Sigma Alpha Epsilon Fraternity FY2022 filing

Not tax-deductible

Cedar Falls, IA501(c)(7)EIN 42-6059650Revenue $122K in FY2022

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

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FY2022 · 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: 0.8 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
$731K
250% of total assets
Concern: liabilities are 250% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 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
$122K
+14% vs prior year
Spent
$160K
To programs
0%
Net assets
−$438K
By yearFY2020–FY2024
Revenue
$122K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$121K
FY2021$107K
FY2022$122K
FY2023$106K
FY2024$483K
Expenses
$160K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$141K
FY2021$144K
FY2022$160K
FY2023$132K
FY2024$76K
Net assets
−$438K
FY2022▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020−$361K
FY2021−$394K
FY2022−$438K
FY2023−$461K
FY2024−$54K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member & Chapter President
$0Pt VII · Sec A
Alumni Advisor
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Faculty Advisor
$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
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
  • Loans to or from officersSch L · Pt II1 listed

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 · FY2022
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Fees for servicesLn 2g$115K
Gifts and grantsLn 1h$6K
Other incomeLn 4–11$702
Money outPt IX
$160K
Ln 25
Owns and owesPt X
−$438K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$293K
LiabilitiesLn 26$731K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$115K
Investment incomeLn 3$11
Other incomeLn 4–11$702
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$282K
Total assetsLn 16$293K
LiabilitiesLn 26$731K
Net assetsLn 32−$438K
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 FY22End FY22
Cash and savingsLn 1–2$9K$11K
Land, buildings, equipmentLn 10c$326K$282K
Total assetsLn 16$335K$293K
LiabilitiesLn 26$729K$731K
Net assetsLn 32−$394K−$438K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$69K
InterestLn 20$31K
Depreciation, depletion and amortizationLn 22$48K
InsuranceLn 23$12K
Total functional expensesLn 25$160K$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 Viewing $122K$160K−$38K−$438K 990 PDF
FY2021 $107K$144K−$37K−$394K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $121,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,663$6,059
I-9 Program service revenuePrior year $96,448$115,160
I-10 Investment incomePrior year $12$11
I-11 Other revenuePrior year $1,726$702
I-12 Total revenuePrior year $106,849$121,932
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 $144,181$159,597
I-18 Total expensesPrior year $144,181$159,597
I-19 Revenue less expensesPrior year −$37,332−$37,665
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
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 $121,932 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,000
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$3,059
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$6,059
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,160 · Unrelated business $0 · Excluded from tax $0$115,160
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $11$11
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $702$702
VIII-12 Total revenueRelated to mission $115,160 · Unrelated business $0 · Excluded from tax $713$121,932
Part IX · Statement of functional expenses $159,597 across 4 lines filed
IX-16 Occupancy$68,791
IX-20 Interest$30,853
IX-22 Depreciation, depletion and amortization$48,325
IX-23 Insurance$11,628
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$159,597
Part X · Balance sheet $292,881 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $7,871$9,771
X-2 Savings and temporary cash investmentsStart of year $1,009$1,009
X-10c Land, buildings and equipment, netStart of year $325,636$282,101
X-16 Total assetsStart of year $334,516$292,881
X-26 Total liabilitiesStart of year $728,772$731,080
X-27 Net assets without donor restrictionsStart of year −$394,256−$438,199
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$394,256−$438,199
X-33 Total liabilities and net assetsStart of year $334,516$292,881
Part XI · Reconciliation of net assets −$438,199 net assets at year end
XI-1 Total revenue$121,932
XI-2 Total expenses$159,597
XI-3 Revenue less expenses−$37,665
XI-4 Net assets at start of year−$394,256
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−$6,278
XI-10 Net assets at end of year−$438,199

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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