Alpha Sigma Tau Sorority Inc
Nonprofit profile at a glance
- EIN
- 430781516
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3176137575
- Rating confidence
- Limited
- Sector
- Student Sororities, Fraternities
Reported finances
- Revenue
- $2,098,015
- Expenses
- $2,293,612
- Assets
- $2,791,881
- Liabilities
- $1,645,688
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- JAMIE JONES MILLER (NATIONAL PRESIDENT)
- EMILY HOLLOWAY (NATIONAL VICE PRESIDENT)
- NICHOLLE PROBST (NATIONAL VICE PRESIDENT)
- LAUREN WARREN (NATIONAL VICE PRESIDENT)
- JOELL SPERRY (NATIONAL VICE PRESIDENT)
- TSAI-ANN YAWCHING (NATIONAL VICE PRESIDENT)
Highest reported compensation
- JAMES R PAPONETTI (CEO END 12/24): $120,889 total reported compensation
- ANGIE BONG (INTERIM CEO 1/25-5/25, COO 2024): $93,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Alpha sigma tau sorority is committed to developing scholars, philanthropists, leaders and sisters among our collegiate and alumnae members. The sorority strives to have a cooperative relationship with our host colleges and universities as we educate our members on who we are as alpha sigma taus through a broad spectrum of service and training opportunities. We provide information and training on business, life skills, and leadership skills.
What it reported doing in 2024
Gatherings-officer academy/national convention: each year, alpha sigma tau sponsors gatherings of leaders for educational purposes through officer academy or national conventions. Information that is presented in these programs impacts the entire membership. Officer academy is held every two years and focuses on leadership development for chapter officers. The chapter president and one to two additional officers attend. The actual event involves approximately 250 undergraduates. National convention is held every two years, alternating with officer academy. Each chapter sends at least two representatives and one advisor. Educational programming and national business meetings are a major focus as well as awards presentations.
Operating model
- Revenue model
- Earned-program. 82% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 81
- Accountability: 95
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 77%; rating input score 77; 20th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -9.3%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 1.22; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $121K · 9 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 14/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.