Civic Intelligence

Alpha Sigma Phi Fraternity Inc

990 • Fiscal year 2021 • EIN 31-4359813

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Refreshing map…

710 Adams StreetCarmel, IN 46032

(317) 843-1911

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.11x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.14x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Net Margin

49th percentile

9.4%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

99th percentile

$203,772

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Asset Growth

59th percentile

6.6%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-8.5%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,417,023

Up $274,381 (+6.6%) from 2020

Net Assets

Up

$3,916,941

Up $496,154 (+15%) from 2020

Liabilities

Down

$500,082

Down $221,773 (-31%) from 2020

Revenue

Down

$3,578,190

Down $334,383 (-8.5%) from 2020

Expenses

Down

$3,241,474

Down $391,305 (-11%) from 2020

Net Income

Up

$336,716

Up $56,922 (+20%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $3,241,434Liabilities 2016: $653,179Net Assets 2016: $2,588,2552016Assets 2017: $3,057,808Liabilities 2017: $495,088Net Assets 2017: $2,562,7202017Assets 2018: $3,557,748Liabilities 2018: $561,982Net Assets 2018: $2,995,7662018Assets 2019: $3,925,907Liabilities 2019: $792,385Net Assets 2019: $3,133,5222019Assets 2020: $4,142,642Liabilities 2020: $721,855Net Assets 2020: $3,420,7872020Assets 2021: $4,417,023Liabilities 2021: $500,082Net Assets 2021: $3,916,9412021Assets 2022: $4,486,738Liabilities 2022: $537,391Net Assets 2022: $3,949,3472022Assets 2024: $3,011,891Liabilities 2024: $289,636Net Assets 2024: $2,722,2552024

Highlighted filing

2021

Assets$4,417,023
Liabilities$500,082
Net Assets$3,916,941

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2016: $3,248,748Expenses 2016: $2,941,350Net Income 2016: $307,3982016Revenue 2017: $3,535,029Expenses 2017: $3,452,848Net Income 2017: $82,1812017Revenue 2018: $3,786,951Expenses 2018: $3,348,027Net Income 2018: $438,9242018Revenue 2019: $4,211,117Expenses 2019: $4,021,084Net Income 2019: $190,0332019Revenue 2020: $3,912,573Expenses 2020: $3,632,779Net Income 2020: $279,7942020Revenue 2021: $3,578,190Expenses 2021: $3,241,474Net Income 2021: $336,7162021Revenue 2022: $4,239,555Expenses 2022: $3,935,986Net Income 2022: $303,5692022Revenue 2024: $5,205,314Expenses 2024: $5,141,462Net Income 2024: $63,8522024

Highlighted filing

2021

Revenue$3,578,190
Expenses$3,241,474
Net Income$336,716
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$3,944,931
Mission and Program Overview

Mission

To better the man through the creation and perpetuation of brotherhood founded upon the values of character: silence, charity, honor, purity, and patriotism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,559,009$1,772,877▲ $213,868
Other Notes and Loans Receivable, Net$1,100,987$1,044,735▼ $56,252
Cash and Non-Interest-Bearing Accounts$498,385$896,212▲ $397,827
Savings and Temporary Cash Investments$124,603$300,027▲ $175,424
Land, Buildings, and Equipment, Net$256,727--
Accounts Receivable$381,175$250,136▼ $131,039
Prepaid Expenses and Deferred Charges$164,638$95,918▼ $68,720
Total Assets$4,142,642$4,417,023▲ $274,381
Other Assets Total$57,118$57,118→ $0
Liabilities
Other Liabilities$215,231$262,792▲ $47,561
Accounts Payable and Accrued Expenses$437,321$237,290▼ $200,031
Deferred Revenue$69,303--
Total Liabilities$721,855$500,082▼ $221,773
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,420,787$3,916,941▲ $496,154
Total Net Assets Fund Balance$3,420,787$3,916,941▲ $496,154
Total Liabilities and Net Assets / Fund Balance$4,142,642$4,417,023▲ $274,381
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gordon F HemingerPresident/ceFT$193,650$10,122$203,772
Gordon F HemingerPresident/CEO-$176,400$27,372$203,772
Matthew HumbergerVP and COOFT$139,000$8,346$147,346

Board Members and Trustees

NameTitle
David GatzkeGrand Counci
David a YonensonGrand Counci
Richard DyerGrand Counci
Thomas L BrownGrand Counci
Jason Nolen-doerrGrand Jr. Pr
Brent BowersGrand Marsha
Aaron BullockGrand Secret
Gregory M KroenckeGrand Sr. Pr
Steve ZizzoGrand Treasu
Cameron AustinUng Grand Co
Max ZellerUng Grand Co
Ryan DeboerUng Grand Co
Revenue and Support

Revenue Composition

Contributions and Grants
$327,500
Program Service Revenue
$2,481,897
Investment Income
$98,918
Other Revenue
$669,875
All Other Contributions
$327,500
Change in Net Assets
$336,716

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,565,481
Revenue Not Reported on Financial Statements
$12,709
Revenue Not Reported on Form 990
$159,438
Total Revenue per Audited Statements
$3,724,919
Total Revenue per Form 990
$3,578,190
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,692,595
Other Expenses$1,548,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$800,473$314,498-$1,114,971
Current Officers, Directors, Trustees, and Key Employees$351,118--$351,118
Travel$330,650--$330,650
Other Expenses$186,769$234,708-$186,769
Other Employee Benefits$33,488$76,175-$109,663
Payroll Taxes$93,834--$93,834
All Other Expenses$67,471--$67,471
Occupancy-$67,320-$67,320
Office Expenses$30,488--$30,488
Pension Plan Contributions$23,009--$23,009
Fees for Service Investment Mgmnt Fees-$12,709-$12,709
Advertising$5,227--$5,227
Fees for Services Other$4,229--$4,229
Depreciation Depletion$4,128--$4,128
Interest$108--$108
Total Functional Expenses$2,536,064$705,410$0$3,241,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,241,474
Expenses per Audited Statements$3,228,765
Total Expenses per Audited Statements$3,228,765
Expenses Not Reported on Financial Statements$12,709
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust$171,604
Funds Held in Trust-alpha Iota$91,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 6

Membership: membership shall be acquired only by male persons: a. Who are not members of (1 ) any viable, general greek-letter fraternity of college grade and national or international in scope, or (2) any other group antagonistic to fraternities; b. Who are likely to be intellectually, morally and socially of benefit to the fraternity; c. Who shall have been duly elected by secret vote of a chapter in good standing or approved by the chief executive officer or the grand council; d. Who have been duly initiated in accordance with the rituals of the fraternity or acquired by merger of another fraternity; e. Who fully understand the vision and purpose of alpha sigma phi as described in article i, sections 2 and 3, and f. Who have achieved at minimum the criteria for membership established by the local fraternity governing council, the north-american interfraternity conference, the institution of learning in which he is enrolled or 2.50 gpa when no minimum criteria is established. Classes of membership: there shall be two classes of members: student and alumni: a. Student members are all members regularly enrolled in attendance at an institution of learning at which they were initiated, or at which the member and chapter have agreed to affiliate the member and at which the chapter of alpha sigma phi is in good standing. B. Alumni members are all members who do not qualify as a student member. Any man of majority age who is not presently affiliated with another fraternity recognized by the north-american interfraternity conference may be initiated as an alumnus and affiliated with a chapter or be recognized as a member-atlarge of alpha sigma phi. Students enrolled in attendance at an institution of learning with a chapter of alpha sigma phi, four or more years after they were initiated or with unique circumstances as determined

Form 990, Page 6, Part VI, Line 9

Thomas l. Brown 710 adams street carmel, in 46032 david a. Yonenson cameron austin ryan deboer max zeller david gatzke richard dyer

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

The fraternity president receives and reviews a copy of the form 990 prior to filing.

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

The board and fraternity president monitor the policy and individuals- and board members' adherence to it. All conflicts are addressed and corrections are enforced on a case-by-case basis.

Form 990, Page 6, Part VI, Line 15A

The presidents salary is determined annually in connection with a performance review performed by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available to interested parties upon request.

Filing and Contact Details

Filer

Filer Name
Alpha Sigma Phi Fraternity Inc
EIN
31-4359813
Phone
3178431911
Address
710 ADAMS STREET, CARMEL, IN 46032

Signing Officer

Name
Gordon F Heminger
Title
President/CEO
Phone
3178431911
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gordon F Heminger
Formed
1845
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
10
Employees
31

Preparer

Firm
Alerding CPA Group
Address
4181 E 96TH ST STE 180, INDIANAPOLIS, IN 46240
Preparer
David W Garrett CPA
Phone
3175694181
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Chapter services, expansion, governance, scholarships, and undergraduate development.

Financial Statement Notes

Schedule D, Page 3, Part X

Management of the fraternity evaluates all significant tax positions to ensure compliance with the exempt purpose of the fraternity as required by u.s. Gaap, including consideration of any unrelated business income tax. As of june 30, 2021, management does not believe the fraternity has taken any tax positions that are not in compiance with its exempt purpose. The fraternity's federal and state tax returns remain open and subject to examination beginning with the tax year ended june 30, 2018.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ALUMNI ENGAGEMENT: PROVIDES SUPPORT TO THE CHAPTER ALUMNI ENGAGEMENT TEAM, WHO ADVISES THE FRATERNITY'S ALUMNI CHAPTERS. ALUMNI ENGAGEMENT ALSO COACHES CHAPTERS ON GROWTH STRATEGIES. THE SUPPORT STAFF SPENDS MOST OF THEIR TIME MANAGING THIS DEPARTMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0CHAPTER/COLONY DEVELOPMENT: PROVIDES SUPPORT TO THE CHAPTER DEVELOPMENT TEAM, WHO ADVISES THE FRATERNITY'S UNDERGRADUATE CHAPTERS. THE CHAPTER DEVELOPMENT AREA IS IN CHARGE OF PROMOTING THE ADDITION OF MEN TO THE FRATERNITY AND THIS AREA ALSO INCLUDES MEMBERSHIP DUES AND FEES. THE SUPPORT STAFF SPENDS MOST OF THEIR TIME MANAGING THIS DEPARTMENT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CHAPTER SERVICES, EXPANSION, GOVERNANCE, SCHOLARSHIPS, AND UNDERGRADUATE DEVELOPMENT.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FUNDS HELD IN TRUST-ALPHA IOTA
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE FRATERNITY EVALUATES ALL SIGNIFICANT TAX POSITIONS TO ENSURE COMPLIANCE WITH THE EXEMPT PURPOSE OF THE FRATERNITY AS REQUIRED BY U.S. GAAP, INCLUDING CONSIDERATION OF ANY UNRELATED BUSINESS INCOME TAX. AS OF JUNE 30, 2021, MANAGEMENT DOES NOT BELIEVE THE FRATERNITY HAS TAKEN ANY TAX POSITIONS THAT ARE NOT IN COMPIANCE WITH ITS EXEMPT PURPOSE. THE FRATERNITY'S FEDERAL AND STATE TAX RETURNS REMAIN OPEN AND SUBJECT TO EXAMINATION BEGINNING WITH THE TAX YEAR ENDED JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GORDON F HEMINGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHAPTER SERVICES, EXPANSION, GOVERNANCE, SCHOLARSHIPS, AND UNDERGRADUATE DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP: MEMBERSHIP SHALL BE ACQUIRED ONLY BY MALE PERSONS: A. WHO ARE NOT MEMBERS OF (1 ) ANY VIABLE, GENERAL GREEK-LETTER FRATERNITY OF COLLEGE GRADE AND NATIONAL OR INTERNATIONAL IN SCOPE, OR (2) ANY OTHER GROUP ANTAGONISTIC TO FRATERNITIES; B. WHO ARE LIKELY TO BE INTELLECTUALLY, MORALLY AND SOCIALLY OF BENEFIT TO THE FRATERNITY; C. WHO SHALL HAVE BEEN DULY ELECTED BY SECRET VOTE OF A CHAPTER IN GOOD STANDING OR APPROVED BY THE CHIEF EXECUTIVE OFFICER OR THE GRAND COUNCIL; D. WHO HAVE BEEN DULY INITIATED IN ACCORDANCE WITH THE RITUALS OF THE FRATERNITY OR ACQUIRED BY MERGER OF ANOTHER FRATERNITY; E. WHO FULLY UNDERSTAND THE VISION AND PURPOSE OF ALPHA SIGMA PHI AS DESCRIBED IN ARTICLE I, SECTIONS 2 AND 3, AND F. WHO HAVE ACHIEVED AT MINIMUM THE CRITERIA FOR MEMBERSHIP ESTABLISHED BY THE LOCAL FRATERNITY GOVERNING COUNCIL, THE NORTH-AMERICAN INTERFRATERNITY CONFERENCE, THE INSTITUTION OF LEARNING IN WHICH HE IS ENROLLED OR 2.50 GPA WHEN NO MINIMUM CRITERIA IS ESTABLISHED. CLASSES OF MEMBERSHIP: THERE SHALL BE TWO CLASSES OF MEMBERS: STUDENT AND ALUMNI: A. STUDENT MEMBERS ARE ALL MEMBERS REGULARLY ENROLLED IN ATTENDANCE AT AN INSTITUTION OF LEARNING AT WHICH THEY WERE INITIATED, OR AT WHICH THE MEMBER AND CHAPTER HAVE AGREED TO AFFILIATE THE MEMBER AND AT WHICH THE CHAPTER OF ALPHA SIGMA PHI IS IN GOOD STANDING. B. ALUMNI MEMBERS ARE ALL MEMBERS WHO DO NOT QUALIFY AS A STUDENT MEMBER. ANY MAN OF MAJORITY AGE WHO IS NOT PRESENTLY AFFILIATED WITH ANOTHER FRATERNITY RECOGNIZED BY THE NORTH-AMERICAN INTERFRATERNITY CONFERENCE MAY BE INITIATED AS AN ALUMNUS AND AFFILIATED WITH A CHAPTER OR BE RECOGNIZED AS A MEMBER-ATLARGE OF ALPHA SIGMA PHI. STUDENTS ENROLLED IN ATTENDANCE AT AN INSTITUTION OF LEARNING WITH A CHAPTER OF ALPHA SIGMA PHI, FOUR OR MORE YEARS AFTER THEY WERE INITIATED OR WITH UNIQUE CIRCUMSTANCES AS DETERMINED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THOMAS L. BROWN 710 ADAMS STREET CARMEL, IN 46032 DAVID A. YONENSON CAMERON AUSTIN RYAN DEBOER MAX ZELLER DAVID GATZKE RICHARD DYER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FRATERNITY PRESIDENT RECEIVES AND REVIEWS A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD AND FRATERNITY PRESIDENT MONITOR THE POLICY AND INDIVIDUALS- AND BOARD MEMBERS' ADHERENCE TO IT. ALL CONFLICTS ARE ADDRESSED AND CORRECTIONS ARE ENFORCED ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENTS SALARY IS DETERMINED ANNUALLY IN CONNECTION WITH A PERFORMANCE REVIEW PERFORMED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SEE PT VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ALPHA SIGMA PHI FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CLVEN NATIONAL HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0141908351
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1812669741
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C7
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE PT VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SEE PT VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0710 ADAMS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1710 ADAMS STREET

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