Form 990 for tax year 2024
Filed by GRAND BOULE OF THE SIGMA PI PHI FRATERNITY.
Totals
- Total revenue
- $6,992,556
- Total expenses
- $8,183,693
- Contributions and grants received
- $2,461,962
- Grants paid
- $157,700
- Program service revenue
- $4,476,490
- Investment income
- $25,076
- Other revenue
- $29,028
- Total assets, end of year
- $3,378,099
- Total liabilities, end of year
- $1,023,965
- Net assets or fund balances, end of year
- $2,354,134
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $6,562,277
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
$2,290,170
-
1f · All other contributions, gifts and grants
$171,792
-
2a · Program service revenue: Program Registration
total $4,011,595 · related or exempt $4,011,595
-
2b · Program service revenue: Event Sponsorships
total $464,895 · related or exempt $464,895
-
3 · Investment income
total $25,076 · excluded $25,076
-
11a · Other revenue: Sale of Pins, Books, E
total $21,493 · related or exempt $21,493
-
11b · Other revenue: Other
total $7,535 · related or exempt $7,535
-
11e · Other revenue, total
$29,028
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $66,200
-
2 · Grants to domestic individuals
total $91,500
-
5 · Compensation of officers, directors and key employees
total $279,000
-
7 · Other salaries and wages
total $384,801
-
9 · Other employee benefits
total $49,414
-
10 · Payroll taxes
total $43,956
-
11a · Fees: management
total $24,000
-
11b · Fees: legal
total $282,675
-
11c · Fees: accounting
total $93,284
-
11g · Fees: other
total $322,380
-
13 · Office expenses
total $61,920
-
14 · Information technology
total $36,931
-
16 · Occupancy
total $41,187
-
17 · Travel
total $243,714
-
19 · Conferences, conventions and meetings
total $5,589,749
-
22 · Depreciation, depletion and amortization
total $24,112
-
23 · Insurance
total $45,703
-
24a · Other expenses: The Boule Journal - Pub
total $323,298
-
24b · Other expenses: Corporate Boards Progra
total $70,499
-
24c · Other expenses: Fraternity History Spec
total $68,666
-
24d · Other expenses: Parity Project Expenses
total $20,482
-
24e · All other expenses
total $20,222
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,400,058 · end of year $1,066,485
-
2 · Savings and temporary cash investments
beginning of year $1,830,147 · end of year $1,336,166
-
3 · Pledges and grants receivable
beginning of year $1,250 · end of year $1,250
-
4 · Accounts receivable
beginning of year $15,000 · end of year $14,656
-
9 · Prepaid expenses and deferred charges
beginning of year $351,318 · end of year $353,000
-
10a · Land, buildings and equipment: cost or other basis
$523,643
-
10b · Land, buildings and equipment: accumulated depreciation
$222,742
-
10c · Land, buildings and equipment, net
beginning of year $3,080 · end of year $300,901
-
15 · Other assets
beginning of year $456,070 · end of year $305,641
-
17 · Accounts payable and accrued expenses
beginning of year $131,141 · end of year $700,124
-
25 · Other liabilities
beginning of year $380,511 · end of year $323,841
-
27 · Net assets without donor restrictions
beginning of year $2,680,810 · end of year $1,544,381
-
28 · Net assets with donor restrictions
beginning of year $864,461 · end of year $809,753
Mission and programs · 2024
Mission
The mission of the Sigma Pi Phi Fraternity is to provide charitable, literary and educational functions for like minded men to accomplish things not possible through individual effort.
Activities or mission (Part I)
Sigma Pi Phi Fraternity is organized exclusively for charitable, literary and educational purposes for like minded men to accomplish through concerted efforts things that could not be accomplished by individual effort.
-
The Organization has supported its membership in the exempt purpose of providing charitable, literary and educational functions for like minded men to accomplish things not possible through individual effort.
Expenses $6,562,277 · Revenue $4,505,518
As filed on the 2024 return.
Listed in Part VII
-
Darrell B Searcy
Grand Grammateus
- Total calculated
- $10,000
- From this org
- $10,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Dr Jerlando P L Jackson
Grand Grapter-Editor Boul
- Total calculated
- $10,000
- From this org
- $10,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Derrick Roman
Grand Thesauristes-Treasur
- Total calculated
- $9,000
- From this org
- $9,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Loren Douglas
Grand Sire Archon-Chairman
- Total calculated
- $12,500
- From this org
- $12,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Jesse J Tyson
Grand Sire Archon Elect
- Total calculated
- $0
- Hours/week
- 25
-
Antoine M Garibaldi
Immediate Past Grand Sire
- Total calculated
- $12,500
- From this org
- $12,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Anthony W Hall Jr
Chairman, The Boule' Found
- Total calculated
- $0
- Hours/week
- 2
-
Bennett Gaines
Executive Director
- Total calculated
- $250,179
- From this org
- $225,000
- From related orgs
- $0
- Other
- $25,179
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $225,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $25,179
- Filer's total
- $250,179
-
Dr Stefan M Bradley
Grand Rhetoricos
- Total calculated
- $0
- Hours/week
- 2
-
Abraham J Turner
Grand Agogos
- Total calculated
- $0
- Hours/week
- 2
-
David C Tapscott
Northeast Region Sire Arch
- Total calculated
- $0
- Hours/week
- 2
-
James A Welch
Southeast Region Sire Arch
- Total calculated
- $0
- Hours/week
- 2
-
Askia B Amand
Western Region Sire Archon
- Total calculated
- $0
- Hours/week
- 2
-
Calvin D Heard
Central Region Sire Archon
- Total calculated
- $0
- Hours/week
- 2
-
Kanahl R Kendrick
Pacific Region Sire Archon
- Total calculated
- $0
- Hours/week
- 2
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
None.
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
-
Various Subordinate Members (8 Grants 2000 - 10000 Each)
$41,200
Social Action Awards
-
Doug Wilder Fund
-
General Operations
-
General Operations
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.
-
501 c 3 · The Boule'Foundation makes charitable grants and scholarship awards. · GA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349313899
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