Sigma Alpha Epsilon Fraternity
- Assets
- $4.7m
- Revenue
- $767.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, IN
- Founding
- 01/1950
- Data as of
- 06/2021
- EIN
- 35-0868511
Organization Overview
Sigma Alpha Epsilon Fraternity is located in Lafayette, IN. The organization was established in 1950. 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 Epsilon Fraternity 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, Sigma Alpha Epsilon Fraternity generated $767.1k 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 (4.4%) each year. All expenses for the organization totaled $940.5k during the year ending 06/2021. 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
PROVIDE COLLEGE STUDENT HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FURNISHED COLLEGE STUDENT HOUSING FOR THE UNDERGRADUATE MEMBERS OF INDIANA BETA CHAPTER OF SIGMA ALPHA EPSILON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Foster Treasurer | Officer | $0 | |
Luke Hoeppel Secretary | Officer | $0 | |
Wayne Mcintyre President | Officer | $0 | |
Vincenzo Mazur Pres - Chapt | Officer | $0 | |
Evan Lynch VP - Chapter | Officer | $0 | |
Robert Parrin Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,687 |
| Total Program Service Revenue | $672,325 |
| Investment income | $43 |
| 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 | $767,055 |
| 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 | $51,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,763 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,169 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,563 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $205,842 |
| Insurance | $16,304 |
| All other expenses | $42,162 |
| Total functional expenses | $940,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $247,360 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,944 |
| 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 | $7,269 |
| Net Land, buildings, and equipment | $4,437,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,737,618 |
| Accounts payable and accrued expenses | $3,572 |
| Grants payable | $0 |
| Deferred revenue | $22,798 |
| 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 | $2,518,720 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,175 |
| Total liabilities | $2,766,265 |
| Net assets without donor restrictions | $1,971,353 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,737,618 |
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|---|---|---|
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