Fargo Alumni Association of Sigma Alpha Epsilon Fraternity

Address
PO Box 1147
Fargo, ND 58107
Contact
Phone: +1 (701) 640-4160
Nonprofit
EIN: 23-7213741
Year formed: 1939

Mission

To hold title to a chapter house for the SAE Fraternity at NDSU, and collect rent for the purpose of payment on mortgages, notes, repairs, and any other Chapter activities which are relevant.
 2017
Basic features of the organization
Year of formation1939
Subsection code02
PF filing required0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$1,380.00
Sum of reportable (W2/1099) compensation$1,380.00
Number of employees0
Number of people compensated >$100k0
Number of volunteers25
Number of highly compensated contractors0
Personnel
Bateman, Beau
TitleChairman
Name of key/compensated personBeau Bateman
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Blank, Kyle
TitleBoard Member
Name of key/compensated personKyle Blank
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Burgum, Doug
TitleTreasurer (Through April 2017)
Name of key/compensated personDoug Burgum
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Daggett, Fred
TitleBoard Member
Name of key/compensated personFred Daggett
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Gunkelman, John
TitleBoard Member
Name of key/compensated personJohn Gunkelman
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Johnson, Ralph
TitleSecretary
Name of key/compensated personRalph Johnson
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org1.00
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Maris, Grant
TitleBoard Member
Name of key/compensated personGrant Maris
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Miller, Courtland
TitleTreasurer
Name of key/compensated personCourtland Miller
Position of compensated person
Current individual trustee or directorTrue
Current officerTrue
Average hours per week working for org1.00
Reportable compensation from org$1,380.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Miller, Perry
TitleBoard Member
Name of key/compensated personPerry Miller
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Nelson, John
TitleBoard Member
Name of key/compensated personJohn Nelson
Position of compensated person
Current individual trustee or directorTrue
Average hours per week working for org0.10
Reportable compensation from org$0.00
Other comp, non-reportable, from org and related orgs$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo hold title to a chapter house for the SAE Fraternity at NDSU, and collect rent for the purpose of payment on mortgages, notes, repairs, and any other Chapter activities which are relevant.
Programs, including revenue & expenses
The Fargo Alumni Association of Sigma Alpha Epsilon Fraternity held title to a chapter house for the SAE Fraternity at NDSU. Rents were collected from 25 residents in 19 of the 19 bedrooms with 25 of 33 total beds occupied. The fraternity's average GPA is 3.03. Major goals for the house include increasing the chapter house occupancy and average GPA above a 3.25.
Program descriptionThe Fargo Alumni Association of Sigma Alpha Epsilon Fraternity held title to a chapter house for the SAE Fraternity at NDSU. Rents were collected from 25 residents in 19 of the 19 bedrooms with 25 of 33 total beds occupied. The fraternity's average GPA is 3.03. Major goals for the house include increasing the chapter house occupancy and average GPA above a 3.25.
Financial data
Revenue
Total revenue$121,079.00
Revenue from contributions (total)$94,410.00
Revenue from noncash contributions$9,070.00
Investment income, current yr$0.00
Total revenue from grants, etc., current yr$94,410.00
Total unrelated business revenue$0.00
Other revenue, current yr$2,669.00
Net unrelated business taxable revenue$0.00
Program service revenue (total)$24,000.00
Gross receipts$129,984.00
Sources of contributions
Revenue from fundraising events$2,035.00
Revenue from all other contributions$92,375.00
Other types of revenue
Net revenue from gaming (total)$310.00
Net income from fundraising events$2,359.00
Expense categories (totals)
Total functional expenses: sum of all$90,659.00
Fees for services
Fundraising service fees (total)$6,988.00
Assets and liabilities
Total assets$946,871.00
Total assets, beginning of year$990,305.00
Total liabilities$60,684.00
Total liabilities, beginning of year$134,538.00
Net assets$886,187.00
Net assets, beginning of year$855,767.00
Other financial variables
Revenue less expenses$30,420.00
Advertising (total)$2,574.00
Savings & temp cash investment$17,245.00
Secured mortgages and notes payable$60,684.00
Total net assets or fund balances$886,187.00
Depreciation, depletion, amortization$40,280.00
Governance and accountability
Number of voting members8
Number of independent voting members8
Relationships among key personnelTrue
Cash accountingTrue
Tax year start date2016-07-01
Tax year end date2017-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990
Date e-filing submitted2018-03-09
IRS schema version2016v3.0
Filing identifier201810239349300201
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