Overview
What is Phi Sigma Sigma Foundation Inc?
Phi Sigma Sigma Foundation Inc, located in Eldersburg, Maryland, is a nonprofit organization primarily focused on providing educational support. They achieve this by granting funds for education, offering scholarships, and offering assistance to various chapters. Their mission encompasses raising funds to empower individuals through educational programming and support for charitable organizations. As of the provided information, they have awarded a significant sum of $323,224 towards these causes.
Official website here: www.phisigmasigma.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The Phi Sigma Sigma Foundation Inc has earned a high rating of 96%, indicating a strong level of accountability and financial health. This score is significant as it reflects the foundation's commitment to transparency and responsible management of resources. The rating is entirely derived from its Accountability & Finance score, which contributes to the overall perception of the charity's integrity and effectiveness.
The organization displays impressive governance practices, with a fully independent board comprising eight members and robust financial oversight mechanisms. It has achieved the maximum points in various categories, including having a conflict of interest policy and a whistleblower policy, which further underscores its commitment to ethical practices. The foundation also maintains a strong program expense ratio, ensuring that a considerable portion of its resources is directed toward its mission.
While the rating is commendable, it is essential to consider that it focuses primarily on financial metrics. As such, potential donors and supporters may also want to explore the foundation's impact and effectiveness in achieving its mission beyond the financial ratings provided. Overall, the Phi Sigma Sigma Foundation Inc appears to be a responsible and well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Phi Sigma Sigma Foundation Inc legitimate?
Phi Sigma Sigma Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Sigma Sigma Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.phisigmasigma.org/foundation
What is the mission statement of Phi Sigma Sigma Foundation Inc?
The Phi Sigma Sigma Foundation Inc's mission is focused on raising funds to provide educational grants, scholarships, leadership development, and support for charitable organizations. Through these efforts, they aim to foster education and leadership within their chapters. The foundation has shown its commitment by granting a significant amount of $323,224 towards educational support and scholarships. Additionally, the foundation engages in various educational programming, furthering its mission to support worthy causes.
Official website here: www.phisigmasigma.org/foundation
Who is the CEO of Phi Sigma Sigma Foundation Inc?
Vanessa Freeman Zerhusen is the President of Phi Sigma Sigma Foundation Inc.
Official website here: www.phisigmasigma.org/foundation
What is the revenue of Phi Sigma Sigma Foundation Inc?
Phi Sigma Sigma Foundation Inc's revenue in 2023 was $528,345.
Official website here: www.phisigmasigma.org/foundation
Who are the executives of Phi Sigma Sigma Foundation Inc and what are their salaries?
There 30 volunteers at Phi Sigma Sigma Foundation Inc.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $125,389
- Other: $4,814
Official website here: www.phisigmasigma.org/foundation
Where can I find the form 990 for Phi Sigma Sigma Foundation Inc?
Phi Sigma Sigma Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.phisigmasigma.org/foundation
Learn more at the official website: www.phisigmasigma.org/foundation
Mission Statement of Phi Sigma Sigma Foundation Inc
The Phi Sigma Sigma Foundation Inc is dedicated to raising funds for various purposes. Its primary objectives include providing educational grants, scholarships, fostering leadership development, and supporting charitable organizations. The foundation's mission is to utilize these resources effectively, aiming to make a significant impact in the educational sphere and beyond.
Through its mission, the Phi Sigma Sigma Foundation Inc supports various initiatives. One of its key activities is providing financial assistance in the form of educational grants, scholarships, and other forms of aid. This support not only aids individual students but also contributes to the overall development of educational programs and institutions.
In addition to its financial support, the foundation also invests in leadership training for its chapters. This commitment to nurturing leadership skills is an integral part of its mission, aiming to empower individuals and foster a culture of responsible and effective leadership. The Phi Sigma Sigma Foundation Inc's mission is a testament to its dedication to education, leadership development, and charitable causes, making a tangible difference in the lives of many.
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Impact
July, 2024
Phi Sigma Sigma Foundation Inc's impact can be seen through its support of leadership training for chapters and its dedication to providing educational grants, scholarships, and assistance. In a specific instance, the organization awarded $323,224 in educational grants, scholarships, and assistance, demonstrating its commitment to empowering individuals through education. This impactful work contributes to the advancement of education and the support of charitable organizations, making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Phi Sigma Sigma Foundation Inc. 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 2023.
- Investment Income: $96,261
- Gross Receipts: $1,140,795
Assets and Liabilities:
- Total Assets: $4,004,353
- Total Liabilities: $194,835
- Net Assets: $3,809,518
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Organization Details
Founding Year
2006
Phone
(410) 799-1224Principal Officer
Vanessa Freeman Zerhusen
Main Address
1213 LIBERTY RD STE J 335, ELDERSBURG, MD, 21784
NTEE Category
Code: B11 - Education
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