Sigma Phi Epsilon Fraternity Ok Beta Chapter FY2023 filing

Not tax-deductible

Edmond, OK501(c)(7)EIN 73-0582629Revenue $329K in FY2023

On file with the IRSPo Box 30005, 73003-0001 · Edmond, OKTax-exempt since Mar 1967

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Housing for undergraduate Fraternity.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average surplus $2K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$329K
+14% vs prior year
Spent
$320K
To programs
100%
Net assets
$103K
By yearFY2020–FY2024
Revenue
$329K
FY2023▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2021$170K
FY2022$287K
FY2023$329K
FY2024$325K
FY2024$400K
Expenses
$320K
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$165K
FY2021$200K
FY2022$246K
FY2023$320K
FY2024$328K
FY2024$387K
Net assets
$103K
FY2023▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$83K
FY2021$53K
FY2022$94K
FY2023$103K
FY2024$99K
FY2024$113K

From the FY2023 Form 990 (year ending August 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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 Mar 1967.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $320K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
VP Programmi
$0Pt VII · Sec A
$0Pt VII · Sec A
VP Brotherho
$0Pt VII · Sec A
$0Pt VII · Sec A
VP Communica
$0Pt VII · Sec A
President
$0Pt VII · Sec A
House Manage
$0Pt VII · Sec A
VP Rush
$0Pt VII · Sec A
See Sigma Phi Epsilon Fraternity Ok Beta Chapter 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 for undergraduate fraternity members.

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Provided by the organization

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1 program · $320K · in their own filed words · FY2022
01

Approximately 79 men were provided housing at the university of oklahoma.

$320Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$305K
Other incomeLn 4–11$23K
Money outPt IX
$320K
Ln 25
Programscol B$320K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$305K
Other incomeLn 4–11$23K
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$103K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$0
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$94K$103K
Total assetsLn 16$94K$103K
LiabilitiesLn 26$0$0
Net assetsLn 32$94K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$35K$35K
Payroll taxesLn 10$3K$3K
InsuranceLn 23$625$625
Other expenses (24a–d)Ln 24$240K$240K
All other expensesLn 24e$42K$42K
Total functional expensesLn 25$320K$320K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $325K$328K−$3K$99K 990 PDF
FY2023 Viewing $329K$320K$9K$103K 990 PDF
FY2022 $287K$246K$41K$94K 990 PDF
FY2021 $170K$200K−$30K$53K 990 PDF
FY2020 $158K$165K−$7K$83K 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 FY2023 990 (6 parts)
Part I · Summary $328,695 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,421$0
I-9 Program service revenuePrior year $282,691$305,199
I-10 Investment income$0
I-11 Other revenue$23,496
I-12 Total revenuePrior year $287,112$328,695
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,243$37,247
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $209,571$282,319
I-18 Total expensesPrior year $245,814$319,566
I-19 Revenue less expensesPrior year $41,298$9,129
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $328,695 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,199$305,199
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,496$23,496
VIII-12 Total revenueRelated to mission $328,695$328,695
Part IX · Statement of functional expenses $319,566 across 5 lines filed
IX-7 Other salaries and wagesPrograms $34,600$34,600
IX-10 Payroll taxesPrograms $2,647$2,647
IX-23 InsurancePrograms $625$625
IX-24 Other expenses (24a–d)Programs $239,984$239,984
IX-24e All other expensesPrograms $41,710$41,710
IX-25 Total functional expensesPrograms $319,566 · Management $0 · Fundraising $0$319,566
Part X · Balance sheet $102,941 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $93,812$102,941
X-16 Total assetsStart of year $93,812$102,941
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $93,812$102,941
X-33 Total liabilities and net assetsStart of year $93,812$102,941
Part XI · Reconciliation of net assets $102,941 net assets at year end
XI-1 Total revenue$328,695
XI-2 Total expenses$319,566
XI-3 Revenue less expenses$9,129
XI-4 Net assets at start of year$93,812
XI-10 Net assets at end of year$102,941

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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