Sigma Phi Epsilon Fraternity Inc
- Assets
- $808.6k
- Revenue
- $108.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Kingston, RI
- Founding
- 01/1941
- Data as of
- 06/2019
- EIN
- 05-0345139
Organization Overview
Sigma Phi Epsilon Fraternity Inc is located in Kingston, RI. The organization was established in 1941. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2019, Sigma Phi Epsilon Fraternity Inc employed 2 individuals. Sigma Phi Epsilon Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2019, Sigma Phi Epsilon Fraternity Inc generated $108.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.1%) each year. All expenses for the organization totaled $3.3k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (69.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
LEASE OF PREMISES TO DELTA PHI EPSILON FOR THE PROVISION OF HOUSING TO ITS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASE OF PREMISES TO DELTA PHI EPSILON FOR THE PROVISION OF HOUSING TO ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Tanner Treasurer | OfficerTrustee | $0 | |
Jordan Albernaz VP Of Housin | OfficerTrustee | $0 | |
Leanne Rutter Secretary | OfficerTrustee | $0 | |
Charles Wesley President | OfficerTrustee | $0 | |
Michael Giacalone Chapter Coun | Trustee | $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 | $5,017 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,060 |
| 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 | $108,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,079 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,332 |
| Net Land, buildings, and equipment | $284,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $808,647 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,000 |
| Total liabilities | $25,000 |
| Unrestricted restricted net Assets | $783,647 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $783,647 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Pi Lambda Phi Fraternity Inc Greenwich, CT | $1,029,582 | $859,864 |
Alpha Epsilon Phi Sorority Inc Danbury, CT | $1,675,626 | $935,849 |
Zeta Phi Chapter House Corp Of Alpha Phi Intrnatl Frat Inc Boston, MA | $2,973,626 | $954,161 |
Alpha Beta Corporation Wakefield, RI | $2,169,290 | $616,339 |
Gloucester Fraternity Club Inc Gloucester, MA | $235,437 | $548,233 |
Alpha Xi Delta Fraternity Andover, MA | $1,559,777 | $597,956 |
Chi Phi Fraternity Inc Newton Lower Falls, MA | $1,444,737 | $751,896 |
Delta Upsilon International Fraternity Inc Concord, MA | $79,906 | $305,305 |
Kappa Kappa Gamma Fraternity Inc Hingham, MA | $1,106,657 | $455,653 |
Sigma Pi Fraternity International Inc Worcester, MA | $176,273 | $405,953 |
Alpha-Omega Charitable Foundation Inc Greenwich, CT | $5,206,746 | $540,391 |