Sigma Nu Educational Foundation Inc
- Assets
- $16.8m
- Revenue
- $2.3m
- Investments
- $4.7m
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 09/1951
- Data as of
- 06/2021
- EIN
- 54-6035735
Organization Overview
Sigma Nu Educational Foundation Inc is located in Lexington, VA. The organization was established in 1951. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Sigma Nu Educational Foundation Inc 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 06/2021, Sigma Nu Educational Foundation Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sigma Nu Educational Foundation Inc has awarded 35 individual grants totaling $1,399,734. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SIGMA NU EDUCATIONAL FOUNDATION SECURES AND PROVIDES ENDURING RESOURCES TO SUPPORT THE EDUCATIONAL AND CHARITABLE INITIATIVES OF SIGMA NU FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND EDUCATIONAL ASSISTANCE TO CHAPTERS AND HOUSING ENTITIES: PROVIDES GRANTS TO SUPPORT THE EDUCATIONAL PROGRAMS OF INDIVIDUAL CHAPTERS AND HOUSING ENTITIES OF SIGMA NU FRATERNITY, INC. THESE PROGRAMS INCLUDE THE IMPLEMENTATION OF THE LEAD PROGRAM, QUALIFIED EDUCATIONAL EXPENDITURES FOR HOUSING, AND OTHER EDUCATIONAL PROGRAMS OF THE CHAPTER.
PROVIDES FOR THE CARE AND MAINTENANCE OF THE SIGMA NU HEADQUARTERS SHRINE LOCATED IN LEXINGTON, VIRGINIA.
SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO COLLEGIATE MEMBERS: SUPPORTS THE EDUCATIONAL PURSUITS OF INDIVIDUAL MEMBERS OF SIGMA NU FRATERNITY, INC. THROUGH SCHOLARSHIPS, FELLOWSHIPS, AND OTHER FINANCIAL ASSISTANCE FOR THE OBTAINMENT OF EDUCATIONAL AND LEADERSHIP ACTIVITIES.
GRANTS AND EDUCATIONAL ASSISTANCE TO SIGMA NU FRATERNITY, INC. PROVIDES GRANTS TO SUPPORT THE VARIOUS CHAPTER EDUCATIONAL PROGRAMS INCLUDING THE LEAD PROGRAM. THE LEAD PROGRAM, (WHICH IS AN ACRONYM FOR LEADERSHIP, ETHICS, ACHIEVEMENT, AND DEVELOPMENT), IS A MULTI-PHASE LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO BUILD ETHICAL LEADERS AND DEVELOP THE HEART, MIND, AND CHARACTER OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Lalanne Treasurer | OfficerTrustee | 5 | $0 |
Daniel W Maslauski Secretary | OfficerTrustee | 2 | $0 |
Ben A Buettell Chairman | OfficerTrustee | 5 | $0 |
Todd E Eliason Chairman-Elect | OfficerTrustee | 5 | $0 |
R Bradley Beacham President | Officer | 10 | $0 |
David M Mainella Chief Development Officer | Officer | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,867,841 |
| Investment income | $133,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81,378 |
| Net Income from Fundraising Events | $4,656 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,302,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $44,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $374,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,810 |
| Pension plan accruals and contributions | $4,224 |
| Other employee benefits | $16,475 |
| Payroll taxes | $10,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,484 |
| Fees for services: Accounting | $20,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,823 |
| Fees for services: Other | $78,812 |
| Advertising and promotion | $0 |
| Office expenses | $89,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,613 |
| Travel | $2,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,497 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,159 |
| Insurance | $26,974 |
| All other expenses | $0 |
| Total functional expenses | $1,935,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,844,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,685,629 |
| Accounts receivable, net | $8,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,632,810 |
| Inventories for sale or use | $19,603 |
| Prepaid expenses and deferred charges | $20,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,662,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $331,520 |
| Total assets | $16,834,611 |
| Accounts payable and accrued expenses | $151,780 |
| Grants payable | $42,052 |
| Deferred revenue | $1,000 |
| 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 | $91,900 |
| Other liabilities | $270,244 |
| Total liabilities | $556,976 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,277,635 |
Grants Awarded
Over the last fiscal year, Sigma Nu Educational Foundation Inc has awarded $237,944 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
West Lafayette, IN PURPOSE: EDUCATIONAL GRANT | $76,712 |
Port Orford, OR PURPOSE: EDUCATIONAL GRANT | $61,000 |
BETA TAU CHAPTER OF SIGMA NU FRATERNITY HOUSE CORPORATION INC PURPOSE: EDUCATIONAL GRANT | $37,452 |
Bedford, IN PURPOSE: EDUCATIONAL GRANT | $18,146 |
DELTA EPSILON - SIGMA NU CORPORATION OF OKLAHOMA PURPOSE: EDUCATIONAL GRANT | $15,500 |
Arlington, TN PURPOSE: EDUCATION GRANT | $13,135 |
Grants Recieved
Over the last fiscal year, we have identified 28 grants that Sigma Nu Educational Foundation Inc has recieved totaling $167,040.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,108 |
Dillingham Foundation Enid, OK PURPOSE: SCHOLARSHIPS FOR COLLEGE STUDENTS AND EDUCATIONAL FUNDING | $25,000 |
Agape Foundation Chicago, IL PURPOSE: GENERAL PURPOSES OF DONEE ORGANIZATION | $20,000 |
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: STUDENT SORORITIES, FRATERNITIES | $12,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,250 |
Loomis Foundation Inc Overland Park, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Endowment Analysis
| Beg. Balance | $563,649 |
| Earnings | $129,789 |
| Admin Expense | $19,237 |
| Grants | $1,750 |
| Ending Balance | $672,451 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weachieve Inc Silver Spring, MD | $15,012,410 | $16,647,397 |
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Phi Beta Kappa Society Washington, DC | $4,794,114 | $5,810,818 |
Zeta Phi Beta Sorority Inc Washington, DC | $20,915,125 | $7,582,963 |
Phi Sigma Sigma National Housing Corporation Eldersburg, MD | $5,105,404 | $4,513,250 |
Phi Beta Sigma Fraternity Inc Washington, DC | $7,959,473 | $5,690,900 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Phi Gamma Delta Educational Foundation Lexington, KY | $23,695,128 | $3,021,786 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |