Sigma Phi Epsilon INC: Nonprofit Profile, Financials & Form 990 (EIN 43-0519063)

Revenue by fiscal year
FY2020	$23K
FY2021	$57K
FY2022	$331K
FY2023	$417K
FY2024	$645K
FY2025	$624K

Expenses by fiscal year
FY2020	$0
FY2021	$0
FY2022	$475K
FY2023	$525K
FY2024	$604K
FY2025	$612K

Net assets by fiscal year
FY2020	$1.8M
FY2021	$1.8M
FY2022	$1.7M
FY2023	$1.6M
FY2024	$1.6M
FY2025	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $612K Management & general 0% · $68

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

David Larusso

Treasurer

$0Pt VII · Sec A

Zach Lovelace

Secretary

$0Pt VII · Sec A

Gregory Pierson

President

$0Pt VII · Sec A

Greg Raeman

Vice Preside

$0Pt VII · Sec A

See Sigma Phi Epsilon INC 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 a brotherhood and leadership development for university students.

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Provided by the organization

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1 program · $612K · in their own filed words · FY2024

01

Provide room & board and social activities for members of the fraternity

$612Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$624K

Ln 12

Fees for servicesLn 2g$612K

Gifts and grantsLn 1h$10K

Investment incomeLn 3$767

Money outPt IX

$612K

Ln 25

Programscol B$612K

Managementcol C$68

Owns and owesPt X

$1.6M

net assets · Ln 32

Cash and savingsLn 1–2$343K

Total assetsLn 16$3.2M

LiabilitiesLn 26$1.5M

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a21

IndependentVI 1b21

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$10K

Fees for servicesLn 2g$612K

Investment incomeLn 3$767

Other incomeLn 4–11$249

Total revenueLn 12$624K

Assets in detailPt X, end of year

CashLn 1$302K

SavingsLn 2$41K

Cash and savings togetherLn 1–2$343K

InvestmentsLn 11–13$31K

Land, buildings, equipmentLn 10c$2.8M

Total assetsLn 16$3.2M

LiabilitiesLn 26$1.5M

Net assetsLn 32$1.6M

OperationsPt I, VI

EmployeesI 51

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$263K	$343K
InvestmentsLn 11–13	$26K	$31K
Land, buildings, equipmentLn 10c	$2.9M	$2.8M
Total assetsLn 16	$3.2M	$3.2M
LiabilitiesLn 26	$1.6M	$1.5M
Net assetsLn 32	$1.6M	$1.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$16K	$16K
Payroll taxesLn 10	$1K	$1K
Accounting feesLn 11c	$16K	$16K
Other fees for servicesLn 11g	$34K	$34K
OccupancyLn 16	$68K	$68K
TravelLn 17	$379	$379
InterestLn 20	$53K	$53K
Depreciation, depletion and amortizationLn 22	$162K	$162K
InsuranceLn 23	$12K	$12K
Other expenses (24a–d)Ln 24	$244K	$244K
All other expensesLn 24e	$5K	$5K	$68
Total functional expensesLn 25	$612K	$612K	$68	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$624K	$612K	$12K	$1.6M	990 PDF
FY2024	$645K	$604K	$42K	$1.6M	990 PDF
FY2023	$417K	$525K	−$108K	$1.6M	990 PDF
FY2022	$331K	$475K	−$144K	$1.7M	990 PDF
FY2021	$57K	$0	$57K	$1.8M	990 PDF
FY2020	$23K	$0	$23K	$1.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $623,592 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $15,690$10,474

I-9 Program service revenuePrior year $624,624$612,102

I-10 Investment incomePrior year $423$767

I-11 Other revenuePrior year $4,715$249

I-12 Total revenuePrior year $645,452$623,592

I-13 Grants and similar amounts paidPrior year $3,000$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $19,267$17,923

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $584,537$593,998

I-18 Total expensesPrior year $606,804$611,921

I-19 Revenue less expensesPrior year $38,648$11,671

Part VI · Governance 21 of 21 board members independent, 4 to look at

VI-1a Voting members of the governing body21

VI-1b Independent voting members21

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 $623,592 across 6 lines filed

VIII-1f All other contributions, gifts and grants$10,474

VIII-1h Total contributions, gifts and grants$10,474

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $612,102$612,102

VIII-3 Investment incomeRelated to mission $767$767

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $249$249

VIII-12 Total revenueRelated to mission $613,118$623,592

Part IX · Statement of functional expenses $611,921 across 11 lines filed

IX-7 Other salaries and wagesPrograms $16,500$16,500

IX-10 Payroll taxesPrograms $1,423$1,423

IX-11c Accounting feesPrograms $16,155$16,155

IX-11g Other fees for servicesPrograms $34,340$34,340

IX-16 OccupancyPrograms $68,198$68,198

IX-17 TravelPrograms $379$379

IX-20 InterestPrograms $53,148$53,148

IX-22 Depreciation, depletion and amortizationPrograms $161,510$161,510

IX-23 InsurancePrograms $11,613$11,613

IX-24 Other expenses (24a–d)Programs $243,834$243,834

IX-24e All other expensesPrograms $4,753 · Management $68$4,821

IX-25 Total functional expensesPrograms $611,853 · Management $68 · Fundraising $0$611,921

Part X · Balance sheet $3,167,375 assets, 11 lines filed

Asset lines not itemized here account for $7,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $262,564$302,118

X-2 Savings and temporary cash investments$41,148

X-4 Accounts receivableStart of year $20$5,154

X-10c Land, buildings and equipment, netStart of year $2,921,894$2,780,860

X-12 Other securitiesStart of year $25,695$31,095

X-16 Total assetsStart of year $3,210,173$3,167,375

X-17 Accounts payable and accrued expensesStart of year $1,583$2,102

X-25 Other liabilitiesStart of year $53,990$51,700

X-26 Total liabilitiesStart of year $1,587,619$1,518,063

X-32 Total net assets or fund balancesStart of year $1,622,554$1,649,312

X-33 Total liabilities and net assetsStart of year $3,210,173$3,167,375

Part XI · Reconciliation of net assets $1,649,312 net assets at year end

XI-1 Total revenue$623,592

XI-2 Total expenses$611,921

XI-3 Revenue less expenses$11,671

XI-4 Net assets at start of year$1,622,554

XI-5 Net unrealized gains (losses) on investments$5,400

XI-9 Other changes in net assets$9,687

XI-10 Net assets at end of year$1,649,312

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

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Sigma Phi Epsilon INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Sigma Phi Epsilon INC

By the numbers

Filing history

Schedules filed Part IV