Sigma Alpha Mu Fraternity Inc
Sigma Alpha Mu Fraternity Inc. frequently operates at a deficit, with expenses exceeding revenue in multiple recent fiscal periods.
EIN: 131306360 · Indianapolis, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| Net Assets | $4.1M |
| Transparency Score | 65/100 |
Is Sigma Alpha Mu Fraternity Inc 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 Fraternity Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sigma Alpha Mu Fraternity Inc
Sigma Alpha Mu Fraternity Inc (EIN: 131306360) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $2.8M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sigma Alpha Mu Fraternity Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sigma Alpha Mu Fraternity Inc is a mid-size nonprofit that has been operating for 85 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-327,688 |
| Total Assets | $8.0M |
| Total Liabilities | $3.9M |
| Net Assets | $4.1M |
| Operating Margin | -17.9% |
| Debt-to-Asset Ratio | 49.2% |
| Months of Reserves | 44.4 months |
Financial Health Grade: B
In 2023, Sigma Alpha Mu Fraternity Inc reported a deficit of $328K with expenses exceeding revenue, holds 44.4 months of operating reserves (strong position), has a debt-to-asset ratio of 49.2% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Sigma Alpha Mu Fraternity Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | +11.2% | -8.0% |
| 2022 | -11.7% | -11.1% | -2.1% |
| 2021 | +56.5% | +3.8% | +20.9% |
| 2020 | -23.9% | -13.3% | +0.3% |
| 2019 | +8.3% | +20.1% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Fraternity Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Sigma Alpha Mu Fraternity Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $328K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.2%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, which suggests either that no officers receive compensation or that compensation is reported under different categories, requiring further clarification for a complete understanding of executive pay.
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 Fraternity Inc's IRS 990 filings:
- Recurring operational deficits, with expenses exceeding revenue in multiple recent periods (e.g., 202305, 202005, 201905).
- Significant liabilities relative to assets, with liabilities at $3,927,195 against assets of $7,985,659 in 202305, indicating a substantial portion of assets are offset by obligations.
Strengths
The following positive indicators were identified for Sigma Alpha Mu Fraternity Inc:
- Strong asset base, consistently maintaining over $7 million in assets, providing financial stability.
- Consistent reporting of 0% officer compensation, indicating either volunteer leadership or transparent reporting of no direct officer pay.
- Relatively stable revenue streams over the past decade, generally around $2 million annually.
Frequently Asked Questions about Sigma Alpha Mu Fraternity Inc
Is Sigma Alpha Mu Fraternity Inc a legitimate charity?
Sigma Alpha Mu Fraternity Inc (EIN: 131306360) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sigma Alpha Mu Fraternity Inc spend its money?
Sigma Alpha Mu Fraternity Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Sigma Alpha Mu Fraternity Inc tax-deductible?
Sigma Alpha Mu Fraternity Inc is registered as a tax-exempt nonprofit (EIN: 131306360). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sigma Alpha Mu Fraternity Inc's spending goes to programs?
Sigma Alpha Mu Fraternity Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Sigma Alpha Mu Fraternity Inc located?
Sigma Alpha Mu Fraternity Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 131306360.
How many years of IRS 990 filings does Sigma Alpha Mu Fraternity Inc have?
Sigma Alpha Mu Fraternity Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Is Sigma Alpha Mu Fraternity Inc. financially sustainable given its recurring operational deficits?
The organization has reported expenses exceeding revenue in several periods, including 202305 ($2,158,081 expenses vs. $1,830,393 revenue), 202005, and 201905. While it has a strong asset base ($7,985,659 in 202305), consistent deficits could impact long-term sustainability if not addressed.
What is the nature of the liabilities reported by the organization?
Liabilities have been substantial, reaching $3,927,195 in 202305. Understanding the composition of these liabilities (e.g., program-related debt, operational payables) is crucial for assessing financial risk.
How does Sigma Alpha Mu Fraternity Inc. cover its operational deficits?
Given the recurring deficits, the organization likely draws from its asset base or relies on prior surpluses. A detailed analysis of cash flow statements would be needed to understand the funding mechanisms for these shortfalls.
Filing History
IRS 990 filing history for Sigma Alpha Mu Fraternity Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Sigma Alpha Mu Fraternity Inc's revenue has grown by 5.3%, moving from $1.7M to $1.8M. Total assets increased by 27.1% over the same period, from $6.3M to $8.0M. Total functional expenses rose by 41.6%, from $1.5M to $2.2M. In its most recent filing year (2023), Sigma Alpha Mu Fraternity Inc reported a deficit of $328K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $8.0M in assets (debt-to-asset ratio: 49.2%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.2M | $8.0M | $3.9M | — | View 990 |
| 2022 | $2.2M | $1.9M | $8.7M | $3.8M | — | View 990 |
| 2021 | $2.5M | $2.2M | $8.9M | $3.6M | — | View 990 |
| 2020 | $1.6M | $2.1M | $7.3M | $3.2M | — | — |
| 2019 | $2.1M | $2.4M | $7.3M | $3.1M | — | View 990 |
| 2018 | $1.9M | $2.0M | $7.7M | $2.8M | — | View 990 |
| 2017 | $2.0M | $2.2M | $7.6M | $2.6M | — | View 990 |
| 2016 | $1.7M | $2.0M | $7.3M | $2.5M | — | View 990 |
| 2015 | $2.1M | $1.7M | $7.6M | $2.2M | — | View 990 |
| 2014 | $1.9M | $1.9M | $7.4M | $2.3M | — | View 990 |
| 2013 | $2.1M | $1.5M | $6.9M | $2.0M | — | View 990 |
| 2012 | $1.7M | $1.5M | $6.3M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.2M, and assets of $8.0M (revenue -16.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $8.7M (revenue -11.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.2M, and assets of $8.9M (revenue +56.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.1M, and assets of $7.3M (revenue -23.9% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.4M, and assets of $7.3M (revenue +8.3% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $7.7M (revenue -3.6% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $7.6M (revenue +18.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.0M, and assets of $7.3M (revenue -19.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.7M, and assets of $7.6M (revenue +8.6% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.9M, and assets of $7.4M (revenue -8.4% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.5M, and assets of $6.9M (revenue +21.6% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sigma Alpha Mu Fraternity Inc:
Data Sources and Methodology
This transparency report for Sigma Alpha Mu Fraternity Inc 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.