Civic Intelligence

Sigma Phi Epsilon Educational Foundation

990 • Fiscal year 2017 • EIN 54-6053821

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

Organization ProfileWWW.SIGEP.ORG/FOUNDATION

View Organization Page

PO Box 1901Richmond, VA 23218

(804) 353-1901

Siviq Scores

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

Liabilities / Assets

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.20x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

5.5%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$17,572,952

Up $2,431,436 (+16%) from 2016

Net Assets

Up

$16,611,046

Up $3,534,012 (+27%) from 2016

Liabilities

Down

$961,906

Down $1,102,576 (-53%) from 2016

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin89th percentile

Revenue

Up

$4,793,251

Up $248,458 (+5.5%) from 2016

Expenses

Down

$2,728,322

Down $485,757 (-15%) from 2016

Net Income

Up

$2,064,929

Up $734,215 (+55%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$60M$40M$20M$0Assets 2011: $14,337,275Liabilities 2011: $1,704,155Net Assets 2011: $12,633,1202011Assets 2012: $13,492,957Liabilities 2012: $1,859,673Net Assets 2012: $11,633,2842012Assets 2013: $14,378,189Liabilities 2013: $1,650,619Net Assets 2013: $12,727,5702013Assets 2015: $14,487,508Liabilities 2015: $1,504,357Net Assets 2015: $12,983,1512015Assets 2016: $15,141,516Liabilities 2016: $2,064,482Net Assets 2016: $13,077,0342016Assets 2017: $17,572,952Liabilities 2017: $961,906Net Assets 2017: $16,611,0462017Assets 2018: $19,329,212Liabilities 2018: $1,476,466Net Assets 2018: $17,852,7462018Assets 2019: $21,022,073Liabilities 2019: $1,687,714Net Assets 2019: $19,334,3592019Assets 2020: $23,364,201Liabilities 2020: $291,759Net Assets 2020: $23,072,4422020Assets 2021: $31,176,872Liabilities 2021: $224,732Net Assets 2021: $30,952,1402021Assets 2022: $43,580,901Liabilities 2022: $292,980Net Assets 2022: $43,287,9212022Assets 2023: $44,674,912Liabilities 2023: $242,404Net Assets 2023: $44,432,5082023Assets 2024: $48,071,697Liabilities 2024: $597,264Net Assets 2024: $47,474,4332024

Highlighted filing

2017

Assets$17,572,952
Liabilities$961,906
Net Assets$16,611,046
Open 2017 Filing

Operations Trend

Revenue Growth53rd percentile

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

$20M$10M$0-$10MRevenue 2011: $4,304,875Expenses 2011: $4,699,903Net Income 2011: -$395,0282011Revenue 2012: $5,599,743Expenses 2012: $3,026,095Net Income 2012: $2,573,6482012Expenses 2013: $2,588,6032013Revenue 2015: $3,238,712Expenses 2015: $3,194,340Net Income 2015: $44,3722015Revenue 2016: $4,544,793Expenses 2016: $3,214,079Net Income 2016: $1,330,7142016Revenue 2017: $4,793,251Expenses 2017: $2,728,322Net Income 2017: $2,064,9292017Revenue 2018: $4,515,680Expenses 2018: $3,766,911Net Income 2018: $748,7692018Revenue 2019: $3,827,453Expenses 2019: $2,278,584Net Income 2019: $1,548,8692019Revenue 2020: $5,720,976Expenses 2020: $2,190,357Net Income 2020: $3,530,6192020Revenue 2021: $3,895,971Expenses 2021: $1,714,588Net Income 2021: $2,181,3832021Revenue 2022: $18,880,897Expenses 2022: $2,446,678Net Income 2022: $16,434,2192022Revenue 2023: $4,762,895Expenses 2023: $5,880,837Net Income 2023: -$1,117,9422023Revenue 2024: $4,893,173Expenses 2024: $6,186,908Net Income 2024: -$1,293,7352024

Highlighted filing

2017

Revenue$4,793,251
Expenses$2,728,322
Net Income$2,064,929
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$4,840,343
Mission and Program Overview

Mission

To stimulate intellectual achievement, promote morality and citizenship and encourage physical and social development at chapters of sigma phi epsilon fraternity.

The sigma phi epsilon educational foundation advances the mission of the higher education by providing scholarships and grants that support healthy living environments and programs focused on the academic and moral development of undergraduate men.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,185,871$14,342,085▲ $2,156,214
Cash and Non-Interest-Bearing Accounts$820,995$1,368,530▲ $547,535
Land, Buildings, and Equipment, Net$500,251$807,019▲ $306,768
Savings and Temporary Cash Investments$1,221,987$532,905▼ $689,082
Investments Other Securities$38,279$275,865▲ $237,586
Pledges and Grants Receivable$311,508$241,360▼ $70,148
Prepaid Expenses and Deferred Charges$62,625$5,188▼ $57,437
Other Notes and Loans Receivable, Net$0--
Total Assets$15,141,516$17,572,952▲ $2,431,436
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,014$500,014→ $0
Accounts Payable and Accrued Expenses$363,105$263,302▼ $99,803
Other Liabilities$1,201,363$198,590▼ $1,002,773
Deferred Revenue$0$0→ $0
Total Liabilities$2,064,482$961,906▼ $1,102,576
Net Assets / Fund Balance
Permanently Rstr Net Assets$8,006,775$9,132,966▲ $1,126,191
Temporarily Rstr Net Assets$5,561,861$7,402,135▲ $1,840,274
Unrestricted Net Assets$-491,602$75,945▲ $567,547
Total Net Assets Fund Balance$13,077,034$16,611,046▲ $3,534,012
Total Liabilities and Net Assets / Fund Balance$15,141,516$17,572,952▲ $2,431,436

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$799,919-$799,919
Equipment$0$73,270$73,270
Land$7,100--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$7,691,784$1,126,191▲ $942,887-$9,392,823
2015$7,342,199$868,225▼ $229,770$4,375$7,691,784
2014$8,245,076$685,876▲ $18,023$1,314,312$7,342,199
2013$7,457,375$64,095▲ $1,090,996-$8,245,076
2012$6,979,422$87,844▲ $759,717$369,608$7,457,375
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Edward H Hammond PhdPresident
Gary E GriffithTrustee
Michael C WilliamsTrustee
Stephen B Shanklin PhdSecretary
Norman E NabhanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,312,516
Program Service Revenue
$0
Investment Income
$480,735
Other Revenue
$0
All Other Contributions
$4,312,516
Change in Net Assets
$2,064,929

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,793,251
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,003,295
Total Revenue per Audited Statements
$6,796,546
Total Revenue per Form 990
$4,793,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,456,058
Other Expenses$267,957
Total Fundraising Expense$61,610
Salaries, Compensation, and Employee Benefits$4,307
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,151,873--$2,151,873
Grants to Domestic Individuals$304,185--$304,185
Fees for Service Investment Mgmnt Fees-$77,330-$77,330
Fees for Services Other-$69,548-$69,548
Fees for Services Accounting-$27,358-$27,358
Conferences and Meetings-$15,770-$15,770
Interest-$13,083-$13,083
Information Technology--$11,168$11,168
Occupancy-$5,900-$5,900
Fees for Services Legal-$5,340-$5,340
Other Employee Benefits-$4,307-$4,307
Insurance-$1,756-$1,756
Office Expenses-$922-$922
Depreciation Depletion-$440-$440
Other Expenses-$-16,433$50,442$-16,433
Total Functional Expenses$2,456,058$210,654$61,610$2,728,322

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,262,534
Expenses per Audited Statements$2,728,322
Total Expenses per Form 990$2,728,322
Expenses Not Reported on Form 990$534,212
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sigep Lead FundRichmond, VA501(c)(3)Programs and Event Staffing$1,180,221
Varios Sigma Phi Espilon Housing CorporationsRichmond, VA501(c)(7)Residential Learning Communities$796,246
Sigma Phi Epsilon FraternityRichmond, VA501(c)(7)Programs$86,232
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$198,590
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

“The foundation's board of trustees is named by the national board of directors for the fraternity.”

Form 990, Part VI, Section B, Line 11B

“The staff reviews and recommends filing. Chief executive officer and foundation treasurer receive a full copy of the return for review.”

Form 990, Part VI, Section B, Line 12C

“The organization follows the conflict of interest policy set forth by sigma phi epsilon fraternity. Organization members must file a disclosure listing conflicts of interest at the beginning of their service, and annually. When a conflict of interest arises, the staff must withdraw from the decision-making process.”

Form 990, Part VI, Section B, Line 15

“The foundation has no full time employees. All personnel in support of the foundation are employees of the sigma phi epsilon fraternity, a related organization, and are subject to the compensation policies of the fraternity.”

Form 990, Part VI, Section C, Line 19

“Sigma phi epsilon education foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sigma Phi Epsilon Educational Foundation
EIN
54-6053821
Phone
8043531901
Address
PO BOX 1901, RICHMOND, VA 23218

Signing Officer

Name
Brian Warren
Title
Chief Executive Officer
Phone
8043531901
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward H Hammond Phd
Formed
1943
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Keiterstephenshurstgary & Shreavespc
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Virginia R Belcher
Phone
8047470000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adj of actuarial liability for annuities and trusts 42,102.”

Financial Statement Notes

PART X, LINE 2:

“The foundation qualifies as a tax-exempt organization under the internal revenue service code section 501(c)(3). Income which is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate taxes. The foundation did not have net unrelated business income for the year ended june 30, 2017. Management has evaluated the effect of the guidance provided by u.s. Gaap on accounting for uncertainty in income taxes. Management believes the foundation continues to satisfy the requirements of a tax-exempt organization at june 30, 2017. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the foundation had no uncertain income tax positions at june 30, 2017. Management has evaluated the effect of the guidance provided by u.s. Gaap on accounting for uncertainty in income taxes. Management believes the foundation continues to satisfy the requirements of a tax-exempt organization at june 30, 2017. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the foundation had no uncertain income tax positions at june 30, 2017.”

Part V, Line 4

“The foundation's endowment consists of approximately 122 individual named funds established for a variety of purposes including funding scholarships, chapter support and leadership initiatives.”

Raw XML AppendixShowing 400 of 539 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/ActivityOrMissionDesc0THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION ADVANCES THE MISSION OF THE HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS AND GRANTS THAT SUPPORT HEALTHY LIVING ENVIRONMENTS AND PROGRAMS FOCUSED ON THE ACADEMIC AND MORAL DEVELOPMENT OF UNDERGRADUATE MEN.
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IRS990/OtherChangesInNetAssetsAmt042102
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04307
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04307
IRS990/OtherExpensesGrp/Desc0CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE (RECOV
IRS990/OtherExpensesGrp/FundraisingAmt050442
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04908
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1425
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-16433
IRS990/OtherExpensesGrp/TotalAmt050442
IRS990/OtherExpensesGrp/TotalAmt14908
IRS990/OtherExpensesGrp/TotalAmt2425
IRS990/OtherExpensesGrp/TotalAmt3-16433
IRS990/OtherLiabilitiesGrp/BOYAmt01201363
IRS990/OtherLiabilitiesGrp/EOYAmt0198590
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08006775
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt09132966
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0311508
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0241360
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062625
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05188
IRS990/PrincipalOfficerNm0EDWARD H HAMMOND PHD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CHAPTER RESTRICTED & ENDOWED SCHOLARSHIPS - SCHOLARSHIP AWARDS FOR TUITION, BOOKS AND ROOM AND BOARD TO STUDENTS AT CAMPUSES NATIONWIDE, BASED ON ACADEMIC ACHIEVEMENT, CHAPTER LEADERSHIP, CAMPUS AND COMMUNITY SERVICE, AND FINANCIAL NEED. SCHOLARSHIP AWARDS MADE FROM ENDOWMENTS ESTABLISHED FOR A SPECIFIC PURPOSE ARE MADE TO STUDENTS NATIONWIDE FOR TUITION, BOOKS AND ROOM AND BOARD AWARDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0494548
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0494548
IRS990/ProgSrvcAccomActy3Grp/Desc0RESIDENTIAL LEARNING COMMUNITY GRANTS - GRANTS MADE FOR CHAPTER HOUSING THAT EXPANDS FACULTY CONNECTION AND IMPLEMENTS NEW INITIATIVES TO CREATE A LEARNING ENVIRONMENT WHERE STUDENTS ARE SURROUNDED BY RESPONSIBLE PEERS AND UNIVERSITY FACULTY WHO ARE COMMITTED TO HELPING THEM SUCCEED INSIDE AND OUTSIDE THE CLASSROOM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0796246
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0796246
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03525903
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02732213
IRS990/PYInvestmentIncomeAmt01018890
IRS990/PYOtherExpensesAmt0481866
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01330714
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03214079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04544793
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02064929
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01221987
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0532905
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04312516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03525903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02932584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02587090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05119345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018477438
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0527827
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01018220
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0266385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0298340
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0237470
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02348242
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt05686
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05686
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84590
IRS990ScheduleA/PublicSupportPY170Pct00.90170
IRS990ScheduleA/PublicSupportTotal170Amt017620618
IRS990ScheduleA/SubstantialContributorsTotAmt0856820
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04312516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03525903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02932584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02587090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05119345
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018477438
IRS990ScheduleA/TotalSupportAmt020831366
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt07691784
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01126191
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09392823
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0368039
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0942887
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07342199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0868225
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt07691784
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0284495
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-229770
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt04375
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt08245076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0685876
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07342199
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0292464
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018023
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01314312
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt07457375
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt064095
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt08245076
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0367390
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01090996
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt06979422
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt087844
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt07457375
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0759717
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0369608
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0534212
IRS990ScheduleD/DonatedServicesUseFcltsAmt0534212
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0258433
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt073270
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt073270
IRS990ScheduleD/ExpensesNotReportedAmt0534212
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02728322
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt07100
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt07100
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01426981
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0799919
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0799919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0198590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherRevenueAmt042102
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.97230
IRS990ScheduleD/RevenueNotReportedAmt02003295
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04793251
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3). INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE TAXES. THE FOUNDATION DID NOT HAVE NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2017. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2017. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2017. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2017. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 122 INDIVIDUAL NAMED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING FUNDING SCHOLARSHIPS, CHAPTER SUPPORT AND LEADERSHIP INITIATIVES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02770
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0807019
IRS990ScheduleD/TotalExpensesPerForm990Amt02728322
IRS990ScheduleD/TotalLiabilityAmt0198590
IRS990ScheduleD/TotalRevenuePerForm990Amt04793251
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06796546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03262534
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0304185
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0510
IRS990ScheduleI/RecipientTable/CashGrantAmt01180221
IRS990ScheduleI/RecipientTable/CashGrantAmt186232
IRS990ScheduleI/RecipientTable/CashGrantAmt2796246
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(7)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(7)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAMS AND EVENT STAFFING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAMS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESIDENTIAL LEARNING COMMUNITIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SIGEP LEAD FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SIGMA PHI EPSILON FRATERNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VARIOS SIGMA PHI ESPILON HOUSING CORPORATIONS
IRS990ScheduleI/RecipientTable/RecipientEIN0462360689
IRS990ScheduleI/RecipientTable/RecipientEIN1540379370
IRS990ScheduleI/RecipientTable/RecipientEIN2540379370
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0310 S BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1310 S BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2310 S BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RICHMOND
IRS990ScheduleI/RecipientTable/USAddress/CityNm1RICHMOND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2RICHMOND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd023220
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd123220
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd223220
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS MADE TO SIGMA PHI EPSILON ARE SUBJECT TO REPORTING BY THE FRATERNITY. ALL SCHOLARSHIPS ARE AWARDED BASED ON A FORMAL DESIGNATION FORM AND THEN SUBMITTED BY THE ALUMNI VOLUNTEER CORPORATION OF THE RECIPIENT'S CHAPTER. IN MANY CASES, SCHOLARSHIPS FUNDING IS PAID DIRECTLY TO THE INSTITUTION IN WHICH THE MEMBER IS ENROLLED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S BOARD OF TRUSTEES IS NAMED BY THE NATIONAL BOARD OF DIRECTORS FOR THE FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE STAFF REVIEWS AND RECOMMENDS FILING. CHIEF EXECUTIVE OFFICER AND FOUNDATION TREASURER RECEIVE A FULL COPY OF THE RETURN FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION FOLLOWS THE CONFLICT OF INTEREST POLICY SET FORTH BY SIGMA PHI EPSILON FRATERNITY. ORGANIZATION MEMBERS MUST FILE A DISCLOSURE LISTING CONFLICTS OF INTEREST AT THE BEGINNING OF THEIR SERVICE, AND ANNUALLY. WHEN A CONFLICT OF INTEREST ARISES, THE STAFF MUST WITHDRAW FROM THE DECISION-MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS NO FULL TIME EMPLOYEES. ALL PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE SIGMA PHI EPSILON FRATERNITY, A RELATED ORGANIZATION, AND ARE SUBJECT TO THE COMPENSATION POLICIES OF THE FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SIGMA PHI EPSILON EDUCATION FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADJ OF ACTUARIAL LIABILITY FOR ANNUITIES AND TRUSTS 42,102.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,572,952
Liabilities
$961,906
Net assets
$16,611,046
Revenue
$4,793,251
Expenses
$2,728,322
Net income
$2,064,929
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.1$0.60$47.5$4.89$6.19$1.29
2023Detailed filing. Detailed filing data is available for this year.$44.7$0.24$44.4$4.76$5.88$1.12
2022Detailed filing. Detailed filing data is available for this year.$43.6$0.29$43.3$18.9$2.45$16.4
2021Detailed filing. Detailed filing data is available for this year.$31.2$0.22$31.0$3.90$1.71$2.18
2020Detailed filing. Detailed filing data is available for this year.$23.4$0.29$23.1$5.72$2.19$3.53
2019Detailed filing. Detailed filing data is available for this year.$21.0$1.69$19.3$3.83$2.28$1.55
2018Detailed filing. Detailed filing data is available for this year.$19.3$1.48$17.9$4.52$3.77$0.75
2017Detailed filing. Detailed filing data is available for this year.$17.6$0.96$16.6$4.79$2.73$2.06
2016Detailed filing. Detailed filing data is available for this year.$15.1$2.06$13.1$4.54$3.21$1.33
2015Summary only. Only limited summary data is available for this year.$14.5$1.50$13.0$3.24$3.19$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$1.65$12.7$2.59
2012Summary only. Only limited summary data is available for this year.$13.5$1.86$11.6$5.60$3.03$2.57
2011Summary only. Only limited summary data is available for this year.$14.3$1.70$12.6$4.30$4.70$0.40