Sigma Alpha Epsilon Fraternity FY2023 filing

Not tax-deductible

Evanston, IL501(c)(7)Since 1856EIN 36-1773950Revenue $8.1M in FY2023

On file with the IRSsae.net1856 Sheridan Rd, 60201-3837 · Evanston, ILTax-exempt since Nov 1940

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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.

62¢ of each $1 spent went to programs.
$272K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.1M a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 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
$4.0M
28% of total assets
Looks good: liabilities are 28% 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
$8.1M
+12% vs prior year
Spent
$7.9M
To programs
62%
Net assets
$10.3M
By yearFY2020–FY2025
Revenue
$8.1M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.4M
FY2021$6.0M
FY2022$7.2M
FY2023$8.1M
FY2024$7.9M
FY2025$9.6M
Expenses
$7.9M
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.3M
FY2021$5.1M
FY2022$6.4M
FY2023$7.9M
FY2024$7.8M
FY2025$5.2M
Net assets
$10.3M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$9.7M
FY2022$9.6M
FY2023$10.3M
FY2024$11.2M
FY2025$16.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1940.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $4.9M Management & general 38% · $3.0M

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

7 people listed on the 990; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$157,914Pt VII · Sec A
Chief Bus. O
$114,426Pt VII · Sec A
Em Sup Warde
$0Pt VII · Sec A
Em Sup Archo
$0Pt VII · Sec A
Em Sup Chron
$0Pt VII · Sec A
Em Sup Heral
$0Pt VII · Sec A
Em Sup D Arc
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steven Mitchell$284,114————
Chris Hancock$172,930$200,490$157,914$156,371$73,648
Dan Stanczak$120,892$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.

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Provided by the organization

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3 programs · $4.4M · in their own filed words · FY2022
01

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

$2.6Mprogram expense
02

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

$1.3Mprogram expense
03

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

$506Kprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$8.1M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$2.8M
Other incomeLn 4–11$1.8M
Money outPt IX
$7.9M
Ln 25
Programscol B$4.9M
Managementcol C$3.0M
Owns and owesPt X
$10.3M
net assets · Ln 32
Cash and savingsLn 1–2$865K
Total assetsLn 16$14.2M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$328K
Other incomeLn 4–11$1.8M
Total revenueLn 12$8.1M
Assets in detailPt X, end of year
CashLn 1$865K
Cash and savings togetherLn 1–2$865K
InvestmentsLn 11–13$10.9M
Land, buildings, equipmentLn 10c$812K
Other assetsLn 15$504K
Total assetsLn 16$14.2M
LiabilitiesLn 26$4.0M
Net assetsLn 32$10.3M
OperationsPt I, VI
EmployeesI 555
VolunteersI 64,000
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$964K$865K
InvestmentsLn 11–13$9.8M$10.9M
Land, buildings, equipmentLn 10c$818K$812K
Total assetsLn 16$12.8M$14.2M
LiabilitiesLn 26$3.2M$4.0M
Net assetsLn 32$9.6M$10.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$335K$214K$121K
Other salaries and wagesLn 7$2.7M$1.2M$1.5M
Pension plan contributionsLn 8$106K$47K$58K
Other employee benefitsLn 9$237K$106K$131K
Payroll taxesLn 10$227K$102K$125K
Legal feesLn 11b$57K$57K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$24$24
Other fees for servicesLn 11g$152K$43K$108K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$192K$109K$83K
Information technologyLn 14$146K$146K
OccupancyLn 16$127K$127K
TravelLn 17$1.2M$978K$266K
Conferences, conventions and meetingsLn 19$34K$34K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$1.9M$1.8M$72K
Other expenses (24a–d)Ln 24$339K$152K$188K
All other expensesLn 24e$70K$13K$56K
Total functional expensesLn 25$7.9M$4.9M$3.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.6M$5.2M$4.4M$16.3M 990 PDF
FY2024 $7.9M$7.8M$84K$11.2M 990 PDF
FY2023 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $8,059,440 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,609,888$2,795,812
I-9 Program service revenuePrior year $2,787,834$3,181,750
I-10 Investment incomePrior year $217,901$327,588
I-11 Other revenuePrior year $1,584,244$1,754,290
I-12 Total revenuePrior year $7,199,867$8,059,440
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,031,356$3,554,610
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,320,336$4,314,152
I-18 Total expensesPrior year $6,351,692$7,868,762
I-19 Revenue less expensesPrior year $848,175$190,678
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $8,059,440 across 8 lines filed
VIII-1b Membership dues$2,645,812
VIII-1d Related organizations$150,000
VIII-1h Total contributions, gifts and grants$2,795,812
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,181,750$3,181,750
VIII-3 Investment incomeUnrelated business $327,588$327,588
VIII-5 RoyaltiesUnrelated business $143,708$143,708
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,610,582$1,610,582
VIII-12 Total revenueRelated to mission $4,792,332 · Unrelated business $471,296$8,059,440
Part IX · Statement of functional expenses $7,868,762 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $213,771 · Management $120,933$334,704
IX-7 Other salaries and wagesPrograms $1,191,939 · Management $1,458,349$2,650,288
IX-8 Pension plan contributionsPrograms $47,380 · Management $58,316$105,696
IX-9 Other employee benefitsPrograms $106,364 · Management $130,914$237,278
IX-10 Payroll taxesPrograms $101,597 · Management $125,047$226,644
IX-11b Legal feesPrograms $56,855$56,855
IX-11c Accounting feesManagement $31,962$31,962
IX-11f Investment management feesManagement $24$24
IX-11g Other fees for servicesPrograms $43,470 · Management $108,332$151,802
IX-12 Advertising and promotionManagement $5,022$5,022
IX-13 Office expensesPrograms $108,756 · Management $82,778$191,534
IX-14 Information technologyManagement $145,899$145,899
IX-16 OccupancyManagement $126,953$126,953
IX-17 TravelPrograms $978,003 · Management $266,390$1,244,393
IX-19 Conferences, conventions and meetingsPrograms $34,384$34,384
IX-22 Depreciation, depletion and amortizationManagement $5,582$5,582
IX-23 InsurancePrograms $1,838,912 · Management $71,716$1,910,628
IX-24 Other expenses (24a–d)Programs $151,830 · Management $187,623$339,453
IX-24e All other expensesPrograms $13,367 · Management $56,294$69,661
IX-25 Total functional expensesPrograms $4,886,628 · Management $2,982,134 · Fundraising $0$7,868,762
Part X · Balance sheet $14,236,601 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $964,227$864,971
X-4 Accounts receivableStart of year $235,970$394,756
X-8 Inventories for sale or useStart of year $136,407$59,281
X-9 Prepaid expenses and deferred chargesStart of year $708,141$732,125
X-10c Land, buildings and equipment, netStart of year $817,561$811,979
X-11 Publicly traded securitiesStart of year $9,753,415$10,869,300
X-15 Other assetsStart of year $206,956$504,189
X-16 Total assetsStart of year $12,822,677$14,236,601
X-17 Accounts payable and accrued expensesStart of year $3,144,958$3,725,096
X-19 Deferred revenueStart of year $93,806$664
X-25 Other liabilities$240,992
X-26 Total liabilitiesStart of year $3,238,764$3,966,752
X-27 Net assets without donor restrictionsStart of year $9,583,913$1,921,065
X-28 Net assets with donor restrictions$8,348,784
X-32 Total net assets or fund balancesStart of year $9,583,913$10,269,849
X-33 Total liabilities and net assetsStart of year $12,822,677$14,236,601
Part XI · Reconciliation of net assets $10,269,849 net assets at year end
XI-1 Total revenue$8,059,440
XI-2 Total expenses$7,868,762
XI-3 Revenue less expenses$190,678
XI-4 Net assets at start of year$9,583,913
XI-5 Net unrealized gains (losses) on investments$495,258
XI-10 Net assets at end of year$10,269,849

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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