Civic Intelligence

Minnesota Alpha Association of Sigma Alpha Epsilon Fraternity

990 • Fiscal year 2020 • EIN 41-1464808

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 13, 2020

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

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.47x

Higher debt load relative to revenue than 70% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2020

Asset Growth

32nd percentile

-2.1%

Faster asset growth than 32% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

75th percentile

4.7%

Faster revenue growth than 75% of similar nonprofits.

2020 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$615,270

Down $13,506 (-2.1%) from 2019

Net Assets

Up

$523,322

Up $27,896 (+5.6%) from 2019

Liabilities

Down

$91,948

Down $41,402 (-31%) from 2019

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin70th percentile

Revenue

Up

$196,583

Up $8,815 (+4.7%) from 2019

Expenses

Down

$168,687

Down $37,862 (-18%) from 2019

Net Income

Up

$27,896

Up $46,677 (+249%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $731,296Liabilities 2011: $23,366Net Assets 2011: $707,9302011Assets 2012: $796,135Liabilities 2012: $33,051Net Assets 2012: $763,0842012Assets 2013: $780,480Liabilities 2013: $9,189Net Assets 2013: $771,2912013Assets 2014: $828,811Liabilities 2014: $16,433Net Assets 2014: $812,3782014Assets 2015: $878,150Liabilities 2015: $11,245Net Assets 2015: $866,9052015Assets 2016: $662,267Liabilities 2016: $107,310Net Assets 2016: $554,9572016Assets 2017: $653,445Liabilities 2017: $135,275Net Assets 2017: $518,1702017Assets 2018: $658,441Liabilities 2018: $144,233Net Assets 2018: $514,2082018Assets 2019: $628,776Liabilities 2019: $133,350Net Assets 2019: $495,4262019Assets 2020: $615,270Liabilities 2020: $91,948Net Assets 2020: $523,3222020Assets 2021: $495,486Liabilities 2021: $41,717Net Assets 2021: $453,7692021Assets 2022: $510,119Liabilities 2022: $54,440Net Assets 2022: $455,6792022Assets 2023: $540,815Liabilities 2023: $89,655Net Assets 2023: $451,1602023Assets 2024: $1,031,002Liabilities 2024: $502,190Net Assets 2024: $528,8122024Assets 2025: $1,726,710Liabilities 2025: $1,165,171Net Assets 2025: $561,5392025

Highlighted filing

2020

Assets$615,270
Liabilities$91,948
Net Assets$523,322
Open 2020 Filing

Operations Trend

Revenue Growth75th percentile

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $159,483Expenses 2011: $86,452Net Income 2011: $73,0312011Revenue 2012: $193,090Expenses 2012: $137,936Net Income 2012: $55,1542012Revenue 2013: $202,753Expenses 2013: $194,545Net Income 2013: $8,2082013Revenue 2014: $368,168Expenses 2014: $327,082Net Income 2014: $41,0862014Revenue 2015: $357,533Expenses 2015: $303,005Net Income 2015: $54,5282015Revenue 2016: $38Expenses 2016: $311,986Net Income 2016: -$311,9482016Revenue 2017: $102,908Expenses 2017: $139,696Net Income 2017: -$36,7882017Revenue 2018: $158,971Expenses 2018: $162,932Net Income 2018: -$3,9612018Revenue 2019: $187,768Expenses 2019: $206,549Net Income 2019: -$18,7812019Revenue 2020: $196,583Expenses 2020: $168,687Net Income 2020: $27,8962020Revenue 2021: $179,054Expenses 2021: $248,607Net Income 2021: -$69,5532021Revenue 2022: $183,825Expenses 2022: $181,915Net Income 2022: $1,9102022Revenue 2023: $192,275Expenses 2023: $196,795Net Income 2023: -$4,5202023Revenue 2024: $412,901Expenses 2024: $335,248Net Income 2024: $77,6532024Revenue 2025: $358,745Expenses 2025: $326,018Net Income 2025: $32,7272025

Highlighted filing

2020

Revenue$196,583
Expenses$168,687
Net Income$27,896
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 13, 2020
Return Version
2019v5.0
Gross Receipts
$196,583
Mission and Program Overview

Mission

Provide collegiate fraternity housing, environment, and activities to its members and their guests.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$495,426$523,322▲ $27,896
Land, Buildings, and Equipment, Net$457,084$431,658▼ $25,426
Accounts Receivable$105,605$106,830▲ $1,225
Savings and Temporary Cash Investments$63,491$76,782▲ $13,291
Prepaid Expenses and Deferred Charges$648--
Total Assets$628,776$615,270▼ $13,506
Other Assets Total$1,948--
Liabilities
Mortgage Notes Payable Secured by Investment Property$130,451$90,451▼ $40,000
Accounts Payable and Accrued Expenses$2,899$1,497▼ $1,402
Total Liabilities$133,350$91,948▼ $41,402
Net Assets / Fund Balance
Total Net Assets Fund Balance$495,426$523,322▲ $27,896
Total Liabilities and Net Assets / Fund Balance$628,776$615,270▼ $13,506

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$318,919$574,147$893,066
Equipment$104,469$224,717$329,186
Land$8,270-$8,270
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Nicholas LindaPresident/trea
Charlie BennetDirector
Doug OlearyDirector
Geoff AllneDirector
Jeff JohnsonDirector
Michael KenefiDirector
Peter BoosalisDirector
Peter KenefickDirector
Thomas JohnsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$196,519
Investment Income
$64
Other Revenue
$0
Change in Net Assets
$27,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,134
Salaries, Compensation, and Employee Benefits$32,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$39,573
Occupancy---$38,828
Other Salaries and Wages---$30,100
Other Expenses---$19,206
Insurance---$12,854
Interest---$6,433
Fees for Services Accounting---$3,489
Payroll Taxes---$2,453
Office Expenses---$1,964
Conferences and Meetings---$633
Fees for Services Legal---$500
Information Technology---$264
Total Functional Expenses$0$0$0$168,687
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Governance Explanations

Form 990 - Part VI - Section A - Line 2

“Peter and michael kenefick are father and son and are each directors”

Form 990 - Part VI - Section A - Line 7

“The board of directors has the power to elect new directors and the officers”

Form 990 - Part VI - Line 11

“The 990 is reviewed and signed by an officer of the corporation. A copy is then provided to the governing body”

Form 990 - Part VI - Line 19

“The organizations governing documents and financial statements are made available upon request”

Filing and Contact Details

Filer

Filer Name
Sigma Alpha Epsilon Fraternity
EIN
41-1464808
Phone
6126245015
Address
2221 UNIVERSITY AVE SE SUITE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Nicholas Lindahl
Title
President/treasurer
Signed
2020-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Lindahl
Formed
1902
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
Fraternity Purchasing Associ
Address
2221 UNIVERSITY AVE SE SUITE 111, MINNEAPOLIS, MN 55414
Preparer
Ruth M Enge
Phone
6126245015
Supplemental Narrative

Additional Explanations

Form 990 - Part I Line 1

“Provide, operate & maintain housing for use and benefit of alpha chapter of sigma alpha epsilon fraternity. Aid, foster and promote educational, health & safety of members of alpha chapter of sigma alpha epsilon fraternity at the u of mn”

Raw XML Appendix331 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE, OPERATE & MAINTAIN HOUSING FOR USE AND BENEFIT OF ALPHA CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY. AID, FOSTER AND PROMOTE EDUCATIONAL, HEALTH & SAFETY OF MEMBERS OF ALPHA CHAPTER OF SIGMA ALPHA EPSILON FRATERNITY AT THE U OF MN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PETER AND MICHAEL KENEFICK ARE FATHER AND SON AND ARE EACH DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS HAS THE POWER TO ELECT NEW DIRECTORS AND THE OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED AND SIGNED BY AN OFFICER OF THE CORPORATION. A COPY IS THEN PROVIDED TO THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - PART I LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - PART VI - SECTION A - LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 - PART VI - SECTION A - LINE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 - PART VI - LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 - PART VI - LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0628776
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168687
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IRS990/TotalProgramServiceRevenueAmt0196519
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196583
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ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTH M ENGE
ReturnHeader/ReturnTs02020-10-14T10:28:05-05:00
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ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$615,270
Liabilities
$91,948
Net assets
$523,322
Revenue
$196,583
Expenses
$168,687
Net income
$27,896
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.73$1.17$0.56$0.36$0.33$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.03$0.50$0.53$0.41$0.34$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.09$0.45$0.19$0.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.46$0.18$0.18$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.04$0.45$0.18$0.25$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.09$0.52$0.20$0.17$0.03
2019Summary only. Only limited summary data is available for this year.$0.63$0.13$0.50$0.19$0.21$0.02
2018Summary only. Only limited summary data is available for this year.$0.66$0.14$0.51$0.16$0.16$0.00
2017Summary only. Only limited summary data is available for this year.$0.65$0.14$0.52$0.10$0.14$0.04
2016Summary only. Only limited summary data is available for this year.$0.66$0.11$0.55$0.00$0.31$0.31
2015Summary only. Only limited summary data is available for this year.$0.88$0.01$0.87$0.36$0.30$0.05
2014Summary only. Only limited summary data is available for this year.$0.83$0.02$0.81$0.37$0.33$0.04
2013Summary only. Only limited summary data is available for this year.$0.78$0.01$0.77$0.20$0.19$0.01
2012Summary only. Only limited summary data is available for this year.$0.80$0.03$0.76$0.19$0.14$0.06
2011Summary only. Only limited summary data is available for this year.$0.73$0.02$0.71$0.16$0.09$0.07