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Nonprofiteer
← SIGMA ALPHA EPSILON FOUNDATION

Form 990 for tax year 2023

Filed by SIGMA ALPHA EPSILON FOUNDATION.

Totals

Total revenue
$3,905,211
Total expenses
$3,751,942
Contributions and grants received
$3,047,640
Grants paid
$1,794,382
Program service revenue
$86,000
Investment income
$771,570
Other revenue
$1
Total assets, end of year
$25,927,919
Total liabilities, end of year
$385,559
Net assets or fund balances, end of year
$25,542,360
Program services expenses (Part IX)
$2,568,608
Management and general expenses
$511,627
Fundraising expenses
$671,707
Program service expenses (Part III)
$2,568,608

Program services were 68.5% 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.

  • 1f · All other contributions, gifts and grants

    $3,047,640

  • 2a · Program service revenue: RENTAL INCOME -SAE FRATERNITY

    total $80,000 · excluded $80,000

  • 2b · Program service revenue: RENTAL INCOME - SAE F&H

    total $6,000 · excluded $6,000

  • 3 · Investment income

    total $702,004 · excluded $702,004

  • 7a · Gross sales of assets other than inventory

    securities $5,513,069

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

    securities $5,443,503

  • 7c · Gain or loss

    securities $69,566

  • 7d · Net gain or loss

    total $69,566 · related or exempt $69,566

  • 11a · Other revenue: OTHER INCOME

    total $1 · related or exempt $1

  • 11e · Other revenue, total

    $1

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,518,883 · program services $1,518,883

  • 2 · Grants to domestic individuals

    total $275,499 · program services $275,499

  • 11a · Fees: management

    total $753,142 · program services $293,152 · management and general $229,021 · fundraising $230,969

  • 11b · Fees: legal

    total $24,327 · program services $6,442 · management and general $17,885

  • 11c · Fees: accounting

    total $36,710 · management and general $36,710

  • 11f · Fees: investment management

    total $19,613 · management and general $19,613

  • 11g · Fees: other

    total $209,794 · management and general $76,192 · fundraising $133,602

  • 13 · Office expenses

    total $293,791 · program services $61,892 · management and general $5,077 · fundraising $226,822

  • 14 · Information technology

    total $1,501 · management and general $1,501

  • 16 · Occupancy

    total $120,225 · program services $120,225

  • 17 · Travel

    total $67,030 · management and general $48,441 · fundraising $18,589

  • 20 · Interest

    total $764 · fundraising $764

  • 22 · Depreciation, depletion and amortization

    total $79,678 · program services $79,678

  • 23 · Insurance

    total $186,858 · program services $176,829 · management and general $10,029

  • 24a · Other expenses: BANK FEES

    total $59,497 · management and general $59,497

  • 24b · Other expenses: AWARDS

    total $39,008 · program services $36,008 · management and general $3,000

  • 24c · Other expenses: MISCELLANEOUS

    total $32,166 · management and general $4,661 · fundraising $27,505

  • 24d · Other expenses: DONOR PREMIUMS

    total $28,024 · fundraising $28,024

  • 24e · All other expenses

    total $5,432 · fundraising $5,432

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $937,779 · end of year $246,313

  • 3 · Pledges and grants receivable

    beginning of year $8,412 · end of year $1,698

  • 7 · Other notes and loans receivable

    beginning of year $27,769 · end of year $14,078

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,667 · end of year $119,718

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

    $5,201,517

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

    $3,540,995

  • 10c · Land, buildings and equipment, net

    beginning of year $1,740,200 · end of year $1,660,522

  • 11 · Investments: publicly traded securities

    beginning of year $20,704,299 · end of year $23,652,552

  • 15 · Other assets

    end of year $233,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $223,513 · end of year $376,724

  • 25 · Other liabilities

    beginning of year $129,627 · end of year $8,835

  • 27 · Net assets without donor restrictions

    beginning of year $3,895,124 · end of year $4,362,259

  • 28 · Net assets with donor restrictions

    beginning of year $19,259,862 · end of year $21,180,101

Mission and programs · 2023

Mission

TO SUPPORT ITS MEMBERS AND THEIR CHAPTERS TO HELP FULFILL THEIR EDUCATIONAL ASPIRATIONS AND GOALS; TO PROMOTE PROGRAMS TEACHING LEADERSHIP,SCHOLARSHIP, AND PERSONAL DEVELOPMENT; AND TO ENSURE THE PRESEVATION OF LEVERE MEMORIAL TEMPLE.

  • FUNDS USED TO AID FRATERNITY CHAPTERS IN MAINTAINING THE SCHOLARSHIP AND EDUCATIONAL PORTIONS OF THEIR HOUSES.

    Expenses $1,613,790 · Grants $1,613,790

  • FUNDS USED TO SUPPORT THE OPERATION AND PRESERVATION OF THE LEVERE MEMORIAL TEMPLE.

    Expenses $374,548

  • FINANCIAL AID PROVIDED FOR SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO SIGMA ALPHA EPSILON COLLEGIATES.

    Expenses $239,114 · Grants $157,672

  • MANAGEMENT FEE AND OTHER MISCELLANEOUS EXPENSES TO SUPPORT PROGRAM ACTIVITIES.

    Expenses $341,156

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

Listed in Part VII

  • STEVE MITCHELL

    CEO

    Total calculated
    $273,612
    From this org
    $0
    From related orgs
    $264,797
    Other
    $8,815
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $264,797 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,815 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $273,612 related

  • DAN STANCZAK

    CHIEF BUS. O

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

  • DAN ALSAKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HENRY BEATTIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE BURT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEBASHIS CHOWDHURY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JACK COUNTS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GRANT GIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GRAHAM HILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LES IRELAND

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • FRED KLEISNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • TOM LAMANTIA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • HUGH MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER MITCHELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SCOTT POINTNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JEFF ROVNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BO SEDERSTROM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MATTHEW WEINSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
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.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
202531359349305813

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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