Civic Intelligence

Minnesota Alpha Association of Sigma Alpha Epsilon Fraternity

990 • Fiscal year 2024 • EIN 41-1464808

Jul 01, 2023 to Jun 30, 2024 • Filed on May 10, 2025

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

78th percentile

0.49x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

1.22x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

78th percentile

19%

Higher net margin than 78% 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

98th percentile

91%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

97th percentile

115%

Faster revenue growth than 97% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,031,002

Up $490,187 (+91%) from 2023

Net Assets

Up

$528,812

Up $77,652 (+17%) from 2023

Liabilities

Up

$502,190

Up $412,535 (+460%) from 2023

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin78th percentile

Revenue

Up

$412,901

Up $220,626 (+115%) from 2023

Expenses

Up

$335,248

Up $138,453 (+70%) from 2023

Net Income

Up

$77,653

Up $82,173 (+1818%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2024

Assets$1,031,002
Liabilities$502,190
Net Assets$528,812
Open 2024 Filing

Operations Trend

Revenue Growth97th 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

2024

Revenue$412,901
Expenses$335,248
Net Income$77,653
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 10, 2025
Return Version
2023v6.0
Gross Receipts
$412,901
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$530,900$942,470▲ $411,570
Rtn Earn Endowment Incm Other Fnds$451,160$528,812▲ $77,652
Accounts Receivable$4,894$54,650▲ $49,756
Cash and Non-Interest-Bearing Accounts$4,148$27,270▲ $23,122
Total Assets$540,815$1,031,002▲ $490,187
Other Assets Total$873$6,612▲ $5,739
Liabilities
Mortgage Notes Payable Secured by Investment Property$86,367$500,000▲ $413,633
Accounts Payable and Accrued Expenses$3,288$2,190▼ $1,098
Total Liabilities$89,655$502,190▲ $412,535
Net Assets / Fund Balance
Total Net Assets Fund Balance$451,160$528,812▲ $77,652
Total Liabilities and Net Assets / Fund Balance$540,815$1,031,002▲ $490,187

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$762,481$319,946-
Other Land Buildings$20,000--
Land$8,270--
Equipment$151,719$185,254-
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$170,224
Program Service Revenue
$242,650
Investment Income
$27
Other Revenue
$0
All Other Contributions
$170,224
Change in Net Assets
$77,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$284,042
Salaries, Compensation, and Employee Benefits$51,206
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$160,452$0$0$160,452
Other Salaries and Wages$48,137$0$0$48,137
Depreciation Depletion$46,930$0$0$46,930
Interest$31,246$0$0$31,246
Insurance$21,329$0$0$21,329
Other Expenses$7,258$0$0$7,258
Fees for Services Accounting$4,476$0$0$4,476
Fees for Services Legal$3,551$0$0$3,551
Payroll Taxes$3,069$0$0$3,069
Conferences and Meetings$2,058$0$0$2,058
Office Expenses$668$0$0$668
Total Functional Expenses$335,248$0$0$335,248
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
President
Phone
6126245015
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicholas Lindahl
Formed
1902
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
12
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 organizations 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 members”

Raw XML Appendix379 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/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0528812
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0762481
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0319946
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01082427
IRS990ScheduleD/EquipmentGrp/BookValueAmt0151719
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0185254
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0336973
IRS990ScheduleD/LandGrp/BookValueAmt08270
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt08270
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt020000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0942470
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 ORGANIZATIONS 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 members
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/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0540815
IRS990/TotalAssetsEOYAmt01031002
IRS990/TotalAssetsGrp/BOYAmt0540815
IRS990/TotalAssetsGrp/EOYAmt01031002
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IRS990/TotalContributionsAmt0170224
IRS990/TotalEmployeeCnt012
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0335248
IRS990/TotalFunctionalExpensesGrp/TotalAmt0335248
IRS990/TotalGrossUBIAmt027
IRS990/TotalLiabilitiesBOYAmt089655
IRS990/TotalLiabilitiesEOYAmt0502190
IRS990/TotalLiabilitiesGrp/BOYAmt089655
IRS990/TotalLiabilitiesGrp/EOYAmt0502190
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0451160
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0528812
IRS990/TotalProgramServiceRevenueAmt0242650
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0242650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0412901
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt027
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01031002
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IRS990/USAddress/AddressLine1Txt0406 RIVER STREET
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055401
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICHOLAS LINDAHL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-10
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/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02025-05-12T07:36:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,031,002
Liabilities
$502,190
Net assets
$528,812
Revenue
$412,901
Expenses
$335,248
Net income
$77,653
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