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Nonprofiteer
← SIGMA PHI EPSILON EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by SIGMA PHI EPSILON EDUCATIONAL FOUNDATION.

Totals

Total revenue
$4,893,173
Total expenses
$6,186,908
Contributions and grants received
$4,375,487
Grants paid
$4,395,818
Program service revenue
$4,000
Investment income
$302,337
Other revenue
$211,349
Total assets, end of year
$48,071,697
Total liabilities, end of year
$597,264
Net assets or fund balances, end of year
$47,474,433
Program services expenses (Part IX)
$4,395,818
Management and general expenses
$761,670
Fundraising expenses
$1,029,420
Program service expenses (Part III)
$4,395,818

Program services were 71.1% 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

    $4,375,487

  • 2a · Program service revenue: REGISTRATION FEES

    total $4,000 · related or exempt $4,000

  • 3 · Investment income

    total $304,975 · excluded $304,975

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

    securities $2,638

  • 7c · Gain or loss

    securities -$2,638

  • 7d · Net gain or loss

    total -$2,638 · excluded -$2,638

  • 11a · Other revenue: CHAPTER INVESTMET FUND

    total $211,349 · related or exempt $211,349

  • 11e · Other revenue, total

    $211,349

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,890,272 · program services $3,890,272

  • 2 · Grants to domestic individuals

    total $505,546 · program services $505,546

  • 7 · Other salaries and wages

    total $648,345 · management and general $89,440 · fundraising $558,905

  • 11b · Fees: legal

    total $15,041 · management and general $15,041

  • 11c · Fees: accounting

    total $30,300 · management and general $30,300

  • 11f · Fees: investment management

    total $258,597 · management and general $258,597

  • 11g · Fees: other

    total $176,104 · fundraising $176,104

  • 13 · Office expenses

    total $70,348 · management and general $70,348

  • 14 · Information technology

    total $29,701 · management and general $29,701

  • 17 · Travel

    total $60,598 · fundraising $60,598

  • 22 · Depreciation, depletion and amortization

    total $46,371 · management and general $46,371

  • 24a · Other expenses: SPECIAL EVENTS EXPENSES

    total $233,813 · fundraising $233,813

  • 24b · Other expenses: CREDIT CARD FEES

    total $89,401 · management and general $89,401

  • 24c · Other expenses: BUILDING AND GROUNDS

    total $50,328 · management and general $50,328

  • 24d · Other expenses: OTHER EXPENSES

    total $46,105 · management and general $46,105

  • 24e · All other expenses

    total $36,038 · management and general $36,038

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,392,815 · end of year $780,977

  • 3 · Pledges and grants receivable

    beginning of year $294,224 · end of year $118,917

  • 7 · Other notes and loans receivable

    beginning of year $476,702 · end of year $451,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,261 · end of year $30,719

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

    $1,051,167

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

    $307,223

  • 10c · Land, buildings and equipment, net

    beginning of year $784,474 · end of year $743,944

  • 11 · Investments: publicly traded securities

    beginning of year $36,213,078 · end of year $40,186,345

  • 12 · Investments: other securities

    beginning of year $5,482,358 · end of year $5,758,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $191,328 · end of year $242,521

  • 19 · Deferred revenue

    beginning of year $4,804 · end of year $0

  • 25 · Other liabilities

    beginning of year $46,272 · end of year $354,743

  • 27 · Net assets without donor restrictions

    beginning of year $3,208,996 · end of year $2,971,953

  • 28 · Net assets with donor restrictions

    beginning of year $41,223,512 · end of year $44,502,480

Mission and programs · 2023

Mission

TO STIMULATE INTELLECTUAL ACHIEVEMENT, PROMOTE MORALITY AND CITIZENSHIP AND ENCOURAGE PHYSICAL AND SOCIAL DEVELOPMENT AT CHAPTERS OF SIGMA PHI EPSILON FRATERNITY.

Activities or mission (Part I)

THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION ADVANCES THE MISSION OF THE HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS AND GRANTS THAT SUPPORT HEALTHY LIVING ENVIRONMENTS AND PROGRAMS FOCUSED ON THE ACADEMIC AND MORAL DEVELOPMENT OF UNDERGRADUATE MEN.

  • TO ADVANCE THE MISSION OF SIGMA PHI EPSILON FRATERNITY OF "BUILDING BALANCED MEN" BY PROVIDING GRANTS TO SIG EP LEAD FUND TO FUND THE FOLLOWING PROGRAMS:PROGRAMS AND EVENT STAFFINGCARLSON LEADERSHIP ACADEMIES: FOR BROTHERS WHO HAVE SHOWN A DESIRE TO LEAD THEIR CHAPTER, CARLSON OFFERS TRAINING IN LEADERSHIP TECHNIQUES, PROBLEM-SOLVING AS A TEAM, GOAL-SETTING AND EXECUTION. THE ACADEMY IS FACILITATED BY ALUMNI WITH YEARS OF SIGEP INVOLVEMEN AND SENIOR LEADERSHIP EXPERIENCE. CHAPTER LEADERS LEAVE WITH INCREASED KNOWLEDGE AND CONFIDENCE IN THEIR ABILITY TO CREATE A POSITIVE ENVIRONMENT FOR THEIR BROTHERS TO GROW.RUCK LEADERSHIP INSTITUTE: AN INTENSE 5-DAY EVENT FOR THE FRATERNITY'S TOP RISING LEADERS. CURRICULUM IS BASED ON THE LEADERSHIP CHALLENGE AND FOCUSES ON TEACHING THE FEW TO IMPACT THE MANY THAT WILL FOLLOW THEM.TRAGOS QUEST TO GREECE SCHOLARS: TRAGOS QUEST TO GREECE: AN INTERNATIONAL EXPERIENCE TO DISCOVER THE BIRTHPLACE OF WESTERN CIVILIZATION AND SOUND MIND AND BODY.LIFE AFTER COLLEGE: LIFE AFTER COLLEGE ENGAGES INDUSTRY-LEADING PROFESSIONALS TO PREPARE UNDERGRADUATES FOR THEIR FUTURE CAREERS. GOING BEYOND A TYPICAL CAMPUS CAREER CENTER, BROTHERS RECEIVE CRUCIAL SKILLS TRAINING AND AN UNDERSTANDING OF HOW TO TRANSLATE THEIR SIGEP INVOLVEMENT TO THE PROFESSIONAL WORLD. ATTENDESS RECEIVE ONE-ON-ONE CAREER COACHING AS WELL AS EDUCATION ON TOPICS LIKE FINANIAL RESPONSIBILITY, INTERVIEW SKILLS, RESUME BUILDING AND PERSONAL GOALS.

    Expenses $1,717,120 · Grants $1,717,120

  • CHAPTER RESTRICTED & ENDOWED SCHOLARSHIPS - SCHOLARSHIP AWARDS FOR TUITION, BOOKS AND ROOM AND BOARD TO STUDENTS AT CAMPUSES NATIONWIDE, BASED ON ACADEMIC ACHIEVEMENT, CHAPTER LEADERSHIP, CAMPUS AND COMMUNITY SERVICE, AND FINANCIAL NEED. SCHOLARSHIP AWARDS MADE FROM ENDOWMENTS ESTABLISHED FOR A SPECIFIC PURPOSE ARE MADE TO STUDENTS NATIONWIDE FOR TUITION, BOOKS AND ROOM AND BOARD AWARDS.

    Expenses $668,959 · Grants $668,959

  • RESIDENTIAL LEARNING COMMUNITY GRANTS - GRANTS MADE FOR CHAPTER HOUSING THAT EXPANDS FACULTY CONNECTION AND IMPLEMENTS NEW INITIATIVES TO CREATE A LEARNING ENVIRONMENT WHERE STUDENTS ARE SURROUNDED BY RESPONSIBLE PEERS AND UNIVERSITY FACULTY WHO ARE COMMITTED TO HELPING THEM SUCCEED INSIDE AND OUTSIDE THE CLASSROOM.

    Expenses $2,009,739 · Grants $2,009,739

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

Listed in Part VII

  • Christopher Bittman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Garry C Kief

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Watford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Engelhardt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • De Perry Moulds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill McCausland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlie Amato

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Matt Parrish

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard W Bennett III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Matthieu Duncan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Grant Buttram

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

Grants 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.

  • SIGEP LEAD FUND

    501(C)(3) · DELIVERING EDUCATION & LEADERSHIP PROGRAMMING TO THE SIGEP FRATERNITY · VA

  • SIGMA PHI EPSILON FRATERNITY

    501(C)(7) · SOCIAL CLUB THAT FOCUSES ON EDUCATIONAL AND LEADERSHIP OPPORTUNITIES · VA

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202521209349302257

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