Sigma Alpha Epsilon Fraternity FY2020 filing

Not tax-deductible

Cedar Falls, IA501(c)(7)EIN 42-6059650Revenue $121K in FY2020

On file with the IRS1113 West 23rd St, 50613-0000 · Cedar Falls, IATax-exempt since Apr 1969

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To provide room and board to members of the iowa chi chapter of Sigma Alpha Epsilon Fraternity at the university of northern iowa.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average surplus $57K a year · 30% of revenue · last 5 filings
Worth a look: a surplus in 1 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
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$745K
194% of total assets
Concern: liabilities are 194% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$121K
Spent
$141K
To programs
0%
Net assets
−$361K
By yearFY2020–FY2024
Revenue
$121K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$121K
FY2021$107K
FY2022$122K
FY2023$106K
FY2024$483K
Expenses
$141K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$141K
FY2021$144K
FY2022$160K
FY2023$132K
FY2024$76K
Net assets
−$361K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$361K
FY2021−$394K
FY2022−$438K
FY2023−$461K
FY2024−$54K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Apr 1969.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member & Chapter President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Vice President
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$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

Provides housing and meals for fraternity members at the University of Northern Iowa.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To provide room and board to members of the iowa chi chapter of sigma alpha epsilon fraternity at the university of northern iowa.

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 · FY2021
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$121K
Ln 12
Fees for servicesLn 2g$118K
Gifts and grantsLn 1h$2K
Other incomeLn 4–11$690
Money outPt IX
$141K
Ln 25
Owns and owesPt X
−$361K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$384K
LiabilitiesLn 26$745K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$118K
Investment incomeLn 3$9
Other incomeLn 4–11$690
Total revenueLn 12$121K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$374K
Other assetsLn 15$3K
Total assetsLn 16$384K
LiabilitiesLn 26$745K
Net assetsLn 32−$361K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$30K$7K
Land, buildings, equipmentLn 10c$422K$374K
Total assetsLn 16$455K$384K
LiabilitiesLn 26$796K$745K
Net assetsLn 32−$341K−$361K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$38
OccupancyLn 16$84K
Depreciation, depletion and amortizationLn 22$48K
InsuranceLn 23$9K
Total functional expensesLn 25$141K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $483K$76K$407K−$54K 990 PDF
FY2023 $106K$132K−$27K−$461K 990 PDF
FY2022 $122K$160K−$38K−$438K 990 PDF
FY2021 $107K$144K−$37K−$394K 990 PDF
FY2020 Viewing $121K$141K−$20K−$361K 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 FY2020 990 (6 parts)
Part I · Summary $120,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$2,200
I-9 Program service revenuePrior year $118,015$118,015
I-10 Investment incomePrior year $9$9
I-11 Other revenuePrior year $85$690
I-12 Total revenuePrior year $118,109$120,914
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 $140,835$140,835
I-18 Total expensesPrior year $140,835$140,835
I-19 Revenue less expensesPrior year −$22,726−$19,921
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $120,914 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$2,200
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,015 · Unrelated business $0 · Excluded from tax $0$118,015
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $9$9
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $605$605
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $85 · Unrelated business $0 · Excluded from tax $0$85
VIII-12 Total revenueRelated to mission $118,100 · Unrelated business $0 · Excluded from tax $614$120,914
Part IX · Statement of functional expenses $140,835 across 4 lines filed
IX-13 Office expenses$38
IX-16 Occupancy$83,993
IX-22 Depreciation, depletion and amortization$48,085
IX-23 Insurance$8,719
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$140,835
Part X · Balance sheet $384,136 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $4,240$4,407
X-2 Savings and temporary cash investmentsStart of year $26,040$3,008
X-10c Land, buildings and equipment, netStart of year $421,806$373,721
X-15 Other assetsStart of year $3,000$3,000
X-16 Total assetsStart of year $455,086$384,136
X-25 Other liabilitiesStart of year $3,000$3,000
X-26 Total liabilitiesStart of year $796,012$744,947
X-27 Net assets without donor restrictionsStart of year −$340,926−$360,811
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$340,926−$360,811
X-33 Total liabilities and net assetsStart of year $455,086$384,136
Part XI · Reconciliation of net assets −$360,811 net assets at year end
XI-1 Total revenue$120,914
XI-2 Total expenses$140,835
XI-3 Revenue less expenses−$19,921
XI-4 Net assets at start of year−$340,926
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$36
XI-10 Net assets at end of year−$360,811

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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