Sigma Nu Fraternity is located in Lexington, VA. The organization was established in 1940. 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 06/2022, Sigma Nu Fraternity employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Nu Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Sigma Nu Fraternity generated $1.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (67.5%) each year. All expenses for the organization totaled $2.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (61.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE ROOM AND BOARD, SUPERVISION, AND ALUMNI CONTACTS FOR UNDERGRADUATE MEMBERS OF A LOCAL CHAPTER OF A NATIONAL FRATERNAL ORGANIZATION ON THE CAMPUS OF AN EDUCATIONAL INSTITUTION
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Lennon House Corp P | 1 | $0 | |
Christopher Browning House Corp T | 1 | $0 | |
Thomas Tagle House Corp M | 1 | $0 | |
Don Skelly House Corp M | 1 | $0 | |
Paul Reilly House Corp M | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,335 |
| Total Revenue | $1,335 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $78 |
| Total expenses | $2,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,677 |
| Other assets | $0 |
| Total assets | $97,901 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,901 |