Alpha Sigma Nu Incorporated EIN 39-1174431 Form 990 (PDF) Claim this org

Alpha Sigma Nu Incorporated

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Provides scholarships and fosters alumni clubs, continuing a tradition of scholarship, loyalty, and service. For fiscal year 2024 it reported $818K in revenue, $517K in expenses, and $1.9M in net assets.Pt I

Founded
1977
Type
Public charity (501(c)(3)) · Education
Location
Milwaukee, WI
Website
alphasigmanu.org
Filings
4 on file (2021–2024)
Revenue
$818KFY2024
Expenses
$517K
Net assets
$1.9M
People
15
Filings
4
Updates
0
More identity details & actions ⌄
EIN  39-1174431 Public charity (501(c)(3)) Milwaukee, WI Founded 1977
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides scholarships and fosters alumni clubs, continuing a tradition of scholarship, loyalty, and service.
Leadership
Clara Dwyer · Executive Director · $75K
Money in and out
$818K revenue, $517K expenses
Bottom line
33% program efficiency
Where the money goes · FY2024
Total revenue
$818K
Pt VIII · Ln 12
Total expenses
$517K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $301K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.67
Program efficiency
33%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
81.5mo
months of highly liquid reserves at operating expense rate▲ +134% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ +443% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$818K
FY2024▲ +76%
Expenses
$517K
FY2024▲ +0.7%
Total assets
$1.9M
FY2024▲ +19%
Total liabilities
$36K
FY2024▼ -55%
Total revenue
$818K
Pt VIII · Ln 12
Total expenses
$517K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$301K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlpha Sigma Nu Incorporated
EINHdr · item D39-1174431
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jalphasigmanu.org
Year of formationHdr · item L1977
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B84Z)
Ruling yearIRS BMFSep 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$75,134Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Clara Dwyer’s $75K as Executive Director is at the 67th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Katherine Gaertner$76,745$72,100
Clara Dwyer$75,134$75,134$37,000$1,442

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $151K of program spending, described in the organization's own filed words · FY2024.
01

ASN provides scholarship funds and grants to member institutions. The institutions select their scholarship recipients and decide how to utilize the grant funds on projects.

$63Kprogram expense
02

ASN publishes an annual magazine which is mailed to members and benefactors to keep them abreast of events and other newsworthy items related to ASN, its members, and member institutions.

$57Kprogram expense
03

Inductions of new members at member Jesuit institutions. ASN receives a onetime induction fee and each inductee receives a pin and certificate signifying their membership.

$30Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$531K · 65%
Program service revenue$144K · 18%
Investment income$130K · 16%
Other revenue$12K · 2%
Contributions & grants65%$531K
Program service revenue18%$144K
Investment income16%$130K
Other revenue2%$12K
Total revenueLn 12$818K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.67
Program services33%$172K
Management & general67%$345K
Total functional expensesLn 25$517K

Balance Sheet

Part X · end of year
CashLn 1$-11K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$36K
Total net assetsLn 32$1.9M
Months of cash on handcomputed-0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses (Pt IX) $517K · Less non-cash grants $250K · Cash operating expenses/yr $267K
81.5 months
Where the money goes
Program services
Program services $172K · Total expenses $517K
33%
Management & General
Management & general $345K · Total expenses $517K
67%
Fundraising
Fundraising $0 · Total expenses $517K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $335K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $531K · Total revenue $818K
65%
Government reliance
Government grants — · Total revenue $818K
Earned-income share
Program service revenue $144K · Total revenue $818K
18%
Investment reliance
Investment income $130K · Total revenue $818K
+16%
Program self-sufficiency
Program service revenue $144K · Total expenses $517K
28%
Growth & trend
Revenue growth (YoY)
This year $818K · Prior year $463K
+76%
Revenue CAGR
FY2020 $542K · FY2024 $818K
+11%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $818K · Expenses $517K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
96%
People & payroll
Highest Reported Total Compensation
Individual Clara Dwyer · Reported title Executive Director · Highest reported compensation $75K · Total expenses $517K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $232K · Total expenses $517K
45%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 67%
Revenue growth 76%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

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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$463K revenue · ⤓ 990 PDF
FY2023$458K revenue · ⤓ 990 PDF
FY2022$427K revenue · ⤓ 990 PDF
FY2021$542K 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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