Overview
What is University Of Alabama Chapter Of Sigma Pi Fraternity House Corp?
The University of Alabama Chapter of Sigma Pi Fraternity House Corp is a nonprofit organization, specifically a mutual benefit corporation, located in Tuscaloosa, Alabama. Its primary mission is to provide housing and support for the undergraduate chapter of the National Collegiate Social Fraternity, Sigma Pi. The corporation also offers guidance and leadership for fraternity activities, aiming to foster a sense of brotherhood and social interaction. Its operations are regulated under Section 507 (C)(7) of the Internal Revenue Code of 1986. The organization currently employs a small team of two individuals.
Is University Of Alabama Chapter Of Sigma Pi Fraternity House Corp legitimate?
University Of Alabama Chapter Of Sigma Pi Fraternity House Corp is a legitimate nonprofit organization registered as a 501(c)(7) entity. University Of Alabama Chapter Of Sigma Pi Fraternity House Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,100
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What is the mission statement of University Of Alabama Chapter Of Sigma Pi Fraternity House Corp?
The University of Alabama Chapter of Sigma Pi Fraternity House Corp is organized as a mutual benefit corporation with a mission to foster and maintain brotherhood and social interaction among its members. The primary objective of the organization is to provide housing for the undergraduate chapter of the National Collegiate Social Fraternity, Sigma Pi. Additionally, it acquires and manages real and personal property to establish a chapter house, engaging in various recreational and non-profit activities permitted under Section 507 (C)(7) of the Internal Revenue Code of 1986.
What is the revenue of University Of Alabama Chapter Of Sigma Pi Fraternity House Corp?
University Of Alabama Chapter Of Sigma Pi Fraternity House Corp's revenue in 2024 was $888,889.
Who are the executives of University Of Alabama Chapter Of Sigma Pi Fraternity House Corp and what are their salaries?
The average compensation at University Of Alabama Chapter Of Sigma Pi Fraternity House Corp during 2024 was $24,050. There are 2 employees and 4 volunteers at University Of Alabama Chapter Of Sigma Pi Fraternity House Corp.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for University Of Alabama Chapter Of Sigma Pi Fraternity House Corp?
University Of Alabama Chapter Of Sigma Pi Fraternity House Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of University Of Alabama Chapter Of Sigma Pi Fraternity House Corp
The University of Alabama Chapter of Sigma Pi Fraternity House Corp, as a mutual benefit corporation, is established with the primary objective of fostering brotherhood and social interaction within its undergraduate chapter of the National Collegiate Social Fraternity. This organization is dedicated to acquiring and maintaining a chapter house for the University of Alabama Chapter of Sigma Pi Fraternity. In addition to providing housing, the corporation engages in various pleasurable, recreational, and nonprofit activities that align with Section 507 (C)(7) of the Internal Revenue Code of 1986. The mission of the University of Alabama Chapter of Sigma Pi Fraternity House Corp is centered around creating an environment that supports the growth and development of its fraternity members, while also engaging in activities that contribute positively to the broader community.
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Impact
October, 2024
The University of Alabama Chapter of Sigma Pi Fraternity House Corp significantly enhances the collegiate experience for its members by providing essential housing and support for the undergraduate chapter. This organization plays a vital role in fostering brotherhood and social interaction among members, creating a supportive community where personal development can thrive.
By acquiring and maintaining facilities, the House Corp ensures that students have access to a safe and conducive environment for academic and social activities. The guidance and leadership offered by the corporation are instrumental in facilitating various fraternity activities, which not only enrich the lives of individual members but also contribute to a vibrant campus culture.
Additionally, the House Corp's commitment to pleasure, recreation, and educational activities aligns with its mission to cultivate lasting friendships and networking opportunities. These experiences are invaluable in developing life skills, leadership qualities, and a strong sense of belonging, all of which significantly impact the personal and professional lives of its members long after they graduate.
This information is meant to be a general summary of University Of Alabama Chapter Of Sigma Pi Fraternity House Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $78
- Program Service Revenue: $888,811
- Gross Receipts: $888,889
Assets and Liabilities:
- Total Assets: $2,756,841
- Total Liabilities: $2,406,639
- Net Assets: $350,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$463,313
MEALS
Revenue
$349,200
OTHER
Revenue
$56,598
BUILDING FUND
Revenue
$19,700
Organization Details
Founding Year
2009
Principal Officer
Eric Yaron
NTEE Category
Code: B83 - Education
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