Sigma Alpha Epsilon Fraternity
- Assets
- $90.6k
- Revenue
- $424.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/1940
- Data as of
- 06/2022
- EIN
- 41-0538591
Organization Overview
Sigma Alpha Epsilon Fraternity is located in Minneapolis, MN. The organization was established in 1940. 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 06/2022, Sigma Alpha Epsilon Fraternity generated $424.3k 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 (9.0%) each year. All expenses for the organization totaled $421.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL CLUB PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES, AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP CONSISTED OF MALE UNDERGRADUATE STUDENTS ATTENDING THE UNIVERSITY OF MINNESOTA HOUSING IS PROVIDED FOR UP TO 42 MEMBERS OF THE FRATERNITY A FULL TIME CHEF PROVIDES MEALS FOR ALL MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Chouinard Alumni Relations | Officer | 2 | $0 |
Brian Dini Treasurer | Officer | 8 | $0 |
Andrew Samrock Vice-President | Officer | 5 | $0 |
Ryan Traviolia Risk Manager | Officer | 5 | $0 |
Henry Madison Recorder | Officer | 2 | $0 |
Nickolas Wog New Member Educator | Officer | 4 | $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 | $420,275 |
| Investment income | $982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,971 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $424,308 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,120 |
| 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 | $6,817 |
| 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 | $821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,829 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,560 |
| Interest | $0 |
| Payments to affiliates | $7,392 |
| Depreciation, depletion, and amortization | $304 |
| Insurance | $18,571 |
| All other expenses | $0 |
| Total functional expenses | $421,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,876 |
| Savings and temporary cash investments | $33,016 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Land, buildings, and equipment | $1,455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,159 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $90,573 |
| Accounts payable and accrued expenses | $1,436 |
| 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 | $49,000 |
| Total liabilities | $50,436 |
| 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 | $40,137 |
| Total liabilities and net assets/fund balances | $90,573 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Chi Omega Fraternity Minneapolis, MN | $163,494 | $592,068 |
Alpha Gamma Delta Fraternity Ames, IA | $145,177 | $560,203 |
Sigma Chi Fraternity Minneapolis, MN | $88,169 | $515,786 |
Gamma Phi Beta Sorority Inc Ames, IA | $64,627 | $581,753 |
Pi Sigma Epsilon Inc Milwaukee, WI | $511,121 | $648,587 |
Sigma Nu Fraternity Beta Mu Chapter Iowa City, IA | $52,489 | $439,030 |
Gamma Phi Beta Sorority Inc Iowa City, IA | $451,815 | $470,283 |