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Sigma Alpha Epsilon Fraternity FY2023 filing

Not tax-deductible

Granger, IA501(c)(7)EIN 42-0524675Revenue $107K in FY2023

On file with the IRS11011 Nw 123rd St, 50109-4700 · Granger, IATax-exempt since Nov 1940

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Provide leadership, scholarship, service and social experience for members to excel.

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

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
1 of 6
filings with a surplus
Average deficit $28K a year · 23% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$194K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
+32% vs prior year
Spent
$181K
To programs
97%
Net assets
$987K
By yearFY2020–FY2025
Revenue
$107K
FY2023▲ +32%
Tap a bar for its year
Revenue by fiscal year
FY2020$123K
FY2021$104K
FY2022$81K
FY2023$107K
FY2024$156K
FY2025$163K
Expenses
$181K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$118K
FY2022$170K
FY2023$181K
FY2024$172K
FY2025$120K
Net assets
$987K
FY2023▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.1M
FY2023$987K
FY2024$971K
FY2025$1.0M

From the FY2023 Form 990 (year ending July 2023) · see the original

Form 990 (PDF) Claim
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

97 cents of each dollar spent went to programs.

Program services 97% · $176K Management & general 3% · $5K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Jared Deahr
Director
$0Pt VII · Sec A
Derek Flowers
President
$0Pt VII · Sec A
Brad Jensen
Director
$0Pt VII · Sec A
Scott Kundel
Treasurer
$0Pt VII · Sec A
Dan Lewis
Director
$0Pt VII · Sec A
Adam Peuse
Director
$0Pt VII · Sec A
See Sigma Alpha Epsilon Fraternity 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 15aNo

Programs and updates

Develops leaders through scholarships, service, and social engagement for member success.

Questions for Sigma Alpha Epsilon Fraternity

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Provided by the organization

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1 program · $176K · in their own filed words · FY2022
01

Provide room and board to college students and expose them to leadership, scholarship, service and social experiences they need to excel.

$176Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$107K
Ln 12
Fees for servicesLn 2g$107K
Money outPt IX
$181K
Ln 25
Programscol B$176K
Managementcol C$5K
Owns and owesPt X
$987K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.2M
LiabilitiesLn 26$194K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$107K
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$194K
Net assetsLn 32$987K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9K$23K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$164K$194K
Net assetsLn 32$1.1M$987K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$4K$805$3K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$62$62
OccupancyLn 16$115K$115K
Depreciation, depletion and amortizationLn 22$58K$58K
Total functional expensesLn 25$181K$176K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $163K$120K$43K$1.0M 990 PDF
FY2024 $156K$172K−$16K$971K 990 PDF
FY2023 Viewing $107K$181K−$75K$987K 990 PDF
FY2022 $81K$170K−$89K$1.1M 990 PDF
FY2021 $104K$118K−$14K$1.1M 990 PDF
FY2020 $123K$138K−$16K$1.2M 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 FY2023 990 (6 parts)
Part I · Summary $106,707 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $80,778$106,707
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $80,778$106,707
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $169,807$181,381
I-18 Total expensesPrior year $169,807$181,381
I-19 Revenue less expensesPrior year −$89,029−$74,674
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $106,707 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $106,707$106,707
VIII-12 Total revenueRelated to mission $106,707$106,707
Part IX · Statement of functional expenses $181,381 across 6 lines filed
IX-11c Accounting feesManagement $1,650$1,650
IX-11g Other fees for servicesPrograms $805 · Management $3,234$4,039
IX-12 Advertising and promotionPrograms $2,003$2,003
IX-13 Office expensesPrograms $62$62
IX-16 OccupancyPrograms $115,244$115,244
IX-22 Depreciation, depletion and amortizationPrograms $58,383$58,383
IX-25 Total functional expensesPrograms $176,497 · Management $4,884 · Fundraising $0$181,381
Part X · Balance sheet $1,180,595 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $9,410$23,022
X-10c Land, buildings and equipment, netStart of year $1,214,731$1,157,573
X-16 Total assetsStart of year $1,224,141$1,180,595
X-26 Total liabilitiesStart of year $163,707$193,609
X-32 Total net assets or fund balancesStart of year $1,060,434$986,986
X-33 Total liabilities and net assetsStart of year $1,224,141$1,180,595
Part XI · Reconciliation of net assets $986,986 net assets at year end
XI-1 Total revenue$106,707
XI-2 Total expenses$181,381
XI-3 Revenue less expenses−$74,674
XI-4 Net assets at start of year$1,060,434
XI-8 Prior period adjustments$409
XI-9 Other changes in net assets$817
XI-10 Net assets at end of year$986,986

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

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