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Nonprofiteer
← SIGMA ALPHA EPSILON FRATERNITY

Form 990 for tax year 2023

Filed by SIGMA ALPHA EPSILON FRATERNITY.

Totals

Total revenue
$7,882,696
Total expenses
$7,799,006
Contributions and grants received
$2,790,152
Grants paid
$0
Program service revenue
$2,884,424
Investment income
$400,360
Other revenue
$1,807,760
Total assets, end of year
$14,552,341
Total liabilities, end of year
$3,387,480
Net assets or fund balances, end of year
$11,164,861
Program services expenses (Part IX)
$4,662,726
Management and general expenses
$3,136,280
Fundraising expenses
$0
Program service expenses (Part III)
$4,662,726

Program services were 59.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,715,152

  • 1d · Related organizations

    $75,000

  • 2a · Program service revenue: HEALTH AND SAFETY PROGRAM

    total $2,693,975 · related or exempt $2,693,975

  • 2b · Program service revenue: LEADERSHIP SCHOOL FEES

    total $190,449 · related or exempt $190,449

  • 3 · Investment income

    total $400,360 · unrelated business $400,360

  • 5 · Royalties

    total $144,016 · unrelated business $144,016

  • 11a · Other revenue: ADMINISTRATIVE COSTS REIMBURS

    total $1,596,669 · related or exempt $1,596,669

  • 11b · Other revenue: MISC REVENUE

    total $60,234 · related or exempt $60,234

  • 11c · Other revenue: MERCHANDISE

    total $6,841 · related or exempt $6,841

  • 11e · Other revenue, total

    $1,663,744

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $325,621 · program services $207,970 · management and general $117,651

  • 7 · Other salaries and wages

    total $2,858,693 · program services $1,361,112 · management and general $1,497,581

  • 8 · Pension plan contributions

    total $104,189 · program services $46,212 · management and general $57,977

  • 9 · Other employee benefits

    total $294,820 · program services $130,765 · management and general $164,055

  • 10 · Payroll taxes

    total $241,779 · program services $107,239 · management and general $134,540

  • 11b · Fees: legal

    total $107,792 · program services $56,855 · management and general $50,937

  • 11c · Fees: accounting

    total $32,356 · management and general $32,356

  • 11g · Fees: other

    total $229,197 · program services $11,923 · management and general $217,274

  • 12 · Advertising and promotion

    total $7,634 · management and general $7,634

  • 13 · Office expenses

    total $219,545 · program services $111,467 · management and general $108,078

  • 14 · Information technology

    total $251,557 · management and general $251,557

  • 16 · Occupancy

    total $102,218 · management and general $102,218

  • 17 · Travel

    total $838,813 · program services $757,571 · management and general $81,242

  • 19 · Conferences, conventions and meetings

    program services -$12,764 · management and general $12,764

  • 22 · Depreciation, depletion and amortization

    total $4,794 · management and general $4,794

  • 23 · Insurance

    total $1,717,394 · program services $1,682,568 · management and general $34,826

  • 24a · Other expenses: MERCHANDISE

    total $148,108 · program services $135,270 · management and general $12,838

  • 24b · Other expenses: MISCELLANEOUS

    total $57,253 · program services $50,024 · management and general $7,229

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $56,108 · management and general $56,108

  • 24d · Other expenses: BANK FEES

    total $55,287 · management and general $55,287

  • 24e · All other expenses

    total $145,848 · program services $16,514 · management and general $129,334

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $864,971 · end of year $782,681

  • 4 · Accounts receivable

    beginning of year $394,756 · end of year $344,408

  • 8 · Inventories for sale or use

    beginning of year $59,281 · end of year $38,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $732,125 · end of year $686,670

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

    $1,005,612

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

    $198,428

  • 10c · Land, buildings and equipment, net

    beginning of year $811,979 · end of year $807,184

  • 11 · Investments: publicly traded securities

    beginning of year $10,869,300 · end of year $11,358,045

  • 15 · Other assets

    beginning of year $504,189 · end of year $535,329

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,725,096 · end of year $3,157,530

  • 19 · Deferred revenue

    beginning of year $664

  • 25 · Other liabilities

    beginning of year $240,992 · end of year $229,950

  • 27 · Net assets without donor restrictions

    beginning of year $1,921,065 · end of year $2,728,521

  • 28 · Net assets with donor restrictions

    beginning of year $8,348,784 · end of year $8,436,340

Mission and programs · 2023

Mission

THE MISSION OF SIGMA ALPHA EPSILON IS TO PROMOTE THE HIGHEST STANDARDS OF FRIENDSHIP, SCHOLARSHIP, AND SERVICE FOR OUR MEMBERS BASED UPON THE IDEALS SET FORTH BY OUR FOUNDERS. TO HELP DEVELOP AND FOSTER PERSONAL DEVELOPMENT OF MEMBER'S SKILLS IN LEADERSHIP, SCHOLARSHIP, CITIZENSHIP, SOCIAL AND MORAL RESPONSIBILITY.

  • OPERATION OF MEMBER SERVICES TO FURTHER EDUCATION AND SOCIAL ASPECTS OF STUDENTS ON A COLLEGE CAMPUS.

    Expenses $1,545,359

  • LEADERSHIP SCHOOL FOR THE ENRICHMENT OF COLLEGE EXPERIENCE, AS WELL AS TRAINING FOR FUTURE CAREERS AND LIVES.

    Expenses $422,937

  • FINANCING OF INSURANCE RISK TO LESSEN BURDEN COSTS ON INDIVIDUAL CHAPTERS AND MEMBERS.

    Expenses $2,565,616

  • CONVENTION EXPENSES AND SCHOLARSHIPS/AWARDS EXPENSES

    Expenses $128,814

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark McDonough

    EM SUP ARCHO

    Total calculated
    $0
    Hours/week
    8

  • Ben Johnson II

    EM D SUP ARC

    Total calculated
    $0
    Hours/week
    4

  • Jim Skaggs

    EM SUP WARDE

    Total calculated
    $0
    Hours/week
    4

  • Joe Richey

    EM SUP HERAL

    Total calculated
    $0
    Hours/week
    4

  • Joe Halcomb

    EM SUP CHRON

    Total calculated
    $0
    Hours/week
    4

  • Chris Hancock

    CEO

    Total calculated
    $218,974
    From this org
    $200,490
    From related orgs
    $0
    Other
    $18,484
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,490
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,484
    Nontaxable benefits
    not reported
    Filer's total
    $218,974

  • Dan Stanczak

    CHIEF BUS. O

    Total calculated
    $122,889
    From this org
    $118,129
    From related orgs
    $0
    Other
    $4,760
    Hours/week
    16 + 24 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349305905

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