Alpha Sigma Alpha Sorority
- Assets
- $140.9k
- Revenue
- $221.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 09/1969
- Data as of
- 05/2023
- EIN
- 54-6052245
Organization Overview
Alpha Sigma Alpha Sorority is located in Indianapolis, IN. The organization was established in 1969. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Alpha Sigma Alpha Sorority is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Alpha Sigma Alpha Sorority generated $221.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $206.1k during the year ending 05/2023. While expenses have increased by 32.6% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALPHA SIGMA ALPHA PROMOTES HIGH IDEALS AND STANDARDS FOR ITS MEMBERS THROUGHOUT THEIR LIVES BY EMPHASIZING BALANCE AMONG OUR FOUR AIMS OF INTELLECTUAL, PHYSICAL, SOCIAL AND SPIRITUAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - THE SORORITY PROVIDES SERVICES TO ITS MEMBERS INCLUDING REGULAR STAFF VISITS FROM NATIONAL STAFF, PUBLICATIONS, RESOURCES AND GUIDANCE.
LEADERSHIP TRAINING CONFERENCES AND CONVENTIONS - THE SORORITY PROVIDES PROGRAMMING EDUCATION AND SUPPORT FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL, INTELLECTUAL, CHARACTER AND LEADERSHIP SKILLS. THIS IS DONE PRIMARILY THROUGH TRAINING SESSIONS, CONFERENCES AND A BI-ANNUAL CONVENTION.
PHILANTHROPIC EFFORTS - THE SORORITY PROVIDES FOR PHILANTHROPIC PROGRAMS THROUGH VARIOUS JOINT EFFORTS WITH AND CONTRIBUTIONS TO VARIOUS NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penelope Alice Scheck Collegiate President | Officer | 10 | $0 |
Paige Erickson Collegiate VP Of Public Relations And Recruitment | Officer | 10 | $0 |
Olivia Butera Collegiate VP Of Alumnae & Heritage | Officer | 10 | $0 |
Taylor Bonser Collegiate VP Of Programming And Ritual | Officer | 10 | $0 |
Ava Stielau Collegiate VP Of Membership Education | Officer | 10 | $0 |
Ella Adam Collegiate Secretary | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $209,618 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,618 |
| Total Program Service Revenue | $13,746 |
| Investment income | $424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,432 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$302 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,824 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,024 |
| Office expenses | $23,540 |
| Information technology | $2,250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,256 |
| All other expenses | $21,578 |
| Total functional expenses | $206,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,759 |
| Savings and temporary cash investments | $25,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,186 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,178 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $140,875 |
| Accounts payable and accrued expenses | $1,178 |
| Grants payable | $0 |
| Deferred revenue | $80,185 |
| 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 | $0 |
| Total liabilities | $81,363 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $59,512 |
| Total liabilities and net assets/fund balances | $140,875 |