Alpha Sigma Phi Fraternity Inc
- Assets
- $4.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Carmel, IN
- Founding
- 04/1941
- Data as of
- 06/2021
- EIN
- 31-4359813
Organization Overview
Alpha Sigma Phi Fraternity Inc is located in Carmel, IN. The organization was established in 1941. 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 06/2021, Alpha Sigma Phi Fraternity Inc employed 31 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Sigma Phi Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Alpha Sigma Phi Fraternity Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BETTER THE MAN THROUGH THE CREATION AND PERPETUATION OF BROTHERHOOD FOUNDED UPON THE VALUES OF CHARACTER: SILENCE, CHARITY, HONOR, PURITY, AND PATRIOTISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEVATE: INTERNATIONAL LEADERSHIP CONFERENCE, INCLUDING SPECIFIC TRACKS SUCH AS CAREER PREPARATION, HEALTH & WELLNESS, SERVICE & PHILANTHROPY, PROFESSIONAL SPEAKING, RITUAL, RECRUITMENT, ETC.
ALUMNI 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.
CHAPTER/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.
CHAPTER SERVICES, EXPANSION, GOVERNANCE, SCHOLARSHIPS, AND UNDERGRADUATE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon F Heminger President/ce | Officer | 50 | $193,650 |
Matthew Humberger VP And COO | OfficerTrustee | 50 | $139,000 |
Gregory M Kroencke Grand Sr. Pr | OfficerTrustee | 1 | $0 |
Steve Zizzo Grand Treasu | OfficerTrustee | 1 | $0 |
Aaron Bullock Grand Secret | OfficerTrustee | 1 | $0 |
Jason Nolen-Doerr Grand Jr. Pr | OfficerTrustee | 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 | $327,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,500 |
| Total Program Service Revenue | $2,481,897 |
| Investment income | $37,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $99,905 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $61,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,578,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,118 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,114,971 |
| Pension plan accruals and contributions | $23,009 |
| Other employee benefits | $109,663 |
| Payroll taxes | $93,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,709 |
| Fees for services: Other | $4,229 |
| Advertising and promotion | $5,227 |
| Office expenses | $30,488 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,320 |
| Travel | $330,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,128 |
| Insurance | $0 |
| All other expenses | $67,471 |
| Total functional expenses | $3,241,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,212 |
| Savings and temporary cash investments | $300,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,044,735 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,918 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,772,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,118 |
| Total assets | $4,417,023 |
| Accounts payable and accrued expenses | $237,290 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,792 |
| Total liabilities | $500,082 |
| Net assets without donor restrictions | $3,916,941 |
| Net assets with donor restrictions | $0 |
| 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 | $4,417,023 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Sigma Phi Fraternity Inc has recieved totaling $560,000.
| Awarding Organization | Amount |
|---|---|
Alpha Sigma Phi Foundation Inc Carmel, IN PURPOSE: EDUCATIONAL, LEADERSHIP, AND CHARACTER DEVELOPMENT PROGRAMS | $560,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |