SIGMA PHI EPSILON EDUCATIONAL FOUNDATION

EIN: 546053821 501(c)(3) Education

RICHMOND, VA

Total Revenue
$9,212,112
Total Expenses
$6,160,460
Total Assets
$56,682,775
Net Assets
$56,353,433
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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
VA
Principal Officer
EDWARD H HAMMOND PHD
Phone
8043531901
Tax Period
2024-07-01 to 2025-06-30

SIGMA PHI EPSILON EDUCATIONAL FOUNDATION, founded in 1943, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $749K, a strong 17% operating margin.

Mission

THE SIGMA PHI EPSILON EDUCATIONAL FOUNDATION ADVANCES THE MISSION OF HIGHER EDUCATION BY PROVIDING SCHOLARSHIPS AND GRANTS THAT SUPPORT HEALTHY LIVING ENVIRONMENTS AND PROGRAMS FOCUSED ON THE ACADEMIC AND MORAL DEVELOPMENT OF UNDERGRADUATE MEN.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,660,089
Program Service Revenue $0
Investment Income $334,202
Other Revenue $217,821
TOTAL REVENUE $9,212,112

Expense Breakdown

Grants Paid $4,484,761
Salaries & Benefits $631,068
Fundraising Expenses $919,376
Program Expenses $4,484,761
Other Expenses $1,044,631
TOTAL EXPENSES $6,160,460

Year-over-Year Comparison

2024 2023 Change
Revenue $9,212,112 $4,893,173 +0.9%
Expenses $6,160,460 $6,186,908 0.0%
Net Income $3,051,652 $-1,293,735 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES AMATO TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER BITTMAN TRUSTEE 1.00
Director
$0 $0 $0
MATT ENGELHARDT TRUSTEE 1.00
Director
$0 $0 $0
GARRY C KIEF TRUSTEE 1.00
Director
$0 $0 $0
BILL MCCAUSLAND TRUSTEE 1.00
Director
$0 $0 $0
DR PERRY MOULDS TRUSTEE 1.00
Director
$0 $0 $0
MATT PARRISH TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL WATFORD TRUSTEE 1.00
Director
$0 $0 $0
RICHARD W BENNETT III PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHIEU DUNCAN TREASURER 1.00
Officer Director
$0 $0 $0
DR GRANT BUTTRAM SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,212,112 $6,160,460 $56,682,775 $3,051,652
2025 No data No data No data No data
2024 $4,893,173 $6,186,908 $48,071,697 $-1,293,735
2023 $4,762,895 $5,880,837 $44,674,912 $-1,117,942
2022 $18,880,897 $2,446,678 $43,580,901 $16,434,219
2021 $3,895,971 $1,714,588 $31,176,872 $2,181,383
2020 $5,720,976 $2,190,357 $23,364,201 $3,530,619
2019 $3,827,453 $2,278,584 $21,022,073 $1,548,869
2018 $4,515,680 $3,766,911 $19,329,212 $748,769
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