Sigma Chi Fraternity Mu Alpha
Nonprofit profile at a glance
- EIN
- 475636183
- IRS 990-EZ coverage
- 2019–2023
- Forms available
- Form 990 2022, Form 990-EZ 2023
- Location
- Charlotte, NC, USA
- Phone
- 2036440434
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $184,626
- Expenses
- $182,486
- Assets
- $10,986
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- JOE HODGES (CONSUL)
- JACOB LA (PRO CONSUL)
- BRAD MCGREEVY (QUAESTOR)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate the local chapter of sigma chi fraternity mu alpha chapter at unc charlotte, a college social fraternity. Specifically, to promote the social, intellectual, and moral development of college and university men, both members and pledges of sigma chi fraternity. To continue among graduate members the close friendship and loyalty inspired and stabilized by mutual aid and understanding. To support the education of members and outstanding scholars, to assist members in time of need, and to support selected humanitarian activities. Our organization supports numerous charitable organizations and we hold many community service events annually, such as derby days to support cancer research. We also participate in krach transformational workshops each summer and hold weekly chapter meetings. We also hold rush events to market our organization to potential new members.
What it reported doing in 2023
College social fraternity. Provides structure for young men during their college days.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Assets have declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 28
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.8%; rating input score 99
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 16.5% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 98.8% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2019 to 2023
- 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 — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.