Overview
What is Purdue Sigma Chi Future Fund Inc?
Purdue Sigma Chi Future Fund Inc is a nonprofit organization situated in Glen Ellyn, Illinois. Its primary focus is on supporting and organizing social events and activities for alumni and current members of the Sigma Chi chapter at Purdue University. The organization also invests excess funds solely for future use, earmarking them for capital and educational improvements to the chapter house. The investment income generated is reinvested and set aside for future educational enhancements of the residence. The mission of Purdue Sigma Chi Future Fund Inc is to foster camaraderie among its alumni and members through recreational activities while ensuring the long-term maintenance and improvement of the chapter house.
Is Purdue Sigma Chi Future Fund Inc legitimate?
Purdue Sigma Chi Future Fund Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Purdue Sigma Chi Future Fund 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 Purdue Sigma Chi Future Fund Inc?
Purdue Sigma Chi Future Fund Inc is an organization dedicated to supporting and enhancing the social and recreational activities of its alumni and members associated with the Sigma Chi chapter house. The primary objective is to invest any excess funds solely for future use, specifically for capital and educational improvements to the chapter house. The investment income generated is then reinvested and set aside for future educational upgrades of the house. This strategy ensures the continued growth and improvement of the chapter house for its members.
Who is the CEO of Purdue Sigma Chi Future Fund Inc?
Chris Horney is the Board Member of Purdue Sigma Chi Future Fund Inc.
What is the revenue of Purdue Sigma Chi Future Fund Inc?
Purdue Sigma Chi Future Fund Inc's revenue in 2022 was $132,062.
Who are the executives of Purdue Sigma Chi Future Fund Inc 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 Purdue Sigma Chi Future Fund Inc?
Purdue Sigma Chi Future Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Purdue Sigma Chi Future Fund Inc
Purdue Sigma Chi Future Fund Inc has a mission to support and provide social and recreational activities for the alumni and members of the Sigma Chi chapter house at Purdue. Beyond this, the organization invests any excess funds solely and exclusively for future use by the chapter house, primarily for capital and educational improvements. The investment income earned is then reinvested and set aside for future educational enhancements of the house. In essence, Purdue Sigma Chi Future Fund Inc serves to enhance the living and learning experiences of its members, ensuring the chapter house remains a vibrant and improved space for generations to come.
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Impact
October, 2024
Purdue Sigma Chi Future Fund Inc plays a significant role in fostering community and support among alumni and current members of the Sigma Chi chapter at Purdue University. By sponsoring social and recreational activities, the organization creates opportunities for bonding and networking, enriching the experience for both past and present members.
Additionally, the Fund is committed to the long-term sustainability and improvement of the chapter house. Through the strategic investment of excess funds, it ensures that resources are available for essential capital and educational enhancements. The reinvestment of earned income supports ongoing maintenance, repairs, and renovations, which ultimately enhances the living and learning environment for members.
Overall, the organization's impact is reflected in the strengthened connections among individuals, the preservation and improvement of the chapter house, and the commitment to providing future educational opportunities for its members.
This information is meant to be a general summary of Purdue Sigma Chi Future Fund 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: $33,924
- Gross Receipts: $153,831
Assets and Liabilities:
- Total Assets: $1,383,676
- Total Liabilities: $0
- Net Assets: $1,383,676
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Organization Details
Founding Year
2018
Phone
(248) 721-7927Principal Officer
Chris Horney
Main Address
694 HIGHLAND AVENUE, GLEN ELLYN, IL, 60137
NTEE Category
Code: Y40 - Mutual benefit
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