Sigma Phi Epsilon Fraternity INC

Not tax-deductible

Richmond, VA501(c)(7)Since 1902EIN 54-0379370Revenue $10.6M in FY2025

On file with the IRSsigep.org310 S Arthur Ashe Blvd, 23220-5706 · Richmond, VATax-exempt since Jan 1941

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Sigma Phi epsilon's purpose is to foster friendship, build balanced leaders and develop the bonds of fraternal brotherhood in its members.

Run by 3,343 volunteers and 83 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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 6
filings with a surplus
Average surplus $613K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$314K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31.4M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.6M
+47% vs prior year
Spent
$7.5M
Net assets
$29.3M
By yearFY2020–FY2025
Revenue
$10.6M
FY2025▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.5M
FY2021$7.9M
FY2022$10.3M
FY2023$8.3M
FY2024$7.2M
FY2025$10.6M
Expenses
$7.5M
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$12.2M
FY2021$8.0M
FY2022$8.6M
FY2023$7.6M
FY2024$7.4M
FY2025$7.5M
Net assets
$29.3M
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$20.9M
FY2021$22.8M
FY2022$23.9M
FY2023$25.0M
FY2024$25.5M
FY2025$29.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1941.

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

Who runs it and what they're paid

14 people listed on the 990; $314K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$314,086Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brian C Warren JR$314,086$333,145$283,458$307,238$276,716$212,185

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Empowering individuals to become balanced leaders for global communities.

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Provided by the organization

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2 programs · in their own filed words · FY2024
01

Under the single member LLC, senh provides loans, including collecting interest, to alumni volunteer corporations for houses that our local chapters live in. In addition, provide management for 11 chapter houses, including collecting rents and paying expenses for each of these houses.

Pt IX · col B
02

National membership fraternity of college students and alumni; 190 chapters and approximately 366,000 members and alumni.

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$19K
Grants paid · 5 grants · $2.7M · 2019–2024
Unitemized GrantFY2024$18,000
Unitemized GrantFY2023$25,250
Unitemized GrantFY2022$19,400
Sigep Lead FundVA · FY2020$5,000
Sigep Lead FundVA · FY2019$2,651,750

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$10.6M
Ln 12
Fees for servicesLn 2g$10.1M
Other incomeLn 4–11$471K
Gifts and grantsLn 1h$20K
Money outPt IX
$7.5M
Ln 25
Owns and owesPt X
$29.3M
net assets · Ln 32
Cash and savingsLn 1–2$8.1M
Total assetsLn 16$60.8M
LiabilitiesLn 26$31.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$10.1M
Investment incomeLn 3$5K
Other incomeLn 4–11$471K
Gains on assetsLn 7−$47K
Total revenueLn 12$10.6M
Assets in detailPt X, end of year
CashLn 1$8.1M
Cash and savings togetherLn 1–2$8.1M
InvestmentsLn 11–13$9.0M
Land, buildings, equipmentLn 10c$19.2M
Other assetsLn 15$629K
Total assetsLn 16$60.8M
LiabilitiesLn 26$31.4M
Net assetsLn 32$29.3M
OperationsPt I, VI
EmployeesI 583
VolunteersI 63,343
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$6.3M$8.1M
InvestmentsLn 11–13$7.8M$9.0M
Land, buildings, equipmentLn 10c$19.8M$19.2M
Total assetsLn 16$56.9M$60.8M
LiabilitiesLn 26$31.4M$31.4M
Net assetsLn 32$25.5M$29.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$18K
Pay of current officers, directors and key staffLn 5$359K
Other salaries and wagesLn 7$1.8M
Other employee benefitsLn 9$255K
Payroll taxesLn 10$212K
Legal feesLn 11b$44K
Accounting feesLn 11c$41K
Investment management feesLn 11f$32K
Other fees for servicesLn 11g$9K
Advertising and promotionLn 12$289K
Information technologyLn 14$6K
OccupancyLn 16$581K
TravelLn 17$373K
InterestLn 20$4K
Other expenses (24a–d)Ln 24$3.2M
All other expensesLn 24e$304K
Total functional expensesLn 25$7.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $10.6M$7.5M$3.2M$29.3M 990 PDF
FY2024 $7.2M$7.4M−$127K$25.5M 990 PDF
FY2023 $8.3M$7.6M$771K$25.0M 990 PDF
FY2022 $10.3M$8.6M$1.7M$23.9M 990 PDF
FY2021 $7.9M$8.0M−$79K$22.8M 990 PDF
FY2020 $10.5M$12.2M−$1.7M$20.9M 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 $10,624,115 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,124$20,218
I-9 Program service revenuePrior year $7,448,522$10,132,877
I-10 Investment incomePrior year $28,215−$42,509
I-11 Other revenuePrior year −$260,624$513,529
I-12 Total revenuePrior year $7,235,237$10,624,115
I-13 Grants and similar amounts paidPrior year $25,250$18,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,255,320$2,599,691
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,081,440$4,842,113
I-18 Total expensesPrior year $7,362,010$7,459,804
I-19 Revenue less expensesPrior year −$126,773$3,164,311
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,624,115 across 9 lines filed
Lines not itemized here account for −$104,498 of total revenue; see the IRS return.
VIII-1d Related organizations$20,218
VIII-1h Total contributions, gifts and grants$20,218
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,132,877$10,132,877
VIII-3 Investment incomeExcluded from tax $4,959$4,959
VIII-5 RoyaltiesExcluded from tax $219,290$219,290
VIII-6 Net rental income or lossRelated to mission −$731,860−$731,860
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$47,468−$47,468
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,130,597$1,130,597
VIII-12 Total revenueRelated to mission $10,427,116 · Unrelated business $0 · Excluded from tax $176,781$10,624,115
Part IX · Statement of functional expenses $7,459,804 across 16 lines filed
IX-2 Grants to domestic individuals$18,000
IX-5 Pay of current officers, directors and key staff$359,278
IX-7 Other salaries and wages$1,773,041
IX-9 Other employee benefits$255,433
IX-10 Payroll taxes$211,939
IX-11b Legal fees$44,467
IX-11c Accounting fees$41,070
IX-11f Investment management fees$31,884
IX-11g Other fees for services$9,247
IX-12 Advertising and promotion$288,966
IX-14 Information technology$6,195
IX-16 Occupancy$580,953
IX-17 Travel$373,142
IX-20 Interest$4,440
IX-24 Other expenses (24a–d)$3,157,769
IX-24e All other expenses$303,980
IX-25 Total functional expenses$7,459,804
Part X · Balance sheet $60,775,805 assets, 16 lines filed
Asset lines not itemized here account for $21,817,555; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,280,980$8,147,866
X-4 Accounts receivableStart of year $652,692$744,117
X-8 Inventories for sale or useStart of year $48,104$71,209
X-9 Prepaid expenses and deferred chargesStart of year $1,007,514$1,179,391
X-10c Land, buildings and equipment, netStart of year $19,753,377$19,176,354
X-11 Publicly traded securitiesStart of year $7,824,372$9,004,429
X-14 Intangible assetsStart of year $5,585$5,585
X-15 Other assetsStart of year $521,620$629,299
X-16 Total assetsStart of year $56,920,689$60,775,805
X-17 Accounts payable and accrued expensesStart of year $1,214,586$1,050,921
X-19 Deferred revenueStart of year $1,423,021$249,686
X-25 Other liabilitiesStart of year $7,927,467$10,400,138
X-26 Total liabilitiesStart of year $31,446,324$31,443,979
X-27 Net assets without donor restrictionsStart of year $25,474,365$29,331,826
X-32 Total net assets or fund balancesStart of year $25,474,365$29,331,826
X-33 Total liabilities and net assetsStart of year $56,920,689$60,775,805
Part XI · Reconciliation of net assets $29,331,826 net assets at year end
XI-1 Total revenue$10,624,115
XI-2 Total expenses$7,459,804
XI-3 Revenue less expenses$3,164,311
XI-4 Net assets at start of year$25,474,365
XI-5 Net unrealized gains (losses) on investments$693,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,331,826

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

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