TY 2013 Form 990

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) CONNOR BRADLEY........................................................................
PRESIDENT

5.00
.......................

(2) JEFF KELSO........................................................................
VP FINANCE

15.00
.......................

(3) JEEVAN JAINCOKS........................................................................
VP RECRUITME

3.50
.......................

(4) EDWARD SULLIVAN........................................................................
VP MEMB. DEV

3.50
.......................

(5) DEAN GRANOT........................................................................
VP PROGRAMIN

3.50
.......................

(6) PETER EINSTEIN........................................................................
VP COMMUNICA

3.50
.......................

(7) JOHN KOPPERMAN........................................................................
CHAPLAIN

3.50
.......................

(8) HANCE SITKUS CPA........................................................................
ACTING TREAS

15.00
.......................

(A)
Name and Title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W- 2/1099-MISC)

(E)
Reportable compensation from related organizations (W- 2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII.

(A)
Total expenses

(B)
Program service expenses

(D)
Fundraising expenses

Grants and other assistance to governments and organizations in the United States. See Part IV, line 21

Grants and other assistance to individuals in the United States. See Part IV, line 22

Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16

Benefits paid to or for members

Compensation of current officers, directors, trustees, and key employees ....

Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....

Other salaries and wages

25,656

Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....

Other employee benefits .......

Payroll taxes ...........

3,217

Fees for services (non-employees):

Management ......

10,000

Legal .........

1,500

Accounting ...........

1,350

Lobbying ...........

Professional fundraising services. See Part IV, line 17

Investment management fees ......

Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........

Advertising and promotion ....

Office expenses .......

5,993

Information technology ......

Royalties ..

Occupancy ...........

844

Travel ............

1,858

Payments of travel or entertainment expenses for any federal, state, or local public officials ......

Conferences, conventions, and meetings ....

2,271

Interest ...........

Payments to affiliates .......

11,715

Depreciation, depletion, and amortization .....

333

Insurance ..............

879

Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)

BD CHARGES-FOOD & KITCHEN

81,087

LOSS ON FMA ACTIVITY

38,693

SOCIAL EXPENSES

17,032

STORAGE FEES

11,425

All other expenses

19,853

Total functional expenses. Add lines 1 through 24e

233,706

Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet

if following SOP 98-2 (ASC 958-720).

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
	1	Cash–non-interest-bearing .............	111,939	1	12,409
2	Savings and temporary cash investments .........		2
3	Pledges and grants receivable, net ...........		3
4	Accounts receivable, net .............		4
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L ..................
			5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
			6
7	Notes and loans receivable, net .............		7
8	Inventories for sale or use ..............		8
9	Prepaid expenses and deferred charges ..........		9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	10,000
b	Less: accumulated depreciation .....	10b	333		10c	9,667
11	Investments—publicly traded securities ..........		11
12	Investments—other securities. See Part IV, line 11 .....		12
13	Investments—program-related. See Part IV, line 11 .....		13
14	Intangible assets ...............		14
15	Other assets. See Part IV, line 11 ...........		15	118,895
16	Total assets. Add lines 1 through 15 (must equal line 34)......	111,939	16	140,971
	17	Accounts payable and accrued expenses .........	10,750	17	13,078
18	Grants payable .................		18
19	Deferred revenue ................		19
20	Tax-exempt bond liabilities .............		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D..		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..........		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ....		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................		25
26	Total liabilities. Add lines 17 through 25.........	10,750	26	13,078
		Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets ..............		27
28	Temporarily restricted net assets ...........		28
29	Permanently restricted net assets ...........		29
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds ........		30
31	Paid-in or capital surplus, or land, building or equipment fund .....		31
32	Retained earnings, endowment, accumulated income, or other funds	101,189	32	127,893
33	Total net assets or fund balances ...........	101,189	33	127,893
34	Total liabilities and net assets/fund balances ........	111,939	34	140,971

Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............

(A)
Beginning of year

(B)
End of year

Cash–non-interest-bearing .............

111,939

12,409

Savings and temporary cash investments .........

Pledges and grants receivable, net ...........

Accounts receivable, net .............

Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................

Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L

Notes and loans receivable, net .............

Inventories for sale or use ..............

Prepaid expenses and deferred charges ..........

10a

Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D

10a

10,000

Less: accumulated depreciation .....

10b

333

10c

9,667

Investments—publicly traded securities ..........

Investments—other securities. See Part IV, line 11 .....

Investments—program-related. See Part IV, line 11 .....

Intangible assets ...............

Other assets. See Part IV, line 11 ...........

118,895

Total assets. Add lines 1 through 15 (must equal line 34)......

111,939

140,971

Accounts payable and accrued expenses .........

10,750

13,078

Grants payable .................

Deferred revenue ................

Tax-exempt bond liabilities .............

Escrow or custodial account liability. Complete Part IV of Schedule D..

Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified

persons. Complete Part II of Schedule L..........

Secured mortgages and notes payable to unrelated third parties ..

Unsecured notes and loans payable to unrelated third parties ....

Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................

Total liabilities. Add lines 17 through 25.........

10,750

13,078

Organizations that follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 27 through 29, and lines 33 and 34.

Unrestricted net assets ..............

Temporarily restricted net assets ...........

Permanently restricted net assets ...........

Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet

and complete lines 30 through 34.

Capital stock or trust principal, or current funds ........

Paid-in or capital surplus, or land, building or equipment fund .....

Retained earnings, endowment, accumulated income, or other funds

101,189

127,893

Total net assets or fund balances ...........

101,189

127,893

Total liabilities and net assets/fund balances ........

111,939

140,971

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate contributions to (during year) ...
3	Aggregate grants from (during year) .....
4	Aggregate value at end of year ........


a	Total number of conservation easements .......................	2a
b	Total acreage restricted by conservation easements ..................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ....................	2d

		Amount
c	Beginning balance .................................	1c
d	Additions during the year ..............................	1d
e	Distributions during the year .............................	1e
f	Ending balance ...................................	1f

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains on investments ..........	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b.......................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities ..........	2a
b	Prior year adjustments ..............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d......................	2e
3	Subtract line 2e from line 1.....................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.......................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

SIGMA PHI EPSILON FRATERNITY
PENN CHAPTER

Employer identification number

23-1978565

Return Reference	Explanation
FORM 990, PAGE 2, PART III, LINE 4D	OPERATION OF RECREATION & DINING FACILITIES FOR ITS MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 3	FROM JULY 1, 2013 THROUGH JANUARY 31, 2014, THE ORGANIZATION USED THE SERVICES OF FRATERNITY MANAGEMENT ASSOCIATION. FOR THE REMAINDER OF THE FISCAL YEAR, THE ALUMNI BOARD BEGAN OVERSEEING THE MANAGEMENT DUTIES OF THE ORGANIZATION.
FORM 990, PAGE 6, PART VI, LINE 5	DURING MARCH 2014, MEMBERS OF THE ALUMNI TOOK OVER THE BOOKS AND RECORDS FROM THE MANAGING AGENT, FRATERNITY MANAGEMENT ASSOCIATION ("FMA")AS IT BECAME APPARENT THAT ORGANIZATION FUNDS WERE BEING MISMANAGED. JANUARY 2014 WAS THE FINAL MONTH THAT THE MANAGING AGENT PROVIDED DETAILED FINANCIAL INFORMATION TO THE ORGANIZATION. THANKFULLY, THE ALUMNI TRESURER HAD INSISTED OVER THE YEARS THAT ANY ANNUAL EXCESS OF INCOME OVER EXPENSES BE TRANSFERED TO A SEPARATE INVESTMENT ACCOUNT FOR MANAGEMENT BY THE ALUMNI BOARD. IT IS THOSE FUNDS THAT HAVE KEPT THE ORGANIZATION OPERATIONAL IN THIS TRANSITION YEAR. ONCE THE ALUMNI TOOK OVER THE BOOKS AND RECORDS, IT WAS APPARENT THAT RECEIVABLES COLLECTED FROM MEMBERS HAD BEEN DIVERTED AND THAT VENDORS HAD NOT BE REIMBURSED FOR THE GOODS AND SERVICES THEY PROVIDED TO THE ORGANIZATION. THROUGH THE USE OF THESE INVESTMENT FUNDS, THE ORGANIZATION HAS BEEN ABLE TO MOVE FORWARD. THIS CURRENT YEAR FORM 990 REFLECTS A PRIOR PERIOD ADJUSTMENT TO OPENING EQUITY IN THE AMOUNT OF 83,448, AS WELL AS THE WRITE OFF OF UNCOLLECTIBLE RECEIVABLES, MISSING CASH BALANCES,AND UNSUPPORTED PAYABLES TOTALING 38,693 WHICH HAVE BEEN RECORDED IN EXPENSE AS LOSS DUE TO FMA ACTIVITIES DURING THE CURRENT YEAR.
FORM 990, PAGE 6, PART VI, LINE 6	THE ORGANIZATION IS COMPRISED OF MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 7A	THE MEMBERS ELECT THEIR OFFICERS FROM WITHIN THEIR MEMBERSHIP. THE OFFICERS USUALLY SERVE A ONE YEAR TERM.
FORM 990, PAGE 6, PART VI, LINE 7B	ALL DECISIONS ARE MADE BY A MAJORITY VOTE OF THE MEMBERSHIP AND THE ALUMNI CORPORATION. THE ALUMNI BOARD ALONG WITH THE CHAPTER MAKE ALL FINANCIAL DECISIONS RELATED TO THE CHAPTER.
FORM 990, PAGE 6, PART VI, LINE 11B	THE ACTING TREASURER REVIEWS THIS RETURN WITH THE PREPARER. THE RETURN IS THEN DISTRIBUTED TO THE GOVERNING BODY. A REASONABLE AMOUNT OF TIME IS ALLOWED FOR MEMBERS TO REVIEW THE RETURN. ONCE THAT TIME HAS PASSED, THE RETURN IS SIGNED BY AN AUTHORIZED MEMBER AND THE RETURN IS SUBMITTED.
FORM 990, PAGE 6, PART VI, LINE 19	THE FORM 990 IS ALSO AVAILABLE ON THE INTERNET AT WWW.GUIDESTAR.ORG, AS WELL AS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9	PRIOR PERIOD ADJUSTMENT RELATES TO DISCREPANCIES IN PRIOR MANAGEMENT COMPANY'S RECORDKEEPING PRACTICES. LINE 5, PART XI UNREALIZED GAINS (LOSSES) ON INVESTMENTS RELATE TO AMOUNT DUE FROM ALUMNI BOARD WHICH HOLDS INVESTMENTS ON BEHALF OF THE FRATERNITY.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: SIGMA PHI EPSILON EXISTS TO PROMOTION OF LIFELONG FRIENDSHIPS, TO REAFFIRM HIGH ETHICAL STANDARDS AND VALUES, AND TO FOSTER PERSONAL DEVELOPMENT IN THE PURSUIT OF EXCELLENCE.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	45
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	45
5	Total number of individuals employed in calendar year 2013 (Part V, line 2a) ......	5	1
6	Total number of volunteers (estimate if necessary) .............	6	5
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........		0
9	Program service revenue (Part VIII, line 2g) .........	249,751	164,125
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	25	1,691
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)		0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)...................	249,776	165,816
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...		0
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	28,769	28,873
16a	Professional fundraising fees (Part IX, column (A), line 11e).....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	215,599	204,833
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	244,368	233,706
19	Revenue less expenses. Subtract line 18 from line 12.......	5,408	-67,890
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	111,939	140,971
21	Total liabilities (Part X, line 26).............	10,750	13,078
22	Net assets or fund balances. Subtract line 21 from line 20.....	101,189	127,893

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	OPERATION OF RECREATION & DINING FACILITIES FOR ITS MEMBERS.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)............

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

				(A) Total revenue	(B) Related or exempt function revenue	(C) Unrelated business revenue	(D) Revenue excluded from tax under sections 512-514
1a	Federated campaigns..1a
b	Membership dues....1b
c	Fundraising events....1c
d	Related organizations...1d
e	Government grants (contributions)1e

f	All other contributions, gifts, grants, and similar amounts not included above1f

g	Noncash contributions included in lines 1a-1f:$
h	Total. Add lines 1a-1f.......
			Business Code
2a	PROGRAM SERVICE REVENUE			164,125	164,125
b
c
d
e
f	All other program service revenue .
g	Total. Add lines 2a–2f........			164,125
3	Investment income (including dividends, interest, and other similar amounts).......			1,691			1,691
4	Income from investment of tax-exempt bond proceeds..
5	Royalties...........
		(i) Real	(ii) Personal
6a	Gross rents
b	Less: rental expenses
c	Rental income or (loss)
d	Net rental income or (loss).......
		(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory
b	Less: cost or other basis and sales expenses
c	Gain or (loss)
d	Net gain or (loss)..........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ..
	a
b	Less: direct expenses ...b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities...
10a	Gross sales of inventory, less returns and allowances .
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Miscellaneous Revenue			Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See Instructions......			165,816	164,125		1,691

		(a)Current year	(b)Prior year	b (c)Two years back	(d)Three years back	(e)Four years back
1a	Beginning of year balance ....
b	Contributions ........
c	Net investment earnings, gains, and losses
d	Grants or scholarships .....
e	Other expenditures for facilities and programs ........
f	Administrative expenses ....
g	End of year balance ......

Description of property		(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value
1a	Land .................
b	Buildings ................
c	Leasehold improvements ............	10,000	333	9,667
d	Equipment ................
e	Other .................
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......				9,667

(a) Description of security or category (including name of security)		(b)Book value	(c) Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

(a) Description				(b) Book value
(1) DUE FROM ALUMNI BOARD - INVST. ACCT.				118,895








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				118,895

1.(a) Description of liability		(b) Book value
Federal income taxes









Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................