Form 990 for tax year 2024
Filed by SIGMA PHI EPSILON ALUMNI CORPORATION.
Totals
- Total revenue
- $131,984
- Total expenses
- $240,941
- Contributions and grants received
- $2,488
- Grants paid
- $0
- Program service revenue
- $129,496
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,805,760
- Total liabilities, end of year
- $772,989
- Net assets or fund balances, end of year
- $1,032,771
- Program services expenses (Part IX)
- $240,941
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $240,941
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$2,488
-
2a · Program service revenue: ROOMING AND BOARDING
total $129,496 · related or exempt $129,496
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $1,148 · program services $1,148
-
16 · Occupancy
total $48,769 · program services $48,769
-
20 · Interest
total $54,921 · program services $54,921
-
22 · Depreciation, depletion and amortization
total $89,554 · program services $89,554
-
23 · Insurance
total $14,828 · program services $14,828
-
24a · Other expenses: CLEANING SUPPLIES
total $7,181 · program services $7,181
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $23,356 · program services $23,356
-
24c · Other expenses: MISC
total $1,184 · program services $1,184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,870 · end of year $20,981
-
2 · Savings and temporary cash investments
beginning of year $115,427 · end of year $203,397
-
10a · Land, buildings and equipment: cost or other basis
$2,829,216
-
10b · Land, buildings and equipment: accumulated depreciation
$1,250,433
-
10c · Land, buildings and equipment, net
beginning of year $1,578,783 · end of year $1,578,783
-
13 · Investments: program-related
beginning of year $62,933 · end of year $2,599
-
23 · Secured mortgages and notes payable
beginning of year $804,327 · end of year $772,989
-
31 · Retained earnings, endowment or other funds
beginning of year $959,686 · end of year $1,032,771
Mission and programs · 2024
Mission
PROVIDE FELLOWSHIP AND HOUSING FOR COLLEGE STUDENTS HELPING TO PREPARE THEM TO BE PRODUCTIVE MEMBER AND CONTRIBUTIONS TO SOCIETY
-
ALL EXPENSES INCURRED ARE DUE TO OCCUPANCY OF FRATERNITY HOUSE THESE INCLUDE UTILITIES PROPERTY INSURANCE ETC
Expenses $240,941 · Revenue $131,984
As filed on the 2024 return.
Listed in Part VII
-
Scott NewlundSCOTT NEWLUND
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Don ParksDON PARKS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HultmanJEFF HULTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven SharpSTEVEN SHARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ArnottMICHAEL ARNOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James BantaJAMES BANTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric GreenERIC GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Andrew SharpANDREW SHARP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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.
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.
-
0309 · NATIONAL · VA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512869349300336
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