Civic Intelligence

Michigan Sigma Phi Inc Co Helen Notario

990 • Fiscal year 2020 • EIN 80-0579948

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

382 PhilipDetroit, MI 48215

(313) 415-5938

Siviq Scores

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

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.24x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Net Margin

97th percentile

84%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2020 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

1.6%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-45%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,217,003

Up $19,094 (+1.6%) from 2019

Net Assets

Up

$1,210,667

Up $22,508 (+1.9%) from 2019

Liabilities

Down

$6,336

Down $3,414 (-35%) from 2019

Revenue

Down

$26,924

Down $21,759 (-45%) from 2019

Expenses

Down

$4,416

Down $4,278 (-49%) from 2019

Net Income

Down

$22,508

Down $17,481 (-44%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,424,642Liabilities 2011: $2,000Net Assets 2011: $2,422,6422011Assets 2012: $977,450Liabilities 2012: $2,000Net Assets 2012: $975,4502012Assets 2013: $969,163Liabilities 2013: $2,009Net Assets 2013: $967,1542013Assets 2014: $1,041,516Liabilities 2014: $7,380Net Assets 2014: $1,034,1362014Assets 2015: $1,083,900Liabilities 2015: $2,197Net Assets 2015: $1,081,7032015Assets 2016: $1,106,613Liabilities 2016: $2,027Net Assets 2016: $1,104,5862016Assets 2017: $1,143,442Liabilities 2017: $2,590Net Assets 2017: $1,140,8522017Assets 2018: $1,152,420Liabilities 2018: $4,250Net Assets 2018: $1,148,1702018Assets 2019: $1,197,909Liabilities 2019: $9,750Net Assets 2019: $1,188,1592019Assets 2020: $1,217,003Liabilities 2020: $6,336Net Assets 2020: $1,210,6672020Assets 2021: $1,264,008Liabilities 2021: $3,901Net Assets 2021: $1,260,1072021Assets 2022: $1,205,907Liabilities 2022: $4,738Net Assets 2022: $1,201,1692022Assets 2023: $1,197,048Liabilities 2023: $4,738Net Assets 2023: $1,192,3102023Assets 2024: $1,161,222Liabilities 2024: $2,156Net Assets 2024: $1,159,0662024

Highlighted filing

2020

Assets$1,217,003
Liabilities$6,336
Net Assets$1,210,667

Operations Trend

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

$100K$50K$0-$50K-$100KExpenses 2011: $3,2382011Expenses 2012: $26,7982012Revenue 2013: $1,379Expenses 2013: $9,675Net Income 2013: -$8,2962013Revenue 2014: $92,913Expenses 2014: $25,931Net Income 2014: $66,9822014Revenue 2015: $66,492Expenses 2015: $18,925Net Income 2015: $47,5672015Revenue 2016: $39,269Expenses 2016: $16,386Net Income 2016: $22,8832016Revenue 2017: $51,047Expenses 2017: $14,781Net Income 2017: $36,2662017Revenue 2018: $16,336Expenses 2018: $9,018Net Income 2018: $7,3182018Revenue 2019: $48,683Expenses 2019: $8,694Net Income 2019: $39,9892019Revenue 2020: $26,924Expenses 2020: $4,416Net Income 2020: $22,5082020Revenue 2021: $77,257Expenses 2021: $27,817Net Income 2021: $49,4402021Revenue 2022: -$47,214Expenses 2022: $11,724Net Income 2022: -$58,9382022Revenue 2023: $4,165Expenses 2023: $13,024Net Income 2023: -$8,8592023Revenue 2024: -$3,992Expenses 2024: $29,252Net Income 2024: -$33,2442024

Highlighted filing

2020

Revenue$26,924
Expenses$4,416
Net Income$22,508
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$171,194
Mission and Program Overview

Mission

1. To act as an alumni association for all past and future initiates of the local chapters of Sigma Phi and its successors at University of Michigan, Ann Arbor.2. To maintain an undergraduate fraternity chapter of Sigma Phi at University of Michigan, Ann Arbor.3. To advise, guide and assist the local chapter of Sigma Phi at University of Michigan, Ann Arbor in every way, shape and form possible.4. To promote fraternity, scholarship, leadership, high moral standards and recreation among its members and all members of Sigma Phi Fraternity in accordance with the principles, traditions and ritual of the Fraternity.

1. To act as an alumni association for all past and future initiates of the local chapters of Sigma Phi and its successors at University of Michigan, Ann Arbor.2. To maintain an undergraduate fraternity chapter of Sigma Phi at University of Michigan, Ann Arbor.3. To advise, guide and assist the local chapter of Sigma Phi at University of Michigan, Ann Arbor in every way, shape and form possible.4. To promote fraternity, scholarship, leadership, high moral standards and recreation among its members and all members of Sigma Phi Fraternity in accordance with the principles, traditions and ritual of the Fraternity.During 2010, an alumnus of Sigma Phi passed away and Michigan Sigma Phi, Inc. was the beneficiary of a $1,000,000 bequest. He wanted to ensure that the fraternity house was maintained for future generations.The $1,000,000 and the income it generates is specifically earmarked for the maintenance, upkeep and improvements of the fraternity house.Since the investment income is derive

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,188,159$1,210,667▲ $22,508
Investments Other Securities$897,215$949,723▲ $52,508
Land, Buildings, and Equipment, Net$234,125$223,016▼ $11,109
Cash and Non-Interest-Bearing Accounts$66,569$44,264▼ $22,305
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,197,909$1,217,003▲ $19,094
Other Assets Total-$0-
Liabilities
Other Liabilities$9,750$6,336▼ $3,414
Total Liabilities$9,750$6,336▼ $3,414
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,188,159$1,210,667▲ $22,508
Total Liabilities and Net Assets / Fund Balance$1,197,909$1,217,003▲ $19,094

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$216,266$56,255$272,521
Equipment$6,750$1,651$8,401
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,810
Program Service Revenue
$0
Investment Income
$52,662
Other Revenue
$-27,548
All Other Contributions
$1,810
Change in Net Assets
$22,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,416
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$2,907
Other Expenses---$154
Office Expenses---$68
Total Functional Expenses$0$0$0$4,416
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$6,336
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the Executive Committee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Information available upon written request

Filing and Contact Details

Filer

Filer Name
Michigan Sigma Phi Inc
EIN
80-0579948
Phone
3134155938
Address
382 PHILIP, DETROIT, MI 48215

Signing Officer

Name
Kevin Laliberte
Title
President
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Laliberte
Formed
2010
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Derderian Kann Seyferth & Salucci PC
Address
3001 West Big Beaver Suite 700, Troy, MI 48084
Preparer
Laura a Arens CPA
Phone
2486493400
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IRS990/PrincipalOfficerNm0KEVIN LALIBERTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023576
IRS990/PYInvestmentIncomeAmt029888
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08694
IRS990/PYOtherRevenueAmt0-4781
IRS990/PYRevenuesLessExpensesAmt039989
IRS990/PYTotalExpensesAmt08694
IRS990/PYTotalRevenueAmt048683
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt022508
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-27548
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06750
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01651
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08401
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0216266
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056255
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0272521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0223016
IRS990ScheduleD/TotalBookValueSecuritiesAmt0949723
IRS990ScheduleD/TotalLiabilityAmt06336
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Executive Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INFORMATION AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MICHIGAN SIGMA PHI HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0453302553
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C4
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FOR FRATERNITY CHAPTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0907 LINCOLN AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ANN ARBOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048104
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01197909
IRS990/TotalAssetsEOYAmt01217003
IRS990/TotalAssetsGrp/BOYAmt01197909
IRS990/TotalAssetsGrp/EOYAmt01217003
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01810
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04416
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09750
IRS990/TotalLiabilitiesEOYAmt06336
IRS990/TotalLiabilitiesGrp/BOYAmt09750
IRS990/TotalLiabilitiesGrp/EOYAmt06336
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01188159
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01210667
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025114
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026924
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01197909
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01217003
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0382 PHILIP
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048215
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN LALIBERTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN SIGMA PHI INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0co KEVIN LALIBERTE
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0800579948
ReturnHeader/Filer/PhoneNum03134155938
ReturnHeader/Filer/USAddress/AddressLine1Txt0382 PHILIP
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048215
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381944367
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Derderian Kann Seyferth & Salucci PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03001 West Big Beaver Suite 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Troy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048084
ReturnHeader/PreparerPersonGrp/PhoneNum02486493400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA A ARENS CPA
ReturnHeader/ReturnTs02021-11-03T11:07:45-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LALIBERTE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.00$0.03$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.19$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.20$0.05$0.01$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.08$0.03$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.22$0.01$1.21$0.03$0.00$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.01$1.19$0.05$0.01$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.02$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.05$0.01$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.00$1.10$0.04$0.02$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$0.00$1.08$0.07$0.02$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.03$0.09$0.03$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.00$0.01$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.98$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.00$2.42$0.00