2025-02-10T15:40:18-06:00 2024-05-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-06-01 136093817 THE SIGMA ALPHA MU FOUNDATION SIGM 3177898339 8701 FOUNDERS ROAD INDIANAPOLIS IN 46268 RYAN ROBERTSON TREASURER 3177898339 2025-02-04 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2025-02-04 2023 2025-03-06 01:10:19Z ROBERT WEISS 8701 FOUNDERS ROAD INDIANAPOLIS IN 46268 4120093 0 X HTTP://SAM-FDN.ORG/HOME X 1944 DC TO FURNISH STUDENT AID, TO ENCOURAGE AND DEVELOP CONDUCT AND TRAITS OF CHARACTER CONSISTENT WITH HIGH MORALS, CONSTRUCTIVE CITIZENSHIP, SCHOLARSHIP, LEADERSHIP AND COMMUNITY SERVICE AND TO SUPPORT THE EDUCATIONAL INTERESTS AND ACTIVITIES OF THE SIGMA ALPHA MU FRATERNITY. 21 21 4 55 13620 12621 478393 1163830 0 0 333458 296652 36617 33937 848468 1494419 297467 454963 0 0 180834 313515 0 0 220685 307141 323477 785442 1091955 63026 402464 10441546 11987603 352747 334585 10088799 11653018 TO FURNISH STUDENT AID, TO ENCOURAGE AND DEVELOP CONDUCT AND TRAITS OF CHARACTER CONSISTENT WITH HIGH MORALS, CONSTRUCTIVE CITIZENSHIP, SCHOLARSHIP, LEADERSHIP AND COMMUNITY SERVICE AND TO SUPPORT THE EDUCATIONAL INTERESTS AND ACTIVITIES OF THE SIGMA ALPHA MU FRATERNITY. 0 0 74168 58000 EDUCATIONAL GRANTS PAID TO SIGMA ALPHA MU FRATERNITY, INC. TO SUPPORT THE EDUCATIONAL PROGRAMS THAT PROMOTE HIGHER EDUCATION AND SELF-DEVELOPMENT FOR UNDERGRADUATE MEMBERS OF SIGMA ALPHA MU FRATERNITY, INC. 410331 320883 SCHOLARSHIPS ARE AWARDED TO UNDERGRADUATES AND GRADUATE STUDENTS ATTENDING COLLEGES AND UNIVERSITIES IN THE UNITED STATES AND CANADA. THE SCHOLARSHIPS ARE PROVIDED TO ENABLE THE PURSUIT OF HIGHER EDUCATION. 97287 76080 CHARITABLE CONTRIBUTIONS MADE TO OTHER INSTITUTIONS FOR SCHOLARSHIPS AND EDUCATIONAL PROGRAMS THAT SUPPORT HIGHER EDUCATION AND SELF DEVELOPMENT FOR UNDERGRADUATE STUDENTS. 581786 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 4 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN AK AZ AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA DC WA WV WI X THE ORGANIZATION 3177898339 8701 FOUNDERS ROAD INDIANAPOLIS IN 46268 ROBERT WEISS PRESIDENT 5.00 X X 0 0 0 DENNIS PAESE VICE PRESIDENT 5.00 X X 0 0 0 JAMES ROBERTSON TREASURER 5.00 X X 0 0 0 JOHN PAINE SECRETARY 5.00 X X 0 0 0 ROBERT FAGENSON DIRECTOR 1.00 X 0 0 0 NELSON FRANCE DIRECTOR 1.00 X 0 0 0 LELAND GARRETT DIRECTOR 1.00 X 0 0 0 RONALD KATCH DIRECTOR 1.00 X 0 0 0 LAWRENCE LEIB DIRECTOR 1.00 X 0 0 0 NATHANIEL LOCKLIN DIRECTOR 1.00 X 0 0 0 EVAN LUBLINE DIRECTOR 1.00 X 0 0 0 HANNO MOTT DIRECTOR 1.00 X 0 0 0 ROY NEULICHT DIRECTOR 1.00 X 0 0 0 DAVID PHILLIPS DIRECTOR 1.00 X 0 0 0 DAVID RICE DIRECTOR 1.00 X 0 0 0 BRADLEY UNGER DIRECTOR 1.00 X 0 0 0 RICHARD WILLIAMSON DIRECTOR 1.00 X 0 0 0 LAWRENCE WITTELS DIRECTOR 1.00 X 0 0 0 MARC PERLSTEIN DIRECTOR 1.00 X 0 0 0 STEVEN KAHN DIRECTOR 1.00 X 0 0 0 OFFER KORIN DIRECTOR 1.00 X 0 0 0 AARON GIRSON CEO 40.00 X 130318 0 8587 130318 0 8587 1 0 0 0 0 1163830 1163830 338589 338589 84075 50138 33937 33937 13620 20317 2533599 2575536 -41937 -41937 -41937 1494419 0 13620 316969 119213 119213 335750 335750 144850 45678 37783 61389 141398 44589 36883 59926 7923 4266 2281 1376 19344 6264 4835 8245 11807 11807 18800 18800 57977 57977 23675 23675 30242 30242 31366 3600 14417 13349 46199 10484 11251 24464 7540 7540 32506 9751 3251 19504 17841 17841 2994 2994 9908 9908 22537 22537 OTHER EXP 11128 2191 6747 2190 DUES & SUB. 4227 4227 BAD DEBT -5270 -5270 1091955 581786 289484 220685 195484 166547 337559 185639 166079 315139 0 512 2327 2210 16421 20739 980735 384223 626544 596512 8944906 10560004 152226 140301 10441546 11987603 13295 35342 11780 500 220314 205467 107358 93276 352747 334585 X 1388333 1442289 8700466 10210729 10088799 11653018 10441546 11987603 402464 1161755 0 X X 0 1 X 1 0 X 399050 591012 476703 478393 1163830 3108988 399050 591012 476703 478393 1163830 3108988 851102 2257886 334836 338848 537735 416354 422664 2050437 5675 11493 15182 32350 462 621 1083 5192858 0.43480 0.41060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7737763 488155 1148241 289031 1898 126616 8956614 7656051 198814 -42324 206257 -237893 106414 7737763 8154506 114637 -422021 190421 -82864 83514 7656051 6506110 49230 1729495 178290 -135676 87715 8154506 5179454 1423322 191758 204450 11230 72744 6506110 0.01522 0.75337 0.23140 0 0 82500 82500 880669 366657 514012 17566 17566 0 596512 SECURITY DEPOSITS 5958 DUE TO SIGMA ALPHA MU FRATERNITY 87318 93276 X 2648335 1161755 50138 1211893 1436442 57977 57977 1494419 1084116 50138 50138 1033978 57977 57977 1091955 PART V, LINE 4: INVESTMENT EARNINGS FROM ENDOWMENT FUNDS ARE USED TO AWARD SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS ATTENDING COLLEGES AND UNIVERSITIES AND TO FUND EDUCATIONAL GRANTS TO ORGANIZATIONS TO PROMOTE SCHOLARSHIP, LEADERSHIP, CITIZENSHIP, AND STUDENT HEALTH PROGRAMS. PART X, LINE 2: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION OTHER THAN A PRIVATE FOUNDATION AND IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION 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 FOUNDATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2024 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. AS SUCH, THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, AND A CORRESPONDING STATE RETURN, WHICH ARE INFORMATIONAL RETURNS ONLY. THE FOUNDATION 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 50,138. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 50,138. 0 SIGMA ALPHA MU FRATERNITY INC 8701 FOUNDERS ROAD INDIANAPOLIS IN 46268 131306360 501(C)(7) 57700 0 LEADERSHIP SCHOOLS, ALCOHOL AWARENESS EDUCATION AND CITIZENSHIP TRAINING UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET RM 305 PHILADELPHIA PA 19104 231352685 501(C)(3) 9000 0 CHAPTER HOUSING IMPROVEMENTS SIGMA THETA CHAPTER OF SIGMA ALPHA MU 2501 LEON STREET AUSTIN TX 78705 740898333 501(C)(7) 10116 0 IMPROVEMENTS TO EDUCATIONAL SPACE AND INTERNET ACCESS OF THE CHAPTER HOUSE. 3 SCHOLARSHIPS 356 335750 PART I, LINE 2: THE FOUNDATION ONLY APPROVES GRANTS THAT ARE FOR USE IN A SPECIFIC PROGRAM BASED ON BUDGETS AND ALSO REVIEWS THEM AFTER THE PROGRAMS HAVE TAKEN PLACE TO ENSURE THAT PROPOSALS WERE FOLLOWED. AMOUNTS ARE DISBURSED ONLY AFTER THAT REVIEW PROCESS. FORM 990, PART VI, SECTION A, LINE 4 THE SIGMA ALPHA MU FOUNDATION AMENDED THEIR BYLAWS EFFECTIVE 2/24/2024 AND MADE THE FOLLOWING SIGNIFICANT CHANGES. TO ARTICLE 1.1.1 ADDITIONAL RESPONSIBILITIES OF THE BOARD WERE ADDED AND DEFINED AS FOLLOWS: "THE MANAGEMENT OF THE FOUNDATION AND RESPONSIBILITY FOR THE OPERATION OF THE FOUNDATION SHALL BE VESTED IN THE BOARD. ONLY THE BOARD MAY SELECT AND REMOVE THE CEO AND SET COMPENSATION FOR THE CEO." TO ARTICLE 1.1.2 THE FOLLOWING QUALIFICATIONS WERE ADDED:"NO OFFICER, CONSUL, EMPLOYEE/STAFF, OR MEMBER OF THE NOMINATING COMMITTEE OF SIGMA ALPHA MU FRATERNITY SHALL BE A DIRECTOR WHILE HOLDING HIS FRATERNITY POSITION. FURTHER, NO MORE THAN THREE (3) TRUSTEES OF THE SIGMA ALPHA MU ENDOWMENT FUND SHALL SERVE AS DIRECTORS AT ANY GIVEN TIME" ARTICLE 2.4.1 WAS AMENDED FROM: "THE PRESIDENT SHALL BE THE CHIEF EXECUTIVE OFFICER OF THE FOUNDATION HAVE GENERAL SUPERVISION OF THE EXECUTIVE VICE-PRESIDENT, IF ANY, AND THE AFFAIRS OF THE CORPORATION, AND SHALL KEEP THE BOARD OF DIRECTORS FULLY INFORMED ABOUT THE ACTIVITIES OF THE CORPORATION. HE SHALL HAVE THE POWER TO SIGN ALONE, UNLESS THE BOARD OF DIRECTORS SHALL SPECIFICALLY REQUIRE AN ADDITIONAL SIGNATURE, IN THE NAME OF THE CORPORATION, ALL CONTRACTS, MORTGAGES, BONDS AND OTHER INSTRUMENTS OF THE FOUNDATION AND SHALL SEE THAT ALL ORDERS AND RESOLUTIONS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE ARE CARRIED INTO EFFECT." TO "THE PRESIDENT OF THE BOARD SHALL PRESIDE AT ALL MEETINGS OF THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE AT WHICH HE IS PRESENT; AND SHALL BE AN EX-OFFICIO MEMBER OF ALL COMMITTEES (OTHER THAN THE EXECUTIVE COMMITTEE, AS SET FORTH IN SECTION 1.2.1.) THE PRESIDENT SHALL APPOINT THE CHAIRS OF ALL COMMITTEES, STANDING OR OTHERWISE AND, AFTER CONSULTATION WITH SUCH CHAIRS, APPOINT THE MEMBERS OF EACH STANDING OR OTHER COMMITTEE, THE PRESIDENT HAS THE POWER TO REMOVE OR REASSIGN COMMITTEE CHAIRS AT ANY TIME. THE PRESIDENT SHALL HAVE GENERAL SUPERVISION OF THE CEO, IF ANY, AND THE AFFAIRS OF THE CORPORATION, AND SHALL KEEP THE BOARD OF DIRECTORS FULLY INFORMED ABOUT THE ACTIVITIES OF THE CORPORATION. HE SHALL HAVE THE POWER TO SIGN, ALONG WITH THE CEO, IN THE NAME OF THE CORPORATION, ALL CONTRACTS, MORTGAGES, BONDS AND OTHER INSTRUMENTS OF THE FOUNDATION THAT HAVE BEEN AUTHORIZED IN ACCORDANCE WITH THESE BY-LAWS AND SHALL SEE THAT ALL ORDERS AND RESOLUTIONS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE ARE CARRIED INTO EFFECT." ARTICLE 2.6 WAS ADDED TO THE BYLAWS, CREATING THE POSITION OF CHIEF EXECUTIVE OFFICER: DUTIES. THE CHIEF EXECUTIVE OFFICER, (CEO) UNDER THE SUPERVISION AND CONTROL OF THE PRESIDENT, THE BOARD, AND THE EXECUTIVE COMMITTEE, SHALL BE THE PRINCIPAL OPERATING OFFICER OF THE FOUNDATION AND SHALL EMPLOY AND DIRECT THE STAFF PERSONNEL TO CONDUCT ITS WORK. THE CEO IS RESPONSIBLE FOR THE SUCCESS AND EFFICIENCY OF MISSION DELIVERY INCLUDING FUNDRAISING/DEVELOPMENT, PROGRAM/SERVICES, AND BUSINESS OPERATIONS OF THE FOUNDATION. THE CEO SHALL REPORT TO THE PRESIDENT, BOARD, AND THE EXECUTIVE COMMITTEE ON THE WORK OF THE FOUNDATION AND SHALL BE CHARGED WITH PREPARING REQUISITE INFORMATION FOR THE APPROPRIATE COMMITTEES OF THE BOARD WITH RESPECT TO BUDGETING, PLANNING, ADMINISTRATION, AND ALL OTHER MATTERS NECESSARY OR APPROPRIATE TO PERMIT THE EFFECTIVE OPERATION OF SUCH COMMITTEES FOR THE BENEFIT OF THE BOARD AND THE EXECUTIVE COMMITTEE. THE CEO SHALL PERFORM SUCH OTHER DUTIES AS MAY FROM TIME TO TIME BE REQUIRED OF HIM OR HER BY THE PRESIDENT, THE BOARD OF DIRECTORS, OR THE EXECUTIVE COMMITTEE. THE CEO SHALL SEE THAT ALL ORDERS AND RESOLUTIONS OF THE BOARD ARE CARRIED INTO EFFECT. THE CEO SHALL HAVE THE AUTHORITY TO ENTER CONTRACTS ON BEHALF OF THE FOUNDATION AND TO EXECUTE, ALL DOCUMENTS, AGREEMENTS, CONTRACTS, CHECKS, FORMS, AND INSTRUMENTS ON BEHALF OF THE FOUNDATION AUTHORIZED EITHER GENERALLY OR SPECIFICALLY BY THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PRESENTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL AND ISSUED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A DIRECTOR MUST SUBMIT AN ANNUAL DISCLOSURE OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990, APPLICATION FOR EXEMPTION, GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE, UPON REQUEST, IN A TIMELY MANNER, AND SUBJECT TO THE CHARGES PERMITTED BY LAW TO ANY INDIVIDUALS WHO REQUEST THE INFORMATION. FORM 990, PART XII, LINE 2C: THE AUDIT/TAX COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSEEING THE AUDIT PROCESS AS WELL AS SELECTING AN INDEPENDENT ACCOUNTANT.