Sigma Phi Epsilon Fraternity Inc is located in Coralville, IA. The organization was established in 1938. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Phi Epsilon Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Sigma Phi Epsilon Fraternity Inc generated $145.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $151.5k during the year ending 06/2022. While expenses have increased by 17.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE FOR MEMBERS TO CONTINUE EDUCATIONAL, SOCIAL AND ENVIRONMENTAL LEARNING.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faheem Mannan President (start Dec 21) | 10 | $0 | |
Garrett Michel President (end Nov 21) | 10 | $0 | |
Will Ciannella VP Of Programming (start Dec 21) | 5 | $0 | |
Michael Tangredi VP Of Programming (end Nov 21) | 5 | $0 | |
Joseph Fiorentino VP Of Finance (start Dec 21) | 5 | $0 | |
Nicholas Engelthaler VP Of Finance (end Nov 21) | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $145,080 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$450 |
| Other Revenue | $0 |
| Total Revenue | $145,630 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,352 |
| Occupancy, rent, utilities, and maintenance | $31,630 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $101,507 |
| Total expenses | $151,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,351 |
| Other assets | $0 |
| Total assets | $31,351 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,351 |