Sigma Alpha Epsilon Fraternity

Not tax-deductible

Evanston, IL501(c)(7)Since 1856EIN 36-1773950

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The mission of Sigma Alpha Epsilon is to promote the highest standards of friendship, scholarship, and service for our members based upon the ideals set forth by our Founders. To help develop and foster personal development of member's skills in leadership, scholarship, citizenship, social and moral responsibility.

56¢ of each $1 spent went to programs.
Run by 4,000 volunteers and 55 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $426K a year · 6% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$668K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.6M
+22% vs prior year
Spent
$5.2M
To programs
56%
Net assets
$16.3M
By yearFY2020–FY2024
Revenue
$9.6M
FY2024▲ +22%
Revenue by fiscal year
FY2020$6.4M
FY2021$6.0M
FY2022$7.2M
FY2023$8.1M
FY2024$7.9M
FY2024$9.6M
Expenses
$5.2M
FY2024▼ -33%
Expenses by fiscal year
FY2020$6.3M
FY2021$5.1M
FY2022$6.4M
FY2023$7.9M
FY2024$7.8M
FY2024$5.2M
Net assets
$16.3M
FY2024▲ +46%
Net assets by fiscal year
FY2020$7.7M
FY2021$9.7M
FY2022$9.6M
FY2023$10.3M
FY2024$11.2M
FY2024$16.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $2.9M Management & general 44% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $668K paid to officers and key staff.

Part VII, Section A · reportable compensation
$284,114Pt VII · Sec A
$172,930Pt VII · Sec A
Chief Bus. Officer
$120,892Pt VII · Sec A
SR Director of Finance
$89,792Pt VII · Sec A
Em Sup Archon
$0Pt VII · Sec A
Em Sup Chronicler
$0Pt VII · Sec A
Em D Sup Archon
$0Pt VII · Sec A
Em Sup Warden
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Steven Mitchell$284,114————
Chris Hancock—$200,490$157,914$156,371$73,648
Chris Hancock$172,930————
Dan Stanczak$120,892————
Dan Stanczak—$118,129$114,426$105,696$95,146
Juan Faria$89,792————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops members' leadership, scholarship, and service skills through friendship and moral responsibility.

Provided by the organization

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3 program services account for $2.8M of program spending, described in the organization's own filed words · FY2024.
01

Operation of member services to further education and social aspects of students on a college campus.

$1.5Mprogram expense
02

Financing of insurance risk to lessen burden costs on individual chapters and members.

$873Kprogram expense
03

Leadership school for the enrichment of college experience, as well as training for future careers and lives.

$423Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$75K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.6M
Ln 12
Fees for servicesLn 2g$3.3M
Other incomeLn 4–11$3.2M
Gifts and grantsLn 1h$2.8M
Money outPt IX
$5.2M
Ln 25
Programscol B$2.9M
Managementcol C$2.3M
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$913K
Total assetsLn 16$17.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$315K
Other incomeLn 4–11$3.2M
Total revenueLn 12$9.6M
Assets in detailPt X, end of year
CashLn 1$913K
Cash and savings togetherLn 1–2$913K
InvestmentsLn 11–13$12.3M
Land, buildings, equipmentLn 10c$807K
Other assetsLn 15$583K
Total assetsLn 16$17.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$16.3M
OperationsPt I, VI
EmployeesI 555
VolunteersI 64,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$783K$913K
InvestmentsLn 11–13$11.4M$12.3M
Land, buildings, equipmentLn 10c$807K$807K
Total assetsLn 16$14.6M$17.8M
LiabilitiesLn 26$3.4M$1.4M
Net assetsLn 32$11.2M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$651K$327K$324K
Other salaries and wagesLn 7$3.0M$1.2M$1.8M
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$344K$284K$59K
Legal feesLn 11b$51K$47K$4K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$166K$7K$159K
Office expensesLn 13$143K$62K$81K
Information technologyLn 14$137K$137K
OccupancyLn 16$104K$104K
TravelLn 17$830K$758K$72K
Conferences, conventions and meetingsLn 19$1K$1K$412
InsuranceLn 23−$738K−$738K
Other expenses (24a–d)Ln 24$320K$126K$194K
All other expensesLn 24e$120K$62K$57K
Total functional expensesLn 25$5.2M$2.9M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $7.9M$7.8M$84K$11.2M 990 PDF
FY2023 $8.1M$7.9M$191K$10.3M 990 PDF
FY2022 $7.2M$6.4M$848K$9.6M 990 PDF
FY2021 $6.0M$5.1M$856K$9.7M 990 PDF
FY2020 $6.4M$6.3M$153K$7.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $9,609,993 across 8 lines filed
VIII-1b Membership dues$2,745,923
VIII-1d Related organizations$75,000
VIII-1h Total contributions, gifts and grants$2,820,923
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,256,929$3,256,929
VIII-3 Investment incomeUnrelated business $314,528$314,528
VIII-5 RoyaltiesUnrelated business $159,042$159,042
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,058,571$3,058,571
VIII-12 Total revenueRelated to mission $6,315,500 · Unrelated business $473,570 · Excluded from tax $0$9,609,993
Part IX · Statement of functional expenses $5,196,256 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $327,305 · Management $323,928$651,233
IX-7 Other salaries and wagesPrograms $1,241,777 · Management $1,781,208$3,022,985
IX-9 Other employee benefitsManagement $12,503$12,503
IX-10 Payroll taxesPrograms $284,216 · Management $59,349$343,565
IX-11b Legal feesPrograms $47,275 · Management $3,739$51,014
IX-11c Accounting feesManagement $30,605$30,605
IX-11g Other fees for servicesPrograms $7,458 · Management $158,806$166,264
IX-13 Office expensesPrograms $61,962 · Management $81,309$143,271
IX-14 Information technologyManagement $137,381$137,381
IX-16 OccupancyManagement $103,832$103,832
IX-17 TravelPrograms $757,571 · Management $72,435$830,006
IX-19 Conferences, conventions and meetingsPrograms $1,002 · Management $412$1,414
IX-23 InsuranceManagement −$737,514−$737,514
IX-24 Other expenses (24a–d)Programs $125,529 · Management $194,383$319,912
IX-24e All other expensesPrograms $62,471 · Management $57,314$119,785
IX-25 Total functional expensesPrograms $2,916,566 · Management $2,279,690 · Fundraising $0$5,196,256
Part X · Balance sheet $17,775,034 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $782,681$913,263
X-4 Accounts receivableStart of year $344,408$726,492
X-8 Inventories for sale or useStart of year $38,024$99,632
X-9 Prepaid expenses and deferred chargesStart of year $686,670$2,309,975
X-10c Land, buildings and equipment, netStart of year $807,184$807,184
X-11 Publicly traded securitiesStart of year $11,358,045$12,335,807
X-15 Other assetsStart of year $535,329$582,681
X-16 Total assetsStart of year $14,552,341$17,775,034
X-17 Accounts payable and accrued expensesStart of year $3,157,530$1,210,284
X-25 Other liabilitiesStart of year $229,950$218,466
X-26 Total liabilitiesStart of year $3,387,480$1,428,750
X-27 Net assets without donor restrictionsStart of year $2,728,521$7,712,293
X-28 Net assets with donor restrictionsStart of year $8,436,340$8,633,991
X-32 Total net assets or fund balancesStart of year $11,164,861$16,346,284
X-33 Total liabilities and net assetsStart of year $14,552,341$17,775,034
Part XI · Reconciliation of net assets $16,346,284 net assets at year end
XI-1 Total revenue$9,609,993
XI-2 Total expenses$5,196,256
XI-3 Revenue less expenses$4,413,737
XI-4 Net assets at start of year$11,164,861
XI-5 Net unrealized gains (losses) on investments$767,686
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,346,284

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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