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Nonprofiteer
← SIGMA PHI EPSILON FRATERNITY INC

Form 990 for tax year 2023

Filed by SIGMA PHI EPSILON FRATERNITY INC.

Totals

Total revenue
$7,235,237
Total expenses
$7,362,010
Contributions and grants received
$19,124
Grants paid
$25,250
Program service revenue
$7,448,522
Investment income
$28,215
Other revenue
-$260,624
Total assets, end of year
$56,920,689
Total liabilities, end of year
$31,446,324
Net assets or fund balances, end of year
$25,474,365
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1f · All other contributions, gifts and grants

    $19,124

  • 2a · Program service revenue: MEMBERSHIP/ANNUAL DUES

    total $5,371,563 · related or exempt $5,371,563

  • 2b · Program service revenue: INTEREST ON CHAPTER LOANS

    total $1,230,420 · related or exempt $1,230,420

  • 2c · Program service revenue: MANAGEMENT FEE

    total $574,264 · related or exempt $574,264

  • 2d · Program service revenue: HOUSING LOAN FUND FEES

    total $272,275 · related or exempt $272,275

  • 3 · Investment income

    total $28,215 · excluded $28,215

  • 5 · Royalties

    total $220,274 · excluded $220,274

  • 6a · Gross rents

    real property $5,323,383

  • 6b · Less rental expenses

    real property $6,131,597

  • 6c · Rental income or loss

    real property -$808,214

  • 6d · Net rental income or loss

    total -$808,214 · related or exempt -$808,214

  • 10a · Gross sales of inventory

    $22,843

  • 10b · Cost of goods sold

    $140,249

  • 10c · Net income from sales of inventory

    total -$117,406 · related or exempt -$117,406

  • 11a · Other revenue: OTHER REVENUE

    total $444,722 · related or exempt $444,722

  • 11e · Other revenue, total

    $444,722

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,250

  • 5 · Compensation of officers, directors and key employees

    total $357,790

  • 7 · Other salaries and wages

    total $1,476,089

  • 9 · Other employee benefits

    total $236,079

  • 10 · Payroll taxes

    total $185,362

  • 11b · Fees: legal

    total $68,405

  • 11c · Fees: accounting

    total $37,175

  • 11f · Fees: investment management

    total $34,055

  • 11g · Fees: other

    total $9,687

  • 12 · Advertising and promotion

    total $53,616

  • 14 · Information technology

    total $4,762

  • 16 · Occupancy

    total $623,460

  • 17 · Travel

    total $440,500

  • 20 · Interest

    total $182,302

  • 24a · Other expenses: OTHER EXPENSES

    total $412,376

  • 24b · Other expenses: DIRECT RISK MANAGEMENT

    total $1,924,483

  • 24c · Other expenses: SHARED SERVICES

    total $880,926

  • 24d · Other expenses: MEMBERSHIP JOURNAL GRAN

    total $132,000

  • 24e · All other expenses

    total $277,693

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,631,224 · end of year $6,280,980

  • 4 · Accounts receivable

    beginning of year $774,340 · end of year $652,692

  • 7 · Other notes and loans receivable

    beginning of year $15,942,157 · end of year $20,826,445

  • 8 · Inventories for sale or use

    beginning of year $22,813 · end of year $48,104

  • 9 · Prepaid expenses and deferred charges

    beginning of year $560,695 · end of year $1,007,514

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

    $33,131,298

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

    $13,377,921

  • 10c · Land, buildings and equipment, net

    beginning of year $20,447,401 · end of year $19,753,377

  • 11 · Investments: publicly traded securities

    beginning of year $10,055,587 · end of year $7,824,372

  • 14 · Intangible assets

    beginning of year $5,585 · end of year $5,585

  • 15 · Other assets

    beginning of year $163,746 · end of year $521,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $668,988 · end of year $1,214,586

  • 19 · Deferred revenue

    beginning of year $1,341,182 · end of year $1,423,021

  • 23 · Secured mortgages and notes payable

    beginning of year $18,780,288 · end of year $20,881,250

  • 25 · Other liabilities

    beginning of year $7,781,680 · end of year $7,927,467

  • 27 · Net assets without donor restrictions

    beginning of year $25,031,410 · end of year $25,474,365

Mission and programs · 2023

Mission

SIGEP'S MISSION IS BUILDING BALANCED LEADERS FOR THE WORLD'S COMMUNITITES. SIGEP IS REDEFINING THE UNDERGRADUATE FRATERNITY EXPERIENCE WITH INNOVATIVE PROGRAMS THAT ELIMINATE PLEDGING AND SUBSTANCES IN FRATERNITY HOMES, FOCUSES RESOURCES ON THE PERSONAL AND PROFESSIONAL DEVELOPMENT OF ITS MEMBERS.

Activities or mission (Part I)

BUILDING BALANCED LEADERS FOR HE WORLD'S COMMUNITIES

  • NATIONAL MEMBERSHIP FRATERNITY OF COLLEGE STUDENTS AND ALUMNI; OVER 190 CHAPTERS AND APPROXIMATELY 360,000 MEMBERS AND ALUMNI.

  • UNDER THE SINGLE MEMBER LLC, SENH PROVIDES LOANS, INCLUDING COLLECTING INTEREST, TO ALUMNI VOLUNTEER CORPORATIONS FOR HOUSES THAT OUR LOCAL CHAPTERS LIVE IN. IN ADDITION, PROVIDE MANAGEMENT FOR 11 CHAPTER HOUSES, INCLUDING COLLECTING RENTS AND PAYING EXPENSES FOR EACH OF THESE HOUSES.

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

Listed in Part VII

  • Greg Pestinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Caleron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Wolbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darron Trobetsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Duggan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Regina Young Hyatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Fridrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Crabtree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blake Gibney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bradley C Nahrstadt

    GRAND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Daniel W McVeigh

    GRAND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Victor K Wilson

    GRAND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian C Warren Jr

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $333,145
    From this org
    $333,145
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $333,145
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $333,145

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 · Written employment contract
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SIG EP NATIONAL HOUSING LLC

    TO OVERSEE AND ADMINISTER THE HOUSING ISSUES OF THE SIGMA PHI EPSILON FRAT · VA

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202511209349302361

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