Sigma Gamma Rho Sorority, Inc. is a tax-exempt organization recognized under Section 501(c)(7) of the Internal Revenue Code, managed by the Internal Revenue Service (IRS). All regions and chapters share in the Sorority's tax-exempt status under its group exemption.
A tax-exempt organization must file an annual information return or notice with the IRS, unless an exception applies. Annual information returns include Form 990 and Form 990-EZ. Form 990-N is an annual notice. The form which is required will depend on the amount of gross receipts collected by a tax-exempt organization per year:
| Status | Form to File |
| Gross receipts normally ≤ $50,000 | 990-N |
Gross receipts < $200,000, and Total assets < $500,000 | 990-EZ or 990 |
Gross receipts ≥ $200,000, or Total assets ≥ $500,000 | 990 |
These forms are the IRS' primary tools for gathering information about tax-exempt organizations, educating organizations about tax law requirements and promoting compliance. Organizations also use the Form 990 to share information with the public about their programs.
For more information regarding Form 990, Form 990-EZ, or Form 990-N, please visit the IRS website at: https://www.irs.gov/charities-non-profits/required-filing-form-990-series.