Sigma Nu Educational Foundation INC FY2023 filing

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The Sigma Nu Educational Foundation secures and provides enduring resources to support the Educational and charitable initiatives of Sigma Nu fraternity.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $2.1M a year · 39% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Plus $6.5M in investments, Pt X · Ln 11–13
Looks good: 14.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $55K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+43% vs prior year
Spent
$3.0M
To programs
67%
Net assets
$18.1M
By yearFY2021–FY2025
Revenue
$4.7M
FY2023▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$3.3M
FY2023$4.7M
FY2024$8.3M
FY2025$7.6M
Expenses
$3.0M
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$2.6M
FY2023$3.0M
FY2024$3.6M
FY2025$4.6M
Net assets
$18.1M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$16.3M
FY2022$15.8M
FY2023$18.1M
FY2024$23.5M
FY2025$26.7M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Sep 1951.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $2.0M Management & general 17% · $505K Fundraising 16% · $481K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Chariman-Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
At-Larger Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sigma Nu Educational Foundation INC executive salaries →

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

Provides resources for educational and charitable initiatives.

Questions for Sigma Nu Educational Foundation INC

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3 programs · $2.0M · in their own filed words · FY2022
01

Grants and educational assistance to chapters and housing entities:provides grants to support the educational programs of individual chapters and housing entities of sigma nu, fraternity, inc.

$1.5Mprogram expense
02

Provides for the care and maintenance of the sigma nu headquarters shrine located in lexington, virginia.

$419Kprogram expense
03

Scholarships and Educational Assistance to Collegiate Members

Supports the educational pursuits of individual members of sigma nu fraternity, inc. Through scholarships, fellowships, and other financial assistance for the obtainment of educational and leadership activities.

$61Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$55K
Grants paid · 33 grants · $6.9M · 2020–2024
See all 33 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.1M
Investment incomeLn 3$234K
Fees for servicesLn 2g$213K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.0M
Managementcol C$505K
Fundraisingcol D$481K
Owns and owesPt X
$18.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$19.5M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Noncash giftsLn 1g$101K
Fundraising eventsLn 1c$74K
Fees for servicesLn 2g$213K
Investment incomeLn 3$234K
Other incomeLn 4–11$93K
Gains on assetsLn 7$60K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$3.6M
Cash and savings togetherLn 1–2$3.6M
Pledges and grants receivableLn 3$2.2M
Accounts receivableLn 4$59K
Notes and loans receivableLn 7$1.5M
Inventories for sale or useLn 8$26K
Prepaid expenses and deferred chargesLn 9$38K
Land, buildings, equipmentLn 10c$5.2M
InvestmentsLn 11–13$6.5M
Other assetsLn 15$292K
Total assetsLn 16$19.5M
LiabilitiesLn 26$1.4M
Net assetsLn 32$18.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 660
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$101K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$59K
Share of the $1.1M endowmentSch D 1g5.2%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$1.1M$1.0M$672K$564K$573K
Given inLn 1b$198K$467K$1$837
SpentLn 1d–1f$30K$28K$21K$23K$19K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$5.2M$3.6M
InvestmentsLn 11–13$5.8M$6.5M
Land, buildings, equipmentLn 10c$2.3M$5.2M
Total assetsLn 16$16.3M$19.5M
LiabilitiesLn 26$493K$1.4M
Net assetsLn 32$15.8M$18.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Grants to domestic individualsLn 2$45K$45K
Other salaries and wagesLn 7$499K$110K$197K$192K
Pension plan contributionsLn 8$15K$5K$8K$2K
Other employee benefitsLn 9$25K$9K$10K$6K
Payroll taxesLn 10$30K$7K$14K$10K
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$24K$24K
Investment management feesLn 11f$59K$59K
Other fees for servicesLn 11g$110K$27K$49K$34K
Office expensesLn 13$44K$3K$40K
OccupancyLn 16$67K$67K$143
TravelLn 17$73K$605$41K$32K
InterestLn 20$20K$20K
Depreciation, depletion and amortizationLn 22$150K$150K
InsuranceLn 23$33K$26K$7K
Other expenses (24a–d)Ln 24$261K$40K$66K$154K
All other expensesLn 24e$22K$3K$7K$11K
Total functional expensesLn 25$3.0M$2.0M$505K$481K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $7.6M$4.6M$3.0M$26.7M 990 PDF
FY2024Filed with the IRS May 15, 2025 $8.3M$3.6M$4.6M$23.5M 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $4.7M$3.0M$1.7M$18.1M 990 PDF
FY2022Filed with the IRS May 15, 2023 $3.3M$2.6M$678K$15.8M 990 PDF
FY2021Filed with the IRS Nov 15, 2021 $2.3M$1.9M$368K$16.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,682,178 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,639,584$4,143,027
I-9 Program service revenuePrior year $172,520$212,520
I-10 Investment incomePrior year $435,409$233,760
I-11 Other revenuePrior year $22,389$92,871
I-12 Total revenuePrior year $3,269,902$4,682,178
I-13 Grants and similar amounts paidPrior year $1,104,775$1,581,076
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $582,813$570,608
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $904,340$880,279
I-18 Total expensesPrior year $2,591,928$3,031,963
I-19 Revenue less expensesPrior year $677,974$1,650,215
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,682,178 across 10 lines filed
VIII-1c Fundraising events$73,583
VIII-1f All other contributions, gifts and grants$4,069,444
VIII-1g Noncash contributions (included above)$100,852
VIII-1h Total contributions, gifts and grants$4,143,027
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $212,520$212,520
VIII-3 Investment incomeExcluded from tax $173,809$173,809
VIII-7 Net gain or loss on sales of assetsRelated to mission $59,951$59,951
VIII-8 Net income from fundraising eventsExcluded from tax $61,599$61,599
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,384 · Excluded from tax $12,888$31,272
VIII-12 Total revenueRelated to mission $290,855 · Unrelated business $0 · Excluded from tax $248,296$4,682,178
Part IX · Statement of functional expenses $3,031,963 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,535,723$1,535,723
IX-2 Grants to domestic individualsPrograms $45,353$45,353
IX-7 Other salaries and wagesPrograms $110,078 · Management $197,253 · Fundraising $192,081$499,412
IX-8 Pension plan contributionsPrograms $4,700 · Management $8,363 · Fundraising $2,416$15,479
IX-9 Other employee benefitsPrograms $8,849 · Management $10,388 · Fundraising $6,004$25,241
IX-10 Payroll taxesPrograms $7,088 · Management $13,686 · Fundraising $9,702$30,476
IX-11b Legal feesManagement $19,562$19,562
IX-11c Accounting feesManagement $23,760$23,760
IX-11f Investment management feesManagement $58,801$58,801
IX-11g Other fees for servicesPrograms $26,753 · Management $49,423 · Fundraising $34,073$110,249
IX-13 Office expensesManagement $3,403 · Fundraising $40,137$43,540
IX-16 OccupancyPrograms $67,031 · Management $143$67,174
IX-17 TravelPrograms $605 · Management $40,521 · Fundraising $31,515$72,641
IX-20 InterestPrograms $20,000$20,000
IX-22 Depreciation, depletion and amortizationPrograms $149,512$149,512
IX-23 InsurancePrograms $26,092 · Management $6,705$32,797
IX-24 Other expenses (24a–d)Programs $40,285 · Management $65,860 · Fundraising $154,435$260,580
IX-24e All other expensesPrograms $3,326 · Management $7,469 · Fundraising $10,868$21,663
IX-25 Total functional expensesPrograms $2,045,395 · Management $505,337 · Fundraising $481,231$3,031,963
Part X · Balance sheet $19,510,552 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $5,249,411$3,611,188
X-3 Pledges and grants receivableStart of year $924,058$2,238,256
X-4 Accounts receivableStart of year $2,193$58,574
X-7 Notes and loans receivableStart of year $1,608,714$1,532,246
X-8 Inventories for sale or useStart of year $24,046$26,153
X-9 Prepaid expenses and deferred chargesStart of year $22,363$37,933
X-10c Land, buildings and equipment, netStart of year $2,348,271$5,198,227
X-12 Other securitiesStart of year $5,842,057$6,516,409
X-15 Other assetsStart of year $315,775$291,566
X-16 Total assetsStart of year $16,336,888$19,510,552
X-17 Accounts payable and accrued expensesStart of year $285,870$286,087
X-18 Grants payableStart of year $129,163$34,067
X-19 Deferred revenueStart of year $1,245$1,000
X-23 Secured mortgages and notes payable$1,000,000
X-25 Other liabilitiesStart of year $76,762$89,548
X-26 Total liabilitiesStart of year $493,040$1,410,702
X-27 Net assets without donor restrictionsStart of year $3,600,278$5,140,912
X-28 Net assets with donor restrictionsStart of year $12,243,570$12,958,938
X-32 Total net assets or fund balancesStart of year $15,843,848$18,099,850
X-33 Total liabilities and net assetsStart of year $16,336,888$19,510,552
Part XI · Reconciliation of net assets $18,099,850 net assets at year end
XI-1 Total revenue$4,682,178
XI-2 Total expenses$3,031,963
XI-3 Revenue less expenses$1,650,215
XI-4 Net assets at start of year$15,843,848
XI-5 Net unrealized gains (losses) on investments$566,669
XI-9 Other changes in net assets$39,118
XI-10 Net assets at end of year$18,099,850

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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