Civic Intelligence

Sigma Phi Epsilon Educational Foundation of Nebraska

990 • Fiscal year 2017 • EIN 47-0688784

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

9937 Harney PKWYOmaha, NE 68114

(402) 715-5224

Siviq Scores

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

Liabilities / Assets

55th percentile

0.13x

Higher debt load relative to assets than 55% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

142%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,018,284

Up $134,688 (+15%) from 2016

Net Assets

Up

$888,931

Up $5,335 (+0.6%) from 2016

Liabilities

Up

$129,353

Up $129,353 from 2016

Revenue

Up

$52,745

Up $30,979 (+142%) from 2016

Expenses

Up

$47,410

Up $1,848 (+4.1%) from 2016

Net Income

Up

$5,335

Up $29,131 (+122%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $900,292Liabilities 2014: $0Net Assets 2014: $900,2922014Assets 2015: $907,392Liabilities 2015: $0Net Assets 2015: $907,3922015Assets 2016: $883,596Liabilities 2016: $0Net Assets 2016: $883,5962016Assets 2017: $1,018,284Liabilities 2017: $129,353Net Assets 2017: $888,9312017Assets 2018: $789,988Liabilities 2018: $0Net Assets 2018: $789,9882018Assets 2019: $807,517Liabilities 2019: $0Net Assets 2019: $807,5172019Assets 2020: $828,219Liabilities 2020: $0Net Assets 2020: $828,2192020Assets 2021: $802,067Liabilities 2021: $0Net Assets 2021: $802,0672021Assets 2022: $777,847Liabilities 2022: $0Net Assets 2022: $777,8472022Assets 2023: $749,766Liabilities 2023: $0Net Assets 2023: $749,7662023Assets 2024: $756,678Liabilities 2024: $0Net Assets 2024: $756,6782024

Highlighted filing

2017

Assets$1,018,284
Liabilities$129,353
Net Assets$888,931

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $781,926Expenses 2014: $3,888Net Income 2014: $778,0382014Revenue 2015: $20,282Expenses 2015: $13,182Net Income 2015: $7,1002015Revenue 2016: $21,766Expenses 2016: $45,562Net Income 2016: -$23,7962016Revenue 2017: $52,745Expenses 2017: $47,410Net Income 2017: $5,3352017Revenue 2018: $115,066Expenses 2018: $214,009Net Income 2018: -$98,9432018Revenue 2019: $51,603Expenses 2019: $34,074Net Income 2019: $17,5292019Revenue 2020: $58,909Expenses 2020: $48,707Net Income 2020: $10,2022020Revenue 2021: $22,311Expenses 2021: $48,463Net Income 2021: -$26,1522021Revenue 2022: $24,418Expenses 2022: $48,638Net Income 2022: -$24,2202022Revenue 2023: $19,785Expenses 2023: $47,866Net Income 2023: -$28,0812023Revenue 2024: $55,307Expenses 2024: $48,395Net Income 2024: $6,9122024

Highlighted filing

2017

Revenue$52,745
Expenses$47,410
Net Income$5,335
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$107,939
Mission and Program Overview

Mission

Provide educational and scholarship support for Sigma Phi Epsilon Fraternity and university students.

Provide educational and scholarship support for university students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$883,596$888,931▲ $5,335
Investments in Publicly Traded Securities$523,721$563,151▲ $39,430
Savings and Temporary Cash Investments$355,655$258,820▼ $96,835
Receivable From Disqualified Prsn-$193,674-
Cash and Non-Interest-Bearing Accounts$4,220$2,639▼ $1,581
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$883,596$1,018,284▲ $134,688
Other Assets Total-$0-
Liabilities
Other Liabilities-$129,353-
Total Liabilities$0$129,353▲ $129,353
Net Assets / Fund Balance
Total Net Assets Fund Balance$883,596$888,931▲ $5,335
Total Liabilities and Net Assets / Fund Balance$883,596$1,018,284▲ $134,688
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ryan MendlikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,980
Program Service Revenue
$0
Investment Income
$21,765
Other Revenue
$0
All Other Contributions
$30,980
Change in Net Assets
$5,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$39,750
Other Expenses$7,660
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$39,750--$39,750
Fees for Service Investment Mgmnt Fees-$5,959-$5,959
Fees for Services Accounting-$1,600-$1,600
Fees for Services Other-$101-$101
Total Functional Expenses$39,750$7,660$0$47,410
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sigma Phi EpsilonLincoln, NE-To provide fellow and scholar funds$33,750
University of NebraskaLincoln, NE-To provide scholarships money$6,000
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sigma Phi Epsilon AlumniContractors RecOther receivableNo$193,674
Sigma Phi Epsilon AlumniRelated PartyOther liabilityNo$129,353

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$193,674-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$129,353
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Line 11B: Form 990 Review Process

Review of the final return was performed by the Treasurer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Part VI, Section A, Line 2

Chad Adams, President and member of the board of directors, and Todd Adams, member of the board of directors, have a family relationship and a business relationship.

Part VI, Section A, Line 9

Chad Adams, President and Director - 136 North Hillcrest, Ogallala, NE 69153Todd Adams, Director - 1224 Beal Street, Ogallala, NE 69153

Filing and Contact Details

Filer

Filer Name
Sigma Phi Epsilon Educational Foundation
EIN
47-0688784
Phone
4027155224
Address
9937 Harney PKWY, Omaha, NE 68114

Signing Officer

Name
Ryan Mendlik
Title
Treasurer
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Mendlik
Formed
1991
Legal Domicile
Ne
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
McFarlin & Brokke PC
Address
1910 South 72nd St Suite 200, Omaha, NE 68124-1734
Preparer
Michael Smith II
Phone
4023419441
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

To support the faculty fellow fund for university students.To support the resident scholar fund for university students.

Raw XML Appendix380 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/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
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IRS990/InformationTechnologyGrp/TotalAmt00
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IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/IRPDocumentCnt00
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IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Prior Year Facts and Circumstances: The [Sigma Phi Epsilon Educational Foundation of Nebraska, Inc.] (the Educational Foundation) meets the over 10% support test through various methods of public fundraising and public donors. The intent of the fundraising is to aid University students through scholarships and grants to University personnel to provide additional educational support. The board is well represented by community leaders throughout Nebraska, including Omaha and Ogallala. The Educational Foundation has broadly solicited donations from the public through mailings and other ad-hoc solicitations. Due to a large, one-time donation to endow its efforts, the organization receives a meaningful amount of investment income which warrants the documentation of this facts and circumstances test.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0During 2013, the organization received contributions of unusual grants in the amount of $775,000 from a single donor.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Other Income Explanation
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide fellow and scholar funds
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1To provide scholarships money
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Sigma Phi Epsilon
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1University of Nebraska
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0601 N 16th Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13835 Holdrege Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Lincoln
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Lincoln
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068508
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd168503
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Sigma Phi Epsilon Alumni
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Sigma Phi Epsilon Alumni
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Related Party
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Contractors Rec
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0129353
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1193674
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Other liability
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Other receivable
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0As a part of a building improvement project at the Sigma Phi Epsilon (Sig Ep) fraternity house on the University of Nebraska Campus in Lincoln, the Sig Ep Foundation in Nebraska (Alumni Foundation), a separate but related 501(c)(2) started fundraising efforts and paying contractors for house improvements during the fiscal year ended June 30, 2017.During year-end Form 990 preparation, the outside accountant discovered payments to contractors and money received during the year in the Educational Foundation account that related to the building improvements. These transactions should have occurred in the Alumni Foundations account. After making the treasurer and board aware of these transactions, management decided to request refunds from the contractors to fully refund the Educational Foundation and refund the previous transfers back to the Alumni Foundation, restoring the Educational Foundation funds to the level they had before the disbursements occurred. The Alumni Foundation will then pay the contractors to make them whole. To record these transactions in the current year, management has recorded a receivable from the contractors and a liability to the Alumni Foundation. The receivable and liability will be satisfied when the funds are moved in the fiscal year ending June 30, 2018.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To support the faculty fellow fund for university students.To support the resident scholar fund for university students.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Review of the final return was performed by the Treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Chad Adams, President and member of the board of directors, and Todd Adams, member of the board of directors, have a family relationship and a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Chad Adams, President and Director - 136 North Hillcrest, Ogallala, NE 69153Todd Adams, Director - 1224 Beal Street, Ogallala, NE 69153
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI, Section A, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0true
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0883596
IRS990/TotalAssetsEOYAmt01018284
IRS990/TotalAssetsGrp/BOYAmt0883596
IRS990/TotalAssetsGrp/EOYAmt01018284
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt030980
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07660
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt039750
IRS990/TotalFunctionalExpensesGrp/TotalAmt047410
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0129353
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0129353
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0883596
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0888931
IRS990/TotalProgramServiceExpensesAmt039750
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt016342
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05423
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt052745
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0883596
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01018284
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt09937 Harney PKWY
IRS990/USAddress/CityNm0Omaha
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068114
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ryan Mendlik
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sigma Phi Epsilon Educational Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0of Nebraska Inc
ReturnHeader/Filer/BusinessNameControlTxt0SIGM
ReturnHeader/Filer/EIN0470688784
ReturnHeader/Filer/PhoneNum04027155224
ReturnHeader/Filer/USAddress/AddressLine1Txt09937 Harney PKWY
ReturnHeader/Filer/USAddress/CityNm0Omaha
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068114
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0McFarlin & Brokke PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01910 South 72nd St Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Omaha
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681241734
ReturnHeader/PreparerPersonGrp/PhoneNum04023419441
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Smith II
ReturnHeader/ReturnTs02017-11-14T06:35:37-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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