Overview
What is Sigma Chi Building Association Of Peoria?
Sigma Chi Building Association of Peoria is a nonprofit organization based in Edwards, Illinois, with an address at 7000 N Buckthorn Way. Its primary purpose is to provide undergraduate housing for the Sigma Chi Fraternity's Bradley University chapter members. The association owns and manages a property located at 1408 W Fredonia Ave, Peoria, IL, for which the undergraduate chapter pays rent and maintenance fees. The association's expenses primarily involve mortgage, insurance, and property maintenance costs. Established to serve the housing needs of Sigma Chi Fraternity members, it generates revenue from rental payments and alumni donations, supporting its mission.
Is Sigma Chi Building Association Of Peoria legitimate?
Sigma Chi Building Association Of Peoria is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sigma Chi Building Association Of Peoria 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.
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Professional Fundraising Fees: $5,650
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What is the mission statement of Sigma Chi Building Association Of Peoria?
The Sigma Chi Building Association of Peoria was established with the primary objective of securing and maintaining housing for the undergraduate members of the Sigma Chi Fraternity at an unspecified university. Their mission is fulfilled through revenue generation from rental payments by the undergraduate members and donations from the fraternity's alumni. These funds are utilized for the upkeep, insurance, and other necessary expenses related to the property owned by the association. The association's role is to provide a suitable living space for the fraternity members, ensuring their comfort and community while they pursue their academic and fraternal activities.
Who is the CEO of Sigma Chi Building Association Of Peoria?
Phil Brodeur is the President of Sigma Chi Building Association Of Peoria.
What is the revenue of Sigma Chi Building Association Of Peoria?
Sigma Chi Building Association Of Peoria's revenue in 2022 was $164,938.
Who are the executives of Sigma Chi Building Association Of Peoria and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Sigma Chi Building Association Of Peoria?
Sigma Chi Building Association Of Peoria's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sigma Chi Building Association Of Peoria
The Sigma Chi Building Association of Peoria was established with a specific purpose: to secure and preserve housing for the undergraduate members of the Sigma Chi Fraternity at Bradley University in Peoria. To achieve this mission, the association relies on rental payments from the fraternity members and donations from alumni. The primary expenditures of the association are aimed at maintaining, insuring, and covering other ownership costs related to the property owned by the association. This commitment ensures that the Sigma Chi Fraternity members at Bradley University have a suitable living environment during their undergraduate years.
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Impact
October, 2024
Sigma Chi Building Association of Peoria plays a vital role in supporting the undergraduate members of the Sigma Chi Fraternity at Bradley University by providing a dedicated housing facility. Located at 1408 W Fredonia Ave in Peoria, IL, this organization ensures that fraternity members have a safe and conducive environment for their academic and social development.
By managing and operating the property, the association facilitates a sense of community and brotherhood among members, which is crucial for their college experience. The revenues generated from rent and maintenance, as well as alumni donations, directly contribute to the upkeep and improvement of the housing facility, ensuring that it remains a desirable living space.
The association's financial management allows the chapter to focus on its educational and social activities without the burden of property-related concerns. The consistent maintenance and operational commitment of the Sigma Chi Building Association help cultivate a thriving fraternity culture that enriches the lives of its members during their time at Bradley University.
This information is meant to be a general summary of Sigma Chi Building Association Of Peoria. 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 2022.
- Program Service Revenue: $98,377
- Gross Receipts: $164,938
Assets and Liabilities:
- Total Assets: $1,698,400
- Total Liabilities: $138,598
- Net Assets: $1,559,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
1408 W Fredonia / Rental income (program)
Revenue
$98,377
Organization Details
Founding Year
1949
Phone
(630) 730-4676Principal Officer
Phil Brodeur
Main Address
7000 N Buckthorn Way, Edwards, IL, 61528
NTEE Category
Code: B83 - Education
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