Sigma Alpha Mu Fraternity
- Assets
- $369.7k
- Revenue
- $680.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 04/1941
- Data as of
- 07/2023
- EIN
- 74-0898333
Organization Overview
Sigma Alpha Mu Fraternity is located in Austin, TX. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Alpha Mu Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Sigma Alpha Mu Fraternity generated $680.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $549.2k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. 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
TO FOSTER THE DEVELOPMENT OF COLLEGIATE MEN AND ALUMNI BY INSTILLING STRONG FRATERNAL VALUES, OFFERING SOCIAL AND SERVICE OPPORTUNITIES, ENCOURAGING ACADEMIC AND LEADERSHIP SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SIGMA THETA CHAPTER OF SIGMA ALPHA MU WAS FOUNDED AT THE UNIVERSITY OF TEXAS ON OCTOBER 22,1922 AND IS A STRONG MEMBER OF THE INTERFRATERNITY COUNCIL. THE FRATERNITY CONSISTENTLY RANKS IN THE TOP 3 FOR ACTIVE GRADE POINT AVERAGE AMONG 26 FRATERNITIES ON CAMPUS. WE HOLD OUR MEMBERS TO A VERY HIGH ACADEMIC STANDARD. OUR MEMBERS MAKE UP A WIDE GEOGRAPHIC DIVERSITY WITH MEMBERS COMING FROM ALL OVER TEXAS AND AROUND THE COUNTRY. MANY SOCIAL EVENTS ARE HELD AT THE CHAPTER HOUSE THROUGHOUT THE SCHOOL YEAR. MEMBERS PARTICIPATE IN ATHLETICS COMPETITIONS AMONG THE OTHER FRATERNITIES ON CAMPUS.
MEMBERS OF THE FRATERNITY HOLD LEADERSHIP POSITIONS IN A VARIETY OF DIFFERENT ON-CAMPUS STUDENT ORGANIZATIONS SUCH AS STUDENT GOVERNMENT, INTERFRATERNITY COUNCIL, TEXAS COWBOYS, TEXAS SILVER SPURS, UNIVERSITY FINANCE ASSOCIATION AND UNDERGRADUATE BUSINESS COUNCIL.
THE FRATERNITY CULTIVATES A STRONG BOND BETWEEN ITS MEMBERS AND THE JEWISH COMMUNITY AT THE UNIVERSITY OF TEXAS THROUGH INVOLVEMENT WITH THE CHABAD JEWISH STUDENT CENTER AND THE TEXAS HILLEL FOUNDATION. THE CHAPTER ALSO HAS A SIGNIFICANT INVOLVEMENT IN PHILANTHROPIC ENDEAVORS THROUGHOUT THE SCHOOL YEAR BY DONATING THEIR TIME AND RAISING MONEY FOR VARIOUS AREA- WIDE CHARITABLE CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Maltz President | OfficerTrustee | 1 | $0 |
Bruce Golden Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $544,211 |
| 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 | $544,211 |
| Total Program Service Revenue | $135,740 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $679,952 |
| 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 | $74,960 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,855 |
| 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 | $300 |
| Advertising and promotion | $0 |
| Office expenses | $11,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,979 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $185 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $42,785 |
| All other expenses | $51,078 |
| Total functional expenses | $549,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,475 |
| Total assets | $369,700 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $369,700 |
| Total liabilities and net assets/fund balances | $369,700 |