Form 990 for tax year 2023

Filed by SIGMA ALPHA EPSILON FRATERNITY.

Totals

Total revenue: $1,138,207
Total expenses: $1,146,210
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $1,138,132
Investment income: $0
Other revenue: $75
Total assets, end of year: $236,825
Total liabilities, end of year: $128,546
Net assets or fund balances, end of year: $108,279
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $1,146,210

Program services were 0.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2a · Program service revenue: Chapter Programming Fees

total $229,815 · related or exempt $0 · unrelated business $0 · excluded $0
2b · Program service revenue: Fraternity Service Center Fees

total $77,951 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue: Lease & Management Fees

total $812,945 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue: Finance & Processing Fees

total $17,421 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Misc. Income

total $75 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$75

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $33,604 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $2,028 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $24,000 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $488 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $405,778 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $1,379 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $8,907 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: Chapter Food Expenses

total $310,020 · program services $0 · management and general $0 · fundraising $0
24b · Other expenses: Janitorial Services Expense

total $20,250 · program services $0 · management and general $0 · fundraising $0
24c · Other expenses: Chapter Programming Expenses

total $226,219 · program services $0 · management and general $0 · fundraising $0
24d · Other expenses: Fraternity Service Center Expenses

total $78,285 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $35,252 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $125,657 · end of year $109,088
2 · Savings and temporary cash investments

beginning of year $49,416 · end of year $118,487
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $18,564 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1,143 · end of year $9,250
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $76,748 · end of year $123,230
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $1,750 · end of year $5,316
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $116,282 · end of year $108,279

Mission and programs · 2023

Mission

ADVANCING THE HIGHEST STANDARDS OF FRIENDSHIP SCHOLARSHIP LEADERSHIP AND SERVICE FOR OUR MEMBERS THROUGHOUT LIFE

Activities or mission (Part I)

MISSISSIPPI THETA IS AN UNDERGRADUATE COLLEGIATE FRATERNITY AT MISSISSIPPI STATE UNIVERSITY UNDER THE AUTHORITY OF SIGMA ALPHA EPSILON FRATERNITY. THE MISSION OF SAE IS "ADVANCING THE HIGHEST STANDARDS OF FRIENDSHIP SCHOLARSHIP LEADERSHIP AND SERVICE FOR OUR MEMBERS THROUGHOUT LIFE".

PROVIDED CHAPTER ACTIVITIES FOR THE UNDERGRADUATE CHAPTER OF THE NATIONAL SIGMA ALPHA EPSILON FRATERNITY

Expenses $1,146,210 · Revenue $1,138,207

As filed on the 2023 return.

Listed in Part VII

JUAN I FARIA

CONTROLLER

Total calculated

$0

Hours/week

2
GREGORY P SOMERS

CEO

Total calculated

$0

Hours/week

2
Curry Black

PRESIDENT

Total calculated

$0

Hours/week

10
Brooks Magee

VICE PRESIDENT

Total calculated

$0

Hours/week

10
Mac Hamilton

TREASURER

Total calculated

$0

Hours/week

10
Luke Willett

RECORDER

Total calculated

$0

Hours/week

10

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 11 November 2024
IRS schema version: 2023v5.1
Source object: 202433169349303263

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