Alpha Sigma Alpha Sorority
- Assets
- $4.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Indianapolis, IN
- Founding
- 01/1947
- Data as of
- 05/2024
- EIN
- 16-0766961
Organization Overview
Alpha Sigma Alpha Sorority is located in Indianapolis, IN. The organization was established in 1947. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2024, Alpha Sigma Alpha Sorority employed 13 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Sigma Alpha Sorority is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, Alpha Sigma Alpha Sorority generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.3m during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.ALPHA SIGMA ALPHA PROMOTES HIGH IDEALS AND STANDARDS FOR ITS MEMBERS THROUGHOUT THEIR LIVES BY EMPHASIZING BALANCE AMONG OUR FOUR AIMS OF INTELLECTUAL, PHYSICAL, SOCIAL AND SPIRITUAL DEVELOPMENT. ALPHA SIGMA ALPHA'S VISION IS TO ELEVATE THE INFLUENCE OF WOMEN IN THE WORLD AND TO CULTIVATE FRIENDSHIP AMONG MEMBERS WHO ARE KNOWN FOR THEIR CHARACTER AND CONCERN FOR OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES: THE SORORITY PROVIDES SERVICES TO ITS 93 COLLEGIATE CHAPTERS, 38 ALUMNAE CHAPTERS, 18 ALUMNAE ASSOCIATIONS AND 1 VIRTUAL GROUP INCLUDING REGULAR STAFF VISITS, PUBLICATIONS AND RESOURCES, AND GUIDANCE.
RISK MANAGEMENT: THE SORORITY PROVIDES A RISK MANAGEMENT PROGRAM FOR CHAPTERS AND THEIR MEMBERS.PUBLICATIONS: THE SORORITY PUBLISHES A QUARTERLY MAGAZINE WHICH CONTAINS BOTH EDUCATIONAL AND SORORITY SPECIFIC EDUCATION.
LEADERSHIP TRAINING CONFERENCES AND CONVENTION: THE SORORITY PROVIDES PROGRAMMING EDUCATION AND SUPPORT FOR ITS MEMBERS AND VOLUNTEERS TO ENHANCE THEIR INDIVIDUAL, INTELLECTUAL, CHARACTER AND LEADERSHIP SKILLS. THIS IS DONE PRIMARILY THROUGH TRAINING SESSIONS, CONFERENCES, AND A BI-ANNUAL CONVENTION.
PHILANTHROPIC EFFORTS: THE SORORITY PROVIDES FOR PHILANTHROPIC PROGRAMS THROUGH VARIOUS JOINT EFFORTS WITH AND CONTRIBUTIONS TO VARIOUS NOT-FOR-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Huston National President | OfficerTrustee | 10 | $0 |
Kathy Burke Vice President & Treasurer | OfficerTrustee | 4 | $0 |
Nicole Allbee National Vice President | OfficerTrustee | 4 | $0 |
Kathryn Harth National Vice President | OfficerTrustee | 4 | $0 |
Emily Just National Vice President | OfficerTrustee | 4 | $0 |
Chayna Wilson National Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hyatt Regency Orlando Facility Rental | 5/30/17 | $268,790 |
Gmerch Llc Apparel Licensing | 5/30/17 | $166,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,978 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,978 |
| Total Program Service Revenue | $1,735,922 |
| Investment income | $41,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $60,937 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $51,395 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,018,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,055 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,438 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $640,012 |
| Pension plan accruals and contributions | $6,643 |
| Other employee benefits | $57,380 |
| Payroll taxes | $58,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,954 |
| Fees for services: Accounting | $33,203 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,655 |
| Fees for services: Other | $171,099 |
| Advertising and promotion | $50,577 |
| Office expenses | $146,656 |
| Information technology | $98,081 |
| Royalties | $0 |
| Occupancy | $37,304 |
| Travel | $386,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,142 |
| Interest | $12,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,634 |
| Insurance | $211,788 |
| All other expenses | $0 |
| Total functional expenses | $2,285,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $370,381 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,208 |
| Inventories for sale or use | $7,775 |
| Prepaid expenses and deferred charges | $164,695 |
| Net Land, buildings, and equipment | $1,345,160 |
| Investments—publicly traded securities | $1,619,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $950,652 |
| Total assets | $4,571,213 |
| Accounts payable and accrued expenses | $55,145 |
| Grants payable | $0 |
| Deferred revenue | $218,790 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,978,214 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $206,111 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,504 |
| Total liabilities | $2,496,764 |
| Net assets without donor restrictions | $2,074,449 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,571,213 |
Grants Awarded
Over the last fiscal year, Alpha Sigma Alpha Sorority has awarded $9,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA SIGMA ALPHA FOUNDATION PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $9,000 |