Sigma Phi Epsion Alumni Corp Maine Chapter
- Assets
- $802.1k
- Revenue
- $106.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Orono, ME
- Founding
- 01/1941
- Data as of
- 09/2022
- EIN
- 23-7277292
Organization Overview
Sigma Phi Epsion Alumni Corp Maine Chapter is located in Orono, ME. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Phi Epsion Alumni Corp Maine Chapter is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 09/2022, Sigma Phi Epsion Alumni Corp Maine Chapter generated $106.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $168.5k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE HOLDING THE CHAPTER HOUSE FOR SIGMA PHI EPSILON AT THE UNIVERSITY OF MAINE AT ORONO THERE ARE TYPICALLY OVER 50 ENROLLED STUDENTS THAT BENEFIT ANNUALLY FROM THIS HOUSINGADDITIONALLY WE PROVIDE SCHOLORSHIPS BASED ON ACADEMIC ACHIEVMENT AND OTHER WORTHINESS CRITERIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OCCUPANCY OVERHEAD AND SHELTER TO FRATERNITY BROTHERS
PROVIDE PROGRAMMING, ADMINISTRATIVE AND RELATED ACTIVITIES TO THE BROTHERS
PROVIDE SCHOLARHIPS TO FRATERNITY BROTHERS
PROVIDE COOKING FUEL FOR FRATERNITY BROTHER MEALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luke Finnemore Vice President | Officer | 1 | $0 |
Alec Young President | Officer | 6 | $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 | $106,533 |
| Investment income | $26 |
| 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 | $106,559 |
| 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 | $2,000 |
| 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 | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,597 |
| Advertising and promotion | $0 |
| Office expenses | $839 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,475 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,878 |
| Savings and temporary cash investments | $546,362 |
| 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 | $222,900 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,140 |
| 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 | $802,140 |
| Total liabilities and net assets/fund balances | $802,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Sigma House Corporation Of Kappa Delta Dover, NH | $1,058,765 | $551,179 |
Theta Delta Chi Inc Hanover, NH | $2,053,855 | $359,096 |
Psi Upsilon Fraternity Hanover, NH | $20,078 | $233,801 |
Sigma Phi Epsion Alumni Corp Maine Chapter Orono, ME | $802,140 | $106,559 |
Beta Theta Pi Fraternity Orono, ME | $2,000 | $0 |
Sigma Phi Epsilon New Hampshire Alpha Hanover, NH | $83,478 | $156,546 |
The Alpha Omega Chapter Of Beta Theta Pi Fraternity Hanover, NH | $2,571,475 | $228,246 |
Chi Omega Fraternity Durham, NH | $55,154 | $0 |
Kevin T Mchugh Memorial Scholarship Fund Inc Manchester, NH | $0 | $0 |
Tau Corporation Of Hanover N H Hanover, NH | $418,332 | $0 |
Alpha Delta Alumni Corporation Exeter, NH | $483,729 | $88,061 |
Kappa Delta Phi National Affiliated Sorority Inc Hollis, ME | $269,762 | $0 |