Sigma Alpha Epsilon Fraternity
- Assets
- $424.8k
- Revenue
- $408.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 72-0551376
Organization Overview
Sigma Alpha Epsilon Fraternity is located in Baton Rouge, LA. The organization was established in 1968. 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 12/2021, Sigma Alpha Epsilon Fraternity generated $408.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $318.5k during the year ending 12/2021. While expenses have increased by 31.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE HIGHEST LEVEL OF FRIENDSHIP, SCHOLARSHIP, SERVICE AND CHARACTER FOR OUR MEMBERS BASED UPON IDEALS SET FORTH BY OUR FOUNDERS AND AS SPECIFICALLY ENUNCIATED IN OUR CREED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP - WE PROMOTE A LEARNING ENVIRONMENT AND PROVIDE A ROOM IN THE HOUSE FOR A STUDY AREA. WE HELP EACH OTHER SCHOLASTICALLY BY STUDYING TOGETHER FOR TESTS AND WORKING WITH OUR FACULTY ADVISOR. WE PROMOTE STRONG ACADEMICS AND STRIVE TO MAKE EACH MEMBER A GOOD STUDENT.
BROTHERHOOD - OUR RANGE OF SOCIAL EVENTS STRETCHES FROM BASKETBALL TOURNAMENTS TO MIXERS WITH SORORITIES. WE STRIVE TO BECOME BEST FRIENDS WITH EVERYONE IN THE FRATERNITY AND TO FORM LIFE LONG FRIENDSHIPS. OUR ORGANIZATION HELPS MOLD COLLEGE AGE MEN INTO ADULTS AND PREPARE THEM FOR LIFE AFTER COLLEGE.
COMMUNITY SERVICE - OUR MAIN BENEFICIARY TO OUR SERVICE EVENTS IS THE CHILDRENS MIRACLE NETWORK WHICH PROVIDES MEDICAL EQUIPMENT AND TREATMENT TO CHILDREN WHOSE FAMILIES CANNOT AFFORD THE HELP THAT IS NEEDED. WE ALSO HELPED IN A HABITAT FOR HUMANITY BUILD WHERE WE HELPED TWO LOCAL FAMILIES BY BUILDING EACH A HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ritchie Goebel Vice President | Officer | 0 | $0 |
J Robert Johnston Treasurer | Officer | 0 | $0 |
Stephen Garcia President | Officer | 0 | $0 |
Robert K Denny Secretary | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $396,296 |
| Fundraising events | $1,647 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,093 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $408,093 |
| 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 | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219 |
| 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 | $318,277 |
| Total functional expenses | $318,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,222 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $415,593 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $424,815 |
| 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 | $138,371 |
| Total liabilities | $138,371 |
| 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 | $286,444 |
| Total liabilities and net assets/fund balances | $424,815 |
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