North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi
EIN: 371730014 · Raleigh, NC · NTEE: S82
| Metric | Value |
|---|---|
| Total Revenue | $963K |
| Total Expenses | $866K |
| Net Assets | $2.4M |
Is North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi (EIN: 371730014) is a nonprofit organization based in Raleigh, NC, classified under NTEE code S82. The organization reported total revenue of $963K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 34.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $817K |
| Total Expenses | $866K |
| Surplus / Deficit | $-49,053 |
| Total Assets | $5.4M |
| Total Liabilities | $3.0M |
| Net Assets | $2.4M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 75.0 months |
Financial Health Grade: C
In 2023, North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi reported a deficit of $49K with expenses exceeding revenue, holds 75.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi's revenue has grown at a compound annual growth rate (CAGR) of 34.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +9.5% | -0.9% |
| 2022 | +43.7% | +19.7% | +3.0% |
| 2021 | -0.6% | +61.2% | -1.6% |
| 2020 | -16.8% | -41.8% | +1.7% |
| 2019 | +106.1% | +187.6% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.2%.
Frequently Asked Questions about North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi
Is North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi a legitimate charity?
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi (EIN: 371730014) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $963K. No red flags identified. Financial health grade: C.
How does North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi spend its money?
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi reported $963K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi tax-deductible?
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi is registered as a tax-exempt nonprofit (EIN: 371730014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi located?
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi is headquartered in Raleigh, North Carolina and files with the IRS under EIN 371730014. It is classified under NTEE code S82.
How many years of IRS 990 filings does North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi have?
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $963K in total revenue.
Filing History
IRS 990 filing history for North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi's revenue has grown by 1812.1%, moving from $43K to $817K. Total assets increased by 12761.3% over the same period, from $42K to $5.4M. Total functional expenses rose by 140001.6%, from $618 to $866K. In its most recent filing year (2023), North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi reported a deficit of $49K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $5.4M in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $817K | $866K | $5.4M | $3.0M | — | View 990 |
| 2022 | $842K | $791K | $5.5M | $3.2M | — | View 990 |
| 2021 | $586K | $661K | $5.3M | $3.3M | — | View 990 |
| 2020 | $590K | $410K | $5.4M | $3.3M | — | — |
| 2019 | $709K | $705K | $5.3M | $3.4M | — | View 990 |
| 2018 | $344K | $245K | $5.3M | $3.6M | — | View 990 |
| 2017 | $89K | $245K | $279K | $0 | — | View 990 |
| 2016 | $194K | $13K | $435K | $0 | — | View 990 |
| 2015 | $103K | $57K | $254K | $0 | — | View 990 |
| 2014 | $166K | $0 | $208K | $36K | — | View 990 |
| 2013 | $43K | $618 | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $817K, expenses of $866K, and assets of $5.4M (revenue -3.0% year-over-year).
- 2022: Revenue of $842K, expenses of $791K, and assets of $5.5M (revenue +43.7% year-over-year).
- 2021: Revenue of $586K, expenses of $661K, and assets of $5.3M (revenue -0.6% year-over-year).
- 2020: Revenue of $590K, expenses of $410K, and assets of $5.4M (revenue -16.8% year-over-year).
- 2019: Revenue of $709K, expenses of $705K, and assets of $5.3M (revenue +106.1% year-over-year).
- 2018: Revenue of $344K, expenses of $245K, and assets of $5.3M (revenue +288.3% year-over-year).
- 2017: Revenue of $89K, expenses of $245K, and assets of $279K (revenue -54.4% year-over-year).
- 2016: Revenue of $194K, expenses of $13K, and assets of $435K (revenue +88.8% year-over-year).
- 2015: Revenue of $103K, expenses of $57K, and assets of $254K (revenue -37.9% year-over-year).
- 2014: Revenue of $166K, expenses of $0, and assets of $208K (revenue +288.0% year-over-year).
- 2013: Revenue of $43K, expenses of $618, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi:
Data Sources and Methodology
This transparency report for North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.