Sigma Nu Fraternity EIN 04-3221020 Form 990 (PDF) Claim this org

Sigma Nu Fraternity

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Offers housing for fraternity students. For fiscal year 2024 it reported $343K in revenue, $345K in expenses, and $7K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Jacksonville, FL
Website
sigmanu.mit.edu
Filings
5 on file (2020–2024)
Revenue
$343KFY2024
Expenses
$345K
Net assets
$7K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3221020 Mutual-benefit / member-serving Jacksonville, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing for fraternity students.
Leadership
Mannendri Olivares · President
Money in and out
$343K revenue, $345K expenses
Bottom line
-0.8% surplus margin
Reported financial activity · FY2024
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$345K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Surplus margin
-0.8%
revenue over expenses, this year▲ +89% vs prior filing year
Program spending
99%
of expenses reach programs▲ +0.7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$343K
FY2024▼ -15%
Expenses
$345K
FY2024▼ -20%
Total assets
$15K
FY2024▲ +41%
Total liabilities
$8K
FY2024▲ ×12
Total revenue
$343K
Pt VIII · Ln 12
Total expenses
$345K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$15K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSigma Nu Fraternity
EINHdr · item D04-3221020
Principal addressHdr · item CJacksonville, FL
WebsiteHdr · item Jsigmanu.mit.edu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1940

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $343K of program spending, described in the organization's own filed words · FY2024.
01

Housing for approximately 25 fraternity brothers attending mit

$343Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$278K · 81%
Contributions & grants$64K · 19%
Program service revenue81%$278K
Contributions & grants19%$64K
Total revenueLn 12$343K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$343K
Management & general1%$3K
Total functional expensesLn 25$345K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$15K
Total liabilitiesLn 26$8K
Total net assetsLn 32$7K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $345K
0.5 months
Where the money goes
Program services
Program services $343K · Total expenses $345K
99%
Management & General
Management & general $3K · Total expenses $345K
0.8%
Fundraising
Fundraising $0 · Total expenses $345K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $343K
19%
Government reliance
Government grants — · Total revenue $343K
Earned-income share
Program service revenue $278K · Total revenue $343K
81%
Investment reliance
Investment income $0 · Total revenue $343K
0%
Program self-sufficiency
Program service revenue $278K · Total expenses $345K
81%
Growth & trend
Revenue growth (YoY)
This year $343K · Prior year $404K
-15%
Revenue CAGR
FY2020 $198K · FY2024 $343K
+15%
Net-asset trend (YoY)
End of year $7K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $343K · Expenses $345K
-0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $15K
Net-asset ratio
Net assets $7K · Total assets $15K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mannendri Olivares · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $345K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $345K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.8%
Fundraising cost ratio 0%
Revenue growth -15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$343K revenue · viewing · ⤓ 990 PDF
FY2023$404K revenue · ⤓ 990 PDF
FY2022$365K revenue · ⤓ 990 PDF
FY2021$190K revenue · ⤓ 990 PDF
FY2020$198K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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