Sigma Nu Educational Foundation Inc
- Assets
- $16.3m
- Revenue
- $3.3m
- Investments
- $5.8m
- Employees
- 0
- Location
- Lexington, VA
- Founding
- 09/1951
- Data as of
- 06/2022
- EIN
- 54-6035735
Organization Overview
Sigma Nu Educational Foundation Inc is located in Lexington, VA. The organization was established in 1951. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is the central organization for a national or regional group of organizations. Sigma Nu Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sigma Nu Educational Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 6 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.
Since 2015, Sigma Nu Educational Foundation Inc has awarded 41 individual grants totaling $2,450,508. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SIGMA NU EDUCATIONAL FOUNDATION SECURES AND PROVIDES ENDURING RESOURCES TO SUPPORT THE EDUCATIONAL AND CHARITABLE INITIATIVES OF SIGMA NU FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. THESE PROGRAMS INCLUDE THE IMPLEMENTATION OF HTE LEAD PROGRAM, QUALIFIED EDUCATIONAL EXPENDITURES FOR HOUSING, AND OTHER EDUCATIONAL PROGRAMS OF THE CHAPTER.
GRANTS AND EDUCATIONAL ASSISTANCE TO SIGMA NU FRATERNITY, INC.PROVIDES GRANTS TO SUPPORT THE VARIOUS CHAPTER EDUCATIONAL PROGRAMSINCLUDING THE LEAD PROGRAM. THE LEAD PROGRAM, (WHICH IS AN ACRONYM FORLEADERSHIP, ETHICS, ACHIEVEMENT, AND DEVELOPMENT), IS A MULTI-PHASELEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO BUILD ETHICAL LEADERS ANDDEVELOP THE HEART, MIND, AND CHARACTER OF ITS MEMBERS.
PROVIDES FOR THE CARE AND MAINTENANCE OF THE SIGMA NU HEADQUARTERS SHRINE LOCATED IN LEXINGTON, VIRGINIA.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd E Eliason Chairman | Trustee | 5 | $0 |
Robert J Lalanne Chariman-Elect | Trustee | 5 | $0 |
Jonathan D Sprenger Treasurer | Trustee | 5 | $0 |
Joe B Francis Secretary | Trustee | 2 | $0 |
James R Mounier At-Larger Member | Trustee | 1 | $0 |
Kristopher R Brucker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,547,684 |
| Noncash contributions included in lines 1a–1f | $172,938 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,639,584 |
| Total Program Service Revenue | $172,520 |
| Investment income | $153,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $281,673 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,269,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,065,125 |
| Grants and other assistance to domestic individuals. | $39,650 |
| 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 | $520,476 |
| Pension plan accruals and contributions | $9,574 |
| Other employee benefits | $29,855 |
| Payroll taxes | $22,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,969 |
| Fees for services: Accounting | $31,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,102 |
| Fees for services: Other | $102,118 |
| Advertising and promotion | $0 |
| Office expenses | $62,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,705 |
| Travel | $45,931 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,585 |
| Insurance | $29,282 |
| All other expenses | $16,427 |
| Total functional expenses | $2,591,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,249,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $924,058 |
| Accounts receivable, net | $2,193 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,608,714 |
| Inventories for sale or use | $24,046 |
| Prepaid expenses and deferred charges | $22,363 |
| Net Land, buildings, and equipment | $2,348,271 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,842,057 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315,775 |
| Total assets | $16,336,888 |
| Accounts payable and accrued expenses | $285,870 |
| Grants payable | $129,163 |
| Deferred revenue | $1,245 |
| 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 | $76,762 |
| Total liabilities | $493,040 |
| Net assets without donor restrictions | $3,600,278 |
| Net assets with donor restrictions | $12,243,570 |
| 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 | $16,336,888 |
Grants Awarded
Over the last fiscal year, Sigma Nu Educational Foundation Inc has awarded $1,050,774 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BETA TAU CHAPTER OF SIGMA NU FRATERNITY PURPOSE: EDUCATIONAL GRANT | $39,076 |
THE PURDUE SIGMA NU ASSOCIATION INC PURPOSE: EDUCATIONAL GRANT | $108,968 |
DELTA TAU ASSOCIATION OF SIGMA NU PURPOSE: EDUCATIONAL GRANT | $171,917 |
SIGMA NU FRATERNITY INC PURPOSE: EDUCATIONAL GRANT | $14,063 |
ZETA CHI OF SIGMA NU HOME ASSOCIATION OF HOUSTON INC PURPOSE: EDUCATIONAL GRANT | $9,250 |
EPSILON EPSILON BUILDING CORPORATION OF SIGMA NU FRATERNITY PURPOSE: EDUCATIONAL GRANT | $707,500 |