Civic Intelligence

Upsilon Chapter Building Association of Sigma Pi

EIN 95-2509899 • 501(c)2 • Irvine, CA

Profile

The organization's mission is to hold and maintain the property of the Sigma Pi Fraternity's Upsilon Chapter house for the residential and social use of the active student brotherhood of Sigma Pi Fraternity's Upsilon Chapter, located at 612 Landfair Avenue, Los Angeles, California.

5 Park Plaza 14th FloorIrvine, CA 92614
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.08x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.33x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Net Margin

46th percentile

2.8%

Higher net margin than 46% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

501(c)2 • $500k-$1M nonprofits • Source year 2024

Asset Growth

53rd percentile

-1.1%

Faster asset growth than 53% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

2.8%

Faster revenue growth than 48% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$520,237

Down $5,579 (-1.1%) from 2023

Liabilities

Down

$42,719

Down $9,253 (-18%) from 2023

Net Assets

Up

$477,518

Up $3,674 (+0.8%) from 2023

Revenue

Up

$130,548

Up $3,525 (+2.8%) from 2023

Expenses

Down

$126,874

Down $7,178 (-5.4%) from 2023

Net Income

Up

$3,674

Up $10,703 (+152%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $309,347Liabilities 2011: $24,6282011Assets 2012: $332,912Liabilities 2012: $26,4542012Assets 2013: $372,587Liabilities 2013: $19,2612013Assets 2014: $454,689Liabilities 2014: $78,6392014Assets 2015: $485,011Liabilities 2015: $65,9792015Assets 2016: $467,627Liabilities 2016: $46,1472016Assets 2017: $494,364Liabilities 2017: $28,8462017Assets 2018: $533,484Liabilities 2018: $0Net Assets 2018: $533,4842018Assets 2019: $572,335Liabilities 2019: $0Net Assets 2019: $572,3352019Assets 2020: $539,159Liabilities 2020: $0Net Assets 2020: $539,1592020Assets 2021: $494,544Liabilities 2021: $0Net Assets 2021: $494,5442021Assets 2022: $480,873Liabilities 2022: $0Net Assets 2022: $480,8732022Assets 2023: $525,816Liabilities 2023: $51,972Net Assets 2023: $473,8442023Assets 2024: $520,237Liabilities 2024: $42,719Net Assets 2024: $477,5182024

Highlighted filing

2024

Assets$520,237
Liabilities$42,719
Net Assets$477,518

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100KRevenue 2011: $95,122Expenses 2011: $61,272Net Income 2011: $33,8502011Revenue 2012: $116,452Expenses 2012: $94,713Net Income 2012: $21,7392012Revenue 2013: $127,278Expenses 2013: $80,409Net Income 2013: $46,8692013Revenue 2014: $100,022Expenses 2014: $77,298Net Income 2014: $22,7242014Revenue 2015: $118,480Expenses 2015: $75,498Net Income 2015: $42,9822015Revenue 2016: $91,159Expenses 2016: $88,711Net Income 2016: $2,4482016Revenue 2017: $143,205Expenses 2017: $99,167Net Income 2017: $44,0382017Revenue 2018: $151,004Expenses 2018: $83,038Net Income 2018: $67,9662018Revenue 2019: $161,845Expenses 2019: $122,994Net Income 2019: $38,8512019Revenue 2020: $64,356Expenses 2020: $97,532Net Income 2020: -$33,1762020Revenue 2021: $30,690Expenses 2021: $75,305Net Income 2021: -$44,6152021Revenue 2022: $86,773Expenses 2022: $100,444Net Income 2022: -$13,6712022Revenue 2023: $127,023Expenses 2023: $134,052Net Income 2023: -$7,0292023Revenue 2024: $130,548Expenses 2024: $126,874Net Income 2024: $3,6742024

Highlighted filing

2024

Revenue$130,548
Expenses$126,874
Net Income$3,674

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.20$0.43$4.78$1.31$1.27$0.04
2023Detailed filing. Detailed filing data is available for this year.$5.26$0.52$4.74$1.27$1.34$0.07
2022Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.87$1.00$0.14
2021Detailed filing. Detailed filing data is available for this year.$4.95$0.00$4.95$0.31$0.75$0.45
2020Detailed filing. Detailed filing data is available for this year.$5.39$0.00$5.39$0.64$0.98$0.33
2019Summary only. Only limited summary data is available for this year.$5.72$0.00$5.72$1.62$1.23$0.39
2018Summary only. Only limited summary data is available for this year.$5.33$0.00$5.33$1.51$0.83$0.68
2017Summary only. Only limited summary data is available for this year.$4.94$0.29$1.43$0.99$0.44
2016Summary only. Only limited summary data is available for this year.$4.68$0.46$0.91$0.89$0.02
2015Summary only. Only limited summary data is available for this year.$4.85$0.66$1.18$0.75$0.43
2014Summary only. Only limited summary data is available for this year.$4.55$0.79$1.00$0.77$0.23
2013Summary only. Only limited summary data is available for this year.$3.73$0.19$1.27$0.80$0.47
2012Summary only. Only limited summary data is available for this year.$3.33$0.26$1.16$0.95$0.22
2011Summary only. Only limited summary data is available for this year.$3.09$0.25$0.95$0.61$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.0
Gross Receipts
$130,548
Mission and Program Overview

Mission

The organization's mission is to hold and maintain the property of the Sigma Pi Fraternity's Upsilon Chapter house for the residential and social use of the active student brotherhood of Sigma Pi Fraternity's Upsilon Chapter, located at 612 Landfair Avenue, Los Angeles, California.

The organization's primary exempt purpose is to provide for the physical property of the Sigma Pi Fraternity's Upsilon Chapter house, so that the active student brotherhood may reside there in perpetuity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$458,209$453,832▼ $4,377
Pd in Cap Srpls Land Bldg Eqp Fund$458,209$453,832▼ $4,377
Cash and Non-Interest-Bearing Accounts$65,791$59,416▼ $6,375
Rtn Earn Endowment Incm Other Fnds$15,635$23,686▲ $8,051
Savings and Temporary Cash Investments$1,816$6,989▲ $5,173
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$525,816$520,237▼ $5,579
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$51,972$42,719▼ $9,253
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property-$0-
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$51,972$42,719▼ $9,253
Net Assets / Fund Balance
Total Net Assets Fund Balance$473,844$477,518▲ $3,674
Total Liabilities and Net Assets / Fund Balance$525,816$520,237▼ $5,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$255,627$200,473$456,100
Land$195,267-$195,267
Equipment$2,938$20,773$23,711
Other Land Buildings$0$11,648$11,648
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matt SumrowPresident
Alfred HernandezDirector
James LipowDirector
Jay RossDirector
Nick RackauckasDirector
David FinkelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,375
Investment Income
$173
Other Revenue
$0
Change in Net Assets
$3,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,374
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$64,712$0$0$64,712
Occupancy$39,397$0$0$39,397
Depreciation Depletion$16,777$0$0$16,777
Interest$2,747$0$0$2,747
Grants to Domestic Orgs$2,500--$2,500
Conferences and Meetings$500$0$0$500
All Other Expenses$141$0$0$141
Fees for Services Accounting$100$0$0$100
Total Functional Expenses$126,874$0$0$126,874
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The organization's Treasurer, David Finkel, prepared the Form 990 and circulated a preliminary draft of it to the other members of the organization for comment and review before filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are not published in hard copy or on-line. Anyone wishing to view the organization's documents or financial statements may make arrangements to do so by contacting the organization's Treasurer, David Finkel, at 818-633-3898.

Filing and Contact Details

Filer

Filer Name
Upsilon Chapter Building Association of Sigma Pi
EIN
95-2509899
Phone
8186333898
Address
5 Park Plaza 14th Floor, Irvine, CA 92614

Signing Officer

Name
David Finkel
Title
Treasurer
Phone
8186333898
Signed
2025-05-09

Organization Details

Principal Officer
Matt Sumrow
Formed
1927
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6
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IRS990/LandBldgEquipCostOrOtherBssAmt0686726
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The organization's mission is to hold and maintain the property of the Sigma Pi Fraternity's Upsilon Chapter house for the residential and social use of the active student brotherhood of Sigma Pi Fraternity's Upsilon Chapter, located at 612 Landfair Avenue, Los Angeles, California.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0473844
IRS990/NetAssetsOrFundBalancesEOYAmt0477518
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt039397
IRS990/OccupancyGrp/TotalAmt039397
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repair & Maintenance
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt064712
IRS990/OtherExpensesGrp/TotalAmt064712
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0458209
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0453832
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Matt Sumrow
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02500
IRS990/PYInvestmentIncomeAmt023
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0131552
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0127000
IRS990/PYRevenuesLessExpensesAmt0-7029
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0134052
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0127023
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03674
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0130548
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015635
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023686
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01816
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06989
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0255627
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0200473
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0456100
IRS990ScheduleD/EquipmentGrp/BookValueAmt02938
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020773
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023711
IRS990ScheduleD/LandGrp/BookValueAmt0195267
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0195267
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011648
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0453832
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's Treasurer, David Finkel, prepared the Form 990 and circulated a preliminary draft of it to the other members of the organization for comment and review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing documents and financial statements are not published in hard copy or on-line. Anyone wishing to view the organization's documents or financial statements may make arrangements to do so by contacting the organization's Treasurer, David Finkel, at 818-633-3898.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0525816
IRS990/TotalAssetsEOYAmt0520237
IRS990/TotalAssetsGrp/BOYAmt0525816
IRS990/TotalAssetsGrp/EOYAmt0520237
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00

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