Alpha Sigma Tau Sorority Inc
- Assets
- $3.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Indianapolis, IN
- Founding
- 12/2017
- Data as of
- 05/2024
- EIN
- 43-0781516
Organization Overview
Alpha Sigma Tau Sorority Inc is located in Indianapolis, IN. The organization was established in 2017. 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 Tau Sorority Inc employed 22 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Alpha Sigma Tau Sorority Inc 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 Tau Sorority Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $2.1m during the year ending 05/2024. 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
ALPHA SIGMA TAU SORORITY IS COMMITTED TO DEVELOPING SCHOLARS, PHILANTHROPISTS, LEADERS AND SISTERS AMONG OUR COLLEGIATE AND ALUMNAE MEMBERS. THE SORORITY STRIVES TO HAVE A COOPERATIVE RELATIONSHIP WITH OUR HOST COLLEGES AND UNIVERSITIES AS WE EDUCATE OUR MEMBERS ON WHO WE ARE AS ALPHA SIGMA TAUS THROUGH A BROAD SPECTRUM OF SERVICE AND TRAINING OPPORTUNITIES. WE PROVIDE INFORMATION AND TRAINING ON BUSINESS, LIFE SKILLS, AND LEADERSHIP SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
EDUCATIONAL CONSULTANT PROGRAM:THIS PROGRAM ALLOWS FOR MANY OF THE 76 CHAPTERS TO RECEIVE AN EDUCATIONAL VISIT FROM THE NATIONAL ORGANIZATION. EDUCATIONAL CONSULTANTS TALK WITH EACH OFFICER CONCERNING THEIR POSITION AND WITH EACH MEMBER, IF TIME PERMITS. THEY DELIVER PRESENTATIONS CONCERNING MEMBERSHIP RECRUITMENT AND DEVELOPMENT, GOVERNING DOCUMENTS AND FINANCIAL RESOURCES, ETC. THIS IMPACTS 79 CHAPTERS WHICH CONSIST OF 3,265 UNDERGRADUATE MEMBERS AND 200 ALUMNAE SERVING THE CHAPTERS AS ADVISORS. THIS PROGRAM INCLUDES THE SALARY, BENEFITS, AND TRAVEL FOR EDUCATIONAL CONSULTANTS.
GATHERINGS-OFFICER ACADEMY/NATIONAL CONVENTION:EACH YEAR, ALPHA SIGMA TAU SPONSORS GATHERINGS OF LEADERS FOR EDUCATIONAL PURPOSES THROUGH OFFICER ACADEMY OR NATIONAL CONVENTIONS. INFORMATION THAT IS PRESENTED IN THESE PROGRAMS IMPACTS THE ENTIRE MEMBERSHIP. OFFICER ACADEMY IS HELD EVERY TWO YEARS AND FOCUSES ON LEADERSHIP DEVELOPMENT FOR CHAPTER OFFICERS. THE CHAPTER PRESIDENT AND ONE TO TWO ADDITIONAL OFFICERS ATTEND. THE ACTUAL EVENT INVOLVES APPROXIMATELY 250 UNDERGRADUATES. NATIONAL CONVENTION IS HELD EVERY TWO YEARS, ALTERNATING WITH OFFICER ACADEMY. EACH CHAPTER SENDS AT LEAST TWO REPRESENTATIVES AND ONE ADVISOR. EDUCATIONAL PROGRAMMING AND NATIONAL BUSINESS MEETINGS ARE A MAJOR FOCUS AS WELL AS AWARDS PRESENTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Jones Miller National President | OfficerTrustee | 10 | $0 |
Addison Beckham National Vice President | OfficerTrustee | 10 | $0 |
Leeann Hovis National Vice President | OfficerTrustee | 10 | $0 |
Katherine Onyshko National Vice President | OfficerTrustee | 10 | $0 |
Joell Sperry National Vice President | OfficerTrustee | 10 | $0 |
Tsai-Ann Yawching National Vice President | OfficerTrustee | 10 | $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 | $62,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,023 |
| Total Program Service Revenue | $1,275,020 |
| Investment income | $16,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $61,842 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,875 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,709,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,283 |
| 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. | $126,952 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $938,890 |
| Pension plan accruals and contributions | $28,980 |
| Other employee benefits | $52,982 |
| Payroll taxes | $84,384 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,237 |
| Fees for services: Accounting | $16,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,139 |
| Advertising and promotion | $0 |
| Office expenses | $106,074 |
| Information technology | $177,214 |
| Royalties | $0 |
| Occupancy | $19,946 |
| Travel | $133,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,188 |
| Interest | $10,152 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,011 |
| Insurance | $179,417 |
| All other expenses | $0 |
| Total functional expenses | $2,119,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,027 |
| Savings and temporary cash investments | $553,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $61,094 |
| Prepaid expenses and deferred charges | $237,174 |
| Net Land, buildings, and equipment | $668,614 |
| Investments—publicly traded securities | $705,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,326,513 |
| Accounts payable and accrued expenses | $247,887 |
| Grants payable | $0 |
| Deferred revenue | $235,146 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,040,611 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $263,618 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,937,262 |
| Net assets without donor restrictions | $1,366,708 |
| Net assets with donor restrictions | $22,543 |
| 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 | $3,326,513 |
Grants Awarded
Over the last fiscal year, Alpha Sigma Tau Sorority Inc has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DRESS FOR SUCCESS WORLDWIDE PURPOSE: GENERAL SUPPORT | $40,000 |
ASSOC OF FRATERNITY SORORITY ADVISORS FOUNDATION PURPOSE: ANNUAL MEETING SPONSOR FOR EDUCATING CAMPUS PROFESSIONALS | $10,000 |