Finances

  1. In alignment with NIC Standards, the IFC must pay annual dues and fees to the NIC, due September 30 of each year. This mirrors the dues programs of other councils, funds NIC support and resources for the IFC, and creates a connection to the broader fraternity community.
  2. Dues are invoiced by the NIC and calculated using set rates or NIC member chapters and non-NIC member chapters. This is a cost-sharing measure, since NIC inter/national organizations subsidize industry-wide support and advocacy efforts at a far greater per-chapter rate. The IFC may purchase a Campus Support Package, which includes IFC dues and provides additional support resources and educational opportunities for the council and fraternity/sorority community.
  3. The IFC will adopt an annual budget.
  4. The IFC will file an annual IRS Form 990.