Civic Intelligence

Sigma Phi Epsilon Fraternity Alumni Inc

990 • Fiscal year 2024 • EIN 41-1348966

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 07, 2024

Organization ProfileN/A
2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.74x

Higher debt load relative to assets than 91% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

1.73x

Higher debt load relative to revenue than 88% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

34th percentile

0.7%

Higher net margin than 34% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-2.7%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,323,663

Down $36,592 (-2.7%) from 2023

Net Assets

Down

$339,494

Down $13,351 (-3.8%) from 2023

Liabilities

Down

$984,169

Down $23,241 (-2.3%) from 2023

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin34th percentile

Revenue

Up

$569,301

Up $52,729 (+10%) from 2023

Expenses

Up

$565,545

Up $40,811 (+7.8%) from 2023

Net Income

Up

$3,756

Up $11,918 (+146%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $855,740Liabilities 2012: $650,301Net Assets 2012: $205,4392012Assets 2013: $890,967Liabilities 2013: $651,861Net Assets 2013: $239,1062013Assets 2014: $878,173Liabilities 2014: $601,125Net Assets 2014: $277,0482014Assets 2015: $838,925Liabilities 2015: $547,394Net Assets 2015: $291,5312015Assets 2016: $855,494Liabilities 2016: $490,528Net Assets 2016: $364,9662016Assets 2017: $1,290,802Liabilities 2017: $895,227Net Assets 2017: $395,5752017Assets 2018: $1,312,393Liabilities 2018: $870,063Net Assets 2018: $442,3302018Assets 2019: $1,243,525Liabilities 2019: $846,707Net Assets 2019: $396,8182019Assets 2020: $1,292,449Liabilities 2020: $816,046Net Assets 2020: $476,4032020Assets 2021: $1,487,775Liabilities 2021: $1,101,208Net Assets 2021: $386,5672021Assets 2022: $1,429,479Liabilities 2022: $1,068,472Net Assets 2022: $361,0072022Assets 2023: $1,360,255Liabilities 2023: $1,007,410Net Assets 2023: $352,8452023Assets 2024: $1,323,663Liabilities 2024: $984,169Net Assets 2024: $339,4942024Assets 2025: $1,247,457Liabilities 2025: $907,596Net Assets 2025: $339,8612025

Highlighted filing

2024

Assets$1,323,663
Liabilities$984,169
Net Assets$339,494
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2012: $303,4602012Expenses 2013: $347,2072013Revenue 2014: $391,826Expenses 2014: $355,635Net Income 2014: $36,1912014Revenue 2015: $397,079Expenses 2015: $381,970Net Income 2015: $15,1092015Revenue 2016: $437,166Expenses 2016: $362,893Net Income 2016: $74,2732016Revenue 2017: $467,037Expenses 2017: $437,768Net Income 2017: $29,2692017Revenue 2018: $500,119Expenses 2018: $453,737Net Income 2018: $46,3822018Revenue 2019: $438,939Expenses 2019: $486,066Net Income 2019: -$47,1272019Revenue 2020: $497,651Expenses 2020: $418,066Net Income 2020: $79,5852020Revenue 2021: $334,423Expenses 2021: $424,259Net Income 2021: -$89,8362021Revenue 2022: $512,768Expenses 2022: $538,328Net Income 2022: -$25,5602022Revenue 2023: $516,572Expenses 2023: $524,734Net Income 2023: -$8,1622023Revenue 2024: $569,301Expenses 2024: $565,545Net Income 2024: $3,7562024Revenue 2025: $311,222Expenses 2025: $305,701Net Income 2025: $5,5212025

Highlighted filing

2024

Revenue$569,301
Expenses$565,545
Net Income$3,756
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$569,301
Mission and Program Overview

Mission

Sigma phi epsilon is a local collegiate social fraternity focused on the development of leadership skills of its membership. The organization conducts, but is not limited to, leadership training, athletics, social events and academic skill building. Membership includes the option of lodging and meals.

Sigma phi epsilon is a local collegiate social fraternity at the university of minnesota focused on the development of leadership skills of its membership. The organization conducts, but is not limited to, leadership training, social events and academic skill building.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,170,464$1,108,262▼ $62,202
Rtn Earn Endowment Incm Other Fnds$352,845$339,494▼ $13,351
Savings and Temporary Cash Investments-$123,618-
Accounts Receivable-$39,830-
Cash and Non-Interest-Bearing Accounts$185,707$37,973▼ $147,734
Intangible Assets$4,084$13,980▲ $9,896
Total Assets$1,360,255$1,323,663▼ $36,592
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,004,410$928,487▼ $75,923
Accounts Payable and Accrued Expenses-$33,707-
Other Liabilities$3,000$21,975▲ $18,975
Total Liabilities$1,007,410$984,169▼ $23,241
Net Assets / Fund Balance
Total Net Assets Fund Balance$352,845$339,494▼ $13,351
Total Liabilities and Net Assets / Fund Balance$1,360,255$1,323,663▼ $36,592

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,004,362$947,569-
Land$100,000--
Equipment$3,900$63,493-
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Jeff SomrockPresident
Danny CzajaTreasurer
Chris VokrackaVP Alumni Relations
Jason SomrockVP Facilities
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$562,152
Investment Income
$342
Other Revenue
$6,807
Change in Net Assets
$3,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$565,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$141,615$0$0$141,615
Depreciation Depletion$65,446$0$0$65,446
Insurance$45,789$0$0$45,789
Interest$33,966$0$0$33,966
Other Expenses$22,316$0$0$22,316
Payments to Affiliates$16,986$0$0$16,986
Office Expenses$10,832$0$0$10,832
Fees for Services Accounting$9,454$0$0$9,454
Conferences and Meetings$4,835$0$0$4,835
All Other Expenses$484$0$0$484
Total Functional Expenses$565,545$0$0$565,545
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Escrow Balance Due$17,993
Member Security Deposits$3,982
Tshirt Fund$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Sigma Phi Epsilon Fraternity Alumni Inc
EIN
41-1348966
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Danny J Czaja Jr
Title
Treasurer
Phone
6126245015
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny J Czaja Jr
Formed
1949
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“Jeff somrock and jason somrock have a family relationship.”

Pt VI, Line 6

“Organization does have members. Member is defined as any person who has been initiated in the mn alpha chapter of sigma phi epsilon fraternity and which person is not an undergraduate at any college or university; or any person who is a member of the national fraternity; or any person who by 75% vote of the trustees is elected to honorary membership of the organization.”

Pt VI, Line 7A

“The governing body of the organization is elected once each year by vote of a majority of the members present at the organizations annual meeting.”

Pt VI, Line 11B

“The form 990 was reviewed by the entire board of directors before it is filed with the irs.”

Pt VI, Line 19

“The organization makes it governing documents, conflict of interest policy, and financial statements available to public only upon request.”

Raw XML Appendix356 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt03900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063493
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt067393
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117993
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23982
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TSHIRT FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ESCROW BALANCE DUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBER SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01108262
IRS990ScheduleD/TotalLiabilityAmt021975
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEFF SOMROCK AND JASON SOMROCK HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION DOES HAVE MEMBERS. MEMBER IS DEFINED AS ANY PERSON WHO HAS BEEN INITIATED IN THE MN ALPHA CHAPTER OF SIGMA PHI EPSILON FRATERNITY AND WHICH PERSON IS NOT AN UNDERGRADUATE AT ANY COLLEGE OR UNIVERSITY; OR ANY PERSON WHO IS A MEMBER OF THE NATIONAL FRATERNITY; OR ANY PERSON WHO BY 75% VOTE OF THE TRUSTEES IS ELECTED TO HONORARY MEMBERSHIP OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING BODY OF THE ORGANIZATION IS ELECTED ONCE EACH YEAR BY VOTE OF A MAJORITY OF THE MEMBERS PRESENT AT THE ORGANIZATIONS ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01360255
IRS990/TotalAssetsEOYAmt01323663
IRS990/TotalAssetsGrp/BOYAmt01360255
IRS990/TotalAssetsGrp/EOYAmt01323663
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0565545
IRS990/TotalFunctionalExpensesGrp/TotalAmt0565545
IRS990/TotalGrossUBIAmt0342
IRS990/TotalLiabilitiesBOYAmt01007410
IRS990/TotalLiabilitiesEOYAmt0984169
IRS990/TotalLiabilitiesGrp/BOYAmt01007410
IRS990/TotalLiabilitiesGrp/EOYAmt0984169
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0352845
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0339494
IRS990/TotalProgramServiceRevenueAmt0562152
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0568959
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0569301
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0342
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01360255
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01323663
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0793 TRAMWAY LANE UNIT N
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087109
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNY J CZAJA JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SIGMA PHI EPSILON FRATERNITY ALUMNI INC
ReturnHeader/Filer/BusinessNameControlTxt0SIGM
ReturnHeader/Filer/EIN0411348966
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02024-11-07T09:56:21-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,323,663
Liabilities
$984,169
Net assets
$339,494
Revenue
$569,301
Expenses
$565,545
Net income
$3,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.91$0.34$0.31$0.31$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.32$0.98$0.34$0.57$0.57$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.36$1.01$0.35$0.52$0.52$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.43$1.07$0.36$0.51$0.54$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.49$1.10$0.39$0.33$0.42$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.82$0.48$0.50$0.42$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.85$0.40$0.44$0.49$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.87$0.44$0.50$0.45$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.29$0.90$0.40$0.47$0.44$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.49$0.36$0.44$0.36$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.55$0.29$0.40$0.38$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.60$0.28$0.39$0.36$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.65$0.24$0.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.65$0.21$0.30