Civic Intelligence

Purdue Sigma Nu Association Inc

990 • Fiscal year 2024 • EIN 23-7246346

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 30, 2025

PO Box 944Lafayette, IN 47902

(404) 433-1530

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.29x

Higher debt load relative to assets than 64% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

11.43x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-298%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-15%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,501,580

Down $264,907 (-15%) from 2023

Net Assets

Down

$1,061,256

Down $114,907 (-9.8%) from 2023

Liabilities

Down

$440,324

Down $150,000 (-25%) from 2023

Revenue

Down

$38,528

Down $499,712 (-93%) from 2023

Expenses

Down

$153,435

Down $6,270 (-3.9%) from 2023

Net Income

Down

-$114,907

Down $493,442 (-130%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2021: $487,204Liabilities 2021: $0Net Assets 2021: $487,2042021Assets 2022: $1,512,952Liabilities 2022: $715,324Net Assets 2022: $797,6282022Assets 2023: $1,766,487Liabilities 2023: $590,324Net Assets 2023: $1,176,1632023Assets 2024: $1,501,580Liabilities 2024: $440,324Net Assets 2024: $1,061,2562024Assets 2025: $1,258,340Liabilities 2025: $0Net Assets 2025: $1,258,3402025

Highlighted filing

2024

Assets$1,501,580
Liabilities$440,324
Net Assets$1,061,256

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $169,707Expenses 2021: $62,913Net Income 2021: $106,7942021Revenue 2022: $390,837Expenses 2022: $80,413Net Income 2022: $310,4242022Revenue 2023: $538,240Expenses 2023: $159,705Net Income 2023: $378,5352023Revenue 2024: $38,528Expenses 2024: $153,435Net Income 2024: -$114,9072024Revenue 2025: $316,252Expenses 2025: $119,168Net Income 2025: $197,0842025

Highlighted filing

2024

Revenue$38,528
Expenses$153,435
Net Income-$114,907
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$38,528
Mission and Program Overview

Mission

Provide housing for members of purdue sigma nu fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,218,483$1,167,921▼ $50,562
Cash and Non-Interest-Bearing Accounts$491,192$280,213▼ $210,979
Savings and Temporary Cash Investments$46,499$46,504▲ $5
Intangible Assets$7,022$3,651▼ $3,371
Total Assets$1,766,487$1,501,580▼ $264,907
Other Assets Total$3,291$3,291→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$590,324$440,324▼ $150,000
Total Liabilities$590,324$440,324▼ $150,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,176,163$1,061,256▼ $114,907
Total Net Assets Fund Balance$1,176,163$1,061,256▼ $114,907
Total Liabilities and Net Assets / Fund Balance$1,766,487$1,501,580▼ $264,907

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$924,429$1,513,286$2,437,715
Land$175,000-$175,000
Equipment$68,492$29,129$97,621
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick HatfieldPresident
Chuck ShearmanTreasurer
Nelson AlmondVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$38,377
Program Service Revenue
$0
Investment Income
$151
Other Revenue
$0
All Other Contributions
$38,377
Change in Net Assets
$-114,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,435
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$53,936
Interest---$41,085
Occupancy---$34,151
Fees for Services Legal---$15,874
Fees for Services Accounting---$7,400
Office Expenses---$989
Total Functional Expenses$0$0$0$153,435
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to all of its governing body before filing the form.

Form 990, Page 6, Part VI, Line 12C

Regular disclosure and review of conflicts is required by policy.

Form 990, Page 6, Part VI, Line 19

Available upon written request.

Filing and Contact Details

Filer

Filer Name
Purdue Sigma Nu Association Inc
EIN
23-7246346
Phone
4044331530
Address
PO BOX 944, LAFAYETTE, IN 47902

Signing Officer

Name
Patrick Hatfield
Title
President
Phone
4044331530
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Hatfield
Formed
1941
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Huth Thompson Llp
Address
PO BOX 970, LAFAYETTE, IN 47902-0970
Preparer
Kayla S Kilgus
Phone
7654285000
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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