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 540628798 SIGMA NU FRATERNITY 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 6601882 0 X WWW.SIGMANU.ORG X 1869 VA TO DEVELOP ETHICAL LEADERS FOR SOCIETY THROUGH THE PERSONAL DEVELOPMENT OF MEMBERS. 11 11 33 2067 203071 35632 2289173 2220083 238473 289306 191910 125690 3778600 3656793 6498156 6291872 0 0 0 0 1841351 1871581 0 0 0 4023168 4117723 5864519 5989304 633637 302568 9926388 10968372 2073747 2625304 7852641 8343068 TO DEVELOP ETHICAL LEADERS INSPIRED BY THE PRINCIPLES OF LOVE, HONOR AND TRUTH. TO FOSTER THE PERSONAL GROWTH OF EACH MAN'S MIND, HEART AND CHARACTER. TO PERPETUATE LIFELONG FRIENDSHIPS AND COMMITMENT TO THE FRATERNITY. 0 0 2904627 RISK REDUCTION PROGRAM IS ESTABLISHED TO PROVIDE INSURANCE PROTECTION FOR UNDERGRADUATE AND VOLUNTEER ALUMNI MEMBERS WHO ASSIST IN THE EDUCATIONAL DEVELOPMENT OF THE UNDERGRADUATE MEMBERS AT THE CAMPUS LOCATIONS. INSURANCE PREMIUMS CHARGED TO CHAPTERS ARE USED TO PURCHASE THE LIABILITY INSURANCE PROTECTION AND RELATED COSTS OF REDUCING FUTURE RISK LIABILITY. 305627 COLLEGIATE HOUSING AND REAL ESTATE SERVICES PROVIDE HOUSING FOR UNDERGRADUATE MEMBERS, SERVICES TO LOCAL CHAPTERS AND HOUSE CORPORATIONS AND EXPERTISE IN REAL ESTATE MANAGEMENT AND TRANSACTIONS. 289306 CONCLAVES EXPENSE IS FOR HOSTING GRAND CHAPTER, WHICH IS A BIANNUAL LEGISLATIVE AND EDUCATIONAL CONVENTION ATTENDED BY COLLEGIATE AND ALUMNI MEMBERS. 3499560 0 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 6 0 1 33 1 1 1 0 0 0 0 1071610 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X NICHOLAS L MURPHY 5404631869 9 NORTH LEWIS STREET LEXINGTON VA 24450 X TIMOTHY C HUFFMYER REGENT 5.00 X 0 0 0 MAURY D GASTON REGENT-ELECT 5.00 X 0 0 0 ALBERT W WURSTER GRAND TREASURER 5.00 X 0 0 0 SHON M CHRISTY VICE REGENT 5.00 X 0 0 0 DAVID J GLASSMAN VICE REGENT 5.00 X 0 0 0 JASON M LYONS VICE REGENT 5.00 X 0 0 0 STEPHEN E RATTERMAN VICE REGENT 5.00 X 0 0 0 CALEB A COVARRUBIAS COLLEGIATE GRAND COUNCILMA 5.00 X 0 0 0 EMILIO D FERRARA COLLEGIATE GRAND COUNCILMA 5.00 X 0 0 0 ANDREW P KALTHOFF COLLEGIATE GRAND COUNCILMA 5.00 X 0 0 0 NOAH G FRANK COLLEGIATE GRAND COUNCILMA 5.00 X 0 0 0 R BRADLEY BEACHAM EXECUTIVE DIRECTOR 50.00 10.00 X 365089 0 11993 NICHOLAS L MURPHY CHIEF FINANCIAL OFFICER 35.00 25.00 X 193502 0 1693 558591 0 13686 2 0 1 0 0 2220083 2220083 CONCLAVE REVENUE 900099 289306 289306 289306 111283 95335 15948 93329 93329 182814 305627 -122813 -122813 -122813 14407 0 14407 14407 14407 12344 4383 7961 7961 RISK REDUCTION 900099 3124018 3124018 OTHER INCOME 900099 372004 372004 GAIN ON INVESTMENT OF FRMT 900099 180719 180719 1575 1575 3678316 6291872 3794864 203071 73854 1516423 58524 153595 143039 107944 16000 35534 293191 6597 26631 234828 627379 84365 1470590 BAD DEBT 513120 UNDERWRITING CONTINGENC 280534 MEMBERSHIP MATERIALS 152480 GIFTS, AWARDS & CONTRIB 109960 158570 5989304 2230234 2556897 582671 582729 520974 620875 420015 429133 125886 116004 1251167 1362731 570359 351343 301237 219016 3880609 4335460 17046 14733 596549 730794 9926388 10968372 215389 359023 606770 836989 113917 104563 1137671 1324729 2073747 2625304 X 7852641 8343068 7852641 8343068 9926388 10968372 302568 234332 -46474 0 X X 0 1 X 1 0 X X 0 41770 41770 157136 70711 86425 38968 29211 9757 332085 251421 80664 400 400 219016 INVESTMENT IN FRMT, LTD. 730794 730794 CHAPTER DEPOSITS 582729 RISK REDUCTION LIABILITY 742000 1324729 X 6615579 234332 305627 539959 6075620 35534 180719 216253 6291873 6078678 305627 305627 5773051 35534 180719 216253 5989304 PART III, LINE 4: HISTORICAL DOCUMENTS, PHOTOS, FILMS, AUDIO RECORDINGS AND OTHER DIGITAL MEDIA ARE PRESERVED FOR THE HISTORICAL RECORD OF SIGMA NU FRATERNITY FOR THE BENEFIT OF CURRENT AND FUTURE MEMBERS. PART X, LINE 2: THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES ON MEMBERSHIP RELATED INCOME UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(7). INTEREST, DIVIDENDS, AND REALIZED GAINS FROM SECURITIES AND CERTAIN OTHER FORMS OF REVENUE ARE SUBJECT TO FEDERAL INCOME TAXES AS NON-MEMBERSHIP INCOME EXCEPT TO THE EXTENT SUCH INCOME IS UTILIZED OR DESIGNATED (SET ASIDE) FOR CHARITABLE OR EDUCATIONAL PURPOSES. THE FRATERNITY DOES SET ASIDE NON-MEMBER INCOME, WITH THE EXCEPTION OF INVESTMENT INCOME FROM INVESTMENTS RESERVED FOR THE PAYMENT OF CLAIMS UNDER SELF-INSURED RETENTION REQUIREMENTS. THE FRATERNITY FOLLOWS 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 (ASC); 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 AND FORM 990-T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF TREASURY. THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES PROVIDE THAT INCOME AND EXPENSES OF THE FRATERNITY'S SUBSIDIARY, FIFTH POINT PROPERTIES, LLC, ARE NOT SEPARATELY TAXABLE TO THE LIMITED LIABILITY COMPANY, BUT RATHER ACCRUE DIRECTLY TO SIGMA NU FRATERNITY, INC. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 305,627. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON INVESTMENT IN FRMT 180,719. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 305,627. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON INVESTMENT IN FRMT 180,719. X X X X 0 0 0 R BRADLEY BEACHAM EXECUTIVE DIRECTOR 303821 0 61268 0 0 0 0 0 11993 0 377082 0 0 0 NICHOLAS L MURPHY CHIEF FINANCIAL OFFICER 175968 0 17534 0 0 0 0 0 1693 0 195195 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY INITIATED MEMBER IN GOOD STANDING IS CONSIDERED A MEMBER OF SIGMA NU FRATERNITY, INC. FORM 990, PART VI, SECTION A, LINE 7A EACH COLLEGIATE CHAPTER ELECTS TWO DELEGATES, EACH ALUMNI CHAPTER ELECTS ONE DELEGATE AND ALL CURRENT AND CERTAIN PAST GRAND OFFICERS HAVE ONE VOTE AT GRAND CHAPTER, WHICH ELECTS THE HIGH COUNCIL (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7B GRAND CHAPTER HAS THE ULTIMATE AUTHORITY ON ALL DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO THE HIGH COUNCIL (BOARD OF DIRECTORS) FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WHEN A CONFLICT OF INTEREST ARISES, PRIOR TO ANY BUSINESS BEING CONDUCTED, THE EXECUTIVE DIRECTOR REPORTS THE MATTER TO THE HIGH COUNCIL (BOARD OF DIRECTORS) 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 HIGH COUNCIL, THAT MEMBER RECUSES HIMSELF FROM ANY DISCUSSION, CONSIDERATION, AND/OR VOTING ON SUCH MATTERS. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES THE HIGH COUNCIL (BOARD OF DIRECTORS) OR EXECUTIVE DIRECTOR, AS APPLICABLE, REVIEWS COMPENSATION TABLE PUBLICATIONS FROM ASAE (AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES) TO OBTAIN COMPARABLE DATA. 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 WRITTEN REQUEST. FORM 990, PART VII, COLUMN D EXECUTIVE DIRECTOR 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. PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FIFTH POINT PROPERTIES LLC PO BOX 773 LEXINGTON VA 24450 200469710 RENTAL REAL ESTATE IN -94760 1325868 SIGMA NU EDUCATIONAL FOUNDATION INC PO BOX 1869 LEXINGTON VA 24450 546035735 FUNDING & EDUCATIONAL GRANTS IN 501 (C) (3) 170 (B) (1) (A) (VI) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 SIGMA NU EDUCATIONAL FOUNDATION INC K 212520 MARKET VALUE LEASE AGREEMENT SIGMA NU EDUCATIONAL FOUNDATION INC N 21875 COST SIGMA NU EDUCATIONAL FOUNDATION INC O 570610 COST SIGMA NU EDUCATIONAL FOUNDATION INC Q 97149 COST