Sigma Nu Fraternity INC

Not tax-deductible

Lexington, VA501(c)(7)Since 1869EIN 54-0628798

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To develop ethical leaders inspired by the principles of love, honor and truth. To foster the personal growth of each man's mind, heart and character. To perpetuate lifelong friendships and commitment to the Fraternity.

50¢ of each $1 spent went to programs.
Run by 2,122 volunteers and 32 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $114K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$590K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.3M
-9% vs prior year
Spent
$6.8M
To programs
50%
Net assets
$8.3M
By yearFY2020–FY2024
Revenue
$7.3M
FY2024▼ -9%
Revenue by fiscal year
FY2020$5.8M
FY2021$5.5M
FY2022$6.5M
FY2023$6.3M
FY2024$8.0M
FY2024$7.3M
Expenses
$6.8M
FY2024▼ -21%
Expenses by fiscal year
FY2020$5.7M
FY2021$5.3M
FY2022$5.9M
FY2023$6.0M
FY2024$8.6M
FY2024$6.8M
Net assets
$8.3M
FY2024▲ +7%
Net assets by fiscal year
FY2020$7.3M
FY2021$7.9M
FY2022$7.9M
FY2023$8.3M
FY2024$7.8M
FY2024$8.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $3.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $590K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$384,197Pt VII · Sec A
Chief Financial Officer
$205,876Pt VII · Sec A
Grand Treasurer
$0Pt VII · Sec A
Vice Regent
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Regent
$0Pt VII · Sec A
Vice Regent
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
R Bradley Beacham$384,197$381,250$365,089$371,573$354,796$347,900
Nicholas L Murphy$205,876$200,218$193,502$191,756$185,700$183,825

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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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 15aYes

Programs and updates

Develops ethical leaders for society by fostering members' personal growth.

Provided by the organization

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3 program services account for $3.4M of program spending, described in the organization's own filed words · FY2024.
01

Risk reduction program is established to provide insurance protection for undergraduate and volunteer alumni members who assist in the educational development of the undergraduate members at the campus locations.

$3.0Mprogram expense
02

Conclaves expense is for hosting grand chapter, which is a biannual legislative and educational convention attended by collegiate and alumni members.

$320Kprogram expense
03

Collegiate housing and real estate services provide housing for undergraduate members, services to local chapters and house corporations and expertise in real estate management and transactions.

$75Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$14K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.3M
Ln 12
Other incomeLn 4–11$4.0M
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$320K
Money outPt IX
$6.8M
Ln 25
Programscol B$3.4M
Owns and owesPt X
$8.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$11.0M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$320K
Investment incomeLn 3$314K
Other incomeLn 4–11$4.0M
Gains on assetsLn 7$63K
Total revenueLn 12$7.3M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$3.2M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$1.1M
Total assetsLn 16$11.0M
LiabilitiesLn 26$2.6M
Net assetsLn 32$8.3M
OperationsPt I, VI
EmployeesI 532
VolunteersI 62,122
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.6M$3.7M
InvestmentsLn 11–13$2.7M$3.2M
Land, buildings, equipmentLn 10c$25K$4K
Total assetsLn 16$9.9M$11.0M
LiabilitiesLn 26$2.1M$2.6M
Net assetsLn 32$7.8M$8.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M
Pension plan contributionsLn 8$76K
Other employee benefitsLn 9$190K
Payroll taxesLn 10$167K
Legal feesLn 11b$118K
Accounting feesLn 11c$18K
Investment management feesLn 11f$23K
Other fees for servicesLn 11g$330K
Advertising and promotionLn 12$6K
Office expensesLn 13$33K
OccupancyLn 16$350K
TravelLn 17$770K
Depreciation, depletion and amortizationLn 22$23K
InsuranceLn 23$1.6M
Other expenses (24a–d)Ln 24$1.3M
All other expensesLn 24e$204K
Total functional expensesLn 25$6.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.0M$8.6M−$597K$7.8M 990 PDF
FY2023 $6.3M$6.0M$303K$8.3M 990 PDF
FY2022 $6.5M$5.9M$634K$7.9M 990 PDF
FY2021 $5.5M$5.3M$119K$7.9M 990 PDF
FY2020 $5.8M$5.7M$114K$7.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $7,318,475 across 9 lines filed
Lines not itemized here account for $6,981 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,709,560
VIII-1h Total contributions, gifts and grants$2,709,560
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $319,524$319,524
VIII-3 Investment incomeUnrelated business $85,181 · Excluded from tax $165,436$250,617
VIII-5 RoyaltiesUnrelated business $95,960$95,960
VIII-6 Net rental income or lossExcluded from tax −$74,939−$74,939
VIII-7 Net gain or loss on sales of assetsUnrelated business $63,071$63,071
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,699,961 · Unrelated business $3,266 · Excluded from tax $244,474$3,947,701
VIII-12 Total revenueRelated to mission $4,026,466 · Unrelated business $247,478 · Excluded from tax $334,971$7,318,475
Part IX · Statement of functional expenses $6,802,706 across 16 lines filed
IX-7 Other salaries and wages$1,639,430
IX-8 Pension plan contributions$76,498
IX-9 Other employee benefits$189,669
IX-10 Payroll taxes$166,713
IX-11b Legal fees$117,993
IX-11c Accounting fees$18,050
IX-11f Investment management fees$22,902
IX-11g Other fees for services$330,209
IX-12 Advertising and promotion$6,000
IX-13 Office expenses$32,512
IX-16 Occupancy$350,496
IX-17 Travel$770,463
IX-22 Depreciation, depletion and amortization$22,818
IX-23 Insurance$1,604,502
IX-24 Other expenses (24a–d)$1,250,166
IX-24e All other expenses$204,285
IX-25 Total functional expenses$6,802,706
Part X · Balance sheet $10,957,503 assets, 17 lines filed
Asset lines not itemized here account for $1,085,848; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $24,238$11,962
X-2 Savings and temporary cash investmentsStart of year $3,609,595$3,642,838
X-4 Accounts receivableStart of year $909,095$1,123,255
X-8 Inventories for sale or useStart of year $118,044$147,625
X-9 Prepaid expenses and deferred chargesStart of year $511,843$693,708
X-10c Land, buildings and equipment, netStart of year $24,829$4,325
X-11 Publicly traded securitiesStart of year $2,675,210$3,181,350
X-14 Intangible assetsStart of year $12,420$10,108
X-15 Other assetsStart of year $942,660$1,056,484
X-16 Total assetsStart of year $9,914,621$10,957,503
X-17 Accounts payable and accrued expensesStart of year $206,073$375,591
X-19 Deferred revenueStart of year $476,911$720,798
X-25 Other liabilitiesStart of year $1,454,438$1,541,242
X-26 Total liabilitiesStart of year $2,137,422$2,637,631
X-27 Net assets without donor restrictionsStart of year $7,777,199$8,319,872
X-32 Total net assets or fund balancesStart of year $7,777,199$8,319,872
X-33 Total liabilities and net assetsStart of year $9,914,621$10,957,503
Part XI · Reconciliation of net assets $8,319,872 net assets at year end
XI-1 Total revenue$7,318,475
XI-2 Total expenses$6,802,706
XI-3 Revenue less expenses$515,769
XI-4 Net assets at start of year$7,777,199
XI-5 Net unrealized gains (losses) on investments$26,904
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,319,872

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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