Sigma Alpha Mu Foundation
Sigma Alpha Mu Foundation consistently grows assets with no reported officer compensation.
EIN: 136093817 · Indianapolis, IN · NTEE: B83I · Updated: 2026-03-28
Is Sigma Alpha Mu Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sigma Alpha Mu Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sigma Alpha Mu Foundation
Sigma Alpha Mu Foundation (EIN: 136093817) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B83I. The organization reported total revenue of $4.6M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Alpha Mu Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Alpha Mu Foundation is a mid-size nonprofit that has been operating for 82 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $848K |
| Total Expenses | $785K |
| Surplus / Deficit | +$63K |
| Total Assets | $10.4M |
| Total Liabilities | $353K |
| Net Assets | $10.1M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 159.5 months |
Financial Health Grade: A
In 2023, Sigma Alpha Mu Foundation reported a surplus of $63K with revenue exceeding expenses, holds 159.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sigma Alpha Mu Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | +30.3% | -2.6% |
| 2022 | +26.4% | -0.3% | -5.0% |
| 2021 | -0.1% | +1.8% | +23.8% |
| 2020 | -12.8% | +15.0% | +1.3% |
| 2019 | -11.3% | -14.6% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1944 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sigma Alpha Mu Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Sigma Alpha Mu Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
The Sigma Alpha Mu Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for donor perception of fund utilization.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sigma Alpha Mu Foundation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided summary
Strengths
The following positive indicators were identified for Sigma Alpha Mu Foundation:
- Consistent asset growth, from $8,277,501 in 2014 to $10,441,546 in 2023.
- Expenses consistently below revenue, indicating sound financial management.
- Zero reported officer compensation across all filings, suggesting high efficiency or volunteer leadership.
- Strong asset-to-liability ratio, demonstrating financial stability (e.g., $10,441,546 assets vs. $352,747 liabilities in 2023).
Frequently Asked Questions about Sigma Alpha Mu Foundation
Is Sigma Alpha Mu Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sigma Alpha Mu Foundation (EIN: 136093817) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Sigma Alpha Mu Foundation spend its money?
Sigma Alpha Mu Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sigma Alpha Mu Foundation tax-deductible?
Sigma Alpha Mu Foundation is registered as a tax-exempt nonprofit (EIN: 136093817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sigma Alpha Mu Foundation a good charity?
Based on the provided financial data, the Sigma Alpha Mu Foundation appears to be a well-managed organization. It consistently maintains a strong asset base, spends less than its revenue, and reports 0% officer compensation, all of which are positive indicators of a good charity.
How has the organization's financial health changed over the past decade?
Over the past decade, the organization's assets have grown from $8,277,501 in 2014 to $10,441,546 in 2023, while consistently keeping expenses below revenue. This indicates a stable and growing financial position.
What is the trend in revenue and expenses?
Revenue has fluctuated year-to-year, ranging from a low of $426,300 in 2016 to a high of $1,117,812 in 2015, with the latest reported revenue at $848,468 in 2023. Expenses have remained relatively stable, generally between $500,000 and $800,000 annually, consistently below revenue in most years.
Filing History
IRS 990 filing history for Sigma Alpha Mu Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sigma Alpha Mu Foundation's revenue has grown by 2253.6%, moving from $36K to $848K. Total assets increased by 108102.5% over the same period, from $10K to $10.4M. Total functional expenses rose by 1692.9%, from $44K to $785K. In its most recent filing year (2023), Sigma Alpha Mu Foundation reported a surplus of $63K, with revenue exceeding expenses. The organization holds $353K in liabilities against $10.4M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $848K | $785K | $10.4M | $353K | — | View 990 |
| 2022 | $967K | $603K | $10.7M | $324K | — | View 990 |
| 2021 | $765K | $604K | $11.3M | $321K | — | View 990 |
| 2020 | $765K | $594K | $9.1M | $377K | — | View 990 |
| 2019 | $878K | $516K | $9.0M | $346K | — | View 990 |
| 2018 | $989K | $605K | $8.8M | $352K | — | View 990 |
| 2017 | $830K | $609K | $8.4M | $402K | — | View 990 |
| 2016 | $426K | $593K | $7.7M | $354K | — | View 990 |
| 2015 | $1.1M | $603K | $8.5M | $385K | — | View 990 |
| 2014 | $813K | $600K | $8.3M | $358K | — | View 990 |
| 2013 | $979K | $838K | $7.7M | $422K | — | View 990 |
| 2011 | $36K | $44K | $10K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $848K, expenses of $785K, and assets of $10.4M (revenue -12.2% year-over-year).
- 2022: Revenue of $967K, expenses of $603K, and assets of $10.7M (revenue +26.4% year-over-year).
- 2021: Revenue of $765K, expenses of $604K, and assets of $11.3M (revenue -0.1% year-over-year).
- 2020: Revenue of $765K, expenses of $594K, and assets of $9.1M (revenue -12.8% year-over-year).
- 2019: Revenue of $878K, expenses of $516K, and assets of $9.0M (revenue -11.3% year-over-year).
- 2018: Revenue of $989K, expenses of $605K, and assets of $8.8M (revenue +19.1% year-over-year).
- 2017: Revenue of $830K, expenses of $609K, and assets of $8.4M (revenue +94.8% year-over-year).
- 2016: Revenue of $426K, expenses of $593K, and assets of $7.7M (revenue -61.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $603K, and assets of $8.5M (revenue +37.6% year-over-year).
- 2014: Revenue of $813K, expenses of $600K, and assets of $8.3M (revenue -17.0% year-over-year).
- 2013: Revenue of $979K, expenses of $838K, and assets of $7.7M (revenue +2615.7% year-over-year).
- 2011: Revenue of $36K, expenses of $44K, and assets of $10K.
Data Sources and Methodology
This transparency report for Sigma Alpha Mu Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.