Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,097,834

• 2a · Program service revenue: Rental Income -SAE Fraternity

  total $80,000 · related or exempt $80,000

• 2b · Program service revenue: Rental Income - SAE F&H

  total $6,000 · related or exempt $6,000

• 3 · Investment income

  total $953,665 · excluded $953,665

• 7a · Gross sales of assets other than inventory

  securities $3,320,392

• 7b · Less cost or other basis and sales expenses

  securities $2,855,306

• 7c · Gain or loss

  securities $465,086

• 7d · Net gain or loss

  total $465,086 · related or exempt $465,086

• 11a · Other revenue: Other Income

  total $52,248 · related or exempt $52,248

• 11b · Other revenue: Additional Income

  total $1,750 · related or exempt $1,750

• 11e · Other revenue, total

  $53,998

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $750,974 · program services $750,974

• 2 · Grants to domestic individuals

  total $589,515 · program services $589,515

• 11a · Fees: management

  total $685,932 · program services $262,301 · management and general $211,815 · fundraising $211,816

• 11b · Fees: legal

  total $976 · management and general $976

• 11c · Fees: accounting

  total $36,786 · management and general $36,786

• 11f · Fees: investment management

  total $18,072 · management and general $18,072

• 11g · Fees: other

  total $211,405 · program services $25,000 · management and general $46,601 · fundraising $139,804

• 13 · Office expenses

  total $212,781 · program services $50,924 · management and general $3,011 · fundraising $158,846

• 16 · Occupancy

  total $114,236 · program services $114,236

• 17 · Travel

  total $47,151 · management and general $34,075 · fundraising $13,076

• 22 · Depreciation, depletion and amortization

  total $75,436 · program services $75,436

• 23 · Insurance

  total $110,682 · program services $104,741 · management and general $5,941

• 24a · Other expenses: Bank fees

  total $65,592 · management and general $65,592

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $246,313 · end of year $659,197

• 3 · Pledges and grants receivable

  beginning of year $1,698 · end of year $184,147

• 7 · Other notes and loans receivable

  beginning of year $14,078

• 9 · Prepaid expenses and deferred charges

  beginning of year $119,718 · end of year $221,065

• 10a · Land, buildings and equipment: cost or other basis

  $5,235,008

• 10b · Land, buildings and equipment: accumulated depreciation

  $3,616,430

• 10c · Land, buildings and equipment, net

  beginning of year $1,660,522 · end of year $1,618,578

• 11 · Investments: publicly traded securities

  beginning of year $23,652,552 · end of year $25,500,394

• 15 · Other assets

  beginning of year $233,038 · end of year $169,463

• 17 · Accounts payable and accrued expenses

  beginning of year $376,724 · end of year $74,572

• 25 · Other liabilities

  beginning of year $8,835 · end of year $8,049

• 27 · Net assets without donor restrictions

  beginning of year $4,362,259 · end of year $4,779,943

• 28 · Net assets with donor restrictions

  beginning of year $21,180,101 · end of year $23,490,280

The filer's explanations (Part III)

Part I, Line 3

Sigma Alpha Epsilon Foundation has no employees of its own. Sigma Alpha Epsilon Foundation reimburses Sigma Alpha Epsilon Fraternity for shared employee costs by paying the Fraternity a management fee.