Sigma Pi Fraternity International
- Assets
- $4.0m
- Revenue
- $3.0m
- Investments
- $240.0k
- Employees
- 14
- Location
- Nashville, TN
- Founding
- 12/1940
- Data as of
- 06/2022
- EIN
- 22-1281800
Organization Overview
Sigma Pi Fraternity International is located in Nashville, TN. The organization was established in 1940. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Sigma Pi Fraternity International employed 14 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sigma Pi Fraternity International is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Sigma Pi Fraternity International generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE FELLOWSHIP THROUGH EDUCATION, LEADERSHIP, AND CIVIC INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE AND SUPPORT OF CHARTER PROGRAMS ESTABLISHING SCHOLARSHIPS, LEADERSHIP, FELLOWSHIP, AND CIVIC INVOLVEMENT OF MEMBERS
PUBLICATION OF JOURNALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhett Larose Grand Second Counselor | Trustee | 1 | $0 |
Joseph Palazzolo Grand Sage | Trustee | 1 | $0 |
Kent Varney Grand First Counselor | Trustee | 1 | $0 |
Brian Kurisky Grand Fourth Counselor | Trustee | 1 | $0 |
Justin Todoroff Grand Third Counselor | Trustee | 1 | $0 |
Larry Rovira Past Grand Sage | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,886,488 |
| Investment income | $17,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,256 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $615 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,002,787 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,762 |
| Payroll taxes | $41,512 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,270 |
| Fees for services: Accounting | $16,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,784 |
| Travel | $138,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310 |
| Insurance | $1,047,641 |
| All other expenses | $88,403 |
| Total functional expenses | $2,561,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,254,105 |
| Savings and temporary cash investments | $850,270 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,776 |
| Inventories for sale or use | $41,218 |
| Prepaid expenses and deferred charges | $335,064 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $239,988 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,603 |
| Total assets | $4,010,997 |
| Accounts payable and accrued expenses | $76,850 |
| Grants payable | $0 |
| Deferred revenue | $226,650 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,457 |
| Total liabilities | $350,957 |
| Net assets without donor restrictions | $3,660,040 |
| 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 | $4,010,997 |