Overview
What is Sigma Alpha Epsilon Foundation?
The Sigma Alpha Epsilon Foundation is a nonprofit organization situated in Evanston, Illinois. Its primary mission is to provide financial assistance to its fraternity chapters, aiding them in maintaining the scholarly and educational aspects of their houses. The foundation's objectives include supporting its members in achieving their educational aspirations and goals, promoting programs that foster leadership, scholarship, and personal development, and preserving the Levermore Memorial Temple. By providing these resources, the Sigma Alpha Epsilon Foundation seeks to contribute positively to the growth and development of its members.
Official website here: www.sae.net
What are the reviews and ratings of this charity?
94% - Four-Star out of Four Star Rating
The Sigma Alpha Epsilon Foundation has achieved a remarkable Four-Star rating from Charity Navigator, indicative of strong performance in accountability and finance. The foundation has earned a perfect score in several key areas, including the independence of its board members and the effective oversight of its financial operations, suggesting a high level of transparency and governance.
One of the foundation's notable strengths is its program expense ratio, which at 65.43% demonstrates a commitment to utilizing funds directly for its programs. Additionally, its fundraising efficiency is robust, with a cost of only $0.18 for every dollar raised, showcasing effective resource management. The foundation also maintains a healthy working capital ratio of 8.08 years, indicating financial stability.
However, while the overall financial structure appears sound, the program expense ratio could be improved further to ensure a higher percentage of funding goes directly to programs. This highlights a potential area for growth, but overall, the foundation stands out as a financially responsible organization with strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Sigma Alpha Epsilon Foundation?
76% of 583 reviewers on Facebook recommend the Sigma Alpha Epsilon Foundation. Here’s a summary of their insights:
Many individuals appreciate the foundation for the valuable experiences it provides, highlighting lifelong lessons, friendships, and opportunities for personal growth. Reviewers often emphasize the character-building aspects of the organization, encouraging others who align with the values of gentlemanly conduct, scholarship, and athletic involvement to participate.
Overall, the sentiment is predominantly positive, with a considerable number of supporters praising the positive influence the foundation has had on their lives. While not universally endorsed, those who recommend it clearly see the benefits of being involved.
This AI summary has been generated from reviews found on Facebook.
Is Sigma Alpha Epsilon Foundation legitimate?
Sigma Alpha Epsilon Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Alpha Epsilon Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sae.net
What is the mission statement of Sigma Alpha Epsilon Foundation?
The Sigma Alpha Epsilon Foundation's mission is centered around supporting its members and their chapters in achieving their educational aspirations and goals. It also aims to promote programs that foster leadership, scholarship, and personal development. Additionally, the foundation is committed to preserving Levere Memorial Temple. The funds raised by the foundation are primarily utilized to aid fraternity chapters in maintaining the scholarly and educational aspects of their houses.
Official website here: www.sae.net
Who is the CEO of Sigma Alpha Epsilon Foundation?
Steve Mitchell is the Ceo of Sigma Alpha Epsilon Foundation. The CEO's salary of Sigma Alpha Epsilon Foundation is $0 and their total compensation is $170,736.
Official website here: www.sae.net
What is the revenue of Sigma Alpha Epsilon Foundation?
Sigma Alpha Epsilon Foundation's revenue in 2022 was $4,148,154.
Official website here: www.sae.net
Who are the executives of Sigma Alpha Epsilon Foundation and what are their salaries?
There 220 volunteers at Sigma Alpha Epsilon Foundation.
Here are 15 key members and their salaries (Sigma Alpha Epsilon Foundation's CEO's salary is $0 and their total compensation is $170,736):
- Compensation: $0
- Related: $156,371
- Other: $16,639
- Compensation: $0
- Related: $169,796
- Other: $940
- Compensation: $0
- Related: $105,696
- Other: $6,820
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- Other: $0
Official website here: www.sae.net
Where can I find the form 990 for Sigma Alpha Epsilon Foundation?
Sigma Alpha Epsilon Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sae.net
Learn more at the official website: www.sae.net
Mission Statement of Sigma Alpha Epsilon Foundation
The Sigma Alpha Epsilon Foundation is committed to supporting its members and their chapters in achieving their educational aspirations and goals. The organization's mission is multifaceted, encompassing three key aspects. Firstly, it aims to promote programs that fosters leadership, scholarship, and personal development among its members. Secondly, the foundation works towards preserving Levere Memorial Temple, a significant symbol within the fraternity. Lastly, it provides financial aid to assist Sigma Alpha Epsilon chapters in maintaining the scholarly and educational aspects of their houses. By performing these functions, the Sigma Alpha Epsilon Foundation plays a crucial role in nurturing the intellectual growth and development of its members, thereby contributing to their overall personal and professional success.
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Impact
October, 2024
The Sigma Alpha Epsilon Foundation significantly impacts its members and their chapters by promoting educational aspirations and leadership development. Through targeted funding, the Foundation aids fraternity chapters in maintaining and enhancing their scholarship and educational programs, ensuring that members have the resources and support they need to excel academically.
By emphasizing leadership, scholarship, and personal development, the Foundation cultivates an environment where young men can grow into responsible leaders and engaged citizens. Additionally, its commitment to preserving the Levere Memorial Temple reflects a dedication to maintaining the rich history and traditions of the fraternity, further enriching the member experience.
Overall, the Foundation plays a crucial role in fostering a culture of lifelong learning and growth within the Sigma Alpha Epsilon community, helping individuals reach their full potential while contributing positively to their chapters and society at large.
This information is meant to be a general summary of Sigma Alpha Epsilon Foundation. 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: $1,018,143
- Program Service Revenue: $100,000
- Gross Receipts: $6,201,239
Assets and Liabilities:
- Total Assets: $21,163,081
- Total Liabilities: $268,692
- Net Assets: $20,894,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME -SAE FRATERNITY
Revenue
$100,000
Organization Details
Founding Year
1927
Phone
(847) 475-1856Principal Officer
Steve Mitchell
Main Address
1856 SHERIDAN ROAD, EVANSTON, IL, 602013837
Website
www.sae.netNTEE Category
Code: B110 - Education
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