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Nonprofiteer
← SIGMA ALPHA MU FOUNDATION

Form 990 for tax year 2024

Filed by SIGMA ALPHA MU FOUNDATION.

Totals

Total revenue
$2,141,994
Total expenses
$1,230,273
Contributions and grants received
$689,529
Grants paid
$470,024
Program service revenue
$0
Investment income
$1,414,415
Other revenue
$38,050
Total assets, end of year
$12,383,438
Total liabilities, end of year
$450,278
Net assets or fund balances, end of year
$11,933,160
Program services expenses (Part IX)
$681,585
Management and general expenses
$305,827
Fundraising expenses
$242,861
Program service expenses (Part III)
$681,585

Program services were 55.4% 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.

  • 1f · All other contributions, gifts and grants

    $689,529

  • 1g · Noncash contributions included above

    $26,987

  • 3 · Investment income

    total $379,780 · excluded $379,780

  • 6a · Gross rents

    real property $87,859

  • 6b · Less rental expenses

    real property $49,809

  • 6c · Rental income or loss

    real property $38,050

  • 6d · Net rental income or loss

    total $38,050 · unrelated business $14,663 · excluded $23,387

  • 7a · Gross sales of assets other than inventory

    securities $3,415,913

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

    securities $2,381,278

  • 7c · Gain or loss

    securities $1,034,635

  • 7d · Net gain or loss

    total $1,034,635 · excluded $1,034,635

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,877 · program services $137,877

  • 2 · Grants to domestic individuals

    total $332,147 · program services $332,147

  • 5 · Compensation of officers, directors and key employees

    total $162,245 · program services $61,751 · management and general $38,147 · fundraising $62,347

  • 7 · Other salaries and wages

    total $164,949 · program services $62,780 · management and general $38,783 · fundraising $63,386

  • 9 · Other employee benefits

    total $6,839 · program services $4,280 · management and general $1,789 · fundraising $770

  • 10 · Payroll taxes

    total $22,232 · program services $8,557 · management and general $5,037 · fundraising $8,638

  • 11b · Fees: legal

    total $48,259 · management and general $48,259

  • 11c · Fees: accounting

    total $26,600 · management and general $26,600

  • 11f · Fees: investment management

    total $68,479 · management and general $68,479

  • 12 · Advertising and promotion

    total $33,323 · fundraising $33,323

  • 13 · Office expenses

    total $35,585 · program services $10,279 · management and general $10,218 · fundraising $15,088

  • 14 · Information technology

    total $56,286 · program services $27,414 · management and general $1,458 · fundraising $27,414

  • 16 · Occupancy

    total $6,711 · program services $2,550 · management and general $1,611 · fundraising $2,550

  • 17 · Travel

    total $36,030 · program services $16,213 · management and general $3,604 · fundraising $16,213

  • 19 · Conferences, conventions and meetings

    total $24,087 · management and general $24,087

  • 20 · Interest

    total $2,782 · program services $1,057 · management and general $668 · fundraising $1,057

  • 22 · Depreciation, depletion and amortization

    total $9,303 · program services $3,535 · management and general $2,233 · fundraising $3,535

  • 23 · Insurance

    total $24,880 · program services $2,176 · management and general $20,528 · fundraising $2,176

  • 24a · Other expenses: OTHER EXPENSES

    total $10,793 · program services $6,570 · management and general $2,258 · fundraising $1,965

  • 24b · Other expenses: BAD DEBT

    total $9,289 · management and general $9,289

  • 24c · Other expenses: UBI TAX

    total $6,182 · program services $2,349 · management and general $1,484 · fundraising $2,349

  • 24d · Other expenses: DUES & SUB.

    total $5,395 · program services $2,050 · management and general $1,295 · fundraising $2,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,547 · end of year $305,220

  • 2 · Savings and temporary cash investments

    beginning of year $185,639 · end of year $134,999

  • 3 · Pledges and grants receivable

    beginning of year $315,139 · end of year $259,714

  • 4 · Accounts receivable

    beginning of year $512 · end of year $937

  • 8 · Inventories for sale or use

    beginning of year $2,210 · end of year $2,210

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,739 · end of year $19,526

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

    $980,735

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

    $412,421

  • 10c · Land, buildings and equipment, net

    beginning of year $596,512 · end of year $568,314

  • 11 · Investments: publicly traded securities

    beginning of year $10,560,004 · end of year $10,968,505

  • 12 · Investments: other securities

    beginning of year $140,301 · end of year $124,013

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,342 · end of year $55,981

  • 18 · Grants payable

    beginning of year $500 · end of year $110,500

  • 23 · Secured mortgages and notes payable

    beginning of year $205,467 · end of year $189,978

  • 25 · Other liabilities

    beginning of year $93,276 · end of year $93,819

  • 27 · Net assets without donor restrictions

    beginning of year $1,442,289 · end of year $1,406,292

  • 28 · Net assets with donor restrictions

    beginning of year $10,210,729 · end of year $10,526,868

Mission and programs · 2024

Mission

TO FURNISH STUDENT AID, TO ENCOURAGE AND DEVELOP CONDUCT AND TRAITS OF CHARACTER CONSISTENT WITH HIGH MORALS, CONSTRUCTIVE CITIZENSHIP, SCHOLARSHIP, LEADERSHIP AND COMMUNITY SERVICE AND TO SUPPORT THE EDUCATIONAL INTERESTS AND ACTIVITIES OF THE SIGMA ALPHA MU FRATERNITY.

  • EDUCATIONAL GRANTS PAID TO SIGMA ALPHA MU FRATERNITY, INC. TO SUPPORT THE EDUCATIONAL PROGRAMS THAT PROMOTE HIGHER EDUCATION AND SELF-DEVELOPMENT FOR UNDERGRADUATE MEMBERS OF SIGMA ALPHA MU FRATERNITY, INC.

    Expenses $91,212 · Grants $62,900

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $481,649 · Grants $332,147

  • CHARITABLE CONTRIBUTIONS MADE TO OTHER INSTITUTIONS FOR SCHOLARSHIPS AND EDUCATIONAL PROGRAMS THAT SUPPORT HIGHER EDUCATION AND SELF DEVELOPMENT FOR UNDERGRADUATE STUDENTS.

    Expenses $108,724 · Grants $74,977

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Robert Weiss

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dennis Paese

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • James Robertson

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • John Paine

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Robert Fagenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nelson France

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leland Garrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Katch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven Kahn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Offer Korin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Leib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathaniel Locklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Evan Lubline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hanno Mott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Neulicht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Paley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marc Perlstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bradley Unger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Wittels

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Girson

    CEO

    Total calculated
    $165,196
    From this org
    $142,912
    From related orgs
    $0
    Other
    $22,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,750
    Bonus
    $14,162
    Other
    $0
    Deferred
    $14,300
    Nontaxable benefits
    $7,984
    Filer's total
    $165,196

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 · Form 990 of other organizations
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202512839349300446

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