Sigma Alpha Epsilon Foundation
- Assets
- $23.2m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 01/1930
- Data as of
- 06/2021
- EIN
- 36-2170145
Organization Overview
Sigma Alpha Epsilon Foundation is located in Evanston, IL. The organization was established in 1930. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Alpha Epsilon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Sigma Alpha Epsilon Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sigma Alpha Epsilon Foundation has awarded 60 individual grants totaling $7,244,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ITS MEMBERS AND THEIR CHAPTERS TO HELP FULFILL THEIR EDUCATIONAL ASPIRATIONS AND GOALS; TO PROMOTE PROGRAMS TEACHING LEADERSHIP,SCHOLARSHIP, AND PERSONAL DEVELOPMENT; AND TO ENSURE THE PRESEVATION OF LEVERE MEMORIAL TEMPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS USED TO AID FRATERNITY CHAPTERS IN MAINTAINING THE SCHOLARSHIP AND EDUCATIONAL PORTIONS OF THEIR HOUSES.
FUNDS USED TO SUPPORT THE OPERATION AND PRESERVATION OF THE LEVERE MEMORIAL TEMPLE.
FINANCIAL AID PROVIDED FOR SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO SIGMA ALPHA EPSILON COLLEGIATES.
MANAGEMENT FEE AND OTHER MISCELLANEOUS EXPENSES TO SUPPORT PROGRAM ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hancock CEO | Officer | 2 | $0 |
Dan Stanczak Sr Director | Officer | 14 | $0 |
Steve Mitchell CEO | Officer | 40 | $0 |
Debashis Chowdhury Trustee | Trustee | 2 | $0 |
Tom Lamantia Trustee | Trustee | 2 | $0 |
Fred Kleisner Trustee | Trustee | 2 | $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 | $2,745,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,745,576 |
| Total Program Service Revenue | $150,000 |
| Investment income | $370,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,756,503 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,022,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,672,340 |
| Grants and other assistance to domestic individuals. | $208,304 |
| 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 | $526,400 |
| Fees for services: Legal | $13,330 |
| Fees for services: Accounting | $28,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,336 |
| Fees for services: Other | $213,075 |
| Advertising and promotion | $0 |
| Office expenses | $148,906 |
| Information technology | $19,950 |
| Royalties | $0 |
| Occupancy | $140,722 |
| Travel | $17,783 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,150 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,453 |
| Insurance | $111,736 |
| All other expenses | $1,400 |
| Total functional expenses | $3,338,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,042,985 |
| Pledges and grants receivable | $12,900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,629 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,043 |
| Net Land, buildings, and equipment | $1,905,199 |
| Investments—publicly traded securities | $20,189,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,237,112 |
| Accounts payable and accrued expenses | $277,985 |
| 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 | $147,337 |
| Total liabilities | $425,322 |
| Net assets without donor restrictions | $2,225,299 |
| Net assets with donor restrictions | $20,586,491 |
| 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 | $23,237,112 |
Grants Awarded
Over the last fiscal year, Sigma Alpha Epsilon Foundation has awarded $1,672,340 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Starkville, MS PURPOSE: HOUSE LIBRARY GRANT | $1,292,625 |
Evanston, IL PURPOSE: EDUCATION GRANT | $150,000 |
Sioux Falls, SD PURPOSE: HOUSE LIBRARY GRANT | $51,462 |
Stillwater, OK PURPOSE: HOUSE LIBRARY GRANT | $50,000 |
MICHIGAN GAMMA HOUSING LLC PURPOSE: HOUSE LIBRARY GRANT | $43,773 |
Des Moines, IA PURPOSE: HOUSE LIBRARY GRANT | $39,863 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Alpha Epsilon Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Gerling Family Foundation Inc Evansville, IN PURPOSE: GENERAL OPERATING EXPENSE | $1,000 |
Endowment Analysis
| Beg. Balance | $16,954,727 |
| Earnings | $4,787,575 |
| Net Contributions | $1,810,500 |
| Grants | $2,966,311 |
| Ending Balance | $20,586,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ivy Tech Foundation Inc Indianapolis, IN | $133,152,328 | $30,082,278 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |