Sigma Phi Epsilon Educational Foundation
- Assets
- $43.6m
- Revenue
- $18.9m
- Investments
- $5.7m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 03/1962
- Data as of
- 06/2022
- EIN
- 54-6053821
Organization Overview
Sigma Phi Epsilon Educational Foundation is located in Richmond, VA. The organization was established in 1962. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Epsilon Educational 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 06/2022, Sigma Phi Epsilon Educational Foundation generated $18.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sigma Phi Epsilon Educational Foundation has awarded 21 individual grants totaling $8,954,598. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION ADVANCES THE MISSION OF THE HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS AND GRANTS THAT SUPPORT HEALTHY LIVING ENVIRONMENTS AND PROGRAMS FOCUSED ON THE ACADEMIC AND MORAL DEVELOPMENT OF UNDERGRADUATE MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE THE MISSION OF SIGMA PHI EPSILON FRATERNITY OF "BUILDING BALANCED MEN" BY PROVIDING GRANTS TO SIG EP LEAD FUND TO FUND THE FOLLOWING PROGRAMS:PROGRAMS AND EVENT STAFFINGCARLSON LEADERSHIP ACADEMIES: FOR BROTHERS WHO HAVE SHOWN A DESIRE TO LEAD THEIR CHAPTER, CARLSON OFFERS TRAINING IN LEADERSHIP TECHNIQUES, PROBLEM-SOLVING AS A TEAM, GOAL-SETTING AND EXECUTION. THE ACADEMY IS FACILITATED BY ALUMNI WITH YEARS OF SIGEP INVOLVEMEN AND SENIOR LEADERSHIP EXPERIENCE. CHAPTER LEADERS LEAVE WITH INCREASED KNOWLEDGE AND CONFIDENCE IN THEIR ABILITY TO CREATE A POSITIVE ENVIRONMENT FOR THEIR BROTHERS TO GROW.RUCK LEADERSHIP INSTITUTE: AN INTENSE 5-DAY EVENT FOR THE FRATERNITY'S TOP RISING LEADERS. CURRICULUM IS BASED ON THE LEADERSHIP CHALLENGE AND FOCUSES ON TEACHING THE FEW TO IMPACT THE MANY THAT WILL FOLLOW THEM.TRAGOS QUEST TO GREECE SCHOLARS: TRAGOS QUEST TO GREECE: AN INTERNATIONAL EXPERIENCE TO DISCOVER THE BIRTHPLACE OF WESTERN CIVILIZATION AND SOUND MIND AND BODY.LIFE AFTER COLLEGE: LIFE AFTER COLLEGE ENGAGES INDUSTRY-LEADING PROFESSIONALS TO PREPARE UNDERGRADUATES FOR THEIR FUTURE CAREERS. GOING BEYOND A TYPICAL CAMPUS CAREER CENTER, BROTHERS RECEIVE CRUCIAL SKILLS TRAINING AND AN UNDERSTANDING OF HOW TO TRANSLATE THEIR SIGEP INVOLVEMENT TO THE PROFESSIONAL WORLD. ATTENDESS RECEIVE ONE-ON-ONE CAREER COACHING AS WELL AS EDUCATION ON TOPICS LIKE FINANIAL RESPONSIBILITY, INTERVIEW SKILLS, RESUME BUILDING AND PERSONAL GOALS.
CHAPTER RESTRICTED & ENDOWED SCHOLARSHIPS - SCHOLARSHIP AWARDS FOR TUITION, BOOKS AND ROOM AND BOARD TO STUDENTS AT CAMPUSES NATIONWIDE, BASED ON ACADEMIC ACHIEVEMENT, CHAPTER LEADERSHIP, CAMPUS AND COMMUNITY SERVICE, AND FINANCIAL NEED. SCHOLARSHIP AWARDS MADE FROM ENDOWMENTS ESTABLISHED FOR A SPECIFIC PURPOSE ARE MADE TO STUDENTS NATIONWIDE FOR TUITION, BOOKS AND ROOM AND BOARD AWARDS.
RESIDENTIAL LEARNING COMMUNITY GRANTS - GRANTS MADE FOR CHAPTER HOUSING THAT EXPANDS FACULTY CONNECTION AND IMPLEMENTS NEW INITIATIVES TO CREATE A LEARNING ENVIRONMENT WHERE STUDENTS ARE SURROUNDED BY RESPONSIBLE PEERS AND UNIVERSITY FACULTY WHO ARE COMMITTED TO HELPING THEM SUCCEED INSIDE AND OUTSIDE THE CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard W Bennett III President | OfficerTrustee | 1 | $0 |
Grant Buttram Secretary | OfficerTrustee | 1 | $0 |
Matthieu Duncan Treasurer | OfficerTrustee | 1 | $0 |
Tom Allardyce Trustee | Trustee | 1 | $0 |
Christopher Bittman Trustee | Trustee | 1 | $0 |
Garry C Kief Trustee | Trustee | 1 | $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 | $18,837,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,837,542 |
| Total Program Service Revenue | $0 |
| Investment income | $32,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,880,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,102,752 |
| Grants and other assistance to domestic individuals. | $584,488 |
| 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 | $28,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $243,729 |
| Fees for services: Other | $22,574 |
| Advertising and promotion | $0 |
| Office expenses | $1,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,019 |
| 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 | $46,371 |
| Insurance | $751 |
| All other expenses | $15,328 |
| Total functional expenses | $2,446,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,421,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $345,553 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,225 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,842 |
| Net Land, buildings, and equipment | $830,848 |
| Investments—publicly traded securities | $33,717,147 |
| Investments—other securities | $5,726,783 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,680 |
| Total assets | $43,580,901 |
| Accounts payable and accrued expenses | $292,980 |
| 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 | $292,980 |
| Net assets without donor restrictions | $3,166,098 |
| Net assets with donor restrictions | $40,121,823 |
| 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 | $43,580,901 |
Grants Awarded
Over the last fiscal year, Sigma Phi Epsilon Educational Foundation has awarded $1,309,321 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, VA PURPOSE: PROGRAMS | $1,102,752 |
Richmond, VA PURPOSE: PROGRAMS | $206,569 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sigma Phi Epsilon Educational Foundation has recieved totaling $66,235.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $38,914 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,950 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,371 |
Endowment Analysis
| Beg. Balance | $14,733,835 |
| Earnings | -$3,160,149 |
| Net Contributions | $15,591,266 |
| Grants | $587,893 |
| Ending Balance | $26,577,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |