ALPHA THETA CHAPTER OF SIGMA CHI INC

EIN: 042761368

Wellesley, MA

Total Revenue
$335,918
Total Expenses
$409,412
Total Assets
$2,795,897
Net Assets
$830,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MA
Principal Officer
Michael D DeLaus
Phone
7812357372
Tax Period
2024-09-01 to 2025-08-31

ALPHA THETA CHAPTER OF SIGMA CHI INC, founded in 1982, is a small nonprofit that reported $336K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $409K exceeded revenue, resulting in a 22% operating deficit.

Mission

To foster ties among members of Alpha Theta Chapter of Sigma Chi Fraternity and cultivate the high ideals of friendship, justice and learning upon which Sigma Chi was founded, to further the continued existence and well-being of Alpha Theta, a fraternity at the Massachusetts Institute of Technology, affiliated with the national Sigma Chi Fraternity, and to carry on activities, provide services and engage in transactions appropriate or incidental thereto. In furtherance of the Alpha Theta Chapter, to maintain and preserve the historic chapter house, a member of the nationally registered Back Bay Architectural District.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,822
Program Service Revenue $290,717
Investment Income $10,379
Other Revenue $0
TOTAL REVENUE $335,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $409,412
TOTAL EXPENSES $409,412

Year-over-Year Comparison

2024 2023 Change
Revenue $335,918 $276,841 +0.2%
Expenses $409,412 $396,750 +0.0%
Net Income $-73,494 $-119,909 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael D DeLaus President 3
Officer Director
$0 $0 $0
Joshua B Littlefield Treasurer 4
Officer Director
$0 $0 $0
Michael A Gibson Clerk 0.5
Officer Director
$0 $0 $0
Daniel R Craig Director 0.5
Director
$0 $0 $0
James G Wilber Director 0.25
Director
$0 $0 $0
Kurt Gerstner Director 0.25
Director
$0 $0 $0
Mark A Curtiss Director 0.25
Director
$0 $0 $0
Xunjun Cai Director 1
Director
$0 $0 $0
Bill Tsacoyeanes Director 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $335,918 $409,412 $2,795,897 $-73,494
2024 $276,841 $396,750 $2,944,741 $-119,909
2023 $322,333 $439,636 $3,133,072 $-117,303
2022 $300,361 $359,304 $3,308,657 $-58,943
2021 $284,692 $384,165 $3,450,561 $-99,473
2020 $335,183 $394,076 $3,606,721 $-58,893
2019 $739,695 $407,348 $3,729,241 $332,347
2018 $269,269 $415,328 $3,966,722 $-146,059
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