Overview
What is Michigan Sigma Phi Inc?
Michigan Sigma Phi Inc. functions as an alumni association, supporting past and future initiates of the Sigma Phi fraternity at the University of Michigan, Ann Arbor. Their mission encompasses maintaining the undergraduate chapter, providing guidance, and fostering fraternity, scholarship, leadership, moral standards, and recreation among members. In 2010, the organization received a $1,000,000 bequest from a Sigma Phi alumnus, which is dedicated to the upkeep and improvements of the fraternity house. The income generated from this investment serves this purpose.
Is Michigan Sigma Phi Inc legitimate?
Michigan Sigma Phi Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Michigan Sigma Phi Inc 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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What is the mission statement of Michigan Sigma Phi Inc?
Michigan Sigma Phi Inc serves as an alumni association for all past and future initiates of the local chapters of Sigma Phi Fraternity at various institutions. Its primary goal is to maintain and support the undergraduate chapter of Sigma Phi at the University of Michigan, Ann Arbor. The organization offers guidance and assistance to the local chapter, fostering fraternity, scholarship, leadership, high moral standards, and recreation among its members. In 2010, Michigan Sigma Phi Inc received a significant bequest of $1,000,000, which is dedicated specifically to maintaining, upkeeping, and improving the fraternity house for future generations. The investment income derived from this bequest contributes to these improvements.
Who is the CEO of Michigan Sigma Phi Inc?
Theodore Zangoulas is the President of Michigan Sigma Phi Inc.
What is the revenue of Michigan Sigma Phi Inc?
Michigan Sigma Phi Inc's revenue in 2022 was -$47,214.
Who are the executives of Michigan Sigma Phi Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Michigan Sigma Phi Inc?
Michigan Sigma Phi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Michigan Sigma Phi Inc
Michigan Sigma Phi Inc serves as an alumni association for past and future initiates of Sigma Phi Fraternity at the University of Michigan, Ann Arbor. Its primary mission is to maintain, guide, and assist the undergraduate chapter of Sigma Phi at the same university, fostering fraternity, scholarship, leadership, high moral standards, and recreation among its members. In line with the principles and traditions of Sigma Phi Fraternity, Michigan Sigma Phi Inc strives to uphold these values among its members and all members of the fraternity.
In 2010, the organization received a significant boost with a $1,000,000 bequest from an alumnus of Sigma Phi. The funds, along with the income they generate, are specifically earmarked for the maintenance, upkeep, and improvements of the fraternity house. This bequest ensures that the organization can continue to provide a welcoming and well-maintained environment for future generations of Sigma Phi members. By focusing on the upkeep of the fraternity house, Michigan Sigma Phi Inc demonstrates its commitment to preserving the legacy and traditions of Sigma Phi Fraternity for years to come.
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Impact
October, 2024
Michigan Sigma Phi Inc significantly contributes to the University of Michigan community by fostering a strong network among its members and enhancing the overall fraternity experience. It serves as a vital alumni association, connecting past and future initiates of Sigma Phi, which helps sustain lifelong relationships and mentorship opportunities.
The organization plays a crucial role in maintaining the undergraduate chapter of Sigma Phi, ensuring that current students benefit from a supportive environment that promotes scholarship, leadership, and high moral standards. By guiding and assisting the local chapter, Michigan Sigma Phi helps cultivate a culture of excellence within the fraternity.
A notable impact comes from a generous bequest of $1,000,000, which was designated for the upkeep, maintenance, and improvements of the fraternity house. This financial foundation not only preserves the physical space for future generations but also strengthens the legacy of Sigma Phi at the University of Michigan, creating a lasting connection for alumni and current members alike.
The emphasis on fraternity, scholarship, leadership, and community enhances the personal and professional development of its members, equipping them with the values and skills needed to succeed beyond their college years. Through these initiatives, Michigan Sigma Phi Inc leaves a profound and enduring impact on its members and the broader university community.
This information is meant to be a general summary of Michigan Sigma Phi Inc. 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.
- Investment Income: $48,035
- Gross Receipts: $182,300
Assets and Liabilities:
- Total Assets: $1,205,907
- Total Liabilities: $4,738
- Net Assets: $1,201,169
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Organization Details
Founding Year
2010
Phone
(989) 619-2185Principal Officer
Theodore Zangoulas
Main Address
3550 N LAKE SHORE DRIVE 1711, CHICAGO, IL, 60657
NTEE Category
Code: B83 - Education
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