2024-10-09T16:33:55-05:00 2024-05-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-06-01 010158948 SIGMA KAPPA SORORITY SIGM 3178723275 695 PRO-MED LANE 300 CARMEL IN 460325323 JORDAN BENTLAGE CHIEF EXECUTIVE OFFICER 3178723275 2024-10-09 1 0 ANGELA N CRAWFORD CPA P00573197 3178488920 2024-10-02 2023 2024-10-15 13:58:12Z JORDAN BENTLAGE 695 PRO-MED LANE 300 CARMEL IN 460325323 10959239 0 0594 X WWW.SIGMAKAPPA.ORG X 1874 IN SIGMA KAPPA FOSTERS LIFELONG CONNECTION IN SISTERHOOD WHILE BEING TRUE TO OUR FOUNDING AS AN INTELLECTUAL AND SOCIAL WOMEN'S SORORITY. THROUGH MUTUAL SUPPORT AND RESPECT, WE INSPIRE ALL MEMBERS TO LEAD A LIFE OF PURPOSE. 8 8 51 2045 680709 0 134008 1601511 4290801 3687160 124795 471791 439720 388625 4989324 6149087 0 0 0 0 2249821 2455297 0 0 0 3096096 2119489 5345917 4574786 -356593 1574301 11890337 14487244 6127118 7002321 5763219 7484923 SIGMA KAPPA FOSTERS LIFELONG CONNECTION IN SISTERHOOD WHILE BEING TRUE TO OUR FOUNDING AS AN INTELLECTUAL AND SOCIAL WOMEN'S SORORITY. THROUGH MUTUAL SUPPORT AND RESPECT, WE INSPIRE ALL MEMBERS TO LEAD A LIFE OF PURPOSE. 0 0 COLLEGIATE - GENERAL MANAGEMENT AND EDUCATIONAL SERVICES FOR COLLEGIATE MEMBERS AND CHAPTERS AND THOSE EXPENDITURES RELATING TO THE ADMINISTRATION AND EDUCATION OF 118 COLLEGIATE CHAPTERS AND OVER 10,000 COLLEGIATE MEMBERS. SUMMIT FOR COLLEGIATE LEADERSHIP THE FOCUS OF THE SUMMIT FOR COLLEGIATE LEADERSHIP IS ON LEADERSHIP AND PERSONAL SKILL DEVELOPMENT IN AN INSTITUTE MODEL MEANT EXCLUSIVELY FOR SIGMA KAPPA COLLEGIATE LEADERS. THROUGH A MIX OF GENERAL SESSIONS AND SMALL COHORT GROUPS LED BY TRAINED FACILITATORS, ATTENDEES LEARN ABOUT LEADERSHIP SKILLS AND HOW THEY CAN BE USED, BOTH IN THEIR CHAPTERS AND IN EVERYDAY SITUATIONS. PROGRAMMING AND TRAINING THE MAIN EXPENSES IN THIS PROGRAM SECTION INCLUDE FUNDING FOR TALKSPACE, ELEARNING, VOLUNTEER TRAINING AND SERVICE IMMERSION. TALKSPACE IS AN ONLINE PLATFORM THAT PROVIDES PERSONAL, CONVENIENT, AND CONFIDENTIAL ONLINE COUNSELING. EXPENSES RELATED ELEARNING ARE TO COVER OUR LEARNING MANAGEMENT SYSTEM AND THE ABILITY FOR OUR MEMBERS TO ACCESS ONLINE EDUCATIONAL RESOURCES. FOR THE SECOND YEAR IN A ROW, SIGMA KAPPA HAS OFFERED THE OPPORTUNITY TO PARTNER WITH THE MAINE SEACOAST MISSION TO ASSIST THE MISSION IN HOME REPAIR, COMMUNITY CLEANUP, FOOD SECURITY, AND CHRISTMAS PROGRAMS AND VOLUNTEER TRAINING ARE EXPENSES RELATED TO THE TRAINING OF LOCAL AND NATIONAL VOLUNTEERS TO SUPPORT OUR ALUMNAE AND COLLEGIATE CHAPTERS. 0 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 15 0 1 51 1 1 1 0 0 0 1 1 712312 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IN X X THE ORGANIZATION 3178723275 695 PRO-MED LANE NO 300 CARMEL IN 460325323 ANN O'CONNELL ADAMS NATIONAL PRESIDENT 15.00 X X 0 0 0 KAREN PETERSON PARNELL NVP FOR FINANCE 15.00 X X 0 0 0 ANGIE NANIOT AHRENS NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 MICHELLE FLEER NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 KATHLEEN BRANGAN HELD NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 STACY LONA HICKS NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 SUSAN FONG POLIZZOTTO NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 JESSICA ROSWELL NATIONAL VICE PRESIDENT 15.00 X X 0 0 0 JORDAN BENTLAGE CHIEF EXECUTIVE OFFICER 40.00 X 113353 0 12281 113353 0 12281 1 0 0 0 TALKSPACE PROVIDER NETWORK PA 2578 BROADWAY 607 NEW YORK NY 10025 ONLINE THERAPY AND MENTAL HEALTH SERVICE 121054 1 1601511 1601511 MEMBERSHIP DUES 900099 2128863 2128863 LIABILITY INSURANCE 900099 499388 499388 TECHNOLOGY FEES 900099 415072 415072 CONVENTION AND CONFERENCES 900099 377701 377701 PUBLICATIONS 900099 171160 171160 94976 94976 3687160 287412 287412 208114 208114 4702677 4517494 804 185183 -804 184379 -804 185183 461500 291854 169646 169646 MISCELLANEOUS INCOME 900099 10865 10865 10865 6149087 3866867 680709 0 146362 1876917 36798 225547 169673 38070 127056 27194 322655 47811 351222 77083 197140 506108 22674 274415 MEMBERSHIP / DUES 62920 PUBLISHING 33542 OTHER 31599 4574786 1863994 3270035 52334 51719 26862 30597 114220 316538 216406 172406 58419 44000 4505632 5290237 5268876 5484118 11890337 14487244 328381 365512 13470 636431 5027700 5305957 757567 694421 6127118 7002321 X 5763219 7484923 5763219 7484923 11890337 14487244 1574301 147403 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 67566 67566 0 148840 104840 44000 44000 FUNDS HELD FOR OTHERS 5305957 RIGHT OF USE ASSET UNDER OPERATING LEASE 178161 5484118 FUNDS HELD FOR CLOSED CHAPTERS AND CORPORATION BOARDS 513632 OPERATING LEASE LIABILITY 180789 694421 X 6561954 147403 292658 440061 6121893 27194 27194 6149087 4840250 292658 292658 4547592 27194 27194 4574786 PART IV, LINE 2B: THE SORORITY HAS CONTRACTED WITH A VENDOR TO PROVIDE CERTAIN FINANCIAL SERVICES FOR ITS CHAPTERS AND CORPORATION BOARDS WHO ARE PARTICIPATORS WITH THE NATIONAL HOUSING CORPORATION. THE CHAPTERS AND CORPORATION BOARDS UTILIZE THIS VENDOR FOR THEIR BILLING, RECEIVABLES MANAGEMENT, DISBURSEMENT PROCESSING, AND CASH MANAGEMENT AND THE FUNDS ARE HELD IN ACCOUNTS IN THE SORORITY'S NAME. THESE FUNDS REPRESENT THE OPERATING FUNDS OF THE LOCAL CHAPTERS AND CORPORATION BOARDS OF THE SORORITY AND ARE SUBJECT TO WITHDRAWAL AT THE DISCRETION OF THE CHAPTERS AND CORPORATION BOARDS. THE SORORITY MAINTAINS AN OPERATING CHECKING ACCOUNT THROUGH WHICH ALL DISBURSEMENTS AND RECEIPTS ARE PROCESSED. EXCESS FUNDS IN THE OPERATING ACCOUNT HELD ON BEHALF OF THE CHAPTERS AND CORPORATION BOARDS ARE TRANSFERRED TO A BANK SAVINGS ACCOUNT. PART X, LINE 2: THE SORORITY IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAWS. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. INCOME EARNED FROM NON-MEMBERS IS RECOGNIZED AS UNRELATED BUSINESS INCOME TO THE EXTENT SUCH INCOME IS NOT SET ASIDE FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES AS OUTLINED IN THE SET ASIDE RESOLUTION. THE OUTSTANDING BALANCE OF FUNDS SET ASIDE AS OF MAY 31, 2023 AND 2022 WAS $616,214 AND $474,169, RESPECTIVELY. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SORORITY AND RECOGNIZE A TAX LIABILITY IF THE SORORITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SORORITY, AND HAS CONCLUDED THAT AS OF MAY 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SORORITY HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH MAY 31, 2023 AND IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, AS OF THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 291,854. LOSS ON SALE OF ASSET 804. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 291,854. LOSS ON SALE OF ASSET 804. FORM 990, PART V, LINE 2A: THE ORGANIZATION UTILIZES TILSONHR, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO), AS A CO-EMPLOYER RELATIONSHIP. ALL EMPLOYEE AND EMPLOYER TAX FILINGS ARE ISSUED BY TILSON. FORM 990, PART VI, SECTION A, LINE 6 SIGMA KAPPA SORORITY HAS COLLEGIATE AND ALUMNAE MEMBERS. MOST MEMBERS ARE ASKED TO JOIN THROUGH A MUTUAL SELECTION PROCESS BY COLLEGIATE CHAPTERS OF THE ORGANIZATION. SOME MEMBERS ARE ASKED TO JOIN THROUGH A MUTUAL SELECTION PROCESS AFTER GRADUATION FROM COLLEGE. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE GOVERNING BODY ARE ELECTED BY DELEGATES TO THE BIENNIAL CONVENTION OF THE ORGANIZATION. DELEGATES ARE MEMBERS ELECTED BY COLLEGIATE AND ALUMNAE CHAPTERS TO REPRESENT THOSE CHAPTERS OR ARE APPOINTED NATIONAL OFFICER MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE NATIONAL COUNCIL, THE AUDIT COMMITTEE AND THE CHIEF EXECUTIVE OFFICER. ALL INDIVIDUALS REVIEW THE FORM 990 AND PROVIDE COMMENT PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES ARE COMPLETED AND SIGNED BY SENIOR LEADERSHIP, STAFF DIRECTORS AND NATIONAL COUNCIL ANNUALLY. VOLUNTEER DIRECTORS COMPLETE THE FORMS UPON THEIR APPOINTMENT. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL COUNCIL REVIEWS THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ON AN ANNUAL BASIS AND APPROVES INCREASES, WHEN WARRANTED BY PERFORMANCE, BASED GENERALLY ON COST-OF-LIVING ADJUSTMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS APPOINTED BY THE NATIONAL COUNCIL. THIS COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AS WELL AS SELECTING AN INDEPENDENT ACCOUNTANT.