SAE costs a fortune. How do you compare?

hoosier · #1 03-05-2002, 06:03 PM

SAE national annual fees:

Insurance - $124/man
Fidelity bond - $150/chapter
Pledge fee - $75/pledge
Initiation fee - $200/initiate
Annual dues - $90/member

Typical chapter: 75 men (50 members, 25 pledges/initiates) pays to SAE HQ in Evanston:

Insurance: 50 x 124 = $6200
Fidelity bond - $150
Pledge fee - 25 x $75 = $1875
Init. fee - 25 x $200 = $5000
Annual dues - 50 x $90 = $4500

Grand total - $17,725

How do other GLO compare?

hoosier · #2 03-05-2002, 07:04 PM

From the DU Natl. web page:

Pledge fee - $60
Init. - $200
Dues annual - $55 fall, $45 spr.
Annual assessment for conferences, etc. - $1,250
Insurance (varies by school) - $183.97 to $58.10 per member

For a 50 member, 25 pledge chapter, per year:

25 pledges @ $60 - $1500
50 members @ $55/$45 - $5000
Assessment - $1,250
Ins. @ $125 average - $6250

Total - $14,000

SAEalumnus · #3 03-05-2002, 08:08 PM

SAE might cost a fortune, but it's worth every damn cent!!!

Besides, only $10,850 of your $17,725 can be attributed to active members. This breaks down to $217 per member per year. Depending on how you distribute your dues, this works out as follows:

2 semesters @ $108.50 each per member; or
3 quarters (exc. summer) @ $72.33 each per member; or
10 months @$21.70 each per member

As far as pledge fees are concerned, each pledge is responsible for his own $75 pledging fee and $200 initiation fee. The total of $275 could be broken down into installments as well, not to mention credited against using pledge class fundraisers.

I don't know about you, but I think $21.70 per month is more than reasonable to support the Fraternity. Any amount above that per member per month is only being pocketed by the chapter anyway if not used to pay local fees for the Greek/Interfraternity/Whatever council and other related fees. Sure, large chapters mean large expenses, but it also means large revenues too. You have to keep the whole picture in mind.

33girl · #4 03-05-2002, 08:38 PM

Well, we all have to donate a kidney, but other than that it's pretty cheap.

Honestly hoosier...there is a blue light special on points at KMart. Please get one for this thread, because as of now it does not possess one.

KappaStargirl · #5 03-05-2002, 10:26 PM

And the point of this thread is??

Hoosier, I have never seen you post a single positive thing about the Greek system EVER. Have you been wronged in some way by a GLO? If you're having a hard time accepting your involvement in the Greek system, or lack thereof, maybe you need therapy. Or a life.

ZTAngel · #6 03-06-2002, 12:34 PM

If you have a point please let us know.

skip101 · #7 03-06-2002, 02:05 PM

They all cost a fortune, but some are more than others.

I am sure some people in here will get all over me for this one but our chapter treasurer used to send slightly false info to our nationals. Ex. If we had 60 actives and 20 pledges we would tell them we only had 30 actives and 10 pledges and our bill would be cut in half.

RockChalk · #8 03-06-2002, 04:19 PM

I think it'd be interesting to see how dues compare from organization to organization, but we could do without all the nastiness.

Kevin · #9 03-06-2002, 04:23 PM

Quote:

I think it'd be interesting to see how dues compare from organization to organization, but we could do without all the nastiness.

I'm not really sure it matters. Besides, why give out information to someone that obviously has some kind of hidden agenda?

RockChalk · #10 03-07-2002, 10:58 AM

Quote:

I'm not really sure it matters. Besides, why give out information to someone that obviously has some kind of hidden agenda?

I think it matters. I'd like to have an idea of how much money I'd have to fork over to be part of an organization *before* I join instead of getting a nasty surprise on bid day. Besides, if GLOs were more up-front about the costs of joining, maybe they wouldn't be stereotyped as a rich kid thing.

This guy's "hidden agenda" is what I was meant by nastiness.

Kevin · #11 03-07-2002, 01:33 PM

Quote:

Besides, if GLOs were more up-front about the costs of joining, maybe they wouldn't be stereotyped as a rich kid thing.

Quote:

This guy's "hidden agenda" is what I was meant by nastiness.

(my apologies if these partial quotes take you in any way out of context)

Sir or ma'am. I would deem it appropriate to tell you or anyone for that matter what the costs were if you NEEDED to know.

What do I classify as needing to know? Well first off you need to be enrolled at my school. Secondly, you must show up to a recruitment event and/or express interest in maybe becoming a Sigma Nu.

I absolutely guarantee you would be aware of ALL costs before bid day comes around. In fact, anyone that visits us during formal recruitment will find our financial information clearly stated on the information sheets that are available to anyone who wants one.

You say you don't want the nasty surprise on bid day? Well neither do we. I as treasurer don't want to have to be the guy that continually has to attempt and collect on a late brother. The financial obligation to a fraternity is an important one and even before accepting a bid, it is explained that freeloaders will NOT be tolerated.

The (inter)national fees, insurance, etc are almost completely irrelevant to the grand scheme of things in terms of cost per member. I know of chapters within Sigma Nu that charge anywhere between $60 dollars per month per member up to $600 dollars per month per member. It varies from chapter to chapter even within one GLO.

So if you TRULY want to know what it costs to be in an organization you must examine it campus by campus. National statistics will get you absolutely nowhere.

Even if there is a hidden agenda as I said before, the collection of this data will get you nowhere closer to your final goal of deciphering how much it would cost to join one of these fine organizations.

---------------

As far as my 'nastiness' goes, if that's what you call a contrary opinion then so be it.

KuThetaChi · #12 09-24-2003, 08:59 AM

I pay $75 a month in dues for Theta Chi....

Buttonz · #13 09-24-2003, 11:58 AM

For some reaosn that I can't understand, out of the three NPC's on my campus, we have the highest NM dues...by a $100 or so! I don't understand this and I think this scares of PNM's....as for reualr dues, @ $400 a year ($200 a semster) they aren't that bad. It comes out to be $34 a month...a lil over $1 a day

SplitzSTG · #14 10-14-2003, 03:50 PM

Each Brother pays $225/semester dues regardless of number of actives.

Insurance fees are based on Avg active membership over the previous 2 years.

Association $70

Initiation $170

ThetaPrincess24 · #15 10-19-2003, 11:58 AM

Quote:

Originally posted by ktsnake
(my apologies if these partial quotes take you in any way out of context)

Sir or ma'am. I would deem it appropriate to tell you or anyone for that matter what the costs were if you NEEDED to know.

What do I classify as needing to know? Well first off you need to be enrolled at my school. Secondly, you must show up to a recruitment event and/or express interest in maybe becoming a Sigma Nu.

I absolutely guarantee you would be aware of ALL costs before bid day comes around. In fact, anyone that visits us during formal recruitment will find our financial information clearly stated on the information sheets that are available to anyone who wants one.

You say you don't want the nasty surprise on bid day? Well neither do we. I as treasurer don't want to have to be the guy that continually has to attempt and collect on a late brother. The financial obligation to a fraternity is an important one and even before accepting a bid, it is explained that freeloaders will NOT be tolerated.

The (inter)national fees, insurance, etc are almost completely irrelevant to the grand scheme of things in terms of cost per member. I know of chapters within Sigma Nu that charge anywhere between $60 dollars per month per member up to $600 dollars per month per member. It varies from chapter to chapter even within one GLO.

So if you TRULY want to know what it costs to be in an organization you must examine it campus by campus. National statistics will get you absolutely nowhere.

Even if there is a hidden agenda as I said before, the collection of this data will get you nowhere closer to your final goal of deciphering how much it would cost to join one of these fine organizations.

---------------

As far as my 'nastiness' goes, if that's what you call a contrary opinion then so be it.

Excellent ktsnake! Excellent