Sigma Alpha Epsilon Fraternity
- Assets
- $28.0k
- Revenue
- $71.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, NY
- Founding
- 10/1968
- Data as of
- 06/2021
- EIN
- 14-1343303
Organization Overview
Sigma Alpha Epsilon Fraternity, operating under the name College Fraternity & Student Housing, is located in Troy, NY. The organization was established in 1968. 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. College Fraternity & Student Housing is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, College Fraternity & Student Housing generated $71.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $89.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK EPSILON CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY IS A LOCAL UNDERGRADUATE CHAPTER AT RENSSELAER POLYTECHNIC INSTITUTE THAT IS ORGANIZED TO FULFILL THE NATIONAL ORGANIZATION MISSION TO PROMOTE THE HIGHEST STANDARDS OF FRIENDSHIP, SCHOLARSHIP, AND SERVICE FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PART IX, LINE 16 - THE OCCUPANCY EXPENSE INCLUDES COSTS ASSOCIATED WITH PROVIDING STUDENT HOUSING FOR THE MEMBERS LIVING IN THE CHAPTER HOUSE AND MAINTENANCE OF THE FACILITY FOR GENERAL USE OF THE ENTIRE FRATERNITY MEMBERSHIP
PART IX, LINE 24A - THE KITCHEN OPERATIONS EXPENSE INCLUDES COSTS ASSOCIATED WITH PROVIDING FOOD FOR THE MEMBERS LIVING IN THE CHAPTER HOUSE AND FOR SOME GENERAL SERVICE TO THE ENTIRE DUES PAYING FRATERNITY MEMBERSHIP
PART IX, LINE 24B - THE CHAPTER OPERATIONS EXPENSE INCLUDES COSTS ASSOCIATED WITH PROVIDING THE GENERAL PROGRAM SERVICES ASSOCIATED WITH RUNNING THE UNDERGRADUATE FRATERNITY CHAPTER, INCLUDING RUSH/RECRUITMENT, SOCIAL, LOCAL AND NATIONAL DUES, AND OTHER DERIVED BENEFITS
SEE SCHEDULE O PART III, LINE 4D - OTHER PROGRAM SERVICES INCLUDE EXPENSES FOR OFFICE, IT, LIABILITY INSURANCE, CONFERENCE/CONVENTION REGISTRATION PART III, LINE 4E - TOTAL PROGRAM EXPENSE REPORTED IS TOTAL EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liam Tracey President | Officer | 10 | $0 |
Max Kestenbaum Treasurer | Officer | 5 | $0 |
Thomas Ranney Steward | Officer | 10 | $0 |
Anthony Mcgrann House Manager | Officer | 10 | $0 |
Austin Borina Rush Chairman | Officer | 5 | $0 |
Steve Wood Alumnus Chapter Advisor | Officer | 5 | $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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $70,227 |
| Investment income | $2 |
| 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 | $71,229 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,634 |
| Information technology | $765 |
| Royalties | $0 |
| Occupancy | $51,949 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,951 |
| All other expenses | $0 |
| Total functional expenses | $89,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,501 |
| Savings and temporary cash investments | $8,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,952 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $27,952 |
| Total liabilities and net assets/fund balances | $27,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |
Pi Lambda Phi Fraternity Inc Greenwich, CT | $1,029,582 | $859,864 |