Civic Intelligence

Alpha Sigma Phi Fraternity Inc

990EZ • Fiscal year 2021 • EIN 47-5226650

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 17, 2023

Organization Profilealphasig.org
710 Adams StreetCarmel, IN 46032

(317) 843-1911

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

3rd percentile

-71%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

12th percentile

-50%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$6,726

Down $74,165 (-92%) from 2019

Net Assets

Down

$6,726

Down $74,165 (-92%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin16th percentile

Revenue

Down

$28,270

Down $83,847 (-75%) from 2019

Expenses

Up

$34,005

Up $1,185 (+3.6%) from 2019

Net Income

Down

-$5,735

Down $85,032 (-107%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$100K$50K$0Assets 2017: $10,864Liabilities 2017: $02017Assets 2018: $1,594Liabilities 2018: $02018Assets 2019: $80,891Liabilities 2019: $0Net Assets 2019: $80,8912019Assets 2021: $6,726Liabilities 2021: $0Net Assets 2021: $6,7262021Assets 2022: $3,392Liabilities 2022: $0Net Assets 2022: $3,3922022Assets 2023: $4,904Liabilities 2023: $0Net Assets 2023: $4,9042023Assets 2024: $2,646Liabilities 2024: $0Net Assets 2024: $2,6462024

Highlighted filing

2021

Assets$6,726
Liabilities$0
Net Assets$6,726
Open 2021 Filing

Operations Trend

Revenue Growth12th percentile

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

$150K$100K$50K$0-$50KRevenue 2017: $76,266Expenses 2017: $77,396Net Income 2017: -$1,1302017Revenue 2018: $77,692Expenses 2018: $86,962Net Income 2018: -$9,2702018Revenue 2019: $112,117Expenses 2019: $32,820Net Income 2019: $79,2972019Revenue 2021: $28,270Expenses 2021: $34,005Net Income 2021: -$5,7352021Revenue 2022: $83,668Expenses 2022: $87,002Net Income 2022: -$3,3342022Revenue 2023: $126,162Expenses 2023: $124,650Net Income 2023: $1,5122023Revenue 2024: $147,437Expenses 2024: $149,695Net Income 2024: -$2,2582024

Highlighted filing

2021

Revenue$28,270
Expenses$34,005
Net Income-$5,735
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 17, 2023
Return Version
2020v4.0
Gross Receipts
$28,270
Mission and Program Overview

Mission

Social Cub - Fraternity. 80 Members.

Program Services

DescriptionGrantsExpenses
Social Events/Gatherings--
Member Education and Enrichment--
Community Service & Philanthropy--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew PosniakPresidentPT$0--
Blake FultonVP Of Alumni Relations-$0--
Benjamin SackettVP Of New Member EducationPT$0--
Rudy KurupVP Of Member RetentionPT$0--
Thomas MillerVP Of StandardsPT$0--
Brian GogginVP Of CommunicationsPT$0--
Alec RodmanVP Of Rituals And Tradition-$0--
Luke PhillipsVP Of PhilanthropyPT$0--
Thomas TaberVP Of RecruitmentPT$0--
Ricky ZhangVP Of FinancePT$0--
Filing and Contact Details

Filer

Filer Name
Alpha Sigma Phi Fraternity Gamma Gamma Chapter
EIN
47-5226650
Phone
3178431911
Address
710 Adams Street, Carmel, IN 46032

Signing Officer

Name
Sean Lage
Title
VP of Finance
Phone
9085683033
Signed
2023-03-17
Discuss with paid preparer
Yes

Preparer

Preparer
Norman Klonowski CPA
Phone
5869426583
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Grantee: Alpha Sigma Phi Fraternity, Inc. EIN: 31-4359813. 710 Adams Street, Carmel, IN. 46032. Amount: $12,000. Relationship: Central Organization. Classification: Payment to Affiliate - Dues, Insurance, and Brotherhood Activities.”

Form 990-EZ, Part I, Line 16

“Chapter Operations: $20,080 Inter-Fraternity Dues: $1,360.”

Raw XML Appendix171 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VP of New Member Education
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9VP of Finance
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Grantee: Alpha Sigma Phi Fraternity, Inc. EIN: 31-4359813. 710 Adams Street, Carmel, IN. 46032. Amount: $12,000. Relationship: Central Organization. Classification: Payment to Affiliate - Dues, Insurance, and Brotherhood Activities.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Dear Sir/Madam: I am writing to request an abatement of any penalties or any late filing fees that may be assessed for the late filing of the Fiscal 2021, tax Form 990 EZ, due on November 15, 2021. I acknowledge and sincerely apologize for the late filing of our Chapter's tax Form 990 EZ. The Gamma Gamma Chapter of Alpha Sigma Phi Fraternity, is a tax-exempt organization operating under Internal Revenue Code Section 501c7. Gamma Gamma is a college fraternity supported by dues paying members to provide an opportunity for members to commingle, engage in personal contact, and pursue common goals and aspirations. Personally, I am the VP of Finance for the fraternity, and I am responsible for the ultimate filing of the tax Form 990. I was recently elected to the VP of Finance governance position and only then I became aware that a FY 21 Form 990 was outstanding. The governance responsibilities of a college fraternity are extremely fluid due to officers being in transition annually due to graduation from school. This coupled with the school and fraternity challenges resulting from the Covid pandemic, I believe primarily lead to the inadvertent late filing oversight on Gamma Gamma's part. I took corrective action (completion/filing the tax return) as soon as I became aware of the 990 filing requirements. Unfortunately, such corrective action was also protracted since our Chapter had to familiarize itself with the detailed Form 990 informational filing requirements, aligning our historic financial information with the 990 requirements, along with an associated search for Certified Professional Accountant (CPA) for tax return preparation/assistance. Going forward Gamma Gamma intends to comply with all Form 990 filing requirements. To that end, our Chapter is in the final stages of completing the FY 22 tax Form 990 EZ (on extension). In addition, I have designed procedures to ensure that future officer transition will include the Form 990 filing requirements and associated completion procedures. Again, I sincerely apologize and hope that you will consider the abatement of penalties or any late filing fees owed for "reasonable cause". I am willing to provide any clarifications that you may require. Please free to contact me at 908-568-3033. Sincerely, Sean Lage VP of Finance, Gamma Gamma Chapter
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Norman Klonowski CPA
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ReturnHeader/ReturnTs02023-03-19T07:25:43-07:00
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ReturnHeader/TaxPeriodBeginDt02020-07-01
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,726
Liabilities
$0
Net assets
$6,726
Revenue
$28,270
Expenses
$34,005
Net income
-$5,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.47$1.50$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.26$1.25$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.84$0.87$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.28$0.34$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$1.12$0.33$0.79
2018Summary only. Only limited summary data is available for this year.$0.02$0.00$0.78$0.87$0.09
2017Summary only. Only limited summary data is available for this year.$0.11$0.00$0.76$0.77$0.01