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Nonprofiteer
← SIGMA NU EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by SIGMA NU EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$8,253,788
Total expenses
$3,626,561
Contributions and grants received
$7,413,913
Grants paid
$1,764,341
Program service revenue
$325,220
Investment income
$503,963
Other revenue
$10,692
Total assets, end of year
$25,767,337
Total liabilities, end of year
$2,303,925
Net assets or fund balances, end of year
$23,463,412
Program services expenses (Part IX)
$2,400,159
Management and general expenses
$737,783
Fundraising expenses
$488,619
Program service expenses (Part III)
$2,400,159

Program services were 66.2% 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

    $7,413,913

  • 1g · Noncash contributions included above

    $2,367,549

  • 2a · Program service revenue: HEADQUARTERS SHRINE

    total $325,220 · related or exempt $325,220

  • 3 · Investment income

    total $336,911 · excluded $336,911

  • 7a · Gross sales of assets other than inventory

    securities $3,462,349

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

    securities $3,295,297

  • 7c · Gain or loss

    securities $167,052

  • 7d · Net gain or loss

    total $167,052 · related or exempt $167,052

  • 11a · Other revenue: MISCELLANEOUS ADMINISTRATIVE EXPE

    total $10,692 · related or exempt $10,692

  • 11e · Other revenue, total

    $10,692

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,720,596 · program services $1,720,596

  • 2 · Grants to domestic individuals

    total $43,745 · program services $43,745

  • 7 · Other salaries and wages

    total $612,586 · program services $121,450 · management and general $229,539 · fundraising $261,597

  • 8 · Pension plan contributions

    total $28,346 · program services $5,879 · management and general $11,384 · fundraising $11,083

  • 9 · Other employee benefits

    total $28,722 · program services $6,541 · management and general $11,220 · fundraising $10,961

  • 10 · Payroll taxes

    total $42,232 · program services $9,183 · management and general $15,583 · fundraising $17,466

  • 11b · Fees: legal

    total $6,958 · management and general $6,958

  • 11c · Fees: accounting

    total $24,800 · management and general $24,800

  • 11f · Fees: investment management

    total $83,646 · management and general $83,646

  • 11g · Fees: other

    total $86,585 · program services $21,348 · management and general $46,912 · fundraising $18,325

  • 13 · Office expenses

    total $41,881 · management and general $3,988 · fundraising $37,893

  • 16 · Occupancy

    total $86,139 · program services $86,114 · management and general $25

  • 17 · Travel

    total $44,839 · program services $292 · management and general $26,606 · fundraising $17,941

  • 20 · Interest

    total $45,750 · program services $45,750

  • 22 · Depreciation, depletion and amortization

    total $241,478 · program services $241,478

  • 23 · Insurance

    total $42,967 · program services $36,196 · management and general $6,771

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $261,125 · management and general $261,125

  • 24b · Other expenses: PRINTED MATERIALS & PUB

    total $100,679 · fundraising $100,679

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $53,079 · program services $53,079

  • 24d · Other expenses: GIFTS

    total $10,753 · management and general $334 · fundraising $10,419

  • 24e · All other expenses

    total $19,655 · program services $8,508 · management and general $8,892 · fundraising $2,255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,611,188 · end of year $6,278,892

  • 3 · Pledges and grants receivable

    beginning of year $2,238,256 · end of year $2,454,171

  • 4 · Accounts receivable

    beginning of year $58,574 · end of year $16,595

  • 7 · Other notes and loans receivable

    beginning of year $1,532,246 · end of year $1,477,579

  • 8 · Inventories for sale or use

    beginning of year $26,153 · end of year $20,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,933 · end of year $54,976

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

    $8,841,439

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

    $3,754,127

  • 10c · Land, buildings and equipment, net

    beginning of year $5,198,227 · end of year $5,087,312

  • 12 · Investments: other securities

    beginning of year $6,516,409 · end of year $10,068,585

  • 15 · Other assets

    beginning of year $291,566 · end of year $308,917

  • 17 · Accounts payable and accrued expenses

    beginning of year $286,087 · end of year $120,263

  • 18 · Grants payable

    beginning of year $34,067 · end of year $1,106,724

  • 19 · Deferred revenue

    beginning of year $1,000 · end of year $1,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $89,548 · end of year $75,938

  • 27 · Net assets without donor restrictions

    beginning of year $5,140,912 · end of year $6,431,476

  • 28 · Net assets with donor restrictions

    beginning of year $12,958,938 · end of year $17,031,936

Mission and programs · 2023

Mission

THE SIGMA NU EDUCATIONAL FOUNDATION SECURES AND PROVIDES ENDURING RESOURCES TO SUPPORT THE EDUCATIONAL AND CHARITABLE INITIATIVES OF SIGMA NU FRATERNITY.

  • GRANTS AND EDUCATIONAL ASSISTANCE TO CHAPTERS AND HOUSING ENTITIES:PROVIDES GRANTS TO SUPPORT THE EDUCATIONAL PROGRAMS OF INDIVIDUAL CHAPTERS AND HOUSING ENTITIES OF SIGMA NU, FRATERNITY, INC. THESE PROGRAMS INCLUDE THE IMPLEMENTATION OF HTE LEAD PROGRAM, QUALIFIED EDUCATIONAL EXPENDITURES FOR HOUSING, AND OTHER EDUCATIONAL PROGRAMS OF THE CHAPTER.

    Expenses $1,738,747 · Grants $1,720,596

  • PROVIDES FOR THE CARE AND MAINTENANCE OF THE SIGMA NU HEADQUARTERS SHRINE LOCATED IN LEXINGTON, VIRGINIA.

    Expenses $581,365

  • SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLLEGIATE MEMBERS:SUPPORTS THE EDUCATIONAL PURSUITS OF INDIVIDUAL MEMBERS OF SIGMA NU FRATERNITY, INC. THROUGH SCHOLARSHIPS, FELLOWSHIPS, AND OTHER FINANCIAL ASSISTANCE FOR THE OBTAINMENT OF EDUCATIONAL AND LEADERSHIP ACTIVITIES.

    Expenses $61,896 · Grants $43,745

  • GRANTS AND EDUCATIONAL ASSISTANCE TO SIGMA NU FRATERNITY, INC.PROVIDES GRANTS TO SUPPORT THE VARIOUS CHAPTER EDUCATIONAL PROGRAMSINCLUDING THE LEAD PROGRAM. THE LEAD PROGRAM, (WHICH IS AN ACRONYM FORLEADERSHIP, ETHICS, ACHIEVEMENT, AND DEVELOPMENT), IS A MULTI-PHASELEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO BUILD ETHICAL LEADERS ANDDEVELOP THE HEART, MIND, AND CHARACTER OF ITS MEMBERS.

    Expenses $18,151

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

Listed in Part VII

  • Robert J Lalanne

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Joe B Francis

    CHARIMAN-ELECT

    Total calculated
    $0
    Hours/week
    5

  • Jonathan D Sprenger

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Clyde E Yelverton

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • William B Geddy

    AT-LARGER MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John A Hearn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connor J Ganly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maury D Gaston

    REGENT (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1

  • W Carter Hutchins Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen E Ratterman Sr

    REGENT-ELECT (EX-OFFICIO)

    Total calculated
    $0
    Hours/week
    1

  • Jason Lyons

    GRAND TREASURER (EX-OFFICI

    Total calculated
    $0
    Hours/week
    1

  • Richard B Beacham

    PRESIDENT

    Total calculated
    $387,917
    From this org
    $0
    From related orgs
    $381,250
    Other
    $6,667
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,072 related
    Bonus
    $0 + $59,178 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,667 related
    Filer's total
    $0 + $387,917 related

  • Nicholas L Murphy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $201,458
    From this org
    $0
    From related orgs
    $200,218
    Other
    $1,240
    Hours/week
    25 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,068 related
    Bonus
    $0 + $18,150 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,240 related
    Filer's total
    $0 + $201,458 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. 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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349306484

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