Sigma Chi Fraternity

Nonprofit profile at a glance

EIN
940276805
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Berkeley, CA, USA
Phone
9257081423
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$47,899
Expenses
$53,238
Assets
$949
Liabilities
$7,200

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

Leadership & pay

8 people listed

Executive titles in this filing

  • Yumin Kim (President)
  • Alex Han (Vice President)

People named in this filing

  • Yumin Kim (President)
  • Alex Han (Vice President)
  • William Schackleton Harper (Secretary)

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

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

Overview

Mission

To operate the local chapter of Sigma Chi Fraternity Alpha Beta Chapter at the University of California Berkeley, a college social fraternity. The fraternity promotes the social, intellectual and moral development of university men both members and pledges of the fraternity to continue among graduate members a close friendship and loyalty and are inspired by mutual aid and understanding. The fraternity supports the education of members, assists members in time of need and supports selected humanitarian activities, including our annual Derby Days. We hold weekly chapter meetings and twice annually we hold new member recruitment to expose our fraternity to potential new members.

What it reported doing in 2024

Recruitment of new members $7,539. The fraternities ongoing effort to perpetuate the continued presence on the U.C Berkeley campus which was originally established in 1886

Operating model

Revenue model
Membership-supported. 86% of the money available for current operations came from membership dues.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -11.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 7.59; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 23.1% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: -43.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 29.7% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 3 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.