Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity
Delaware Sigma Phi Epsilon Chapter shows volatile finances with recent surplus, no officer compensation, and minimal assets.
EIN: 200874442 · Newark, DE · NTEE: B83 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $75K |
| Program Spending | 90% |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity (EIN: 200874442) is a nonprofit organization based in Newark, DE, classified under NTEE code B83. The organization reported total revenue of $78K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $75K |
| Surplus / Deficit | +$3K |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 4.2% |
| Months of Reserves | 0.6 months |
Financial Health Grade: A
In 2023, Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity reported a surplus of $3K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2013–2023), Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.7% | -26.0% | +550.6% |
| 2022 | +61.5% | +103.1% | -99.1% |
| 2021 | -34.9% | -43.8% | +13.8% |
| 2020 | +23.8% | +25.6% | +6.2% |
| 2019 | -19.5% | -18.3% | +4008.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no officers receive salaries from the organization, which is a positive for minimizing administrative overhead for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity's IRS 990 filings:
- Significant year-over-year revenue and asset volatility
- Multiple years with expenses exceeding revenue (e.g., 202206, 201706, 201506)
Strengths
The following positive indicators were identified for Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity:
- Consistent reporting of 0% officer compensation
- No reported liabilities across all filing periods
- Consistent IRS 990 filing history, indicating transparency
Frequently Asked Questions about Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity
Is Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity a legitimate charity?
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity (EIN: 200874442) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $78K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity spend its money?
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity tax-deductible?
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity is registered as a tax-exempt nonprofit (EIN: 200874442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity compare to similar nonprofits?
With a transparency score of 70/100 (Good), Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity is above average for NTEE category B83 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity located?
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity is headquartered in Newark, Delaware and files with the IRS under EIN 200874442. It is classified under NTEE code B83.
How many years of IRS 990 filings does Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity have?
Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $78K in total revenue.
What constitutes the majority of the organization's expenses, given the NTEE code B83?
Given the NTEE code B83 (Fraternal Societies) and the absence of officer compensation, it is highly probable that the majority of expenses are directly related to member programs, events, and operational costs associated with maintaining the fraternity chapter.
Why have the organization's assets fluctuated so significantly over the past decade?
The significant fluctuation in assets, from $62,794 in 202106 to $3,858 in 202306, could be due to large, infrequent expenditures (e.g., facility improvements, major events) or a reliance on cash flow rather than accumulating substantial reserves. Without more detailed financial statements, the exact reasons are unclear.
Does the organization have a sustainable financial model given its revenue and expense volatility?
The organization's financial model shows volatility, with periods of both surpluses and deficits. While it ended the latest period with a surplus, the inconsistent revenue and expense patterns suggest that long-term financial sustainability could be a concern if not actively managed to build reserves.
Filing History
IRS 990 filing history for Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity's revenue has declined by 26.5%, moving from $106K to $78K. Total assets decreased by 25.9% over the same period, from $5K to $4K. Total functional expenses fell by 29.7%, from $106K to $75K. In its most recent filing year (2023), Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $75K | $4K | $0 | — | — |
| 2022 | $93K | $101K | $593 | $0 | — | View 990 |
| 2021 | $57K | $50K | $63K | $0 | — | — |
| 2020 | $88K | $89K | $55K | $0 | — | View 990 |
| 2019 | $71K | $71K | $52K | $0 | — | View 990 |
| 2018 | $89K | $86K | $1K | $0 | — | View 990 |
| 2017 | $114K | $126K | $281 | $0 | — | View 990 |
| 2015 | $114K | $126K | $281 | $0 | — | View 990 |
| 2014 | $108K | $102K | $12K | $0 | — | View 990 |
| 2013 | $106K | $106K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $75K, and assets of $4K (revenue -15.7% year-over-year).
- 2022: Revenue of $93K, expenses of $101K, and assets of $593 (revenue +61.5% year-over-year).
- 2021: Revenue of $57K, expenses of $50K, and assets of $63K (revenue -34.9% year-over-year).
- 2020: Revenue of $88K, expenses of $89K, and assets of $55K (revenue +23.8% year-over-year).
- 2019: Revenue of $71K, expenses of $71K, and assets of $52K (revenue -19.5% year-over-year).
- 2018: Revenue of $89K, expenses of $86K, and assets of $1K (revenue -22.3% year-over-year).
- 2017: Revenue of $114K, expenses of $126K, and assets of $281 (revenue +0.0% year-over-year).
- 2015: Revenue of $114K, expenses of $126K, and assets of $281 (revenue +5.0% year-over-year).
- 2014: Revenue of $108K, expenses of $102K, and assets of $12K (revenue +2.1% year-over-year).
- 2013: Revenue of $106K, expenses of $106K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity:
Data Sources and Methodology
This transparency report for Delaware Sec Chapter Of The Sigma Phi Epsilon Fraternity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.