SIGMA KAPPA Live with Heart ANNUAL REPORT 2015-2016 Sara Seely Chacon Gamma Alpha, University of Northern Colorado Dear sisters, In July 2016, I embarked on one of the most exciting, demanding, and fulfilling journeys of my life when I was installed as national president of Sigma Kappa. During the past five months, I have learned about myself, my sisters, and our organization, and I am SO proud of all that we have accomplished in this short period of time. I am pleased to share with you the annual report for 2015-2016 to highlight the accomplishments of Sigma Kappa over the past year and our plans for continued success into the future. This was a year of historic growth for Sigma Kappa. We welcomed an amazing seven new collegiate chapters and nearly 1,000 women into our sisterhood. To support this growth, a record 17 Sigma Kappas served as leadership consultants to guide our new and current chapters down the path to success. Six new alumnae chapters were also established, making it easier for alumnae to remain connected to our organization and with members in their area. We continue to invest in the current and future leaders of Sigma Kappa with our regional leadership conferences (RLCs), now in their third year. In January 2016, all 11 executive council positions, as well as the social chairman and advisory board supervisor, received in-depth leadership development education and position-specific training at five regional conferences. One of the most significant changes to our organization was the unveiling of a new Sigma Kappa brand. This new brand, brought to life through the hard work of Sigma Kappa staff, volunteers and our creative partner, Pivot Design, brings the Sorority, Foundation and National Housing Corporation together under one unified set of visuals and messaging. This is the first time all three entities have shared one brand, and it serves to further our commitment to strengthening the organization as a whole through collaboration. I am very excited about the growth and development Sigma Kappa has experienced in the past year and continues to experience today. None of this would be possible without our dedicated volunteers, who make Sigma Kappa's success a priority in their lives every day. Thank you for your tireless work and commitment to our organization. This has been an exciting year for Sigma Kappa, and we can only expect more great things to come in the future. Loyally in Sigma Kappa, Sugar Pictured from left to right 2016-2018 National Council National VP for Communication National President Kellie Bray Sara Chacon National VP for Alumnae National VP for Collegiate Chapters Ann O'Connell Malana Salyer National VP for Finance National VP for Extension Rebecca Patel Meaghan Miller Thul National VP for Membership National VP for Programming Mary Ellen Elkins Carol Beth Ivory MIICIMIDEN 165,000 Total Sorority membership as of May 31, 2016 3.17 Overall 2015-2016 GPA WALK TO END Standards of Excellence ALZHEIMER'S alzheimer's a association® 48% LYRIC Percent of chapters achieving minimum standards or above in 2015 27 Total number of chapters receiving stars 5,974 Number of undergraduates pledged to SK Sigma Kappa in 2015-2016 5,637 Total women initiated into Sigma Kappa in 2015-2016 94% Initiation rate SHIP 2015-16 2014-15 2013-14 Collegiate chapters 122 116 113 Number of collegiate chapter members 16,437 15,907 14,309 Chapters reaching quota within the year* 90% 89% 86% Chapters achieving quota the same term* 81% 80% 94% Chapters at or above total** 75% 87% 83% 44% 2015-16 2014-15 2013-14 increase in Alumnae chapters 109 113 118 national alumnae dues revenue Average chapter size 9 16.4 15.4 due to additional touchpoints with Number of alumnae chapter members 1,848 1,837 1,977 members Under the direction of National Council, a small workgroup of alumnae members were brought together to evaluate and provide suggestions for the alumnae experience. The ideas and direction that the workgroup presented to national council were enthusiastically embraced and the concept of Connect, Enjoy, Learn and Give was introduced. In April 2016, the first event, #SKConnect, under new direction was held nationwide. Alumnae chapter officer modules were completed in collaboration with the programming team. These modules meet volunteers where they are at in their training. They can participate when they like and how often they need. Alumnae Dove Hub was piloted for alumnae chapters. This will create a platform for alumnae chapters to report, maintain chapter records, and update information. EXTENSION Fall 2015 1. University of Oregon The 2015-2016 academic year marked a year of Alpha Phi Chapter historic growth for Sigma Kappa. We grew from 2. University of Memphis coast to coast as we established seven new Beta Xi Chapter collegiate chapters and welcomed close to 1,000 3. University of Alabama at Birmingham undergraduate women into our membership. These Zeta Sigma Chapter women continue to build the foundation of our newest collegiatechapters. 4. College of Charleston Lambda Epsilon Chapter Throughout this remarkable year, we joined three 5. University of South Florida new campus communities, reestablished four Lambda Zeta Chapter dormant chapters, and have alumnae chapters in 6. Charleston - Lowcountry Western three new areas. New England Alumnae Chapter The spring semester also included marketing efforts Spring 2016 at The University of Tampa for our new chapter 7. Indiana University coming in September 2016. Tau Chapter Starting new chapters is an impressive feat, it would 8. American University not have been possible without the outstanding Lambda Eta Chapter support of local volunteers, national officers, nearby 9. Hickory Alumnae Chapter collegiate chapter members, the National Housing Corporation and our national headquarters staff. Thank Fall 2016 you to everyone who made this growth possible and 10. University of Tampa; continue to support our newest chapters and sisters. Tampa, Florida QUÉBEC CANADA DAKOTA 1 WYOMING UTAH 8 7 9 ATLANTIC OCEAN 2 6 3 4 RANDMENALLY United States NORTHWEST TERRITORIES CHIHUAHUA CANADA 10 MEXIC O COAHUILA Gulf 5 of PACIFIC OCEAN Mexico TRAVELING STAFF Two collegiate services specialists, two collegiate operations specialists, and 17 leadership consultants comprised the 2015-2016 traveling staff program. Traveling staff members were assigned chapters on the chapter advancement program (CAP), which entails working with a specific chapter (s) on an ongoing basis to provide additional support in all areas of collegiate management and recruitment. Eleven new chapters, five specialized chapters, eight focused chapters and two good-to- great chapters participated in CAP. With seven new chapters established in 2015- 2016, 87 percent of our collegiate chapters received at least one visit from a traveling staff member. Traveling staff made 349 chapter visits during the academic year. PROGRAMMING When a new suite of resources for collegiate officers was launched in 2014, it set the process in motion for an annual update of all collegiate officer resources. As a result, executive council officers and chairmen have completely revised handbooks, updated and new supplemental web-based resources, and updated online training courses annually. These training courses are hosted in Sigma Kappa's Interactive Learning Lab: SKILLab, providing additional training for our collegiate executive council officers. Modules are also available for national officers, chapters advisors and advisory board supervisors. In June 2015, Sigma Kappa held its first National Volunteer Development weekend (NVDW). The two day event was attended by national officers and advisory board supervisors in Dallas. The purpose of the event was to provide content to help develop skills that would assist the volunteers professionally and as a volunteer. It was a fun, upbeat weekend of sisterhood, skill development and team/district training. General session topics included: commanding the room, creating meaningful confidence, servant leadership, giving and receiving feedback and serving and supporting others. It was such a success staff is planning the 2017 weekend, details to come. In fall 2015, the Bidlily online recruitment management system began being used by all collegiate chapters. To assist chapters with the transition, several recruitment rating videos and resources were created and made available in Workshop Warehouse. The following is a list of new programming and recruitment workshops were posted on Workshop Warehouse. These new resources have been created to meet existing needs identified by our collegiate and alumnae chapters and volunteers. Balancing Friendship and Sisterhood Bead Who You Are Facilitating with Confidence Introduction to Bidlily Recruitment Management System Manage Your Money, Don't Let it Manage You Mastering the Leadership Loop Mentoring Matters Officer Transitions Roadmap for Chapter Success Stand Up For Your Sister Supporting Self-Care Utilizing Effective Committees What is Self-Governance Who Affects Our Success Promise for New Members The new Promise for New Members program successfully launched to all collegiate chapters in August 2015. This new program includes education and information meant to quickly integrate new members into their collegiate chapters while helping them grow as individuals. Each lesson of the Promise for New Members program includes an online learning module housed in SKILLab, Sigma Kappa's Interactive Learning Lab, a peer mentoring meeting with the Heart or Big Sister, and a large group meeting facilitated by the VPNME. Initiated Member Experience In the spring of 2015, a second workgroup was formed to review and update the Promise for Initiated Members program. The first pilot phase launched at convention 2016. In this first phase, 14 chapters will be facilitating five new chapter workshops that align with five competencies that have been developed for member education. These competencies are: Deeper & More Meaningful Relationships, Self- Awareness & Development, Holistic Personal Wellness, National & Global Citizenship, and Career Readiness. The workgroup anticipates launching the second phase of the pilot process in January 2017. In January 2016, Sigma Kappa Sorority hosted the Regional Leadership Donferences (RLCs) for the third time. Over 1,650 collegians, advisors, volunteers and facilitators were in attendance at the five events hosted. This leadership development program was expanded to provide personal development and training for all 11 collegiate executive council officers, as well as the advisory board supervisor and the social chairman. It has become an annually hosted program, taking place in the months of January and February each year. This change in timing for the RLCs has effectively replaced the Collegiate Officer's Academy (COA) moving forward. FINANCE The Sorority's financial position remains strong with our investment account balances reporting growth of 5.46% since inception. With the exception of royalty and convention income categories, revenue growth was reported in all categories for the fiscal year ending May 31, 2016. Convention revenues were lower year over year, due to the timing of Convention, which fell in the 2015 fiscal year rather the 2016 fiscal year. If Convention revenue is excluded, revenue is up year over year. Membership revenue, which includes both collegiate and alumnae dues, increased over $400,000 over the prior fiscal year, which was expected with seven new chapters. The organization also received a generous grant of $135,000 from the Sigma Kappa Foundation to assist with the funding of our RLC conferences, LC programs and other educational programming. As was expected with the additional new chapters, overall expenses primarily related to extension, collegiate management, and programming also increased. The organization further reported an increase in NPC expenses related to Sigma Kappa's NPC rotation. These expense increases coupled with slightly lower revenues resulted in the Sorority generating a slight net loss of $206,964 for the fiscal year ended May 31, 2016. The national organization continues to be focused on being fiscally responsible, budgeting conservatively and making prudent decisions regarding spending. The current NPC rotation was budgeted for beginning in 2008. In addition, the Sorority has reported several extremely financially successful years recently, which enabled the national organization to undertake the opening of seven new chapters in one year as well as allowed for the investment in new technology and programming in ways that will ensure Sigma Kappa's future growth. Expenses Collegiate $1,179,387 22.88% Management & General $1,576,023 - 30.58% Revenues RLC Interest & Dividends $775,809 - 15.05% $13,285 .27% Member Services $324,266 6.15% Education Grant $135,000 2.73% Jewelry Sales $475,578 9.61% Realized Gain ($52,552) (1.06%) Unrealized Gain ($5,866) (0.12%) Extension $280,435 5.44% Triangle $134,718 2.61% Alumnae $29,076 .56% NPC Convention & RLC $107,187 - 2.08% Jewelry Purchases $760,137 15.37% $252,004 4.89% National Organization Convention Dues, Membership & $789,288 15.32% $29,705 .58% Subscriptions $3,289,241 66.49% $300,000 Royalty Review $250,000 2015 $200,000 $272,631.00 2016 $244,736.00 $150,000 2014 $180,453.94 $100,000 2012 2013 $142,325.14 $149,566.60 Revenues & Expenses Revenues Dues, Membership & $3,289,241.00 66.49% Subscriptions Educational Grant $135,000.00 2.73% Interest & Dividend Income $13,258.00 0.27% Realized Gain ($52,552.00) -1.06% Unrealized Gain ($5,866.00) -0.12% Jewelry Sales $475,578.00 9.61% Convention & RLC $760,137.00 15.37% Increase in Member Services $331,872.00 6.71% Investments Total Revenues $4,946,668.00 100% $2,500,000 Expenses National Organization $789,288.00 15.32% Collegiate $1,179,387.00 22.88% $2,000,000 Jewelry Purchases $252,004.00 4.89% Extension $280,435.00 5.44% Alumnae $29,076 0.56% $1,500,000 Sigma Kappa Triangle $134,718.00 2.61% Convention $29,705.00 0.58% RLC $775,809.00 15.05% $1,000,000 NPC $107,187.00 2.08% Management & General $1,576,023.00 30.58% Total Expenses $5,153,632.00 100% $500,000 2012 Net Income (Loss) ($206,964.00) 2016 Net Jewelry Sales 2016 2014 $223,574.00 2015 $198,477.22 2013 $187,767.66 2012 $168,464.72 $151,074.29 FOUNDATION $224,000 granted to Sorority & Members Sigma Kappa Foundation awarded $105,000 to fund training for the leadership consultants who visit chapters to teach, train, educate and inspire collegiate members. $89,000 awarded as academic and educational leadership scholarships to members. A $20,000 grant provided to support the RLCs. $10,000 granted to pilot a cutting-edge sexual assault awareness program. Alzheimer's Challenge Success We presented the Alzheimer's Association with the $1 million lead gift for the Women's Alzheimer's Research Initiative at Sigma Kappa's 87th national convention held in Chicago. This commitment places Sigma Kappa among some of the largest private donors to SIGMA KAPPA Live with Heart July7,2016 Alzheimer's research. Sigma Kappa was able to reach the goal early the Order of Alzheimer's Association due to the generous $500,000 matching gift from Foundation Trustee 1,000,000.00 One Million and Carolyn Caudell Tieger, Epsilon Epsilon, University of Georgia. mens Research Beswork First-Ever Capital Campaign We announced a five-year, $5 million campaign, Shared Hearts. New Heights. A Campaign for Sigma Kappa. This campaign has three fundraising priorities: leadership, scholarships and philanthropy. The purpose of the campaign is to build on our history of bringing women together to make a difference and further position Sigma Kappa as a leader among sororities. We believe this investment will transform the lives of both our alumnae and collegiate members and deepen Sigma Kappa's positive impact on society. Foundation Net Assets $5,000,000 $4,000,000 2016 $4,564,517 2006 $3,000,000 2014 $2,145,813 o $3,813,939 2012 $2,000,000 2010 2008 $3,195,301 $2,703,626 $2,675,426 2015-16Key Accomplishments Zeta Omicron, 31: Members of the NHC The University of Arizona NHC team including eight employees, seven members of the board of directors, and 16 coordinators HOMES $8.1 million: Total current NHC loans to local house The NHC established its Housing Operations, Management, corporations and Employee Services (HOMES) program in 2015 to provide $7.7 million: Paid to vendors comprehensive governance, operations, and property for housing-related expenses management; financial services; and employer status/ on behalf of participating employee supervision to NHC participating corporations. corporations and chapters $9.1 million: Revenue The benefits of the program include NHC staff processed for housing fees management of: from collegiate members of operations and property management participating corporations annual budget preparation and fee establishment and chapters financial services: accounts receivable, accounts 36 participating local house payable, collections, payroll, financial reporting corporations housing and furnishing improvement projects 64 participating chapters employee supervision and vendor relations that are in university housing or that do not currently have There are currently seven corporations in the HOMES housing and are saving for program and four more plan to participate in 2017. that possibility Loans and Wealth Management Beta Tau, University of Florida Founded with the vision to enrich the collegiate experience, the NHC provides financing and loan guarantees that makes it possible for participating house corporations and decorating committees to undertake projects that improve the safety and competitiveness of their chapter houses. During the 2015-16 fiscal year, the NHC board of directors granted more than $1 million in loans for property upgrades, maintenance projects, and redesigning spaces. It was the foresight of our founding leaders who established the NHC with the Sigma Kappa endowment fund that has allowed the NHC board of directors to oversee and grow the wealth of the fund. Today, the NHC holds more than $38 million in investments and property. The robust investment portfolio affords the NHC the opportunity to provide financing for new construction, major and minor renovation, design, décor, furnishings, appliances, equipment, and project management.