Overview
What is Sigma Nu Fraternity Inc?
Sigma Nu Fraternity Inc, based in Lexington, Virginia, is a nonprofit organization dedicated to fostering ethical leaders. They operate a risk reduction program to provide insurance protection for undergraduate and volunteer alumni members, ensuring their safety while they contribute to the educational development of the undergraduate members on campus. The premiums collected are utilized to purchase liability insurance and cover related costs, aiming to minimize future risk liability. Sigma Nu Fraternity's mission is deeply rooted in the principles of love, honor, and truth, inspiring personal growth and the development of each member's mind, heart, and character. The organization's team consists of 37 dedicated individuals.
Official website here: www.sigmanu.org
Is Sigma Nu Fraternity Inc legitimate?
Sigma Nu Fraternity Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sigma Nu Fraternity Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,459,070
For more financial information, click here
Official website here: www.sigmanu.org
What is the mission statement of Sigma Nu Fraternity Inc?
Sigma Nu Fraternity Inc's mission is centered around developing ethical leaders for society. This is achieved by focusing on the personal development of its members. The fraternity aims to inspire these leaders through the principles of love, honor, and truth. Furthermore, Sigma Nu Fraternity Inc fosters the personal growth of each member's mind, heart, and character. The organization also works towards perpetuating lasting friendships and fostering a lifelong commitment to the fraternity. In addition, the fraternity has established a risk reduction program to provide insurance protection for its undergraduate and volunteer alumni members, helping in the educational development of the undergraduate members at campus locations.
Official website here: www.sigmanu.org
Who is the CEO of Sigma Nu Fraternity Inc?
Nicholas L Murphy is the Regent of Sigma Nu Fraternity Inc.
Official website here: www.sigmanu.org
What is the revenue of Sigma Nu Fraternity Inc?
Sigma Nu Fraternity Inc's revenue in 2022 was $6,498,156.
Official website here: www.sigmanu.org
Who are the executives of Sigma Nu Fraternity Inc and what are their salaries?
The average compensation at Sigma Nu Fraternity Inc during 2022 was $39,434. There are 37 employees and 2014 volunteers at Sigma Nu Fraternity Inc.
Here are 13 key members and their salaries:
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- Compensation: $371,573
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- Other: $11,596
- Compensation: $191,756
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- Other: $1,666
Official website here: www.sigmanu.org
Where can I find the form 990 for Sigma Nu Fraternity Inc?
Sigma Nu Fraternity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmanu.org
Learn more at the official website: www.sigmanu.org
Mission Statement of Sigma Nu Fraternity Inc
Sigma Nu Fraternity Inc is committed to cultivating ethical leaders for society. Their mission is centered around the personal development of its members, inspiring them through the principles of love, honor, and truth. This organization strives to foster the growth of each individual's mind, heart, and character, aiming to build lifelong friendships and a deep-rooted commitment towards the fraternity.
In line with this mission, Sigma Nu Fraternity Inc establishes programs that prioritize the development of its members. One such initiative is their Risk Reduction Program, which provides insurance protection for undergraduate and volunteer alumni members. By charging insurance premiums to chapters, the organization is able to purchase liability insurance protection and cover related costs in an effort to minimize future risk liability. This proactive approach to risk management not only protects the members but also contributes to the overall success and sustainability of the fraternity.
In summary, Sigma Nu Fraternity Inc is dedicated to shaping ethical leaders who can positively contribute to society. Through its mission, the fraternity encourages personal growth, fosters lifelong friendships, and instills a strong commitment to the organization. The Risk Reduction Program is a testament to Sigma Nu Fraternity Inc's proactive approach to member protection and risk management, ensuring a safe and nurturing environment for its members to thrive in.
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Impact
October, 2024
Sigma Nu Fraternity Inc plays a significant role in shaping the future by developing ethical leaders dedicated to societal improvement. By focusing on the personal growth of each member, the fraternity inspires a commitment to values such as love, honor, and truth. This emphasis on character development not only fosters lifelong friendships among members but also encourages a supportive community where individuals can thrive.
Additionally, Sigma Nu's risk reduction program exemplifies its proactive approach to safeguarding the educational experiences of its undergraduate and alumni members. By providing insurance protection, the fraternity helps minimize potential liabilities, allowing members to focus on their personal and educational development without unnecessary concerns. This combination of leadership development, commitment to ethical principles, and risk management creates a positive impact on campuses and communities, shaping individuals who are prepared to contribute meaningfully to society.
This information is meant to be a general summary of Sigma Nu Fraternity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $191,910
- Program Service Revenue: $238,473
- Gross Receipts: $6,790,426
Assets and Liabilities:
- Total Assets: $9,926,388
- Total Liabilities: $2,073,747
- Net Assets: $7,852,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCLAVE REVENUE
Revenue
$238,473
Organization Details
Founding Year
1869
Phone
(540) 463-1869Principal Officer
Nicholas L Murphy
Main Address
PO BOX 1869, LEXINGTON, VA, 24450
Website
www.sigmanu.orgNTEE Category
Code: B83 - Education
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