Nonprofit · EIN 37-1730014
NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $962,888 | $968,973 | -$6,085 | $5,408,285 | $2,829,442 | $2,578,843 |
| December 31, 2023 | 990 | $816,775 | $865,828 | -$49,053 | $5,414,371 | $3,040,599 | $2,373,772 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $959,251
- Investment income
- $3,637
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $968,973
Balance sheet and other
- Total assets, start of year
- $5,414,371
- Total assets, end of year
- $5,408,285
- Total liabilities, end of year
- $2,829,442
- Net assets, end of year
- $2,578,843
- Land, buildings and equipment
- $5,154,281
- Net assets without donor restrictions
- $2,578,844
- Gross receipts
- $962,888
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1949
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Frost | AVC Treasurer Officer | 5 | $0 |
| Kerrick Wilson | AVC President Officer | 5 | $0 |
| Tolly Spence | Assistant AVC Treasurer Trustee or director | 2 | $0 |
| Grant Buttram | AVC Board Member Trustee or director | 1 | $0 |
| Kwaapo Sam | AVC Board Member Trustee or director | 1 | $0 |
| Todd Goodwin | AVC Chapter Counselor Officer | 1 | $0 |
| William Gallimore | AVC VP of Housing Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Frost | AVC Treasurer Officer | 5 | $0 |
| Kerrick Wilson | AVC President Officer | 5 | $0 |
| Tolly Spence | Assistant AVC Treasurer Trustee or director | 2 | $0 |
| Grant Buttram | AVC Board Member Trustee or director | 1 | $0 |
| Kwaapo Sam | AVC Board Member Trustee or director | 1 | $0 |
| Todd Goodwin | AVC Chapter Counselor Officer | 1 | $0 |
| William Gallimore | AVC VP of Housing Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12026, RALEIGH, NC 27605-2026
- In care of
- % STEVEN FROST
- Principal officer (990 for 2024)
- Steven Frost, PO BOX 12026, RALEIGH, NC 276052026
- Signed the 990
- Steven Frost, AVC Treasurer
- Phone
- (919) 619-3199
Mission
Provide undergraduate residential living and learning community for members of Sigma Phi Epsilon North Carolina Beta Chapter at North Carolina State University. We built a chapter house on NCSU University land that houses 45 people and 1 full-time House Director who is employed by the University. We also provide a full meal plan for residents and out-of-house members throughout the school year.
Program accomplishments
- Meal Plan for undergraduate members paid to Gill Grilling Company. Meal plan consists of 3 meals day x 5 days a week at a minimum for all in-house members. Out-of-house members of approximately 70 members dine for dinners only but are offered an option to opt into the full meal plan if they so choose.Expenses $223,629
- Undergraduate operations events philanthropy insurance dues.Expenses $158,828
- Mortgage debt service on over $3 million loan to construct chapter house.Expenses $360,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1730014
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S82)
- Assets (IRS master file)
- $5,408,285
- Income (IRS master file)
- $962,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $962,888 | $968,973 | $5,408,285 | IRS |
| 990 | December 2023 | $816,775 | $865,828 | $5,414,371 | XML |
| 990 | December 2022 | $842,167 | $790,510 | $5,463,424 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1730014).
Questions about NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI
- What is the EIN of NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI?
- The employer identification number (EIN) of NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI is 37-1730014.
- Is NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2014.
- Are donations to NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI?
- The 990 for the year ended December 31, 2024 names Steven Frost.
- Who are the officers and directors of NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA BETA ALUMNI AND VOLUNTEER CORPORATION OF SIGMA PHI have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $962,888, expenses of $968,973 and total assets of $5,408,285 at year end.
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