Civic Intelligence

Minnesota Alpha Association of Sigma Alpha Epsilon Fraternity

990 • Fiscal year 2023 • EIN 41-1464808

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 26, 2023

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

68th percentile

0.17x

Higher debt load relative to assets than 68% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.47x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

28th percentile

-2.4%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

63rd percentile

6.0%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

4.6%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$540,815

Up $30,696 (+6.0%) from 2022

Net Assets

Down

$451,160

Down $4,519 (-1.0%) from 2022

Liabilities

Up

$89,655

Up $35,215 (+65%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin28th percentile

Revenue

Up

$192,275

Up $8,450 (+4.6%) from 2022

Expenses

Up

$196,795

Up $14,880 (+8.2%) from 2022

Net Income

Down

-$4,520

Down $6,430 (-337%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2023

Assets$540,815
Liabilities$89,655
Net Assets$451,160
Open 2023 Filing

Operations Trend

Revenue Growth43rd 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

2023

Revenue$192,275
Expenses$196,795
Net Income-$4,520
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 26, 2023
Return Version
2022v5.0
Gross Receipts
$192,275
Mission and Program Overview

Mission

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

Provide collegiate fraternity housing, environment, and activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$438,572$530,900▲ $92,328
Rtn Earn Endowment Incm Other Fnds$455,679$451,160▼ $4,519
Accounts Receivable-$4,894-
Cash and Non-Interest-Bearing Accounts$47,762$4,148▼ $43,614
Total Assets$510,119$540,815▲ $30,696
Other Assets Total$23,785$873▼ $22,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$40,467$86,367▲ $45,900
Accounts Payable and Accrued Expenses$13,973$3,288▼ $10,685
Total Liabilities$54,440$89,655▲ $35,215
Net Assets / Fund Balance
Total Net Assets Fund Balance$455,679$451,160▼ $4,519
Total Liabilities and Net Assets / Fund Balance$510,119$540,815▲ $30,696

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$390,255$643,710-
Other Land Buildings$47,860--
Land$8,270--
Equipment$84,515$213,448-
Compensation and Service Providers
Top Officer Pay88th percentile

Board Members and Trustees

NameTitle
Nicholas LindahlPresident/treasurer
Charlie BennetDirector
DOUG O'LEARYDirector
Geoff AllenDirector
James DurdaDirector
Jeff JohnsonDirector
Michael KenefickDirector
Peter BoosalisDirector
Peter KenefickDirector
Thomas JohnsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$50
Program Service Revenue
$192,200
Investment Income
$25
Other Revenue
$0
All Other Contributions
$50
Change in Net Assets
$-4,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,798
Salaries, Compensation, and Employee Benefits$46,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$60,028$0$0$60,028
Depreciation Depletion$46,038$0$0$46,038
Other Salaries and Wages$43,707$0$0$43,707
Insurance$18,834$0$0$18,834
Conferences and Meetings$6,094$0$0$6,094
Fees for Services Accounting$4,340$0$0$4,340
Interest$3,111$0$0$3,111
Payroll Taxes$2,581$0$0$2,581
Office Expenses$1,932$0$0$1,932
Other Expenses$1,080$0$0$1,080
Other Employee Benefits$709$0$0$709
Total Functional Expenses$196,795$0$0$196,795
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
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
Filing and Contact Details

Filer

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

Signing Officer

Name
Nicholas Lindahl
Title
Treasurer/president
Phone
6126245015
Signed
2023-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Lindahl
Formed
1902
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
13
Volunteers
10

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

“Two of the directors, peter kenefick and michael kenefick are father and son”

Pt VI, Line 7A

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

Pt VI, Line 11B

“The treasurer/president reviews the 990 before signing and filing. A copy is then provided to the governing body”

Pt VI, Line 19

“The organization's governing documents and financial statements are made available upon request”

Pt XI

“Change in equity is a result of rounding”

Pt VI, Line 8B

“The board does not have any committees”

Pt VI, Line 6

“Members are the current board directors (10)and the undergraduate chapter (1)”

Raw XML Appendix381 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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IRS990/PYTotalRevenueAmt0183825
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0451160
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0390255
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0643710
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01033965
IRS990ScheduleD/EquipmentGrp/BookValueAmt084515
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0213448
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0297963
IRS990ScheduleD/LandGrp/BookValueAmt08270
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt08270
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt047860
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt047860
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0530900
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE DIRECTORS, PETER KENEFICK AND MICHAEL KENEFICK ARE FATHER AND SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS THE POWER TO ELECT DIRECTORS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER/PRESIDENT REVIEWS THE 990 BEFORE SIGNING AND FILING. A COPY IS THEN PROVIDED TO THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN EQUITY IS A RESULT OF ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD DOES NOT HAVE ANY COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Members are the current board directors (10)and the undergraduate chapter (1)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 6
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196795
IRS990/TotalFunctionalExpensesGrp/TotalAmt0196795
IRS990/TotalGrossUBIAmt025
IRS990/TotalLiabilitiesBOYAmt054440
IRS990/TotalLiabilitiesEOYAmt089655
IRS990/TotalLiabilitiesGrp/BOYAmt054440
IRS990/TotalLiabilitiesGrp/EOYAmt089655
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0455679
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0451160
IRS990/TotalProgramServiceRevenueAmt0192200
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt025
IRS990/TotalVolunteersCnt010
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0540815
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IRS990/USAddress/AddressLine1Txt0406 RIVER STREET
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055401
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS LINDAHL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA ALPHA ASSOCIATION OF SIGMA ALPHA EPSILON FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411464808
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/PreparationDt02023-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02023-09-26T09:58:29-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NICHOLAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LINDAHL
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$540,815
Liabilities
$89,655
Net assets
$451,160
Revenue
$192,275
Expenses
$196,795
Net income
-$4,520
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