Indiana Eta Alumni Corporation of Sigma Phi Epsilon

Nonprofit profile at a glance

EIN
356050938
IRS 990-EZ coverage
2019–2021
Forms available
Form 990-EZ 2021, Form 990-N 2018
Location
Fort Wayne, IN, USA
Phone
4196950322
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$81,794
Expenses
$31,240
Assets
$497,802
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Darrin Abraham (President)

People named in this filing

  • Darrin Abraham (President)
  • Patrick Stevenson (Treasurer)
  • AJ Karnitis (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Volunteer Board service a college fraternity chapter. Assisting with living areas, helping to send undergraduates to learning programs offered by national fraternity.

What it reported doing in 2021

Balanced Man Scholarship: A scholarship awarded to freshman male college students based on academics, community service, and extracurricular activity.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 85
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.6%; rating input score 1
  • Program expense ratio: 1.6%; rating input score 2

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 61.8%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 15.93; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -94.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -36.2% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 0.6% of revenue deployed · 1.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $500 in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2019 to 2021
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.