Sigma Phi Epsilon Educational Foundation

Nonprofit profile at a glance

EIN
546053821
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Richmond, VA, USA
Phone
8043531901
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$9,212,112
Expenses
$6,160,460
Assets
$56,682,775
Liabilities
$329,342

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • RICHARD W BENNETT III (PRESIDENT)

People named in this filing

  • CHARLES AMATO (TRUSTEE)
  • CHRISTOPHER BITTMAN (TRUSTEE)
  • MATT ENGELHARDT (TRUSTEE)

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

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2024

To advance the mission of sigma phi epsilon fraternity of "building balanced men" by providing grants to sig ep lead fund to fund the following programs: programs and event staffingcarlson leadership academies: for brothers who have shown a desire to lead their chapter, carlson offers training in leadership techniques, problem-solving as a team, goal-setting and execution. The academy is facilitated by alumni with years of sigep involvemen and senior leadership experience. Chapter leaders leave with increased knowledge and confidence in their ability to create a positive environment for their brothers to grow.ruck leadership institute: an intense 5-day event for the fraternity's top rising leaders. Curriculum is based on the leadership challenge and focuses on teaching the few to impact the many that will follow them.tragos quest to greece scholars: tragos quest to greece: an international experience to discover the birthplace of western civilization and sound mind and body.life after college: life after college engages industry-leading professionals to prepare undergraduates for their future careers. Going beyond a typical campus career center, brothers receive crucial skills training and an understanding of how to translate their sigep involvement to the professional world. Attendess receive one-on-one career coaching as well as education on topics like finanial responsibility, interview skills, resume building and personal goals.

Operating model

Revenue model
Donor-supported. 85% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 79
  • Accountability: 94
  • Sustainability: 88
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.5%; rating input score 51
  • Program expense ratio: 72.8%; rating input score 73
  • Fundraising efficiency: $9.42 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 53.3%; rating input score 53; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.1%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 9.2; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 50.5% of revenue deployed · 72.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $4.5M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Transparency & Controls: Grant itemization coverage scored 53/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.