Sigma Alpha Mu Foundation
- Assets
- $10.7m
- Revenue
- $966.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Indianapolis, IN
- Founding
- 09/1944
- Data as of
- 05/2022
- EIN
- 13-6093817
Organization Overview
Sigma Alpha Mu Foundation is located in Indianapolis, IN. The organization was established in 1944. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Sigma Alpha Mu Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Alpha Mu Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Sigma Alpha Mu Foundation generated $966.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $602.8k during the year ending 05/2022. While expenses have increased by 0.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.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.
Describe the Organization's Program Activity:
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.
SCHOLARSHIPS ARE AWARDED TO UNDERGRADUATES AND GRADUATE STUDENTS ATTENDING COLLEGES AND UNIVERSITIES IN THE UNITED STATES AND CANADA. THE SCHOLARSHIPS ARE PROVIDED TO ENABLE THE PURSUIT OF HIGHER EDUCATION.
CHARITABLE CONTRIBUTIONS MADE TO OTHER INSTITUTIONS FOR SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis G Paese Vice President/director | OfficerTrustee | 5 | $0 |
Aaron M Girson Treasurer/director | OfficerTrustee | 5 | $0 |
John Paine Secretary/director | OfficerTrustee | 5 | $0 |
Robert S Weiss President/director | OfficerTrustee | 5 | $0 |
Ryan Robertson Assistant Treasurer/direct | OfficerTrustee | 5 | $0 |
Richard Hall Williamson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,703 |
| Noncash contributions included in lines 1a–1f | $33,149 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $476,703 |
| Total Program Service Revenue | $0 |
| Investment income | $501,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,425 |
| Net Gain/Loss on Asset Sales | -$41,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,296 |
| Grants and other assistance to domestic individuals. | $241,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,479 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,408 |
| Payroll taxes | $5,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,656 |
| Fees for services: Accounting | $20,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,242 |
| Fees for services: Other | $2,163 |
| Advertising and promotion | $0 |
| Office expenses | $8,122 |
| Information technology | $18,167 |
| Royalties | $0 |
| Occupancy | $4,045 |
| Travel | $629 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,394 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,192 |
| Insurance | $19,234 |
| All other expenses | $4,680 |
| Total functional expenses | $602,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,246 |
| Savings and temporary cash investments | $644,629 |
| Pledges and grants receivable | $244,427 |
| Accounts receivable, net | $1,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,327 |
| Prepaid expenses and deferred charges | $18,313 |
| Net Land, buildings, and equipment | $644,962 |
| Investments—publicly traded securities | $8,881,027 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,724,306 |
| Accounts payable and accrued expenses | $10,447 |
| Grants payable | $47,015 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $234,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,446 |
| Total liabilities | $324,451 |
| Net assets without donor restrictions | $1,238,192 |
| Net assets with donor restrictions | $9,161,663 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,724,306 |
Grants Awarded
Over the last fiscal year, Sigma Alpha Mu Foundation has awarded $46,108 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: LEADERSHIP SCHOOLS, ALCOHOL AWARENESS EDUCATION AND CITIZENSHIP TRAINING | $40,383 |
Syracuse, NY PURPOSE: EDUCATIONAL SCHOLARSHIPS | $5,725 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sigma Alpha Mu Foundation has recieved totaling $13,856.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,122 |
Schmetterling Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Richard And Ellen Sandler Family Foundation Santa Monica, CA PURPOSE: GENERAL PUBLIC BENEFIT | $1,250 |
Organization Name not Listed PURPOSE: OPERATIONS | | $1,000 |
The Lassen Family Foundation Inc Palm Beach, FL PURPOSE: CHARITABLE | $1,000 |
Fiszel Family Foundation New York, NY PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $8,154,506 |
| Earnings | -$422,021 |
| Admin Expense | $83,514 |
| Net Contributions | $114,637 |
| Other Expense | -$82,864 |
| Grants | $190,421 |
| Ending Balance | $7,656,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |