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Nonprofiteer
← SIGMA ALPHA IOTA PHILANTHROPIES INC

Form 990 for tax year 2023

Filed by SIGMA ALPHA IOTA PHILANTHROPIES INC.

Totals

Total revenue
$780,053
Total expenses
$378,283
Contributions and grants received
$238,980
Grants paid
$113,152
Program service revenue
$275
Investment income
$492,989
Other revenue
$47,809
Total assets, end of year
$6,153,839
Total liabilities, end of year
$34,473
Net assets or fund balances, end of year
$6,119,366
Program services expenses (Part IX)
$252,252
Management and general expenses
$126,031
Fundraising expenses
$0
Program service expenses (Part III)
$252,252

Program services were 66.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1c · Fundraising events

    $40,000

  • 1f · All other contributions, gifts and grants

    $198,980

  • 2a · Program service revenue: SUBSCRIPTIONS

    total $275 · related or exempt $275

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $147,182 · excluded $147,182

  • 6a · Gross rents

    real property $47,750

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $47,750 · personal property $0

  • 6d · Net rental income or loss

    total $47,750 · related or exempt $47,750

  • 7a · Gross sales of assets other than inventory

    securities $345,807

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

    securities $0

  • 7c · Gain or loss

    securities $345,807 · other assets $0

  • 7d · Net gain or loss

    total $345,807 · excluded $345,807

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $59 · related or exempt $59

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $59

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $104,550 · program services $104,550

  • 3 · Grants to foreign organizations and individuals

    total $8,602 · program services $8,602

  • 5 · Compensation of officers, directors and key employees

    total $4,400 · management and general $4,400

  • 11b · Fees: legal

    total $306 · management and general $306

  • 11c · Fees: accounting

    total $26,293 · management and general $26,293

  • 11f · Fees: investment management

    total $33,651 · management and general $33,651

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $12,093 · program services $12,093

  • 16 · Occupancy

    total $19,989 · management and general $19,989

  • 19 · Conferences, conventions and meetings

    total $6,984 · management and general $6,984

  • 22 · Depreciation, depletion and amortization

    total $17,283 · management and general $17,283

  • 23 · Insurance

    total $17,125 · management and general $17,125

  • 24a · Other expenses: PUBLICATION AND LITERARY

    total $74,960 · program services $74,960

  • 24b · Other expenses: PHILANTHROPIES SUPPORT

    total $33,000 · program services $33,000

  • 24c · Other expenses: PROJECT EXPENSE

    total $18,589 · program services $18,589

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $458 · program services $458

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $632,356 · end of year $509,981

  • 4 · Accounts receivable

    beginning of year $360 · end of year $237

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,076 · end of year $2,525

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

    $1,385,833

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

    $675,559

  • 10c · Land, buildings and equipment, net

    beginning of year $727,556 · end of year $710,274

  • 11 · Investments: publicly traded securities

    beginning of year $4,341,906 · end of year $4,930,689

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $442 · end of year $133

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,191 · end of year $34,473

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $495 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,662,010 · end of year $6,119,366

Mission and programs · 2023

Mission

TO ADVANCE ALL PHASES OF MUSIC AND TO RAISE STANDARDS OF MUSIC

  • THE ORGANIZATION PROVIDES SCHOLARSHIPS AND GRANTS TO PROMOTE MUSICAL DEVELOPMENT AND GROWTH AMONG MUSICAL STUDENTS.

    Expenses $177,292 · Grants $113,152 · Revenue $48,084

  • THE ORGANIZATION PUBLISHES A JOURNAL,"PAN PIPES", WHICH FACILITATES COMMUNICATION AND AWARENESS AMONG STUDENTS OF MUSIC.

    Expenses $74,960

As filed on the 2023 return.

Listed in Part VII

  • Christin Vare

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Susan Christopher

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5

  • Tamara Shoemaker

    Treasurer

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tracey Wygal Withrow

    Chairman

    Total calculated
    $3,200
    From this org
    $3,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 15 related

  • Ayanna-Mone' Arnold

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jessica Chichester

    SAI President

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    2 + 35 related

  • Keri Richburg

    Ex Officio

    Total calculated
    $1,500
    From this org
    $0
    From related orgs
    $1,500
    Other
    $0
    Hours/week
    2 + 20 related

  • Leslie Hoggatt

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ruth Sieber Johnson

    Ex Officio

    Total calculated
    $81,843
    From this org
    $0
    From related orgs
    $81,843
    Other
    $0
    Hours/week
    10 + 50 related

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202531289349302318

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