Overview
What is Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity?
The Fargo Alumni Association of Sigma Alpha Epsilon Fraternity is a nonprofit organization situated in Fargo, North Dakota. Their primary function is to manage the ownership of the chapter house for the Sigma Alpha Epsilon Fraternity at North Dakota State University (NDSU). They collect rent from the house's residents, utilizing the funds for mortgage and note payments, repairs, and other chapter-related activities. The association currently houses 23 residents in 19 out of 19 bedrooms, with 22 out of 33 beds occupied. Their goal is to increase the house's occupancy and maintain an average GPA above 3.25 for the chapter members.
Is Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity legitimate?
Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity is a legitimate nonprofit organization registered as a 501(c)(2) entity. Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity?
The Fargo Alumni Association of Sigma Alpha Epsilon Fraternity's mission is primarily focused on managing the chapter house for the SAE Fraternity at a specific university. Their primary responsibilities include collecting rent, which is utilized for paying off mortgages, notes, and funding necessary repairs and other chapter-related activities. Their ongoing objectives include increasing the occupancy rate of the chapter house and raising the average GPA of its residents above 3.25.
Who is the CEO of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity?
William Bateman is the Chairman of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity.
What is the revenue of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity?
Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity's revenue in 2022 was $2,300,545.
Who are the executives of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity and what are their salaries?
There 20 volunteers at Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity.
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Where can I find the form 990 for Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity?
Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity
The Fargo Alumni Association of Sigma Alpha Epsilon Fraternity is tasked with maintaining ownership of a chapter house for the Sigma Alpha Epsilon Fraternity at North Dakota State University (NDSU). Their primary objective is to use the rent collected from the residence to cover various expenses, including mortgage payments, loan repayments, repairs, and funding for other chapter activities. The association's mission is geared towards ensuring the chapter house remains in good condition and serves as a functional space for the fraternity's members.
Moreover, the Fargo Alumni Association of Sigma Alpha Epsilon Fraternity has two key goals: enhancing the chapter house occupancy and improving the fraternity's academic performance. They aim to increase the number of residents living in the house and strive for an average GPA above 3.25 for the fraternity members. This mission demonstrates the organization's commitment to supporting the Sigma Alpha Epsilon Fraternity at NDSU, ensuring a positive living environment and fostering academic success among its members.
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Impact
October, 2024
The Fargo Alumni Association of Sigma Alpha Epsilon Fraternity significantly impacts both its members and the wider community by providing a supportive living environment for students at North Dakota State University. By maintaining a chapter house, the association ensures that fraternity members have a dedicated space that fosters brotherhood, academic achievement, and personal growth.
With a consistent focus on fiscal responsibility, the association effectively manages the collection of rent from residents, facilitating the maintenance and operation of the chapter house. This financial stability allows for necessary repairs and improvements, creating a welcoming and functional space for current and future members.
Academically, the fraternity demonstrates a commitment to excellence, as reflected in their average GPA of 3.00. The association strives to enhance academic performance, aiming to raise the average GPA to above 3.25. By prioritizing educational success, the Fraternity not only contributes to the individual growth of its members but also positively impacts the reputation of the fraternity as a whole.
Moreover, through community improvement efforts, the association plays a vital role in strengthening the sense of community at NDSU and within Fargo. The engagement of fraternity members in various activities and initiatives fosters leadership skills while promoting goodwill and collaboration among students.
Overall, the Fargo Alumni Association of Sigma Alpha Epsilon Fraternity influences its members' lives through a focus on academic performance, community engagement, and a commitment to creating a supportive and enriching environment at NDSU.
This information is meant to be a general summary of Fargo Alumni Association Of Sigma Alpha Epsilon Fraternity. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$11,407
- Program Service Revenue: $28,000
- Gross Receipts: $2,330,437
Assets and Liabilities:
- Total Assets: $3,147,760
- Total Liabilities: $132,727
- Net Assets: $3,015,033
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fraternity House Renta
Revenue
$28,000
Organization Details
Founding Year
1939
Phone
(701) 640-2478Principal Officer
William Bateman
Main Address
PO Box 1147, Fargo, ND, 581071147
NTEE Category
Code: S47 - Community improvement
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