Sigma Alpha Epsilon Fraternity
- Assets
- $1.0m
- Revenue
- $239.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 10/1968
- Data as of
- 06/2022
- EIN
- 81-0406791
Organization Overview
Sigma Alpha Epsilon Fraternity, operating under the name Montana Beta Of Sigma Alpha Epsilon, is located in Missoula, MT. The organization was established in 1968. 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. Montana Beta Of Sigma Alpha Epsilon 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, Montana Beta Of Sigma Alpha Epsilon generated $239.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $219.6k during the year ending 06/2022. While expenses have increased by 0.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING A FRATERNITY HOUSE FOR ACTIVE MEMBERS AND ALUMNI OF SIGMA ALPHA EPSILON
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY HOUSE PROVIDES HOUSING FOR 35 ACTIVE MEMBERS AND SERVES AS A SOCIAL POINT FOR ANOTHER 17 PLEDGE MEMBERS AS WELL AS MORE THAN 600 ALUMNI WHO VISIT. THE FRATERNITY PROVIDES COMMUNITY SERVICE PROJECTS FOR THE CITY OF MISSOULA AND SUPPORTS CAMPUS ACTIVITIES WITH VOLUNTEER ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Savage President | OfficerTrustee | 15 | $0 |
John Galen Secretary | OfficerTrustee | 15 | $0 |
Thomas Wenz Treasurer | OfficerTrustee | 15 | $0 |
James Ledakis Board Member | Trustee | 5 | $0 |
John Steich Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,319 |
| Total Program Service Revenue | $33,393 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $156,396 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,108 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $3,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,456 |
| Advertising and promotion | $922 |
| Office expenses | $9,925 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,001 |
| Travel | $3,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,701 |
| Insurance | $11,875 |
| All other expenses | $17,327 |
| Total functional expenses | $219,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,681 |
| Net Land, buildings, and equipment | $913,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,605 |
| Other assets | $15,235 |
| Total assets | $1,027,856 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $480,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400 |
| Total liabilities | $480,400 |
| Net assets without donor restrictions | -$47,046 |
| Net assets with donor restrictions | $594,502 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,027,856 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sigma Alpha Epsilon Fraternity has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Sigma Alpha Epsilon Foundation Evanston, IL PURPOSE: HOUSE LIBRARY GRANT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gamma Phi Beta Sorority Inc Troy, ID | $3,322,518 | $429,970 |
Alpha Gamma Delta Fraternity Moscow, ID | $72,204 | $462,696 |
Pi Sigma Rho Corporation Moscow, ID | $1,268,195 | $440,399 |
Alpha Gamma Delta Fraternity Fargo, ND | $23,646 | $376,626 |
Beta Theta Pi Fraternity Moscow, ID | $153,066 | $415,964 |
Kappa Kappa Gamma Building Co Laramie, WY | $1,571,958 | $348,079 |
Zeta Chi House Corporation Moscow, ID | $646,748 | $346,418 |
Phi Gamma Delta Fraternity Moscow, ID | $77,645 | $377,231 |
Sigma Chi Fraternity Bozeman, MT | $238,516 | $330,869 |
Beta Chi Fraternity Boise, ID | $1,026,663 | $711,935 |
Pi Kappa Alpha Fraternity Polson, MT | $37,614 | $296,751 |
Chi Omega House Corporation Laramie, WY | $749,220 | $273,382 |