Alpha Sigma Alpha Sorority
- Assets
- $5.5m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Indianapolis, IN
- Founding
- 01/1947
- Data as of
- 05/2022
- 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 05/2022, Alpha Sigma Alpha Sorority employed 24 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 05/2022, Alpha Sigma Alpha Sorority generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.9m during the year ending 05/2022. 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
2022
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 94 COLLEGIATE CHAPTERS, 38 ALUMNAE CHAPTERS, 22 ALUMNAE ASSOCIATIONS AND 11 VIRTUAL GROUPS INCLUDING REGULAR STAFF VISITS, PUBLICATIONS AND RESOURCES, AND GUIDANCE.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystal Slivinski Executive Director | Officer | 40 | $110,027 |
Kelly Beck National President | OfficerTrustee | 10 | $0 |
Kathryn Harth National Vice President | OfficerTrustee | 4 | $0 |
Kathy Messbarger National Vice President | OfficerTrustee | 4 | $0 |
Kathy Burke National Vice President | OfficerTrustee | 4 | $0 |
Jessica Wright National Vice President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gmerch Llc Apparel Licensing | 5/30/17 | $166,861 |
Hyatt Regency Orlando Facility Rental | 5/30/17 | $268,790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,051 |
| Total Program Service Revenue | $1,392,515 |
| Investment income | $21,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $98,615 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $107,013 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,084,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $122,087 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,145 |
| Pension plan accruals and contributions | $7,185 |
| Other employee benefits | $48,727 |
| Payroll taxes | $54,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,237 |
| Fees for services: Accounting | $33,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,579 |
| Fees for services: Other | $245,205 |
| Advertising and promotion | $88,772 |
| Office expenses | $119,749 |
| Information technology | $42,165 |
| Royalties | $0 |
| Occupancy | $51,013 |
| Travel | $95,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,929 |
| Interest | $13,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,996 |
| Insurance | $178,963 |
| All other expenses | $207 |
| Total functional expenses | $1,900,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,170,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,807 |
| Inventories for sale or use | $4,795 |
| Prepaid expenses and deferred charges | $95,082 |
| Net Land, buildings, and equipment | $1,385,308 |
| Investments—publicly traded securities | $1,690,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,062,677 |
| Total assets | $5,509,622 |
| Accounts payable and accrued expenses | $33,574 |
| Grants payable | $0 |
| Deferred revenue | $285,365 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,114,445 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $501,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,166 |
| Total liabilities | $2,949,120 |
| Net assets without donor restrictions | $2,560,502 |
| 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 | $5,509,622 |
Grants Awarded
Over the last fiscal year, Alpha Sigma Alpha Sorority has awarded $9,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: FUNDING FOR EDUCATIONAL PURPOSES | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alpha Sigma Alpha Sorority has recieved totaling $59,771.
| Awarding Organization | Amount |
|---|---|
Alpha Sigma Alpha Foundation Indianapolis, IN PURPOSE: LEADERSHIP PROGRAMS | $59,771 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |