Overview
What is Ucsb Sigma Chi House Corp?
Ucsb Sigma Chi House Corp is a nonprofit organization, established as a mutual benefit corporation, located at 200 E Carrillo Street 300, Santa Barbara, CA 93101-7141. Its primary mission is to serve as the title holder for real property used as a chapter residence for student members of the Sigma Chi Corporation at the University of California, Santa Barbara. The organization collects rental income from this property and subsequently transfers the net earnings to Sigma Chi Corporation, a tax-exempt organization. Currently, the Sigma Chi fraternity chapter is temporarily suspended, and the corporation is renting out the property to other university students. Ucsb Sigma Chi House Corp's purpose is to support the Sigma Chi Corporation by providing a chapter house and managing rental income related to the property.
Is Ucsb Sigma Chi House Corp legitimate?
Ucsb Sigma Chi House Corp is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ucsb Sigma Chi 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: $0
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What is the mission statement of Ucsb Sigma Chi House Corp?
The UC Santa Barbara Sigma Chi House Corp serves as a nonprofit entity, primarily to manage the property used as a residence for student members of the Sigma Chi fraternity at the University of California, Santa Barbara. The organization collects rental income from this property and subsequently transfers the net earnings, after covering expenses, to the Sigma Chi Fraternity, an organization with tax-exempt status. Currently, as the Sigma Chi chapter is temporarily suspended, the corporation rents out the property to other students. The primary objective of the UC Santa Barbara Sigma Chi House Corp is to support the Sigma Chi Fraternity financially, utilizing the property as a source of income.
Who is the CEO of Ucsb Sigma Chi House Corp?
Francois Dejohn is the President of Ucsb Sigma Chi House Corp.
What is the revenue of Ucsb Sigma Chi House Corp?
Ucsb Sigma Chi House Corp's revenue in 2022 was $178,740.
Who are the executives of Ucsb Sigma Chi House Corp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Ucsb Sigma Chi House Corp?
Ucsb Sigma Chi House Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ucsb Sigma Chi House Corp
UCsb Sigma Chi House Corp is a nonprofit mutual benefit corporation with a specific purpose. Its primary mission is to hold title to a property used as a chapter residence for student members of the Sigma Chi Fraternity at the University of California, Santa Barbara. The organization collects rental income from this property and, after covering expenses, transfers the remaining amount to Sigma Chi Fraternity, an exempt organization under Section 501 of the Internal Revenue Code of 1986. Currently, the Sigma Chi Fraternity chapter is temporarily suspended, and in the meantime, UCsb Sigma Chi House Corp rents the property to other students. The organization's objective is to maintain the property and manage its income, ultimately benefiting Sigma Chi Fraternity.
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Impact
October, 2024
UCSB Sigma Chi House Corp has a significant impact on the student community at the University of California, Santa Barbara. By managing property specifically designated for student housing, it provides critical accommodations to 27 students pursuing their education. This not only alleviates the housing burden for students in an area where finding affordable housing can be challenging, but it also fosters a sense of community and belonging among its residents.
The organization collects rental income from these properties, which is then reinvested into the fraternity and its activities, enhancing the experience of current members and supporting alumni initiatives. Even with the temporary suspension of the Sigma Chi chapter, UCSB Sigma Chi House Corp maintains its commitment to student welfare by utilizing the property for other students, ensuring that the resources continue to promote academic success and social engagement.
Moreover, the managerial role of UCSB Sigma Chi House Corp in overseeing property and income allows for a structured and stable housing environment, offering students not just a place to live but also a platform for building lifelong connections and leadership skills that are essential for personal and professional growth. By prioritizing these aspects, the organization plays a pivotal role in enriching the overall educational experience at UCSB.
This information is meant to be a general summary of Ucsb Sigma Chi 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 2022.
- Investment Income: $919
- Gross Receipts: $620,679
Assets and Liabilities:
- Total Assets: $1,429,603
- Total Liabilities: $502,642
- Net Assets: $926,961
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Organization Details
Founding Year
1962
Phone
(805) 895-1694Principal Officer
Francois Dejohn
Main Address
200 E CARRILLO STREET 300, SANTA BARBARA, CA, 931017141
NTEE Category
Code: B83 - Education
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