Sigma Alpha Epsilon Fraternity
- Assets
- $676.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Austin, TX
- Founding
- 12/1940
- Data as of
- 07/2021
- EIN
- 74-1130611
Organization Overview
Sigma Alpha Epsilon Fraternity is located in Austin, TX. 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. As of 07/2021, Sigma Alpha Epsilon Fraternity employed 11 individuals. 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 07/2021, Sigma Alpha Epsilon Fraternity generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.3m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OUR MEMBERS AND HELP FULFILL THEIR EDUCATIONAL ASPIRATIONS AND GOALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL & FELLOWSHIP ACTIVITIES FOR ALL 210 MEMBERS, INCLUDING WEEKLY CHAPTER MEETINGS DURING THE SCHOOL YEAR AND APPROXIMATELY TWO TO THREE SOCIAL GATHERINGS PER MONTH
PROVIDE FOOD SERVICE FOR ALL 210 MEMBERS THAT INCLUDES FIVE LUNCHES AND FOUR DINNERS PER WEEK
PROVIDE ROOM ACCOMODATIONS FOR 35 MEMBERS PER YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walt Gober President | OfficerTrustee | 5 | $0 |
Jackson Williams Treasurer | OfficerTrustee | 5 | $0 |
Hunter Hernandez House Manager | OfficerTrustee | 5 | $0 |
Dillon Powell Vice President | OfficerTrustee | 5 | $0 |
Jack Panus Vice President | OfficerTrustee | 5 | $0 |
Smith Essman New Member Educator | OfficerTrustee | 5 | $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 | $1,200,207 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,403 |
| 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 | $1,319,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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 | $291,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,788 |
| Fees for services: Accounting | $8,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,093 |
| Advertising and promotion | $0 |
| Office expenses | $12,946 |
| Information technology | $28,462 |
| Royalties | $0 |
| Occupancy | $242,594 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $456,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $73,535 |
| All other expenses | $42 |
| Total functional expenses | $1,317,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,836 |
| Savings and temporary cash investments | $73,481 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,135 |
| 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 | $676,452 |
| Accounts payable and accrued expenses | $102,338 |
| Grants payable | $0 |
| Deferred revenue | $212,600 |
| 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 | $314,938 |
| 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 | $361,514 |
| Total liabilities and net assets/fund balances | $676,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Alpha Epsilon Fraternity has recieved totaling $9,513.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: ANNUAL DISTRIBUTION FOR THE EDUCATIONAL FUND FOR MEMBERS OF THE UT-AUSTIN CHAPTER ONLY | $9,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta National House Corporation Dallas, TX | $74,724,969 | $16,270,605 |
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |