STRATEGY STUDIO / PUBLIC DATA EXPLORER

SIGMA CHI BUILDING ASSOCIATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SIGMA CHI BUILDING ASSOCIATION (EIN 41-1365083)
Tax period
2023-09-01 to 2024-08-31
Filed
2025-07-08
IRS object ID
202531899349300243
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-07-08T11:39:31-07:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410265424PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Fraternity Purchasing AssociationBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12221 University Ave SE Ste 11AddressLine1Txt
CityMinneapolisCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55414ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411365083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SIGMA CHI BUILDING ASSOCIATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSIGMBusinessNameControlTxt
Phone6126245015PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12221 UNIVERSITY AVE SE STE 111AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55414ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT FRANCISPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6126245015PhoneNum
Signature2025-07-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHELLE BALLENSKYPreparerPersonNm
PTINP01208125PTIN
Phone6126245015PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerROBERT FRANCISPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line17349 JORDAN AVEAddressLine1Txt
CityCOTTAGE GROVECityNm
State AbbreviationMNStateAbbreviationCd
ZIP55016ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$248,442GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1908FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionPROVIDING COLLEGIATE FRATERNITY HOUSING AND INTERACTION WITH ALUMNI AND STUDENTSActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers12TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$234,780PYProgramServiceRevenueAmt
CY Program Service Revenue$235,590CYProgramServiceRevenueAmt
PY Investment Income$1,672PYInvestmentIncomeAmt
CY Investment Income$12,852CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$236,452PYTotalRevenueAmt
CY Total Revenue$248,442CYTotalRevenueAmt
PY Grants And Similar Paid$510PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,033CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$57,222PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$60,539CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$217,164PYOtherExpensesAmt
CY Other Expenses$199,892CYOtherExpensesAmt
PY Total Expenses$274,896PYTotalExpensesAmt
CY Total Expenses$261,464CYTotalExpensesAmt
PY Revenues Less Expenses-$38,444PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$13,022CYRevenuesLessExpensesAmt
Total Assets BOY$2,343,595TotalAssetsBOYAmt
Total Assets EOY$2,340,395TotalAssetsEOYAmt
Total Liabilities BOY$23,192TotalLiabilitiesBOYAmt
Total Liabilities EOY$33,013TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,320,403NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,307,382NetAssetsOrFundBalancesEOYAmt
MissionPROVIDING COLLEGIATE FRATERNITY HOUSING AND INTERACTION WITH ALUMNI AND STUDENTSMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescMEMBERSHIP INCLUDED UNIVERSITY OF MN MALE STUDENTS AS WELL AS ALUMNI MEMBERS. HOUSING WAS PROVIDED FOR UP TO 50 OF THESE MEN DURING THE SCHOOL YEAR AUGUST 2023 - MAY 2024 A FULL-TIME LIVE-IN HOUSE DIRECTOR WAS EMPLOYED TO PROVIDE FOR THE SOCIAL WELL BEING OF ALL MEMBERS AS WELL AS HOUSEKEEPING SERVICESDesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonROBERT FRANCISPersonNm
Phone6514920107PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17349 JORDAN AVENUEAddressLine1Txt
CityCOTTAGE GROVECityNm
State AbbreviationMNStateAbbreviationCd
ZIP55016ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
AARON SCHUMM
PRESIDENT2.00Yes (X)$0$0$0
CHRISTIAN ENG
VICE-PRESIDENT1.00Yes (X)$0$0$0
ROBERT FRANCIS
TREASURER2.00Yes (X)$0$0$0
RICHARD CHILDS
SECRETARY1.00Yes (X)$0$0$0
JOHN SCHEFFERT
DIRECTOR1.00$0$0$0Yes (X)
BRYCE BOCKIN
DIRECTOR1.00$0$0$0Yes (X)
WILLIAM LANGER
DIRECTOR1.00$0$0$0Yes (X)
MATT SELMAN
DIRECTOR1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
RENT721310$198,270$0$0
BUILDING FUND721310$37,320$0$0
FieldValueIRS element (for citing)
Total Program Service Revenue$235,590TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,852TotalRevenueColumnAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$12,852ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$248,442TotalRevenueColumnAmt
Related Or Exempt Func Income$235,590RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$12,852ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,033TotalAmt
Program Services$1,033ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$57,007TotalAmt
Program Services$57,007ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$3,532TotalAmt
Program Services$3,532ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,417TotalAmt
Program Services$5,417ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,026TotalAmt
Program Services$2,026ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$76TotalAmt
Program Services$76ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$65,944TotalAmt
Program Services$65,944ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,958TotalAmt
Program Services$2,958ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$300TotalAmt
Program Services$300ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$96,446TotalAmt
Program Services$96,446ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$20,071TotalAmt
Program Services$20,071ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
MGAC DUES$1,100$1,100$0$0
SCHOLARSHIPS$4,000$4,000$0$0
MISCELLANEOUS$1,554$1,554$0$0

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$261,464TotalAmt
Program Services$261,464ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,373BOYAmt
EOY$21,024EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$574,124BOYAmt
EOY$613,888EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,669,516LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$968,241LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,760,978BOYAmt
EOY$1,701,275EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,120BOYAmt
EOY$4,208EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,343,595BOYAmt
EOY$2,340,395EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$13,192BOYAmt
EOY$23,013EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,000BOYAmt
EOY$10,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$23,192BOYAmt
EOY$33,013EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,320,403BOYAmt
EOY$2,307,382EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,320,403BOYAmt
EOY$2,307,382EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,343,595BOYAmt
EOY$2,340,395EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$13,022ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$156,607InvestmentCostOrOtherBasisAmt
Book Value$156,607BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$2,125,770InvestmentCostOrOtherBasisAmt
Depreciation$772,824DepreciationAmt
Book Value$1,352,946BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$387,139InvestmentCostOrOtherBasisAmt
Depreciation$195,417DepreciationAmt
Book Value$191,722BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,701,275TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescnoneDesc
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$0TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescSECURITY DEPOSITDesc
Amt$10,000Amt
FieldValueIRS element (for citing)
Total Liability$10,000TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 19THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
Pt XII, Line 2cTHE TREASURER SELECTS THE ACCOUNTING FIRM AND REVIEWS THE FINANCIAL STATEMENT BEFORE THE TAX RETURN IS FILED. HE THEN REPORTS TO THE GOVERNING BOARD THE FINDINGS
Pt VI, Line 6YES, THE ORGANIZATION HAS MEMBERS WHO ARE ALL SIGMA CHIS
Pt VI, Line 7aYES, THE ORGANIZATIONS MEMBERS HAVE THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY BUT MUST BE APPROVED BY THE BUILDING ASSOCIATION.
Pt VI, Line 8bTHE ORGANIZATION DID NOT HAVE COMMITTEES SO THEREFORE THERE WERE NO MINUTES
Pt VI, Line 11bTHE TREASURER REVIEWS THE TAX RETURN BEFORE FILING AND THEN PRESENTS IT TO THE GOVERNING BOARD