SIGMA KAPPA Voices Strong Hearts United. 2010-2011 Annual Report June 1, 2010 - May 31, 2011 Dear Sigma Kappa Sisters, On behalf of national council, it is my honor to share with you the Annual Report for 2010-2011. This brief overview describes the work completed by the Sorority during the most recent fiscal year. One of the most significant steps that the organization took this year was to create two new officer positions - vice president of philanthropic service (combining foundation and philanthropy chairmen) and vice president of communication (combining recording and corresponding secretaries). Adding these key positions ensures that our members focus on the importance of service within the chapter and places emphasis on the areas of chapter activity that national council believes are most important. In addition to social media outlets Twitter and Facebook, which have continued to grow in popularity, Sigma Kappa added a You Tube channel and an online accounting software system, Billhighway. Sigma Kappa will continue to keep our members connected through many different means of communication. The financial position of the Sorority continued to be solid, even in the midst of economic uncertainty. Membership numbers and financial operations once again remained strong for the 2010-2011 year. I recently came across a quote by Robert Collier that seemed to be fitting for this Annual Report: "Success is the sum of small efforts, repeated day in and day out." Thank you for all that you have done, day in and day out, to ensure that Sigma Kappa remains a viable organization for years to come. Loyally in Sigma Kappa, Laura Ousley Laura Owsley 2008-2012 National President 2010-2012 National Council National President Laura Owsley National VP for Alumnae Amy Denson National VP for Collegiate Chapters Missy Aupperle National VP for Membership Sara Chacon COLLEGIATE MEMBERSHIP Collegiate Membership 10-11 09-10 08-09 07-08 Chapters 109 109 110 107 Number of chapter members 11,171 10,911 10,260 10,317 Collegiate Recruitment 10-11 09-10 08-09 07-08 Chapters reaching quota within the year* 89% 81% 84% 89% Chapters achieving quota the same semester* 72% 70% 76% 67% Chapters at or above total* 84% 81% 75% 75% *Based on paid new member and per capita fees COLLEGIATE HIGHLIGHTS Total membership as of May 31, 2011 was 147,765. Number of undergraduates pledged to Sigma Kappa in 2010-2011 was 4,187. Total women initiated into Sigma Kappa in 2010-2011 was 3,811 for a 91% initiation rate. ACADEMIC EXCELLENCE Sigma Kappa's collegiate chapters have continued to excel in academics. The winter 2010 GPA was 3.01, spring 2010 GPA was 3.13, and fall 2010 GPA was 3.12 for an overall 2010-2011 GPA of 3.13. 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 3.13 3.10 3.07 3.08 3.02 3.01 3.01 National VP for Extension Sarah Womble National VP for Programming Jennifer Rainey National VP for Communication Andi Sligh National VP for Finance Cheri DeJong FINANCIAL HIGHLIGHTS The Sorority's finances are in excellent condition. Our general fund net margin for the fiscal year June 1, 2010 to May 31, 2011 is $355,746 and for all funds combined $463,799. Our national organization continues to budget conservatively and analyze our spending to make sure we are spending on "needs versus wants." It is through this mindset that we have been able to do more with our finances and to invest in areas that will impact all Sigma Kappa members. These funds are allowing Sigma Kappa to make investments in extension, technology, new programs and capital needs. Last year, Sigma Kappa had a goal to allocate additional funds for our upcoming NPC rotation in October 2013. We are very happy to announce that we have met the goal and now have approximately $216,000 ready to support the expenses of our NPC delegation during this momentous time. Sigma Kappa chapters have a new chapter accounting program with Billhighway. Implementation occurred during the spring of 2011 with all chapters on the new system as of June 1, 2011. The national organization has been listening to our members and your desires to pay online and to streamline the chapter's finances. We are pleased that this change has been received SO positively for all of our collegiate members. INCOME AND EXPENSES Income Dues, Memberships & Subscriptions $ $1,873,554.00 60.17% Educational Grant $ $50,000.00 1.61% Interest & Dividend Income $ $10,687.00 0.34% Realized Gain $ $4,427.00 0.14% Unrealized $ $21,738.00 0.70% Jewelry $ $275,515.00 8.85% Convention and Conferences $ $694,997.00 22.32% Member Services $ $182,940.00 5.88% Total Income $ $3,113,858.00 100.00% Expenses National Organization $ $245,842.00 9.28% Collegiate $ $643,098.00 24.27% Jewelry Purchases $ $146,433.00 5.53% Extension $ $96,274.00 3.63% Alumnae $ $13,282.00 0.50% Sigma Kappa Triangle $ $150,500.00 5.68% Convention $ $611,969.00 23.09% COTS $ $14,355.00 0.54% Management & General $ $728,305.00 27.48% Total Expenses $ $2,650,058.00 100.00% Net Income $ $463,800.00 Year ending May 31, 2011. *The numbers presented are based on preliminary audit results. The final audit report has not yet been completed. COLLEGE 2010-2011 INCOME Member Services, $182,940, 6% Convention and Conference, $694,997 22% Jewelry, $275,515,9% Unrealized, $21,738,1% Dues, Memberships & Subscriptions, $1,873,554, 60% Interest & Dividend Income, $10,687,0% Realized Gain, $4,427, 0% Educational Grant, $50,000, 2% 2010-2011 EXPENSES * National Organization, $245,842 9% Management & General, $728,305 27% Collegiate, $643,098 24% COTS, $14,355,1% Jewelry Purchases, $146,433, 6% Convention, $611,969 , 23% Extension, $96,274,4% Alumnae, $13,282 0% Triangle, $150,500,6% *The numbers presented are based on preliminary audit results. The final audit report has not yet been completed. STANDARDS OF EXCELLENCE 2010 2009* 2008 2007 2006 2005* 2004 2003 Three Star 7% 12% 29% 20% 11% 13% 12% 12% Two Star 19% 15% 21% 14% 12% 11% 9% 13% One Star 30% 24% 8% 21% 19% 32% 15% 20% Total % 57% 51% 58% 55% 42% 56% 36% 45% Sixty-two collegiate chapters received recognition for their achievements in the Standards of Excellence program during 2010. *SOE criteria revised to include higher standards. EXTENSION Sigma Kappa had an extraordinary year of growth. The extension team submitted materials to several universities and was invited to give four extension presentations. Sigma Kappa was selected to colonize at all four prestigious universities. Additionally, the Sorority was chosen to recolonize two dormant chapters at Arizona State University and the University of Missouri. In January, Sigma Kappa colonized the Kappa Tau Chapter at the University of West Georgia. In February, the Sorority colonized the Kappa Upsilon Chapter at The College of New Jersey. Both colonizations were extremely successful, adding 123 members to the national organization. Sigma Kappa is excited to join the Greek community at Indiana University-Purdue University Indianapolis and Florida Atlantic University in Fall 2011. Significant planning is already underway for the recolonizations of our Theta Omicron Chapter at Arizona State University (Spring 2012) and the Epsilon Mu Chapter at the University of Missouri (Fall 2012). LEADERSHIP CONSULTANT PROGRAM Two collegiate services specialists and eight leadership consultants comprised the 2010-2011 traveling staff program. Each consultant was assigned to one or two based chapters. A based consultant works with a specific chapter on an ongoing basis to provide additional support in all areas of collegiate management and recruitment. Seventeen chapters, including our newest Sigma Kappa chapters, participated in the based consultant program. Overall, 85% of our collegiate chapters received at least one visit from a consultant. Leadership consultants made 268 chapter visits during the academic year. At the end of the 2010 - 2011 academic year, the term "based chapter program" was changed to "focused chapter program." This name change better explains the purpose of the program in that participating chapters are receiving more "focused" attention and support from both staff and volunteers. PROGRAMMING HIGHLIGHTS All 109 collegiate chapters participated in the Collegiate Officer's Academy®. R Thirteen advisory boards participated in the Advisor's Academy The Advisor's Academy curriculum was updated. The following handbooks were edited and posted online: Alumnae Vice President of Communication, Alumnae Vice President of Philanthropic Service, Alumnae Sigma Kappa Triangle Correspondent, Vice President of Scholarship, Vice President of Membership, Vice President of Communication, Vice President of Philanthropic Service, and the Advisory Board/Collegiate Province Officer Handbook. CONVENTION 2010 Over 650 Sigma Kappas celebrated the "Magic of Service" at the 2010 national convention. Members and guests from all over the world made the Orlando World Marriott their home from July 7-11, 2010. To celebrate the "Magic of Service," Sigma Kappa recognized three women who have achieved great accomplishments in their professional careers. The Colby Award, Sigma Kappa's highest honor, was presented to Cheryl Stanton Bachelder, Tau, Nancy Brown Bicket, Eta, and Sandra Tauberg Bartley Hess, Alpha Sigma. The recipients were applauded for their accomplishments as they kicked off the convention with uplifting gratitude and words of encouragement. Ritual workshops encouraged our members to return to our Sigma Kappa fundamentals. Over 500 women participated in the Initiation ceremony of Julie Laperouse, Beta Epsilon, and KaAnne Morris, Beta Sigma, Sigma Kappa's 2010 honor initiates. In addition, all members participated in business meetings to discuss official matters of the Sorority, vote on changes to the bylaws, and elect the women who will lead the Sorority for the 2010-2012 biennium. Workshops were offered and led by Sorority volunteers, staff, and special guests. Featured speaker Ronica Licciardelo Cleary, Kappa Iota, encouraged our membership through a motivational presentation during the National Panhellenic Conference Luncheon, "The Magic of Community." Two other guest speakers, Cindy Stellhorn of MJ Insurance and Julie Laperouse of Screaming Peacock, also joined us for workshops. The National Housing Corporation provided informative sessions for the participating corporation board and property committee attendees, and the Sigma Kappa Foundation showed the importance of supporting sisters through giving programs during "The Magic of Giving" luncheon. A trip to Orlando wouldn't be complete without a visit to The Happiest Place on Earth! Thursday evening, Sigma Kappas enjoyed an evening at the Magic Kingdom at Walt Disney World, while others relaxed at one of the six pools the hotel had to offer. Disney favorites were also part of the five day meeting as Sigma Kappas dressed as Minnie Mouse, Tinker Bell and other favorite characters for the Confirmed Conventionite Celebration, "The Magic of Character." Sigma Kappa alumnae also celebrated their achievements through our first Alumnae Showcase on Saturday afternoon. Many awards were given to our collegiate and alumnae chapters for their successful endeavors and accomplishments during the Achievement Banquet, "The Magic of Success," on Saturday evening. ALUMNAE MEMBERSHIP Alumnae Membership 10-11 09-10 08-09 07-08 Chapters/clubs 122 120 119 122 Number of chapter/club members 2,361 1,881 2,193 2,194 Average chapter size 19 16 18 18 ALUMNAE HIGHLIGHTS Total women in alumnae chapters as of May 31, 2011 was 2,361. Sigma Kappa members reside all over the world; 481 live in foreign countries. The Greater Lansing Alumnae Chapter was re-established. Virtual Violet, the monthly online alumnae newsletter, continues to be a useful resource for e-connecting with Sigma Kappa. Current subscribers total nearly 36,000. A New Alumnae Virtual Violet was created and distributed to recent graduates. This special edition of the Virtual Violet is designed with new grads in mind and includes articles on job hunting and fashion tips, how to begin life in a new town, as well as a list of the active alumnae chapters. ALUMNAE INITIATE PROGRAM Twenty-seven outstanding women received the gift of Sigma Kappa sisterhood after college by becoming alumnae initiates. Ten collegiate chapters utilized the alumna initiate program by recommending deserving family members or community leaders. Several newly initiated alumnae have already assumed advisory and corporation board roles. Orange Coun Alumnae NATIONAL HEADQUARTERS UPDATE National Headquarters made a number of changes in key areas to move the national organization forward. Some of these changes included: The 2010 convention body approved the addition of a new collegiate chapter executive council position, the vice president of philanthropic service, and combined two positions (recording and corresponding secretaries) into the vice president of communication. Collegiate chapters transitioned to a new online accounting software system called Billhighway. This new systems offers members online bill-pay options and improved chapter financial reporting tools. Over 1,000 potential new member recommendations were submitted using our online Recruitment Introduction Form. The online reporting site, Dove Hub, continues to be enhanced. An academic graph was added as well as a report to assist chapters in tracking new members. The Sorority currently has 257 licensed vendors in Shop Sigma Kappa and the 2010 royalty revenue was at a record level. The national organization continued to utilize social media as a means of communicating with our members. A YouTube channel was created and videos from COTS and convention were posted. Staff members continued involvement in professional organizations and societies providing them with outside opportunities for personal and professional growth. SIGMA KAPPA Voices Strong Hearts United. Sigma Kappa Sorority Annual Report I Sigma Kappa Sorority National Headquarters I 8733 Founders Road I Indianapolis, Indiana 46268