLine1Txt01623 UNIVERSITY AVE SE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.43$0.90$6.77$6.71$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.28$0.84$5.81$5.62$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.33$0.66$6.21$6.00$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.88$0.44$0.45$5.16$5.74$0.58
2021Detailed filing. Detailed filing data is available for this year.$1.21$0.18$1.03$4.42$4.30$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.35$0.43$0.91$4.03$4.34$0.31
2019Summary only. Only limited summary data is available for this year.$1.99$0.77$1.22$5.56$5.38$0.18
2018Summary only. Only limited summary data is available for this year.$1.27$0.23$1.04$5.08$5.02$0.06
2017Summary only. Only limited summary data is available for this year.$1.10$0.12$0.98$4.82$4.77$0.05
2016Summary only. Only limited summary data is available for this year.$1.14$0.20$0.94$4.71$4.39$0.32
2015Summary only. Only limited summary data is available for this year.$1.29$0.68$0.61$5.12$4.82$0.30
2014Summary only. Only limited summary data is available for this year.$0.83$0.52$0.31$4.52$4.30$0.22
2013Summary only. Only limited summary data is available for this year.$0.57$0.48$0.10$4.15$3.75$0.40
2012Summary only. Only limited summary data is available for this year.$0.57$0.88$0.31$3.42$3.38$0.04
2011Summary only. Only limited summary data is available for this year.$0.40$0.75$0.35$2.76$2.87$0.11