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Nonprofiteer
← ALPHA SIGMA TAU SORORITY INC

Form 990 for tax year 2023

Filed by ALPHA SIGMA TAU SORORITY INC.

Totals

Total revenue
$1,709,251
Total expenses
$2,119,425
Contributions and grants received
$62,023
Grants paid
$50,283
Program service revenue
$1,275,020
Investment income
$22,423
Other revenue
$349,785
Total assets, end of year
$3,326,513
Total liabilities, end of year
$1,937,262
Net assets or fund balances, end of year
$1,389,251
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $62,023

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $1,269,195 · related or exempt $1,269,195

  • 2b · Program service revenue: PROGRAM REGISTRATION F

    total $5,825 · related or exempt $5,825

  • 3 · Investment income

    total $16,657 · unrelated business $16,657

  • 5 · Royalties

    total $61,842 · unrelated business $61,842

  • 6a · Gross rents

    real property $78,996

  • 6b · Less rental expenses

    real property $78,996

  • 6c · Rental income or loss

    real property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $101,591

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

    securities $95,825

  • 7c · Gain or loss

    securities $5,766

  • 7d · Net gain or loss

    total $5,766 · unrelated business $5,766

  • 10a · Gross sales of inventory

    $160,554

  • 10b · Cost of goods sold

    $73,679

  • 10c · Net income from sales of inventory

    total $86,875 · related or exempt $86,875

  • 11a · Other revenue: FOUNDATION REIMBURSEME

    total $196,370 · related or exempt $196,370

  • 11b · Other revenue: OTHER OPERATING REVENU

    total $4,698 · related or exempt $4,698

  • 11e · Other revenue, total

    $201,068

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,283

  • 5 · Compensation of officers, directors and key employees

    total $126,952

  • 7 · Other salaries and wages

    total $938,890

  • 8 · Pension plan contributions

    total $28,980

  • 9 · Other employee benefits

    total $52,982

  • 10 · Payroll taxes

    total $84,384

  • 11b · Fees: legal

    total $1,237

  • 11c · Fees: accounting

    total $16,460

  • 11g · Fees: other

    total $26,139

  • 13 · Office expenses

    total $106,074

  • 14 · Information technology

    total $177,214

  • 16 · Occupancy

    total $19,946

  • 17 · Travel

    total $133,160

  • 19 · Conferences, conventions and meetings

    total $67,188

  • 20 · Interest

    total $10,152

  • 22 · Depreciation, depletion and amortization

    total $32,011

  • 23 · Insurance

    total $179,417

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $32,445

  • 24b · Other expenses: DUES & SUB.

    total $23,900

  • 24c · Other expenses: BAD DEBT

    total $7,500

  • 24d · Other expenses: OTHER OPERATING EXPENSE

    total $4,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,188,010 · end of year $985,027

  • 2 · Savings and temporary cash investments

    beginning of year $758,442 · end of year $553,451

  • 4 · Accounts receivable

    beginning of year $155,639 · end of year $115,975

  • 8 · Inventories for sale or use

    beginning of year $63,727 · end of year $61,094

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,885 · end of year $237,174

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

    $1,414,254

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

    $745,640

  • 10c · Land, buildings and equipment, net

    beginning of year $681,412 · end of year $668,614

  • 11 · Investments: publicly traded securities

    beginning of year $617,092 · end of year $705,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,747 · end of year $247,887

  • 19 · Deferred revenue

    beginning of year $6,711 · end of year $235,146

  • 21 · Escrow or custodial account liability

    beginning of year $1,239,706 · end of year $1,040,611

  • 23 · Secured mortgages and notes payable

    beginning of year $305,280 · end of year $263,618

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,651,220 · end of year $1,366,708

  • 28 · Net assets with donor restrictions

    beginning of year $22,543 · end of year $22,543

Mission and programs · 2023

Mission

ALPHA SIGMA TAU SORORITY IS COMMITTED TO DEVELOPING SCHOLARS, PHILANTHROPISTS, LEADERS AND SISTERS AMONG OUR COLLEGIATE AND ALUMNAE MEMBERS. THE SORORITY STRIVES TO HAVE A COOPERATIVE RELATIONSHIP WITH OUR HOST COLLEGES AND UNIVERSITIES AS WE EDUCATE OUR MEMBERS ON WHO WE ARE AS ALPHA SIGMA TAUS THROUGH A BROAD SPECTRUM OF SERVICE AND TRAINING OPPORTUNITIES. WE PROVIDE INFORMATION AND TRAINING ON BUSINESS, LIFE SKILLS, AND LEADERSHIP SKILLS.

  • SEE SCHEDULE O

  • EDUCATIONAL CONSULTANT PROGRAM:THIS PROGRAM ALLOWS FOR MANY OF THE 76 CHAPTERS TO RECEIVE AN EDUCATIONAL VISIT FROM THE NATIONAL ORGANIZATION. EDUCATIONAL CONSULTANTS TALK WITH EACH OFFICER CONCERNING THEIR POSITION AND WITH EACH MEMBER, IF TIME PERMITS. THEY DELIVER PRESENTATIONS CONCERNING MEMBERSHIP RECRUITMENT AND DEVELOPMENT, GOVERNING DOCUMENTS AND FINANCIAL RESOURCES, ETC. THIS IMPACTS 79 CHAPTERS WHICH CONSIST OF 3,265 UNDERGRADUATE MEMBERS AND 200 ALUMNAE SERVING THE CHAPTERS AS ADVISORS. THIS PROGRAM INCLUDES THE SALARY, BENEFITS, AND TRAVEL FOR EDUCATIONAL CONSULTANTS.

  • GATHERINGS-OFFICER ACADEMY/NATIONAL CONVENTION:EACH YEAR, ALPHA SIGMA TAU SPONSORS GATHERINGS OF LEADERS FOR EDUCATIONAL PURPOSES THROUGH OFFICER ACADEMY OR NATIONAL CONVENTIONS. INFORMATION THAT IS PRESENTED IN THESE PROGRAMS IMPACTS THE ENTIRE MEMBERSHIP. OFFICER ACADEMY IS HELD EVERY TWO YEARS AND FOCUSES ON LEADERSHIP DEVELOPMENT FOR CHAPTER OFFICERS. THE CHAPTER PRESIDENT AND ONE TO TWO ADDITIONAL OFFICERS ATTEND. THE ACTUAL EVENT INVOLVES APPROXIMATELY 250 UNDERGRADUATES. NATIONAL CONVENTION IS HELD EVERY TWO YEARS, ALTERNATING WITH OFFICER ACADEMY. EACH CHAPTER SENDS AT LEAST TWO REPRESENTATIVES AND ONE ADVISOR. EDUCATIONAL PROGRAMMING AND NATIONAL BUSINESS MEETINGS ARE A MAJOR FOCUS AS WELL AS AWARDS PRESENTATIONS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jamie Jones Miller

    NATIONAL PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Addison Beckham

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Leeann Hovis

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Katherine Onyshko

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Joell Sperry

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Tsai-Ann Yawching

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • James R Paponetti

    CEO

    Total calculated
    $115,127
    From this org
    $106,334
    From related orgs
    $0
    Other
    $8,793
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202432679349300513

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