Sigma Phi Epsilon - Oregon State University

2 OREGON ALPH A O ver the past five years, many of us dedicated ourselves to bringing meaningful change to Oregon Alpha. We took a hard look at where we were falling short of the values our chapter stands for—virtue, diligence, and brotherly love—and committed ourselves to realigning with the standard of excellence that has defined our legacy. Despite those efforts, internal resistance and a lack of full chapter- wide support ultimately prevented us from making the progress needed to sustain our charter. Since my first days at Oregon State, I've been inspired by the stories of the men who came before me. Men who built a chapter known for its character, its leadership, and its impact. Our recent efforts have shown us our potential and our pitfalls. We began to rebuild expectations around academics, personal accountability, and brotherhood. Our standards board and executive team worked hard to reestablish consistency in behavior and performance. Many of us are choosing to focus on what comes next. In five years, our goal is to return with renewed purpose and a clear mission: to deliver an uncommon fraternity experience rooted in values, leadership, and lifelong brotherhood. Though this is a tough chapter in our story, we know it's not the final one. We are proud of the progress we made, and we're even more motivated by what's ahead. Thank you for your continued support, and for believing in the future of Oregon Alpha. With gratitude and brotherly love, Evan J. Rudisile '25 Chapter President rudisile@oregonstate.edu A Message from the Chapter President S ince the onset of COVID-19, Oregon Alpha's financial position has been strained—primarily due to low chapter house occupancy, which significantly impacted revenue. During this period, the AVC committed substantial resources to maintain a safe, quality housing environment for undergraduates. Between operational subsidies and maintenance expenses, approximately $235,000 in AVC cash reserves were expended. As we concluded the 2024-25 academic year, the chapter house remained occupied by a group of undergraduate men who were not involved in the events leading to the chapter's suspension. Their presence provided rental revenue, maintained oversight, and reduced the insurance risks associated with a vacant facility. Looking ahead, the AVC has taken a conservative approach to forecasting its fiscal year-end financial position. We project a year- end cash balance of approximately $125,000. While this estimate is intentionally cautious, it offers a stable financial foundation for the AVC's continued operations. Financial Status and Housing Outlook Current AVC Financial Snapshot: Cash: $160,000 Chapter House & Property (FMV): Arnold Way Property (FMV): $2,500,000 $650,000 Note Due to SigEp National Housing Corporation: $800,000 It's worth noting that the Arnold Way property, purchased in 2015 for $350,000, remains a valuable asset and could be sold to eliminate existing debt, if necessary, offering long-term flexibility. To ensure continued financial stability during the suspension period, the AVC has secured a master lease agreement with the Oregon State Chapter of LXA, beginning in Fall 2025 and running through August 31, 2026, with two optional one-year extensions. In preparation for the lease start, we've negotiated interest-only mortgage payments with SigEp National Housing. The lease is projected to result in a positive cash flow with continued property improvements. The AVC is working to determine a long-term lease agreement following the one with LXA. Please don't hesitate to reach out to me directly with any questions regarding the AVC's financial position or plans for the facility. Fraternally, Jamison Shields (17-2268) AVC Treasurer

• Cover