Sigma Alpha Epsilon Foundation FY2021 filing

Tax-deductible

Evanston, IL501(c)(3)Since 1927EducationEIN 36-2170145

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To support its members and their chapters to help fulfill their educational aspirations and goals; to promote programs teaching leadership, scholarship, and personal development; and to ensure the presevation of Levere Memorial Temple.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $1.2M a year · 28% 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $39K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$425K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
+99% vs prior year
Spent
$3.3M
To programs
72%
Net assets
$22.8M
By yearFY2020–FY2024
Revenue
$6.0M
FY2021▲ +99%
Revenue by fiscal year
FY2020$3.0M
FY2021$6.0M
FY2022$4.1M
FY2023$3.3M
FY2024$3.9M
FY2024$4.7M
Expenses
$3.3M
FY2021▲ +45%
Expenses by fiscal year
FY2020$2.3M
FY2021$3.3M
FY2022$2.5M
FY2023$2.7M
FY2024$3.8M
FY2024$2.9M
Net assets
$22.8M
FY2021▲ +24%
Net assets by fiscal year
FY2020$18.4M
FY2021$22.8M
FY2022$20.9M
FY2023$23.2M
FY2024$25.5M
FY2024$28.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1930.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $2.4M Management & general 15% · $503K Fundraising 13% · $429K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
SR Director-
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sigma Alpha Epsilon Foundation executive salaries →

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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

Promotes leadership, scholarship, and personal development programs to help members achieve educational goals.

Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2020
01

Funds used to aid fraternity chapters in maintaining the scholarship and educational portions of their houses.

$1.6Mprogram expense
02

Funds used to support the operation and preservation of the levere memorial temple.

$315Kprogram expense
03

Financial aid provided for scholarships and financial assistance to sigma alpha epsilon collegiates.

$121Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$39K
See all 4 funders →
Grants paid · 54 grants · $7.7M · 2019–2024
Unitemized GrantFY2024$432,656
Illinois Beta Housing LLCFY2024$35,000
North Dakota Alpha Housing LLCFY2024$19,319
Kansas Gamma Sae Building & Education FoundationKS · FY2024$10,000
Unitemized GrantFY2023$275,499
Iowa Delta Alumni AssocIA · FY2023$199,166
See all 54 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Investment incomeLn 3$3.1M
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$150K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.4M
Managementcol C$503K
Fundraisingcol D$429K
Owns and owesPt X
$22.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$23.2M
LiabilitiesLn 26$425K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$150K
Investment incomeLn 3$3.1M
Other incomeLn 4–11$119
Gains on assetsLn 7$2.8M
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$20.2M
Land, buildings, equipmentLn 10c$1.9M
Total assetsLn 16$23.2M
LiabilitiesLn 26$425K
Net assetsLn 32$22.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6220
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 FY21End FY21
Cash and savingsLn 1–2$1.1M$1.0M
InvestmentsLn 11–13$15.4M$20.2M
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$18.7M$23.2M
LiabilitiesLn 26$209K$425K
Net assetsLn 32$18.4M$22.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Grants to domestic individualsLn 2$208K$208K
Management feesLn 11a$526K$184K$242K$101K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$28K$28K
Investment management feesLn 11f$32K$32K
Other fees for servicesLn 11g$213K$73K$140K
Office expensesLn 13$149K$15K$7K$126K
Information technologyLn 14$20K$20K
OccupancyLn 16$141K$141K
TravelLn 17$18K$18K$105
InterestLn 20$33K$723$32K
Depreciation, depletion and amortizationLn 22$86K$86K
InsuranceLn 23$112K$92K$20K
Other expenses (24a–d)Ln 24$84K$8K$49K$28K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$3.3M$2.4M$503K$429K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.9M$3.8M$153K$25.5M 990 PDF
FY2023 $3.3M$2.7M$632K$23.2M 990 PDF
FY2022 $4.1M$2.5M$1.6M$20.9M 990 PDF
FY2021 Viewing $6.0M$3.3M$2.7M$22.8M 990 PDF
FY2020 $3.0M$2.3M$726K$18.4M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $6,022,292 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,745,576
VIII-1h Total contributions, gifts and grants$2,745,576
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $150,000$150,000
VIII-3 Investment incomeExcluded from tax $370,094$370,094
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,756,503$2,756,503
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $119$119
VIII-12 Total revenueRelated to mission $2,756,622 · Excluded from tax $520,094$6,022,292
Part IX · Statement of functional expenses $3,338,472 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,672,340$1,672,340
IX-2 Grants to domestic individualsPrograms $208,304$208,304
IX-11a Management feesPrograms $184,221 · Management $241,518 · Fundraising $100,661$526,400
IX-11b Legal feesManagement $13,330$13,330
IX-11c Accounting feesManagement $28,200$28,200
IX-11f Investment management feesManagement $32,336$32,336
IX-11g Other fees for servicesManagement $73,204 · Fundraising $139,871$213,075
IX-13 Office expensesPrograms $15,464 · Management $7,391 · Fundraising $126,051$148,906
IX-14 Information technologyManagement $19,950$19,950
IX-16 OccupancyPrograms $140,722$140,722
IX-17 TravelManagement $17,678 · Fundraising $105$17,783
IX-20 InterestManagement $723 · Fundraising $32,427$33,150
IX-22 Depreciation, depletion and amortizationPrograms $86,453$86,453
IX-23 InsurancePrograms $91,790 · Management $19,946$111,736
IX-24 Other expenses (24a–d)Programs $7,519 · Management $48,768 · Fundraising $28,100$84,387
IX-24e All other expensesFundraising $1,400$1,400
IX-25 Total functional expensesPrograms $2,406,813 · Management $503,044 · Fundraising $428,615$3,338,472
Part X · Balance sheet $23,237,112 assets, 13 lines filed
Asset lines not itemized here account for $15,629; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,120,863$1,042,985
X-3 Pledges and grants receivableStart of year $1,699$12,900
X-9 Prepaid expenses and deferred chargesStart of year $63,918$71,043
X-10c Land, buildings and equipment, netStart of year $1,991,652$1,905,199
X-11 Publicly traded securitiesStart of year $15,416,698$20,189,356
X-16 Total assetsStart of year $18,656,401$23,237,112
X-17 Accounts payable and accrued expensesStart of year $162,020$277,985
X-25 Other liabilitiesStart of year $47,039$147,337
X-26 Total liabilitiesStart of year $209,059$425,322
X-27 Net assets without donor restrictionsStart of year $1,492,615$2,225,299
X-28 Net assets with donor restrictionsStart of year $16,954,727$20,586,491
X-32 Total net assets or fund balancesStart of year $18,447,342$22,811,790
X-33 Total liabilities and net assetsStart of year $18,656,401$23,237,112
Part XI · Reconciliation of net assets $22,811,790 net assets at year end
XI-1 Total revenue$6,022,292
XI-2 Total expenses$3,338,472
XI-3 Revenue less expenses$2,683,820
XI-4 Net assets at start of year$18,447,342
XI-5 Net unrealized gains (losses) on investments$1,680,628
XI-10 Net assets at end of year$22,811,790

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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