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Nonprofiteer
← SIGMA NU FRATERNITY INC

Form 990 for tax year 2022

Filed by SIGMA NU FRATERNITY INC.

Totals

Total revenue
$6,291,872
Total expenses
$5,989,304
Contributions and grants received
$2,220,083
Grants paid
$0
Program service revenue
$289,306
Investment income
$125,690
Other revenue
$3,656,793
Total assets, end of year
$10,968,372
Total liabilities, end of year
$2,625,304
Net assets or fund balances, end of year
$8,343,068
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$3,499,560

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,220,083

  • 2a · Program service revenue: CONCLAVE REVENUE

    total $289,306 · related or exempt $289,306

  • 3 · Investment income

    total $111,283 · unrelated business $95,335 · excluded $15,948

  • 5 · Royalties

    total $93,329 · unrelated business $93,329

  • 6a · Gross rents

    real property $182,814

  • 6b · Less rental expenses

    real property $305,627

  • 6c · Rental income or loss

    real property -$122,813

  • 6d · Net rental income or loss

    total -$122,813 · excluded -$122,813

  • 7a · Gross sales of assets other than inventory

    securities $14,407

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $14,407

  • 7d · Net gain or loss

    total $14,407 · unrelated business $14,407

  • 10a · Gross sales of inventory

    $12,344

  • 10b · Cost of goods sold

    $4,383

  • 10c · Net income from sales of inventory

    total $7,961 · related or exempt $7,961

  • 11a · Other revenue: RISK REDUCTION

    total $3,124,018 · related or exempt $3,124,018

  • 11b · Other revenue: OTHER INCOME

    total $372,004 · related or exempt $372,004

  • 11c · Other revenue: GAIN ON INVESTMENT OF FRMT

    total $180,719 · excluded $180,719

  • 11d · All other revenue

    total $1,575 · related or exempt $1,575

  • 11e · Other revenue, total

    $3,678,316

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,516,423

  • 8 · Pension plan contributions

    total $58,524

  • 9 · Other employee benefits

    total $153,595

  • 10 · Payroll taxes

    total $143,039

  • 11b · Fees: legal

    total $107,944

  • 11c · Fees: accounting

    total $16,000

  • 11f · Fees: investment management

    total $35,534

  • 11g · Fees: other

    total $293,191

  • 12 · Advertising and promotion

    total $6,597

  • 13 · Office expenses

    total $26,631

  • 16 · Occupancy

    total $234,828

  • 17 · Travel

    total $627,379

  • 22 · Depreciation, depletion and amortization

    total $84,365

  • 23 · Insurance

    total $1,470,590

  • 24a · Other expenses: BAD DEBT

    total $513,120

  • 24b · Other expenses: UNDERWRITING CONTINGENC

    total $280,534

  • 24c · Other expenses: MEMBERSHIP MATERIALS

    total $152,480

  • 24d · Other expenses: GIFTS, AWARDS & CONTRIB

    total $109,960

  • 24e · All other expenses

    total $158,570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,230,234 · end of year $2,556,897

  • 2 · Savings and temporary cash investments

    beginning of year $582,671 · end of year $582,729

  • 4 · Accounts receivable

    beginning of year $520,974 · end of year $620,875

  • 7 · Other notes and loans receivable

    beginning of year $420,015 · end of year $429,133

  • 8 · Inventories for sale or use

    beginning of year $125,886 · end of year $116,004

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,251,167 · end of year $1,362,731

  • 10a · Land, buildings and equipment: cost or other basis

    $570,359

  • 10b · Land, buildings and equipment: accumulated depreciation

    $351,343

  • 10c · Land, buildings and equipment, net

    beginning of year $301,237 · end of year $219,016

  • 11 · Investments: publicly traded securities

    beginning of year $3,880,609 · end of year $4,335,460

  • 14 · Intangible assets

    beginning of year $17,046 · end of year $14,733

  • 15 · Other assets

    beginning of year $596,549 · end of year $730,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $215,389 · end of year $359,023

  • 19 · Deferred revenue

    beginning of year $606,770 · end of year $836,989

  • 23 · Secured mortgages and notes payable

    beginning of year $113,917 · end of year $104,563

  • 25 · Other liabilities

    beginning of year $1,137,671 · end of year $1,324,729

  • 27 · Net assets without donor restrictions

    beginning of year $7,852,641 · end of year $8,343,068

Mission and programs · 2022

Mission

TO DEVELOP ETHICAL LEADERS INSPIRED BY THE PRINCIPLES OF LOVE, HONOR AND TRUTH. TO FOSTER THE PERSONAL GROWTH OF EACH MAN'S MIND, HEART AND CHARACTER. TO PERPETUATE LIFELONG FRIENDSHIPS AND COMMITMENT TO THE FRATERNITY.

Activities or mission (Part I)

TO DEVELOP ETHICAL LEADERS FOR SOCIETY THROUGH THE PERSONAL DEVELOPMENT OF MEMBERS.

  • RISK REDUCTION PROGRAM IS ESTABLISHED TO PROVIDE INSURANCE PROTECTION FOR UNDERGRADUATE AND VOLUNTEER ALUMNI MEMBERS WHO ASSIST IN THE EDUCATIONAL DEVELOPMENT OF THE UNDERGRADUATE MEMBERS AT THE CAMPUS LOCATIONS. INSURANCE PREMIUMS CHARGED TO CHAPTERS ARE USED TO PURCHASE THE LIABILITY INSURANCE PROTECTION AND RELATED COSTS OF REDUCING FUTURE RISK LIABILITY.

    Expenses $2,904,627

  • COLLEGIATE HOUSING AND REAL ESTATE SERVICES PROVIDE HOUSING FOR UNDERGRADUATE MEMBERS, SERVICES TO LOCAL CHAPTERS AND HOUSE CORPORATIONS AND EXPERTISE IN REAL ESTATE MANAGEMENT AND TRANSACTIONS.

    Expenses $305,627

  • CONCLAVES EXPENSE IS FOR HOSTING GRAND CHAPTER, WHICH IS A BIANNUAL LEGISLATIVE AND EDUCATIONAL CONVENTION ATTENDED BY COLLEGIATE AND ALUMNI MEMBERS.

    Expenses $289,306

As filed on the 2022 return.

Listed in Part VII

  • Timothy C Huffmyer

    REGENT

    Total calculated
    $0
    Hours/week
    5

  • Maury D Gaston

    REGENT-ELECT

    Total calculated
    $0
    Hours/week
    5

  • Albert W Wurster

    GRAND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Shon M Christy

    VICE REGENT

    Total calculated
    $0
    Hours/week
    5

  • David J Glassman

    VICE REGENT

    Total calculated
    $0
    Hours/week
    5

  • Jason M Lyons

    VICE REGENT

    Total calculated
    $0
    Hours/week
    5

  • Stephen E Ratterman

    VICE REGENT

    Total calculated
    $0
    Hours/week
    5

  • Caleb A Covarrubias

    COLLEGIATE GRAND COUNCILMA

    Total calculated
    $0
    Hours/week
    5

  • Emilio D Ferrara

    COLLEGIATE GRAND COUNCILMA

    Total calculated
    $0
    Hours/week
    5

  • Andrew P Kalthoff

    COLLEGIATE GRAND COUNCILMA

    Total calculated
    $0
    Hours/week
    5

  • Noah G Frank

    COLLEGIATE GRAND COUNCILMA

    Total calculated
    $0
    Hours/week
    5

  • R Bradley Beacham

    EXECUTIVE DIRECTOR

    Total calculated
    $377,082
    From this org
    $365,089
    From related orgs
    $0
    Other
    $11,993
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $303,821
    Bonus
    $61,268
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,993
    Filer's total
    $377,082

  • Nicholas L Murphy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $195,195
    From this org
    $193,502
    From related orgs
    $0
    Other
    $1,693
    Hours/week
    35 + 25 related

    Schedule J breakdown matched by us

    Base
    $175,968
    Bonus
    $17,534
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,693
    Filer's total
    $195,195

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FIFTH POINT PROPERTIES LLC

    RENTAL REAL ESTATE · IN · income -$94,760 · assets $1,325,868

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349310372

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