Sigma Alpha Epsilon EIN 63-0188870 Form 990 (PDF) Claim this org

Sigma Alpha Epsilon FY2024 filing

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Promotes friendship, scholarship, and service based on ideals of "The True Gentleman." For fiscal year 2024 it reported $494K in revenue, $527K in expenses, and $-10K in net assets.Pt I

Type
Mutual-benefit / member-serving · Nonprofit
Location
Tuscaloosa, AL
Website
www.saeepsilon.org/mu
Filings
5 on file (2021–2024)
Revenue
$494KFY2024
Expenses
$527K
Net assets
$-10K
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  63-0188870 Mutual-benefit / member-serving Tuscaloosa, AL
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes friendship, scholarship, and service based on ideals of "The True Gentleman."
Leadership
Calvin Wilbanks · National Affairs Chair · $2K
Money in and out
$494K revenue, $527K expenses
Bottom line
-7% surplus margin
Reported financial activity · FY2024
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$527K
Pt IX · Ln 25
Net assets
$-10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$33K
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$494K
FY2024-0.1%
Expenses
$527K
FY2024▲ +6%
Total assets
$28K
FY2024▼ -57%
Total liabilities
$38K
FY2024▼ -12%
Total revenue
$494K
Pt VIII · Ln 12
Total expenses
$527K
Pt IX · Ln 25
Net assets
$-10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$33K
Total assetsPt X · Ln 16$28K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSigma Alpha Epsilon
EINHdr · item D63-0188870
Principal addressHdr · item CTuscaloosa, AL
WebsiteHdr · item Jwww.saeepsilon.org/mu
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1940

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
National Affairs Chair
$1,500Pt VII · Sec A
House Manager
$1,500Pt VII · Sec A
President
$500Pt VII · Sec A
Vice President
$500Pt VII · Sec A
Judicial Chair
$500Pt VII · Sec A
New Member Educator
$0Pt VII · Sec A
Risk Mgmt Chair
$0Pt VII · Sec A
Food Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Henry Jurgovan$1,500$500
Guy Hughes$1,500
Charles Crommelin$1,500
Calvin Wilbanks$1,500
Will McCowan$600
Mac McCowan$500
Rogers McDougal$500
Jack Harris$500

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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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Chapter Activities

Provided chapter programming for members of undergraduate chapter of national collegiate social fraternity.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$494K
Investment income$15
Total revenueLn 12$494K

Balance Sheet

Part X · end of year
CashLn 1$28K
Total assetsLn 16$28K
Total liabilitiesLn 26$38K
Total net assetsLn 32$-10K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $28K · Operating expenses/yr $527K
0.6 months
Where the money goes
Program services
Program services — · Total expenses $527K
Management & General
Management & general — · Total expenses $527K
Fundraising
Fundraising — · Total expenses $527K
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $494K
0%
Government reliance
Government grants — · Total revenue $494K
Earned-income share
Program service revenue $494K · Total revenue $494K
100%
Investment reliance
Investment income $15 · Total revenue $494K
<0.01%
Program self-sufficiency
Program service revenue $494K · Total expenses $527K
94%
Growth & trend
Revenue growth (YoY)
This year $494K · Prior year $495K
-0.1%
Net-asset trend (YoY)
End of year $-10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $494K · Expenses $527K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $28K
Net-asset ratio
Net assets $-10K · Total assets $28K
-36%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $28K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Charles Crommelin · Reported title HOUSE MANAGER · Highest reported compensation $2K · Total expenses $527K
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29K · Total expenses $527K
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -0.1%
Accounting fee ratio 0.9%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $128K · 2020–2024
Players ProvisionsAL · FY2024$15,963
Players ProvisionsAL · FY2023$11,814
Fleur De QueLA · FY2022$18,000
Players ProvisionsAL · FY2021$25,474
Livelikelou FoundationOH · FY2021$5,835
Nick's Kids Foundation INCFL · FY2020$22,180

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$480K revenue · ⤓ 990 PDF
FY2024$494K revenue · viewing · ⤓ 990 PDF
FY2023$495K revenue · ⤓ 990 PDF
FY2022$407K revenue · ⤓ 990 PDF
FY2021$362K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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