2024-05-14T15:31:30-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-07-01 546035735 SIGMA NU EDUCATIONAL FOUNDATION INC SIGM 5404631869 PO BOX 1869 LEXINGTON VA 24450 NICHOLAS L MURPHY CHIEF FINANCIAL OFFICER 5404631869 2024-05-14 1 NICHOLAS MURPHY 999009999 0 PATRICK PITTMAN P00587461 5403450936 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICHOLAS L MURPHY PO BOX 1869 LEXINGTON VA 24450 8612457 0 X WWW.SIGMANUFOUNDATION.ORG X 1946 VA THE SIGMA NU EDUCATIONAL FOUNDATION SECURES AND PROVIDES ENDURING RESOURCES TO SUPPORT THE EDUCATIONAL AND CHARITABLE INITIATIVES OF SIGMA NU FRATERNITY. 13 13 0 45 0 0 2639584 4143027 172520 212520 435409 233760 22389 92871 3269902 4682178 1104775 1581076 0 0 582813 570608 0 0 481231 904340 880279 2591928 3031963 677974 1650215 16336888 19510552 493040 1410702 15843848 18099850 X THE SIGMA NU EDUCATIONAL FOUNDATION SECURES AND PROVIDES ENDURING RESOURCES TO SUPPORT THE EDUCATIONAL AND CHARITABLE INITIATIVES OF SIGMA NU FRATERNITY. 0 0 1549914 1534723 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. 418746 PROVIDES FOR THE CARE AND MAINTENANCE OF THE SIGMA NU HEADQUARTERS SHRINE LOCATED IN LEXINGTON, VIRGINIA. 60544 45353 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. 16191 1000 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. 16191 1000 2045395 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AR CA CO CT FL GA HI IL KS KY LA MD MA MI MN MS NH NJ NM NY NC OK OR PA RI SC TN UT VA WV WI DC ME ND NV OH WA X NICHOLAS L MURPHY 5404631869 9 NORTH LEWIS STREET LEXINGTON VA 24450 X TODD E ELIASON CHAIRMAN 5.00 X 0 0 0 ROBERT J LALANNE CHARIMAN-ELECT 5.00 X 0 0 0 JONATHAN D SPRENGER TREASURER 5.00 X 0 0 0 JOE B FRANCIS SECRETARY 2.00 X 0 0 0 JAMES R MOUNIER AT-LARGER MEMBER 1.00 X 0 0 0 GEORGE C TAYLOR DIRECTOR 1.00 X 0 0 0 RODOLFO O GARCIA DIRECTOR 1.00 X 0 0 0 CONNOR J GANLY DIRECTOR 1.00 X 0 0 0 WILLIAM B GEDDY DIRECTOR 1.00 X 0 0 0 CLYDE E YELVERTON DIRECTOR 1.00 X 0 0 0 TIMOTHY C HUFFMYER REGENT (EX-OFFICIO) 1.00 X 0 0 0 MAURY D GASTON REGENT-ELECT (EX-OFFICIO) 1.00 X 0 0 0 ALBERT W WURSTER GRAND TREASURER (EX-OFFICI 1.00 X 0 0 0 RICHARD B BEACHAM PRESIDENT 15.00 45.00 X 0 365089 11992 NICHOLAS L MURPHY CHIEF FINANCIAL OFFICER 25.00 35.00 X 0 193502 1693 DAVID M MAINELLA CHIEF DEVELOPMENT OFFICER 50.00 X 0 189630 11931 0 748221 25616 0 0 1 0 0 73583 4069444 100852 4143027 HEADQUARTERS SHRINE 900099 212520 212520 212520 173809 173809 3946430 3886479 59951 59951 59951 105399 73583 43800 61599 61599 MISCELLANEOUS ADMINISTRATIVE EXPE 900099 18384 18384 GAIN ON MATURITY OF LIFE INSURANC 900099 12888 12888 31272 4682178 290855 0 248296 1535723 1535723 45353 45353 499412 110078 197253 192081 15479 4700 8363 2416 25241 8849 10388 6004 30476 7088 13686 9702 19562 19562 23760 23760 58801 58801 110249 26753 49423 34073 43540 3403 40137 67174 67031 143 72641 605 40521 31515 20000 20000 149512 149512 32797 26092 6705 PRINTED MATERIALS & PUB 129419 129419 BAD DEBT EXPENSE 63420 63420 REPAIRS & MAINTENANCE 37225 37225 SUPPLIES 30516 3060 2440 25016 21663 3326 7469 10868 3031963 2045395 505337 481231 5249411 3611188 924058 2238256 2193 58574 1608714 1532246 24046 26153 22363 37933 8710876 3512649 2348271 5198227 5842057 6516409 315775 291566 16336888 19510552 285870 286087 129163 34067 1245 1000 1000000 76762 89548 493040 1410702 X 3600278 5140912 12243570 12958938 15843848 18099850 16336888 19510552 X 1650215 566669 39118 X X 0 1 X 1 0 X 2365356 3045382 1867841 2547684 4143027 13969290 2365356 3045382 1867841 2547684 4143027 13969290 13969290 195756 189289 133064 326256 386329 1230694 65553 7629 43533 22389 31272 170376 15370360 0.90880 0.91200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 1043060 197805 -81938 30205 1128722 672451 466618 -68332 27677 1043060 563649 129789 1750 19237 672451 572724 1 14183 6041 17218 563649 572765 837 18319 1750 17447 572724 0.00000 0.83000 0.17000 0 0 245461 245461 3720379 613859 3106520 3125554 1844568 1280986 1609121 1054222 554899 10361 10361 5198227 LONG-TERM INVESTMENTS: STOCKS, BONDS, & MUTUAL FUNDS 6516409 F 6516409 NON-DEDUCTIBLE DEDUCTIBLE CONTRIBUTIONS HELD FOR SERVICE CLIENTS 89548 89548 X 5229164 566669 566669 4662495 58801 -39118 19683 4682178 2973162 0 2973162 58801 58801 3031963 PART III, LINE 4: WORKS OF ART AND ANTIQUE FURNISHINGS THAT COMPLIMENT THE ARCHITECTURAL AND HISTORICAL SIGNIFICANCE OF THE HEADQUARTERS SHRINE. PART V, LINE 4: CHAPTER SCHOLARSHIPS, PROPERTY MAINTENANCE AND IMPROVEMENT AND OTHER SPECIAL PURPOSES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501(C)3. ADDITIONALLY, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION QUALIFIES AS A PUBLIC CHARITY. THE FOUNDATION ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION; HOWEVER, MANAGEMENT DOES NOT BELIEVE IT IS EXPOSED TO ANY SUCH POSITIONS AS THEY ARE DEFINED IN THIS GUIDANCE. THE FRATERNITY FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF TREASURY. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN ANNUITY VALUE OF SPLIT INTEREST AGREEMENTS -26,317. CHANGE IN CSV OF LIFE INSURANCE -12,801. X X X 1 EXCALIBUR 4820 BETHANIA STATION ROAD WINSTONSALEM NC 27105 MAIL SOLICITATION, STEWARDSHIP & ANALYTICS 0 355047 153367 201680 355047 153367 201680 AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC AUCTION 178982 73583 105399 43800 178982 73583 105399 43800 43800 61599 1 BETA TAU CHAPTER OF SIGMA NU FRATERNITY 1104 PULLEN HALL CAMPUS BOX 7345 RALEIGH NC 27695 611620638 501 (C) 7 14000 0 EDUCATIONAL GRANT THE PURDUE SIGMA NU ASSOCIATION INC PO BOX 2853 WEST LAFAYETTE IN 47996 237246346 501 (C) 7 347568 0 EDUCATIONAL GRANT DELTA TAU ASSOCIATION OF SIGMA NU 94841 ELK RIVER ROAD PORT ORFORD OR 97465 936021614 501 (C) 7 58154 0 EDUCATIONAL GRANT EPSILON EPSILON BUILDING CORPORATION OF SIGMA NU FRATERNITY 2738 E 51ST ST TULSA OK 74105 237093133 501 (C) 7 1036532 0 EDUCATIONAL GRANT ZETA CHI OF SIGMA NU HOME ASSOCIATION OF HOUSTON INC 4504 VALERIE BELLAIRE TX 77401 741535172 501 (C) 7 10370 0 EDUCATIONAL GRANT RHO CHAPTER OF SIGMA NU FRATERNITY 1202 PARK AVE COLUMBIA MO 652014925 237432859 501 (C) 7 13922 0 EDUCATIONAL GRANT 6 STUDENT SCHOLARSHIPS 87 45353 PART I, LINE 2: INDIVIDUAL SCHOLARSHIP RECIPIENTS DECLARE THEIR USE OF FUNDS IS FOR A VALID PURPOSE. ORGANIZATIONS THAT RECEIVE GRANT FUNDING ARE PERIODICALLY REVIEWED TO ENSURE THE PROJECTS THAT RECEIVED GRANT FUNDING ARE STILL BEING USED FOR QUALIFYING USES. X X X X X 0 0 0 0 0 0 0 0 0 RICHARD B BEACHAM PRESIDENT 0 303821 0 61268 0 0 0 0 0 11992 0 377081 0 0 DAVID M MAINELLA CHIEF DEVELOPMENT OFFICER 0 189630 0 0 0 0 0 0 0 11931 0 201561 0 0 NICHOLAS L MURPHY CHIEF FINANCIAL OFFICER 0 175968 0 17534 0 0 0 0 0 1693 0 195195 0 0 X 3526 FAIR MARKET VALUE X 8 97326 AVERAGE HI/LOW PRICE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS, AS WELL AS OFFICERS, MUST PROVIDE AN ANNUAL DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. WHEN A CONFLICT OF INTEREST ARISES, PRIOR TO ANY BUSINESS BEING CONDUCTED, THE PRESIDENT REPORTS THE MATTER TO THE EXECUTIVE COMMITTEE FOR DISPOSITION IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATIONS, WHICH INCLUDE, BUT ARE NOT LIMITED TO, THE REVIEW OF COMPETING BIDS FOR SUCH BUSINESS ACTIVITY AND BEFORE ENGAGING IN ANY BUSINESS THAT THE NATURE OF THE RELATIONSHIP WILL BE DEFINED IN WRITING. IF ANY CONFLICT OF INTEREST INVOLVES A MEMBER OF THE BOARD OF DIRECTORS, THAT MEMBER RECUSES HIMSELF FROM ANY DISCUSSION, CONSIDERATION, AND/OR VOTING ON SUCH MATTERS FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING COMPENSATION FOR THE PRESIDENT AND OTHER KEY EMPLOYEES, THE BOARD OF DIRECTORS REVIEWS THE GRANTMAKERS SALARY AND BENEFITS REPORT FROM THE COUNCIL ON FOUNDATIONS AND COMPILATIONS OF FORM 990 INFORMATION FROM OTHER FRATERNITY FOUNDATIONS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, A COPY IS PROVIDED TO THE REQUESTING PARTY. FORM 990, PART VII, COLUMN E PRESIDENT R. BRADLEY BEACHAM IS A SHARED EMPLOYEE BETWEEN SIGMA NU FRATERNITY, INC. AND SIGMA NU EDUCATIONAL FOUNDATION, INC. SIGMA NU EDUCATIONAL FOUNDATION REIMBURSES SIGMA NU FRATERNITY BASED ON TIME SPENT WORKING FOR SIGMA NU EDUCATIONAL FOUNDATION, APPROXIMATELY 15 HOURS PER WEEK, AT A PREDETERMINED HOURLY COMPENSATION RATE PLUS APPLICABLE TAX AND BENEFITS EXPENSE. CHIEF FINANCIAL OFFICER NICHOLAS L. MURPHY IS A SHARED EMPLOYEE BETWEEN SIGMA NU FRATERNITY, INC. AND SIGMA NU EDUCATIONAL FOUNDATION, INC. SIGMA NU EDUCATIONAL FOUNDATION REIMBURSES SIGMA NU FRATERNITY FOR A PORTION OF HIS SALARY. HIS TIME IS SPLIT BETWEEN THE TWO ORGANIZATIONS, APPROXIMATELY 35 HOURS PER WEEK TO THE FRATERNITY AND 25 HOURS TO THE FOUNDATION. FORM 990, PART XI, LINE 9: CHANGE IN ANNUITY VALUE OF SPLIT INTEREST AGREEMENTS 26,317. CHANGE IN CSV OF LIFE INSURANCE 12,801. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR SIGMA NU FRATERNITY INC PO BOX 1869 LEXINGTON VA 24450 540628798 DEVELOPMENT OF LEADERS IN 501 (C) (7) 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 SIGMA NU FRATERNITY INC J 212520 MARKET VALUE LEASE AGREEMENT SIGMA NU FRATERNITY INC N 21875 COST SIGMA NU FRATERNITY INC O 570610 COST SIGMA NU FRATERNITY INC P 97149 COST