Overview
What is The Sigma Alpha Mu Foundation?
The Sigma Alpha Mu Foundation is a nonprofit organization situated in Indianapolis, Indiana. With a small team of two dedicated individuals, its primary aim is to provide educational grants to Sigma Alpha Mu Fraternity, Inc. These grants support the organization's educational programs, which seek to foster higher education and self-development among undergraduate members of Sigma Alpha Mu Fraternity, Inc. The foundation's mission is multifaceted, encompassing encouraging and nurturing conduct and character traits aligned with high morals, constructive citizenship, scholarship, leadership, and community service. Moreover, it supports the educational interests and activities of the Sigma Alpha Mu Fraternity, fostering their growth and development.
Official website here: www.sam-fdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Sigma Alpha Mu Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is derived entirely from its accountability metrics, showcasing a commitment to transparency and good governance. Notably, the organization boasts a high percentage of independent board members and a robust audit and oversight structure, which contributes positively to its overall rating.
Strengths of the Sigma Alpha Mu Foundation include its excellent governance practices, with 94% of board members being independent, and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention. These factors reflect a dedication to ethical management and accountability to funders and stakeholders. Additionally, the foundation maintains a low liabilities-to-assets ratio, underscoring its financial health.
However, the foundation's program expense ratio is relatively low at 54.87%, which may raise questions about its prioritization of program spending versus administrative costs. This aspect indicates that there is room for improvement in allocating resources directly to its charitable programs, which is vital for enhancing its impact in the community it serves. Overall, while the foundation demonstrates strong governance and financial integrity, there are opportunities for greater programmatic investment.
This AI summary has been generated from information found on Charity Navigator.
Is The Sigma Alpha Mu Foundation legitimate?
The Sigma Alpha Mu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sigma Alpha Mu Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $144,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,398
For more financial information, click here
Official website here: www.sam-fdn.org
What is the mission statement of The Sigma Alpha Mu Foundation?
The Sigma Alpha Mu Foundation's mission is centered around providing student aid and fostering desirable traits among its members. Specifically, it aims to encourage and develop conduct and characteristics consistent with high morals, constructive citizenship, scholarship, leadership, and community service. Additionally, the foundation supports the educational interests and activities of the Sigma Alpha Mu Fraternity. To accomplish this, they offer educational grants to the Sigma Alpha Mu Fraternity, Inc., which are utilized to promote higher education and personal development for undergraduate members.
Official website here: www.sam-fdn.org
Who is the CEO of The Sigma Alpha Mu Foundation?
Aaron Girson is the CEO of The Sigma Alpha Mu Foundation The CEO's salary of The Sigma Alpha Mu Foundation is $130,318 and their total compensation is $138,905.
Official website here: www.sam-fdn.org
What is the revenue of The Sigma Alpha Mu Foundation?
The Sigma Alpha Mu Foundation's revenue in 2024 was $1,494,419.
Official website here: www.sam-fdn.org
Who are the executives of The Sigma Alpha Mu Foundation and what are their salaries?
The average compensation at The Sigma Alpha Mu Foundation during 2024 was $71,562. There are 4 employees and 55 volunteers at The Sigma Alpha Mu Foundation.
Here are 22 key members and their salaries (The Sigma Alpha Mu Foundation's CEO's salary is $130,318 and their total compensation is $138,905):
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- Compensation: $130,318
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- Other: $8,587
Official website here: www.sam-fdn.org
Where can I find the form 990 for The Sigma Alpha Mu Foundation?
The Sigma Alpha Mu Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sam-fdn.org
Learn more at the official website: www.sam-fdn.org
Mission Statement of The Sigma Alpha Mu Foundation
The Sigma Alpha Mu Foundation, in its mission, strives to provide student aid and foster conduct and traits of character consistent with high morals, constructive citizenship, scholarship, leadership, and community service. The organization's ultimate goal is to support the educational interests and activities of the Sigma Alpha Mu Fraternity, aiming to promote higher education and self-development for its undergraduate members. Through educational grants, the foundation funds the initiatives of Sigma Alpha Mu Fraternity, Inc., which are designed to advance scholarly pursuits and personal growth for its members.
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Impact
October, 2024
The Sigma Alpha Mu Foundation significantly impacts the academic and personal development of its members by providing educational grants that support higher education initiatives. By focusing on fostering high morals, constructive citizenship, and leadership skills, the Foundation encourages undergraduate members to develop essential character traits. Its commitment to student aid and educational programs helps create an environment conducive to self-development, scholarship, and community service, thereby enhancing the overall fraternity experience and preparing its members for future challenges. Through these initiatives, the Foundation plays a crucial role in shaping the values and skills of young leaders within the fraternity.
This information is meant to be a general summary of The Sigma Alpha Mu Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $338,589
- Gross Receipts: $4,120,093
Assets and Liabilities:
- Total Assets: $10,724,306
- Total Liabilities: $324,451
- Net Assets: $10,399,855
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Organization Details
Founding Year
1944
Principal Officer
Robert Weiss
Website
www.sam-fdn.orgNTEE Category
Code: B83I - Education
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