Sigma Chi Fraternity

Nonprofit profile at a glance

EIN
800339463
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Davis, CA, USA
Phone
9253240090
Rating
30
Verdict
REVIEW
Rating confidence
Moderate

Official website

Reported finances

Revenue
$285,158
Expenses
$309,220
Assets
$11,298
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Palmer Freeman (PRESIDENT - UNDERGRADUATE CHAPTER)
  • Antonio Serafini (VICE PRESIDENT - UNDERGRADUATE CHAPTER)

People named in this filing

  • Palmer Freeman (PRESIDENT - UNDERGRADUATE CHAPTER)
  • Gavin Zaengle (TREASURER - UNDERGRADUATE CHAPTER)
  • Antonio Serafini (VICE PRESIDENT - UNDERGRADUATE CHAPTER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This is the uc davis undergraduate chapter of the sigma chi fraternity and the means by which to collect rent, dues, utilities, and other similar revenue to pay our vendors. This is under the sigma chi international fraternity. The local organization is currently under suspended status with the general fraternity by vote of the local membership effective 3/30/2025 and will not resume operations until no earlier than fall 2027. The financial accounts will remain open to pay for storage of the local orgnizations common property and pay any outstanding debts.

What it reported doing in 2024

This is the undergraduate chapter of the sigma chi fraternity at the unversity of California, davis. This housing association was created to help manage the rent, dues, utilities, and other collections for the chapter and the timely payment to our vendors including rent, utilities, etc...the local organization is currently under suspended status with the general fraternity by vote of the local membership effective 3/30/2025 and will not resume operations until no earlier than fall 2027. The financial accounts will remain open to pay for storage of the local orgnizations common property and pay any outstanding debts.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 6
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.4%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -11.4% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -0% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -39.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.