2024-04-03T12:32:15-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 381543609 SIGMA ALPHA IOTA INTERNATIONAL MUSIC FRATERNITY SIGM 8282510606 1 TUNNEL ROAD ASHEVILLE NC 288051229 RUTH S JOHNSON EXECUTIVE DIRECTOR 8282510606 2024-04-03 1 RUTH JOHNSON 999009999 1 AMY BIBBY P00445891 8282542254 2024-04-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUTH S JOHNSON 1 TUNNEL ROAD ASHEVILLE NC 28805 1194849 0 X WWW.SAI-NATIONAL.ORG X 1903 MI TO ADVANCE THE MUSICAL INTEREST OF THE ORGANIZATION'S MEMBERS. 9 8 6 460 23714 0 0 100873 670611 988933 46297 -4094 -112966 -110854 603942 974858 40000 40000 0 0 418253 363890 0 0 0 369637 609903 827890 1013793 -223948 -38935 1195504 948164 366461 127531 829043 820633 X THE MISSION OF SIGMA ALPHA IOTA INTERNATIONAL MUSIC FRATERNITY IS TO ENCOURAGE, NURTURE AND SUPPORT THE ART OF MUSIC. 0 0 MEMBERSHIPS- SIGMA ALPHA IOTA INTERNATIONAL MUSIC FRATERNITY IS A MEMBERSHIP ORGANIZATION. AS SUCH IT PROVIDES SERVICES TO BOTH INDIVIDUAL MEMBERS AND TO CHAPTERS THAT HAVE BEEN FORMED BY THOSE MEMBERS. SERVICES INCLUDE PROCESSING OF NEW MEMBERS, ADMINISTRATION OF CHAPTER POLICIES, LEADERSHIP TRAINING, AND OPPORTUNITIES FOR VOLUNTEERISM. SUPPORT FOR STUDENTS IS GIVEN, THROUGH VARIOUS ALUMNAE CHAPTERS AND THE NATIONAL ALUMNAE ASSOCIATIONS. PAN PIPES- THE FRATERNITY HAS AN OFFICIAL JOURNAL CALLED PAN PIPES. THIS QUARTERLY MAGAZINE CARRIES ARTICLES PERTAINING TO THE FIELD OF MUSIC, REPORTS OF NEW DISTINGUISHED MEMBERS, THE ANNUAL COMPOSERS UPDATE FOR NEW MUSIC AND PERFORMANCES AND STORIES ABOUT THE SERVICE PROJECTS CARRIED OUT AT THE LOCAL AND NATIONAL LEVEL. PAN PIPES IS PUBLISHED BY OUR 501(C)(3), CHARITABLE ARM, WHICH RECEIVES SET-ASIDE FUNDS FROM FRATERNITY. CONVENTION - THE SAI NATIONAL CONVENTION IS HELD TRIENNIALLY TO PROVIDE DELEGATES AND ATTENDEES A CHANCE TO ELECT NEW NATIONAL, REGIONAL, AND PROVINCE OFFICERS, TO PROVIDE LEADERSHIP TRAINING, AND TO GIVE WORKSHOPS IN MUSIC AND RELATED FIELDS. MUSIC CONCERTS ARE HELD, AND SCHOLARSHIPS AND GRANTS ARE AWARDED. EXTENSION- EXTENSION IS THE PROCESS BY WHICH NEW COLLEGIATE AND ALUMNAE CHAPTERS ARE CHARTERED. AN INTEREST GROUP FORMS AND REQUESTS APPROVAL TO BECOME A CHARTERED CHAPTER AFTER FOLLOWING THE PRESCRIBED REQUIREMENTS. 0 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 12 0 1 6 1 1 1 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X RUTH S JOHNSON 8282510606 1 TUNNEL ROAD ASHEVILLE NC 28805 JESSICA CHICHESTER PRESIDENT 35.00 5.00 X X 3250 0 0 JAIELLE MANNING NVP COLLEGIATE CHAPTERS 25.00 X X 850 0 0 MARY FRANCES BUSHONG NVP ALUMNAE CHAPTERS 10.00 X X 1500 0 0 CHRISTINE HALL NVP FRATERNITY DEVELOPMENT 10.00 X X 1500 0 0 JENNIFER MISTRETTA NVP EXTENSION 10.00 X X 1500 0 0 REBECCA SEPULVEDA NVP RITUAL & FRATERNITY ED 15.00 X X 850 0 0 KERI FLOWERS RICHBURG NVP FINANCE 20.00 2.00 X X 1500 0 0 TRACEY WYGAL WITHROW NVP RITUAL & FRAT.ED. 15.00 10.00 X 750 1600 0 RUTH SIEBER JOHNSON EXECUTIVE DIRECTOR 40.00 10.00 X X 81843 0 0 93543 1600 0 0 0 0 0 0 100873 100873 CHAPTER ASSESSMENTS 900099 594877 594877 CONVENTION INCOME 900099 318259 318259 SERVICE FEES FROM PHIL 900099 45670 45670 SUPPLIES SALES TO CHAP 900099 30127 30127 988933 20130 20130 13232 9648 3584 23212 1012 -23212 -1012 -24224 -24224 52490 195767 -143277 -143277 POSTAGE 900099 18580 18580 OTHER INCOME 900099 611 611 19191 974858 855304 23714 -5033 40000 93543 195055 56055 19237 4244 28788 3169 61981 11333 216658 2289 45164 199036 3675 34186 RESEARCH EXPENSE 1000 BAD DEBT EXPENSE -1620 1013793 41147 60260 354236 174028 20294 18167 976 495 359102 243833 39467 18810 149573 130699 22549 18874 357733 357454 0 56243 1195504 948164 2852 12738 273645 24768 89964 90025 366461 127531 X 829043 820633 829043 820633 1195504 948164 -38935 30525 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 149573 130699 18874 18874 INVESTMENTS IN BONDS 357454 F 357454 RIGHT OF USE ASSET 56243 56243 DUE TO CHAPTERS 10300 CHAPTER DEPOSITS 23482 ST LEASE LIABILITY - OPERATING 15583 LT LEASE LIABILITY - OPERATING 40660 90025 X 1003226 30525 1012 31537 971689 3169 3169 974858 1011636 1012 1012 1010624 3169 3169 1013793 PART X, LINE 2: THE FRATERNITY HAS QUALIFIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES, AND IS NOT A PRIVATE FOUNDATION. INVESTMENT INCOME FROM THE FRATERNITY'S INVESTMENT PORTFOLIO IS DEEMED TO BE EXEMPT FUNCTION INCOME, AND THEREFORE TAX-FREE, BY VIRTUE OF ITS CONTRIBUTION TO AN AFFILIATED PHILANTHROPIC ORGANIZATION, WHICH IN TURN USES THE INCOME FOR EXEMPT PURPOSES. THE FRATERNITY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS NET WITH REVENUES 1,012. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS NET WITH EXPENSES 1,012. 0 SIGMA ALPHA IOTA PHILANTHROPIES ONE TUNNEL ROAD ASHEVILLE NC 28805 237391912 501(C)(3) 0 40000 PAYMENT OF SET-ASIDE 1 0 PART I, LINE 2: THE ORGANIZATION DOES NOT TYPICALLY AWARD GRANTS AND ASSISTANCE TO THIRD PARTIES. THE ORGANIZATION SUPPORTS A CHARITABLE ACTIVITY CONDUCTED BY AN ASSOCIATE CHARITY, SIGMA ALPHA IOTA PHILANTHROPIES, AND SETS ASIDE A STIPEND FOR THOSE ACTIVITIES ANNUALLY. THE ACTUAL FINANCIAL RECORDS ARE DISCLOSED AND REVIEWED, INCLUDING ALL EXPENDITURES. BETH STANBERRY EXECUTIVE DIRECTOR 36339 BETH STANBERRY HAS A FAMILY RELATIONSHIP WITH AN OFFICER OF THE ORGANIZATION AND IS COMPENSATED AS AN EMPLOYEE. 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE CATEGORIES OF MEMBERSHIP WITH VOTING ELIGIBILITY: COLLEGE, ALUMNAE, AND PATRONESS. A COLLEGE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON ALL MATTERS PRESENTED TO THE CHAPTER, TO HOLD OFFICE, AND TO ACT AS DELEGATE TO THE NATIONAL CONVENTION. ALUMNAE MEMBERS IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON ALL MATTERS PRESENTED TO THE ALUMNAE CHAPTER. THEY SHALL BE ENTITLED TO HOLD OFFICE AND TO ACT AS AN ALUMNAE CHAPTER DELEGATE TO THE NATIONAL CONVENTION. AFTER QUALIFYING THROUGH A PRESCRIBED FRATERNITY EDUCATION COURSE, A PATRONESS MEMBER MAY HOLD AN ELECTIVE ALUMNAE CHAPTER OFFICE, THEN VOTE ON NATIONAL ISSUES. A FOURTH CLASS OF MEMBERSHIP, DISTINGUISHED MEMBERS, DO NOT HOLD VOTING RIGHTS OR THE RIGHT TO HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS FOR BOARD MEMBERS AND OFFICERS ARE HELD AT THE NATIONAL CONVENTION AND VOTED ON BY CERTAIN CLASSES OF THE MEMBERSHIP. SEE THE RESPONSE TO PART VI, LINE 6 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION AND REVIEW, THE RETURN WAS PROVIDED ELECTRONICALLY TO ALL VOTING BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 FINANCE COMMITTEE AND INDEPENDENT BOARD MEMBERS DETERMINE THE SALARY OF THE EXECUTIVE DIRECTOR, USING COMPARABLE INFORMATION FROM THE PROFESSIONAL FRATERNITY ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S NATIONAL HEADQUARTERS. PAGE 12, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SIGMA ALPHA IOTA PHILANTHROPIES INC ONE TUNNEL ROAD ASHEVILLE NC 28805 237391912 CHARITABLE NC 501(C)(3) 7 N/A 1 0 1 1 0 0 0 0 0 0 1 1 1 0 1 1 0 1 1 0 SAI PHILANTHROPIES INC R 40000 FMV