Sigma Nu Fraternity FY2020 filing

Not tax-deductible

Lawrence, KS501(c)(7)EIN 48-0417720Revenue $769K in FY2020

On file with the IRSkansassigmanu.com1501 Sigma Nu Pl, 66044-2525 · Lawrence, KSTax-exempt since Dec 1940

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Undergraduate chapter of a national collegiate social Fraternity.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $445K a year · 33% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$418K
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 14 voting members
Concern: none of 14 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$769K
Spent
$730K
To programs
0%
Net assets
$733K
By yearFY2020–FY2025
Revenue
$769K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$769K
FY2021$678K
FY2022$831K
FY2023$927K
FY2024$1.3M
FY2025$3.6M
Expenses
$730K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$730K
FY2021$692K
FY2022$794K
FY2023$963K
FY2024$966K
FY2025$1.2M
Net assets
$733K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$733K
FY2021$718K
FY2022$755K
FY2023$719K
FY2024$1.0M
FY2025$3.6M

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Corp Board T
$0Pt VII · Sec A
Social Chair
$0Pt VII · Sec A
Lt Commander
$0Pt VII · Sec A
$0Pt VII · Sec A
Scholarship
$0Pt VII · Sec A
Commander
$0Pt VII · Sec A
Risk Reducti
$0Pt VII · Sec A
House Manage
$0Pt VII · Sec A
See Sigma Nu Fraternity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports college men through brotherhood, leadership, and service programs.

Provided by the organization

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1 program · in their own filed words · FY2019
01

To provide meals and housing to the local members of the national collegiate social fraternity and to complement and enhance the educational mission of the university through social, educational, and philanthropic activites.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$769K
Ln 12
Fees for servicesLn 2g$768K
Gifts and grantsLn 1h$1K
Investment incomeLn 3$1
Money outPt IX
$730K
Ln 25
Owns and owesPt X
$733K
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$1.2M
LiabilitiesLn 26$418K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$768K
Investment incomeLn 3$1
Total revenueLn 12$769K
Assets in detailPt X, end of year
CashLn 1$139K
Cash and savings togetherLn 1–2$139K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$418K
Net assetsLn 32$733K
OperationsPt I, VI
EmployeesI 51
VolunteersI 619
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$147K$139K
Land, buildings, equipmentLn 10c$1.0M$1.0M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$459K$418K
Net assetsLn 32$693K$733K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$32K
Payroll taxesLn 10$13K
Legal feesLn 11b$380
Accounting feesLn 11c$15K
Office expensesLn 13$7K
OccupancyLn 16$300K
InterestLn 20$21K
Depreciation, depletion and amortizationLn 22$30K
Other expenses (24a–d)Ln 24$281K
All other expensesLn 24e$31K
Total functional expensesLn 25$730K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.6M$1.2M$2.3M$3.6M 990 PDF
FY2024 $1.3M$966K$328K$1.0M 990 PDF
FY2023 $927K$963K−$36K$719K 990 PDF
FY2022 $831K$794K$37K$755K 990 PDF
FY2021 $678K$692K−$14K$718K 990 PDF
FY2020 Viewing $769K$730K$40K$733K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $769,206 revenue, 12 lines filed
I-8 Contributions and grants$1,000
I-9 Program service revenuePrior year $795,526$768,205
I-10 Investment income$1
I-11 Other revenue$0
I-12 Total revenuePrior year $795,526$769,206
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,767$45,592
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $677,139$684,069
I-18 Total expensesPrior year $716,906$729,661
I-19 Revenue less expensesPrior year $78,620$39,545
Part VI · Governance 0 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $769,206 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $768,205$768,205
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $768,206$769,206
Part IX · Statement of functional expenses $729,661 across 10 lines filed
IX-7 Other salaries and wages$32,460
IX-10 Payroll taxes$13,132
IX-11b Legal fees$380
IX-11c Accounting fees$15,163
IX-13 Office expenses$6,546
IX-16 Occupancy$299,555
IX-20 Interest$20,844
IX-22 Depreciation, depletion and amortization$29,692
IX-24 Other expenses (24a–d)$281,261
IX-24e All other expenses$30,628
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$729,661
Part X · Balance sheet $1,150,333 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $147,308$138,599
X-10c Land, buildings and equipment, netStart of year $1,004,841$1,011,734
X-16 Total assetsStart of year $1,152,149$1,150,333
X-24 Unsecured notes and loans payableStart of year $458,902$417,541
X-26 Total liabilitiesStart of year $458,902$417,541
X-32 Total net assets or fund balancesStart of year $693,247$732,792
X-33 Total liabilities and net assetsStart of year $1,152,149$1,150,333
Part XI · Reconciliation of net assets $732,792 net assets at year end
XI-1 Total revenue$769,206
XI-2 Total expenses$729,661
XI-3 Revenue less expenses$39,545
XI-4 Net assets at start of year$693,247
XI-10 Net assets at end of year$732,792

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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