Sigma Alpha Epsilon Fraternity

Not tax-deductible

Des Moines, IA501(c)(7)EIN 42-0887635Revenue $198K in FY2025

On file with the IRS5707 Kingman Ave, 50311-2005 · Des Moines, IATax-exempt since Nov 1940

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To own operate and maintain a chapter house for the drake university chapter of Sigma Alpha Epsilon Fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2025 · 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
3 of 5
filings with a surplus
Average surplus $1K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $199K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$405K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$198K
-39% vs prior year
Spent
$171K
To programs
0%
Net assets
$681K
By yearFY2021–FY2025
Revenue
$198K
FY2025▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2021$231K
FY2022$70K
FY2023$87K
FY2024$324K
FY2025$198K
Expenses
$171K
FY2025▼ -19%
Tap a bar for its year
Expenses by fiscal year
FY2021$202K
FY2022$184K
FY2023$136K
FY2024$210K
FY2025$171K
Net assets
$681K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$704K
FY2022$589K
FY2023$540K
FY2024$654K
FY2025$681K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

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

What each dollar paid for.

Management & general 100% · $171K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Presidnt Operations
$0Pt VII · Sec A
Corresponding Secretary
$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

Operates and maintains a chapter house for Drake University's Sigma Alpha Epsilon fraternity.

Provided by the organization

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1 program · in their own filed words · FY2024
01

The organization is to help own and operate a chapter house to include dues and payment of utilities to maintain that house

Pt IX · col B

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$199K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$198K
Ln 12
Gifts and grantsLn 1h$192K
Investment incomeLn 3$6K
Money outPt IX
$171K
Ln 25
Managementcol C$171K
Owns and owesPt X
$681K
net assets · Ln 32
Cash and savingsLn 1–2$210K
Total assetsLn 16$1.1M
LiabilitiesLn 26$405K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$6K
Total revenueLn 12$198K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$206K
Cash and savings togetherLn 1–2$210K
Land, buildings, equipmentLn 10c$877K
Total assetsLn 16$1.1M
LiabilitiesLn 26$405K
Net assetsLn 32$681K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$155K$210K
Land, buildings, equipmentLn 10c$934K$877K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$436K$405K
Net assetsLn 32$654K$681K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$416$416
Office expensesLn 13$100$100
OccupancyLn 16$59K$59K
TravelLn 17$300$300
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$27K$0$27K$0
Total functional expensesLn 25$171K$0$171K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $198K$171K$27K$681K 990 PDF
FY2024 $324K$210K$114K$654K 990 PDF
FY2023 $87K$136K−$49K$540K 990 PDF
FY2022 $70K$184K−$114K$589K 990 PDF
FY2021 $231K$202K$29K$704K 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 FY2025 990 (6 parts)
Part I · Summary $198,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $320,723$191,814
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,642$6,346
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $324,365$198,160
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $210,443$170,674
I-18 Total expensesPrior year $210,443$170,674
I-19 Revenue less expensesPrior year $113,922$27,486
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $198,160 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$191,814
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$191,814
VIII-3 Investment incomeRelated to mission $6,346 · Unrelated business $0 · Excluded from tax $0$6,346
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $6,346 · Unrelated business $0 · Excluded from tax $0$198,160
Part IX · Statement of functional expenses $170,674 across 8 lines filed
IX-11c Accounting feesManagement $416$416
IX-13 Office expensesManagement $100$100
IX-16 OccupancyManagement $58,770$58,770
IX-17 TravelManagement $300$300
IX-20 InterestManagement $14,543$14,543
IX-22 Depreciation, depletion and amortizationManagement $57,577$57,577
IX-23 InsuranceManagement $11,555$11,555
IX-24 Other expenses (24a–d)Programs $0 · Management $27,413 · Fundraising $0$27,413
IX-25 Total functional expensesPrograms $0 · Management $170,674 · Fundraising $0$170,674
Part X · Balance sheet $1,086,397 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $181$3,250
X-2 Savings and temporary cash investmentsStart of year $155,225$206,325
X-10c Land, buildings and equipment, netStart of year $934,400$876,822
X-16 Total assetsStart of year $1,089,806$1,086,397
X-26 Total liabilitiesStart of year $435,911$405,017
X-27 Net assets without donor restrictionsStart of year $653,895$681,380
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $653,895$681,380
X-33 Total liabilities and net assetsStart of year $1,089,806$1,086,397
Part XI · Reconciliation of net assets $681,380 net assets at year end
XI-1 Total revenue$198,160
XI-2 Total expenses$170,674
XI-3 Revenue less expenses$27,486
XI-4 Net assets at start of year$653,895
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$681,380

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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