Sigma Alpha Epislon Fraternity

Organization Overview

Sigma Alpha Epislon Fraternity is located in Lincoln, RI. The organization was established in 2002. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Alpha Epislon Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 07/2024, Sigma Alpha Epislon Fraternity generated $36.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE FRATERNITY CAMARADERIE, SOCIAL AND RECREATIONAL ACTIVITIES AMOUNG ALUMNI AND UNDERGRADUATE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE HAVE RE-ESTABLISHED THE SIGMA ALPHA EPSILON FRATERNITY AT THE UNIVERSITY OF RHODE ISLAND AND WERE IN THE PROCESS OF BULIDING A NEW CHAPTER HOUSE ON CAMPUS. HOWEVER, DUE TO UNFORSEEN CIRCUMSTANCES DURING THE IMPLEMENTATION OF THE PROJECT, THAT VERSION OF THE PLAN HAS BEEN TERMINATED. THE ORGANIZATION IS THE PROCESS OF REEVALUATING ITS OPTIONS TO HOW BEST MOVE FORWARD.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey S Mcguire
President
$0
Ian Gannon
Vice President
$0
David Comerford
Secretary
$0
Ken Iavarone
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $36,617
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $36,617

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