| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 6, Line 7a, Line 7b: | Sigma Chi International Fraternity, Inc's membership is comprised of men who are initiated into the organization, typically at the undergraduate collegiate level, and maintain full membership rights throughout their entire life. The Executive Committee is understood to act as the governing body of Sigma Chi International Fraternity, Inc. Key positions of the Executive Committee are voted on by delegates of each individual chapter (including alumni chapters). This Executive Committee election occurs biannually. The same membership body that elects the Executive Committee has the same power to overturn any decision made by the Executive Committee. |
| Form 990, Part VI, Section B, Line 11: | THE 990 IS FILED BY THE FRATERNITY. IT IS LATER MADE AVAILABLE FOR REVIEW BY THE BOARD OR ITS REPRESENTATIVE. |
| FORM 990, PART VI, SECTION B, LINE 15A & 15B: | The Compensation Committee of the Executive Committee (Board of Directors) was established the Winter of 2017. The Compensation Committee researched and studied comparability data regarding salaries and compensation of the Executive Director position in like and similar not-for-profit industries. The findings and recommendation of the Compensation Committee were presented to the Executive Committee shortly thereafter. The Compensation Committee is scheduled to meet and discuss the same topic no less than on an annual basis. |
| FORM 990, PART VI, SECTION B, LINE 12A-C: | A BOARD CODE OF CONDUCT POLICY WAS ADOPTED AND INCORPORATES CONFLICT OF INTEREST. THIS IS REVIEWED ANNUALLY WITH THE BOARD MEMBERS. |
| FORM 990, PART VI, SECTION C, LINE 19: | A BOARD CODE OF CONDUCT POLICY WAS ADOPTED AND INCORPORATES CONFLICT OF INTEREST. THIS IS REVIEWED ANNUALLY WITH THE BOARD MEMBERS. SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART XI, LINE 9: | Capital Contribution to Support Corporation: ($950,000) Distribution from Support Corporation: $163,000 Total Adjustments to Net Assets: ($787,000) - SEE ATTACHED SECTION 351 STATEMENT |
| FORM 990 PART IX LINE 11G | DESCRIPTION:ALUMNI & CHAPTER EXPANSION TOTAL FEES:32895 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:COMMUNICATION SERVICES TOTAL FEES:27197 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:IT SERVICES TOTAL FEES:581027 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:SUBSCRIPTIONS TOTAL FEES:42552 |
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