Sae Alumni House Management Association
- Assets
- $628.9k
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 09/1942
- Data as of
- 06/2022
- EIN
- 91-6063112
Organization Overview
Sae Alumni House Management Association is located in Seattle, WA. The organization was established in 1942. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Sae Alumni House Management Association is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Sae Alumni House Management Association generated $253.3k 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 (6.1%) each year. All expenses for the organization totaled $332.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) 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
TO PROVIDE AND MAINTAIN HOUSING FACILITY AND FOOD SERVICES FOR ACTIVE FRATERNAL CHAPTER WITH APPROXIMATELY 70-100 UNIVERSITY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND MAINTAIN HOUSING FACILITY AND FOOD SERVICE FOR ACTIVE FRATERNAL CHAPTER WITH APPROXIMATELY 70-100 UNIVERSITY STUDENT MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Olson President | OfficerTrustee | 3 | $0 |
Brett Frank-Looney Vice President | OfficerTrustee | 2 | $0 |
Brent Van Fossen Treasurer | OfficerTrustee | 8 | $0 |
Robert Edgmon COO | Officer | 3 | $0 |
Rick Keating Director | Trustee | 1 | $0 |
Dustin Werran Director | Trustee | 0 | $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 | $31,188 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,188 |
| Total Program Service Revenue | $222,097 |
| Investment income | $10 |
| 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 | $253,295 |
| 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 | $30,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,615 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,071 |
| Insurance | $33,789 |
| All other expenses | $12,012 |
| Total functional expenses | $332,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,639 |
| Savings and temporary cash investments | $823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $557,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,385 |
| Other assets | $3,667 |
| Total assets | $628,909 |
| Accounts payable and accrued expenses | $300 |
| 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 | $731,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,200 |
| Total liabilities | $734,006 |
| Net assets without donor restrictions | -$105,097 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $628,909 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon State University Alumni Association Inc O S U Corvallis, OR | $18,895,220 | $6,031,432 |
University Of Washington Alumni Association Seattle, WA | $25,037,147 | $2,885,363 |
Washington State University Alumni Association Pullman, WA | $15,982,988 | $2,687,677 |
Portland State University Alumni Association Portland, OR | $0 | $742,849 |
Alumni Association Of The University Of Oregon Eugene, OR | $21,027,924 | $2,555,814 |
Pi Omega Alumnae Corp Coeur dAlene, ID | $550,312 | $520,869 |
Southeast Seattle Education Coalition Seattle, WA | $307,392 | $523,917 |
West High Alumni Association Anchorage, AK | $314,563 | $363,947 |
Pi Kappa Phi Alumni Association Portland, OR | $1,199,956 | $425,524 |
Beta Omega Alumnae Association Eugene, OR | $536,343 | $384,715 |
Oregon Alpha Alumni Association Sigma Phi Epsilon Renton, WA | $1,920,771 | $283,073 |
Sae Alumni House Management Association Seattle, WA | $628,909 | $253,295 |