Civic Intelligence

Sigma Nu Fraternity Inc

990 • Fiscal year 2017 • EIN 54-0628798

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 03, 2017

Organization ProfileWWW.SIGMANU.ORG

View Organization Page

PO Box 1869Lexington, VA 24450

(540) 463-1869

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.24x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.35x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Net Margin

88th percentile

14%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$224,929

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2017

Asset Growth

13th percentile

-5.3%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

21%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$8,347,222

Down $467,649 (-5.3%) from 2016

Net Assets

Up

$6,324,432

Up $828,472 (+15%) from 2016

Liabilities

Down

$2,022,790

Down $1,296,121 (-39%) from 2016

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin88th percentile

Revenue

Up

$5,714,537

Up $995,326 (+21%) from 2016

Expenses

Up

$4,936,055

Up $466,551 (+10%) from 2016

Net Income

Up

$778,482

Up $528,775 (+212%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$15M$10M$5.0M$0Assets 2010: $6,417,391Liabilities 2010: $3,602,317Net Assets 2010: $2,815,0742010Assets 2011: $6,535,557Liabilities 2011: $3,175,242Net Assets 2011: $3,360,3152011Assets 2012: $6,747,964Liabilities 2012: $2,863,385Net Assets 2012: $3,884,5792012Assets 2013: $7,012,867Liabilities 2013: $2,733,484Net Assets 2013: $4,279,3832013Assets 2014: $8,057,379Liabilities 2014: $3,209,622Net Assets 2014: $4,847,7572014Assets 2015: $8,101,258Liabilities 2015: $2,860,194Net Assets 2015: $5,241,0642015Assets 2016: $8,814,871Liabilities 2016: $3,318,911Net Assets 2016: $5,495,9602016Assets 2017: $8,347,222Liabilities 2017: $2,022,790Net Assets 2017: $6,324,4322017Assets 2018: $8,978,304Liabilities 2018: $2,071,106Net Assets 2018: $6,907,1982018Assets 2019: $8,825,337Liabilities 2019: $1,660,787Net Assets 2019: $7,164,5502019Assets 2020: $9,071,687Liabilities 2020: $1,763,354Net Assets 2020: $7,308,3332020Assets 2021: $9,755,185Liabilities 2021: $1,830,755Net Assets 2021: $7,924,4302021Assets 2022: $9,926,388Liabilities 2022: $2,073,747Net Assets 2022: $7,852,6412022Assets 2023: $10,968,372Liabilities 2023: $2,625,304Net Assets 2023: $8,343,0682023Assets 2024: $9,914,621Liabilities 2024: $2,137,422Net Assets 2024: $7,777,1992024

Highlighted filing

2017

Assets$8,347,222
Liabilities$2,022,790
Net Assets$6,324,432
Open 2017 Filing

Operations Trend

Revenue Growth93rd percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,691,1942010Expenses 2011: $3,942,5732011Revenue 2012: $4,431,360Expenses 2012: $3,922,304Net Income 2012: $509,0562012Expenses 2013: $4,371,3022013Revenue 2014: $4,739,230Expenses 2014: $3,862,480Net Income 2014: $876,7502014Revenue 2015: $5,180,766Expenses 2015: $4,567,103Net Income 2015: $613,6632015Revenue 2016: $4,719,211Expenses 2016: $4,469,504Net Income 2016: $249,7072016Revenue 2017: $5,714,537Expenses 2017: $4,936,055Net Income 2017: $778,4822017Revenue 2018: $5,179,663Expenses 2018: $4,594,425Net Income 2018: $585,2382018Revenue 2019: $6,387,091Expenses 2019: $6,179,702Net Income 2019: $207,3892019Revenue 2020: $5,791,966Expenses 2020: $5,678,188Net Income 2020: $113,7782020Revenue 2021: $5,465,107Expenses 2021: $5,346,242Net Income 2021: $118,8652021Revenue 2022: $6,498,156Expenses 2022: $5,864,519Net Income 2022: $633,6372022Revenue 2023: $6,291,872Expenses 2023: $5,989,304Net Income 2023: $302,5682023Revenue 2024: $8,030,951Expenses 2024: $8,628,313Net Income 2024: -$597,3622024

Highlighted filing

2017

Revenue$5,714,537
Expenses$4,936,055
Net Income$778,482
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 3, 2017
Return Version
2016v3.0
Gross Receipts
$6,850,101
Mission and Program Overview

Mission

To develop ethical leaders inspired by the principles of love, honor and truth. To foster the personal growth of each man's mind, heart and character. To perpetuate lifelong friendships and commitment to the fraternity.

To develop ethical leaders for society through the personal development of members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,275,253$3,677,231▲ $401,978
Savings and Temporary Cash Investments$2,239,436$2,550,988▲ $311,552
Prepaid Expenses and Deferred Charges$976,514$648,559▼ $327,955
Other Notes and Loans Receivable, Net$345,676$361,444▲ $15,768
Land, Buildings, and Equipment, Net$1,194,486$270,245▼ $924,241
Accounts Receivable$80,116$131,157▲ $51,041
Inventories for Sale or Use$90,184$81,922▼ $8,262
Intangible Assets$5,813$7,165▲ $1,352
Total Assets$8,814,871$8,347,222▼ $467,649
Other Assets Total$607,393$618,511▲ $11,118
Liabilities
Other Liabilities$1,078,366$1,106,661▲ $28,295
Deferred Revenue$802,827$409,439▼ $393,388
Accounts Payable and Accrued Expenses$317,439$354,108▲ $36,669
Mortgage Notes Payable Secured by Investment Property$1,120,279$152,582▼ $967,697
Total Liabilities$3,318,911$2,022,790▼ $1,296,121
Net Assets / Fund Balance
Unrestricted Net Assets$5,495,960$6,324,432▲ $828,472
Total Net Assets Fund Balance$5,495,960$6,324,432▲ $828,472
Total Liabilities and Net Assets / Fund Balance$8,814,871$8,347,222▼ $467,649

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,207$300,329$330,536
Buildings$131,443$64,661$196,104
Other Land Buildings$66,825-$66,825
Land$41,770-$41,770
Other Assets Org$618,511--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
R Bradley BeachamExecutive DirectorFT$169,968$54,961$224,929
Nicholas L MurphyChief Financial OfficerFT$139,717$6,149$145,866

Board Members and Trustees

NameTitle
C Andrew BenjaminCollegiate Grand Councilma
Conner J GanlyCollegiate Grand Councilma
Otha C NelsonCollegiate Grand Councilma
Ryan H BellCollegiate Grand Councilma
Timothy C HuffmyerGrand Treasurer
J Lee PerrettRegent
John a HearnRegent-elect
David M MainellaVice Regent
Jordan Cp WuVice Regent
Maury D GastonVice Regent
W Carter Hutchins JrVice Regent
Revenue and Support

Revenue Composition

Contributions and Grants
$2,329,296
Program Service Revenue
$784,592
Investment Income
$145,657
Other Revenue
$2,454,992
All Other Contributions
$180
Change in Net Assets
$778,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,692,330
Revenue Not Reported on Financial Statements
$22,207
Revenue Not Reported on Form 990
$349,959
Total Revenue per Audited Statements
$6,042,289
Total Revenue per Form 990
$5,714,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,284,495
Salaries, Compensation, and Employee Benefits$1,651,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel---$1,027,114
Other Salaries and Wages---$1,011,508
Insurance---$931,268
Fees for Services Other---$354,372
Current Officers, Directors, Trustees, and Key Employees---$353,827
Occupancy---$268,752
All Other Expenses---$161,482
Other Employee Benefits---$138,360
Payroll Taxes---$97,304
Office Expenses---$69,948
Other Expenses---$60,032
Pension Plan Contributions---$50,561
Fees for Service Investment Mgmnt Fees---$22,207
Depreciation Depletion---$20,721
Advertising---$10,327
Total Functional Expenses$0$0$0$4,936,055

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,213,817
Total Expenses per Form 990$4,936,055
Expenses per Audited Statements$4,913,848
Expenses Not Reported on Form 990$299,969
Expenses Not Reported on Financial Statements$22,207
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
Chapter Deposits$585,661
Risk Reduction Liability$521,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Any initiated member in good standing is considered a member of sigma nu fraternity, inc.”

Form 990, Part VI, Section A, Line 7A

“Each collegiate chapter elects two delegates, each alumni chapter elects one delegate and all current and certain past grand officers have one vote at grand chapter, which elects the high council (board of directors).”

Form 990, Part VI, Section A, Line 7B

“Grand chapter has the ultimate authority on all decisions.”

Form 990, Part VI, Section B, Line 11B

“The 990 is distributed to the high council (board of directors) for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“When a conflict of interest arises, prior to any business being conducted, the executive director reports the matter to the high council (board of directors) for disposition in accordance with applicable laws and regulations, which include, but are not limited to, the review of competing bids for such business activity and before engaging in any business that the nature of the relationship will be defined in writing. If any conflict of interest involves a member of the high council, that member recuses himself from any discussion, consideration, and/or voting on such matters.”

Form 990, Part VI, Section B, Line 15

“In determining the compensation for the executive director and other key employees the high council (board of directors) or executive director, as applicable, reviews compensation table publications from asae (american society of association executives) to obtain comparable data.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”

Form 990, Part VII, Column D

“Chief financial officer, nicholas l. Murphy is a shared employee between sigma nu fraternity, inc. And sigma nu educational foundation, inc. Sigma nu educational foundation,inc. Reimburses sigma nu fraternity, inc. For a portion of his salary. His time is split between the two organizations, approximately 35 hours per week to the fraternity and 25 hours to the foundation.”

Filing and Contact Details

Filer

Filer Name
Sigma Nu Fraternity Inc
EIN
54-0628798
Phone
5404631869
Address
PO BOX 1869, LEXINGTON, VA 24450

Signing Officer

Name
Nicholas L Murphy
Title
Chief Financial Officer
Phone
5404631869
Signed
2017-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Bradley Beacham
Formed
1869
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
40
Volunteers
2,144

Preparer

Firm
Pbmares Llp
Address
558 SOUTH MAIN STREET, HARRISONBURG, VA 22801
Preparer
Kevin Humphries
Phone
5404345975
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“Historical documents, photos, films, audio recordings and other digital media are preserved for the historical record of sigma nu fraternity for the benefit of current and future members.”

PART X, LINE 2:

“The fraternity is exempt from federal income taxes on membership related income under the internal revenue code section 501(c)7. Interest, dividends, and realized gains from securities and certain other forms of revenue are subject to federal income taxes as non-membership income except to the extent such income is utilized or designated (set aside) for charitable or educational purposes. The fraternity does set aside non-member income, with the exception of investment income from investments reserved for the payment of claims under self-insured retention requirements. Effective january 1, 2009, the fraternity adopted the provisions of accounting for uncertainty in income tax positions as required by the income taxes topic of the financial accounting standards board (fasb) accounting standards codification; however, management does not believe it is exposed to any such positions as they are defined in this guidance. The fraternity files form 990, return of organization exempt from income tax, annually with the united states department of treasury. Such returns for the tax years ended june 30, 2013 through 2016 remain open to potential examination by taxing authorities. The internal revenue code and applicable state statutes provide that income and expenses of the fraternity's subsidiary, fifth point properties, llc, are not separately taxable to the limited liability company, but rather accrue directly to sigma nu fraternity, inc.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 299,969.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 299,969.”

Raw XML AppendixShowing 400 of 548 raw XML fields

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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IRS990/GrossReceiptsAmt06850101
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GrossRentsGrp/RealAmt0157239
IRS990/GrossSalesOfInventoryAmt010286
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InitiationFeesAndCapContriAmt01108940
IRS990/InsuranceGrp/TotalAmt0931268
IRS990/IntangibleAssetsGrp/BOYAmt05813
IRS990/IntangibleAssetsGrp/EOYAmt07165
IRS990/InventoriesForSaleOrUseGrp/BOYAmt090184
IRS990/InventoriesForSaleOrUseGrp/EOYAmt081922
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt017402
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103502
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt086100
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03275253
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03677231
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0364990
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01194486
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0270245
IRS990/LandBldgEquipCostOrOtherBssAmt0635235
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0832067
IRS990/LessRentalExpensesGrp/RealAmt0299969
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt02329116
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP ETHICAL LEADERS INSPIRED BY THE PRINCIPLES OF LOVE, HONOR AND TRUTH. TO FOSTER THE PERSONAL GROWTH OF EACH MAN'S MIND, HEART AND CHARACTER. TO PERPETUATE LIFELONG FRIENDSHIPS AND COMMITMENT TO THE FRATERNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01120279
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0152582
IRS990/NetAssetsOrFundBalancesBOYAmt05495960
IRS990/NetAssetsOrFundBalancesEOYAmt06324432
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt042155
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt042155
IRS990/NetIncomeOrLossGrp/ExclusionAmt06758
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06758
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-142730
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-142730
IRS990/NetUnrelatedBusTxblIncmAmt031780
IRS990/NetUnrlzdGainsLossesInvstAmt049990
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0268752
IRS990/OfficeExpensesGrp/TotalAmt069948
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0607393
IRS990/OtherAssetsTotalGrp/EOYAmt0618511
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0138360
IRS990/OtherExpensesGrp/Desc0UBIT TAXES
IRS990/OtherExpensesGrp/Desc1CONTINGENCY PROVISIONS
IRS990/OtherExpensesGrp/Desc2SUBSCRIPTIONS & MEMBERS
IRS990/OtherExpensesGrp/Desc3GIFTS, AWARDS, CONTRIBU
IRS990/OtherExpensesGrp/TotalAmt07106
IRS990/OtherExpensesGrp/TotalAmt1276274
IRS990/OtherExpensesGrp/TotalAmt274892
IRS990/OtherExpensesGrp/TotalAmt360032
IRS990/OtherLiabilitiesGrp/BOYAmt01078366
IRS990/OtherLiabilitiesGrp/EOYAmt01106661
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0RISK REDUCTION
IRS990/OtherRevenueMiscGrp/Desc1OTHER
IRS990/OtherRevenueMiscGrp/Desc2SERVICES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02347802
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1106097
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt26250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02347802
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1106097
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt26250
IRS990/OtherRevenueTotalAmt02460149
IRS990/OtherSalariesAndWagesGrp/TotalAmt01011508
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0345676
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0361444
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt097304
IRS990/PensionPlanContributionsGrp/TotalAmt050561
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0976514
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0648559
IRS990/PrincipalOfficerNm0R BRADLEY BEACHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONCLAVE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0784592
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0784592
IRS990/ProgSrvcAccomActy2Grp/Desc0COLLEGIATE HOUSING AND REAL ESTATE SERVICES PROVIDE HOUSING FOR UNDERGRADUATE MEMBERS, SERVICES TO LOCAL CHAPTERS AND HOUSE CORPORATIONS AND EXPERTISE IN REAL ESTATE MANAGEMENT AND TRANSACTIONS.
IRS990/ProgSrvcAccomActy3Grp/Desc0CONCLAVES EXPENSE IS FOR HOSTING GRAND CHAPTER, WHICH IS A BIANNUAL LEGISLATIVE AND EDUCATIONAL CONVENTION ATTENDED BY COLLEGIATE AND ALUMNI MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0RECRUITMENT AND EXPANSION EFFORTS INCLUDE PROGRAMS AND INSTRUCTIONAL MATERIALS TO ASSIST THE FRATERNITY'S UNDERGRADUATE CHAPTERS IN RECRUITING NEW MEMBERS. EXPANSION CONSIST PRIMARILY OF EFFORTS TO ESTABLISH NEW CHAPTERS AT INSTITUTIONS WHERE THERE IS CURRENTLY NOT AN ACTIVE CHAPTER. EXPENDITURES FOR THESE ACTIVITIES INCLUDE TRAVEL, SUPPLIES, AND EDUCATIONAL INSTRUCTIONAL MATERIALS.OTHER PROGRAM SERVICES INCLUDE: CHAPTER AND COLLEGIATE SERVICES, ALUMNI AND VOLUNTEER SERVICES, EDUCATION PROGRAMS AND MEMBERSHIP PUBLICATIONS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02192785
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07666
IRS990/PYOtherExpensesAmt02966088
IRS990/PYOtherRevenueAmt02319410
IRS990/PYProgramServiceRevenueAmt0199350
IRS990/PYRevenuesLessExpensesAmt0249707
IRS990/PYSalariesCompEmpBnftPaidAmt01503416
IRS990/PYTotalExpensesAmt04469504
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04719211
IRS990/ReconcilationRevenueExpnssAmt0778482
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-142730
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0130815
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt0130815
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02239436
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02550988
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0131443
IRS990ScheduleD/BuildingsGrp/DepreciationAmt064661
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0196104
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt030207
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0300329
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0330536
IRS990ScheduleD/ExpensesNotReportedAmt0299969
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022207
IRS990ScheduleD/ExpensesSubtotalAmt04913848
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt022207
IRS990ScheduleD/InvestmentExpensesNotIncldAmt022207
IRS990ScheduleD/LandGrp/BookValueAmt041770
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041770
IRS990ScheduleD/NetUnrealizedGainsInvstAmt049990
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0618511
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FRMT, LTD.
IRS990ScheduleD/OtherExpensesIncludedAmt0299969
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066825
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0585661
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1521000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHAPTER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RISK REDUCTION LIABILITY
IRS990ScheduleD/OtherRevenueAmt0299969
IRS990ScheduleD/RevenueNotReportedAmt0349959
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt022207
IRS990ScheduleD/RevenueSubtotalAmt05692330
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HISTORICAL DOCUMENTS, PHOTOS, FILMS, AUDIO RECORDINGS AND OTHER DIGITAL MEDIA ARE PRESERVED FOR THE HISTORICAL RECORD OF SIGMA NU FRATERNITY FOR THE BENEFIT OF CURRENT AND FUTURE MEMBERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERSHIP RELATED INCOME UNDER THE INTERNAL REVENUE CODE SECTION 501(C)7. INTEREST, DIVIDENDS, AND REALIZED GAINS FROM SECURITIES AND CERTAIN OTHER FORMS OF REVENUE ARE SUBJECT TO FEDERAL INCOME TAXES AS NON-MEMBERSHIP INCOME EXCEPT TO THE EXTENT SUCH INCOME IS UTILIZED OR DESIGNATED (SET ASIDE) FOR CHARITABLE OR EDUCATIONAL PURPOSES. THE FRATERNITY DOES SET ASIDE NON-MEMBER INCOME, WITH THE EXCEPTION OF INVESTMENT INCOME FROM INVESTMENTS RESERVED FOR THE PAYMENT OF CLAIMS UNDER SELF-INSURED RETENTION REQUIREMENTS. EFFECTIVE JANUARY 1, 2009, THE FRATERNITY ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION; HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS THEY ARE DEFINED IN THIS GUIDANCE. THE FRATERNITY FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF TREASURY. SUCH RETURNS FOR THE TAX YEARS ENDED JUNE 30, 2013 THROUGH 2016 REMAIN OPEN TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES PROVIDE THAT INCOME AND EXPENSES OF THE FRATERNITY'S SUBSIDIARY, FIFTH POINT PROPERTIES, LLC, ARE NOT SEPARATELY TAXABLE TO THE LIMITED LIABILITY COMPANY, BUT RATHER ACCRUE DIRECTLY TO SIGMA NU FRATERNITY, INC.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 299,969.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 299,969.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0270245
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0618511
IRS990ScheduleD/TotalExpensesPerForm990Amt04936055
IRS990ScheduleD/TotalLiabilityAmt01106661
IRS990ScheduleD/TotalRevenuePerForm990Amt05714537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06042289
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05213817
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0169968
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount047725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07236
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0R BRADLEY BEACHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0224929
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY INITIATED MEMBER IN GOOD STANDING IS CONSIDERED A MEMBER OF SIGMA NU FRATERNITY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH COLLEGIATE CHAPTER ELECTS TWO DELEGATES, EACH ALUMNI CHAPTER ELECTS ONE DELEGATE AND ALL CURRENT AND CERTAIN PAST GRAND OFFICERS HAVE ONE VOTE AT GRAND CHAPTER, WHICH ELECTS THE HIGH COUNCIL (BOARD OF DIRECTORS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRAND CHAPTER HAS THE ULTIMATE AUTHORITY ON ALL DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS DISTRIBUTED TO THE HIGH COUNCIL (BOARD OF DIRECTORS) FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WHEN A CONFLICT OF INTEREST ARISES, PRIOR TO ANY BUSINESS BEING CONDUCTED, THE EXECUTIVE DIRECTOR REPORTS THE MATTER TO THE HIGH COUNCIL (BOARD OF DIRECTORS) FOR DISPOSITION IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS, WHICH INCLUDE, BUT ARE NOT LIMITED TO, THE REVIEW OF COMPETING BIDS FOR SUCH BUSINESS ACTIVITY AND BEFORE ENGAGING IN ANY BUSINESS THAT THE NATURE OF THE RELATIONSHIP WILL BE DEFINED IN WRITING. IF ANY CONFLICT OF INTEREST INVOLVES A MEMBER OF THE HIGH COUNCIL, THAT MEMBER RECUSES HIMSELF FROM ANY DISCUSSION, CONSIDERATION, AND/OR VOTING ON SUCH MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES THE HIGH COUNCIL (BOARD OF DIRECTORS) OR EXECUTIVE DIRECTOR, AS APPLICABLE, REVIEWS COMPENSATION TABLE PUBLICATIONS FROM ASAE (AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES) TO OBTAIN COMPARABLE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHIEF FINANCIAL OFFICER, NICHOLAS L. MURPHY IS A SHARED EMPLOYEE BETWEEN SIGMA NU FRATERNITY, INC. AND SIGMA NU EDUCATIONAL FOUNDATION, INC. SIGMA NU EDUCATIONAL FOUNDATION,INC. REIMBURSES SIGMA NU FRATERNITY, INC. FOR A PORTION OF HIS SALARY. HIS TIME IS SPLIT BETWEEN THE TWO ORGANIZATIONS, APPROXIMATELY 35 HOURS PER WEEK TO THE FRATERNITY AND 25 HOURS TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,347,222
Liabilities
$2,022,790
Net assets
$6,324,432
Revenue
$5,714,537
Expenses
$4,936,055
Net income
$778,482
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$2.14$7.78$8.03$8.63$0.60
2023Summary only. Only limited summary data is available for this year.$11.0$2.63$8.34$6.29$5.99$0.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.93$2.07$7.85$6.50$5.86$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.76$1.83$7.92$5.47$5.35$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$1.76$7.31$5.79$5.68$0.11
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.83$1.66$7.16$6.39$6.18$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.98$2.07$6.91$5.18$4.59$0.59
2017Detailed filing. Detailed filing data is available for this year.$8.35$2.02$6.32$5.71$4.94$0.78
2016Summary only. Only limited summary data is available for this year.$8.81$3.32$5.50$4.72$4.47$0.25
2015Detailed filing. Detailed filing data is available for this year.$8.10$2.86$5.24$5.18$4.57$0.61
2014Detailed filing. Detailed filing data is available for this year.$8.06$3.21$4.85$4.74$3.86$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.01$2.73$4.28$4.37
2012Summary only. Only limited summary data is available for this year.$6.75$2.86$3.88$4.43$3.92$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$3.18$3.36$3.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.42$3.60$2.82$3.69