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← SIGMA ALPHA MU FRATERNITY INC

Form 990 for tax year 2024

Filed by SIGMA ALPHA MU FRATERNITY INC.

Totals

Total revenue
$2,538,919
Total expenses
$2,064,482
Contributions and grants received
$94,419
Grants paid
$77,763
Program service revenue
$2,044,420
Investment income
$388,807
Other revenue
$11,273
Total assets, end of year
$9,471,642
Total liabilities, end of year
$4,979,721
Net assets or fund balances, end of year
$4,491,921
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1f · All other contributions, gifts and grants

    $94,419

  • 2a · Program service revenue: Membership Fees

    total $603,045 · related or exempt $603,045

  • 2b · Program service revenue: Program Income from Favor

    total $116,960 · related or exempt $116,960

  • 2c · Program service revenue: Convention Income

    total $197,079 · related or exempt $197,079

  • 2d · Program service revenue: Risk Management Income

    total $645,666 · related or exempt $645,666

  • 2e · Program service revenue: Property Management Fees

    total $339,214 · related or exempt $339,214

  • 2f · All other program service revenue

    total $142,456 · related or exempt $142,456 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $41,572 · unrelated business $41,572

  • 5 · Royalties

    total $11,273 · unrelated business $11,273

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,101,901

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

    securities $8,754,666

  • 7c · Gain or loss

    securities $347,235 · other assets $0

  • 7d · Net gain or loss

    total $347,235 · unrelated business $347,235

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $77,763

  • 5 · Compensation of officers, directors and key employees

    total $197,719

  • 7 · Other salaries and wages

    total $556,820

  • 8 · Pension plan contributions

    total $12,956

  • 9 · Other employee benefits

    total $68,055

  • 10 · Payroll taxes

    total $60,136

  • 11b · Fees: legal

    total $11,431

  • 11c · Fees: accounting

    total $34,962

  • 11f · Fees: investment management

    total $20,539

  • 11g · Fees: other

    total $5,569

  • 12 · Advertising and promotion

    total $23,592

  • 14 · Information technology

    total $37,981

  • 16 · Occupancy

    total $116,166

  • 17 · Travel

    total $34,242

  • 19 · Conferences, conventions and meetings

    total $180,382

  • 20 · Interest

    total $16,426

  • 22 · Depreciation, depletion and amortization

    total $1,596

  • 23 · Insurance

    total $343,091

  • 24a · Other expenses: Educational Programs

    total $111,971

  • 24b · Other expenses: Bad Debt

    total $37,901

  • 24c · Other expenses: Other Expenses

    total $13,802

  • 24d · Other expenses: Supplies and Maintenance

    total $44,288

  • 24e · All other expenses

    total $57,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $271,690 · end of year $643,903

  • 2 · Savings and temporary cash investments

    beginning of year $400,882 · end of year $18,197

  • 4 · Accounts receivable

    beginning of year $80,171 · end of year $309,569

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,862,226 · end of year $1,997,803

  • 8 · Inventories for sale or use

    beginning of year $28,273 · end of year $11,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,409 · end of year $85,749

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

    $55,553

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

    $52,892

  • 10c · Land, buildings and equipment, net

    beginning of year $4,257 · end of year $2,661

  • 11 · Investments: publicly traded securities

    beginning of year $5,014,652 · end of year $4,873,897

  • 12 · Investments: other securities

    beginning of year $646,143 · end of year $1,006,610

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $521,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $651,082 · end of year $154,507

  • 18 · Grants payable

    end of year $88,100

  • 19 · Deferred revenue

    beginning of year $353,695 · end of year $138,667

  • 21 · Escrow or custodial account liability

    beginning of year $3,005,094 · end of year $3,159,040

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $251,126 · end of year $230,182

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,209,225

  • 27 · Net assets without donor restrictions

    beginning of year $4,063,706 · end of year $4,471,921

  • 28 · Net assets with donor restrictions

    beginning of year $20,000 · end of year $20,000

Mission and programs · 2024

Mission

The organization was formed to foster the development of collegiate men and our alumni by instilling strong fraternal values, offering social and service opportunities, and teaching leadership skills. We will continue to attract members of all beliefs who appreciate our great heritage as a fraternity of Jewish men.

  • The organization provides leadership and educational programs to better enable members for citizenship, community service, and leadership.

As filed on the 2024 return.

Listed in Part VII

  • Benji Bearman

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Kleppel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dean Lambert

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Douglas Montgomery

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bruce Harris

    CONSUL

    Total calculated
    $0
    Hours/week
    1

  • David Sackler

    CONSUL

    Total calculated
    $0
    Hours/week
    1

  • Evan Remer

    CONSUL

    Total calculated
    $0
    Hours/week
    1

  • Patrick Wright

    CONSUL - EXIT 07/24

    Total calculated
    $0
    Hours/week
    1

  • Zackary Newman

    CONSUL - START 07/24

    Total calculated
    $0
    Hours/week
    1

  • Andy Huston

    EXECUTIVE DIRECTOR

    Total calculated
    $197,719
    From this org
    $163,540
    From related orgs
    $0
    Other
    $34,179
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,566
    Bonus
    $6,974
    Other
    $0
    Deferred
    $4,886
    Nontaxable benefits
    $29,293
    Filer's total
    $197,719

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 · 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

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.

  • SIGMA ALPHA MU ENDOWMENT FUND LLC

    ENDOWMENT MANAGEMENT · IN · income $317,259 · assets $5,168,795

    Directly controlled by NA

  • SAM NATIONAL PROPERTIES LLC

    HOUSING · IN · income $0 · assets $0

    Directly controlled by NA

  • SAM PROPERTY MANAGEMENT LLC

    PROPERTY MANAGEMENT · IN · income $351,150 · assets $112,339

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
11 April 2026
IRS schema version
2024v5.1
Source object
202641019349300119

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