Overview
What is Sigma Pi Educational Foundation Inc?
Sigma Pi Educational Foundation Inc, located in Nashville, Tennessee, serves as a supportive entity for the Sigma Pi Fraternity International Inc. Their primary mission is to promote educational achievements among its members, recognizing their scholarly prowess, leadership capabilities, and community involvement. To achieve this goal, the foundation offers scholarships, grants, and educational programs. Their activities are centered around fostering leadership development, thereby furthering the ideals of the Sigma Pi Fraternity. The foundation's efforts extend to providing necessary educational resources for its members.
Official website here: www.sigmapiedfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 48%, Zero-Star out of Four Star rating.
The Sigma Pi Educational Foundation Inc has received a low score of 48%, indicating significant areas of concern regarding its accountability and financial practices. While it boasts commendable governance features, including a fully independent board and well-executed financial audits, there are notable deficiencies in its operational transparency. The absence of a whistleblower policy and documentation retention procedures raises questions about the organization's commitment to ethical oversight.
Financially, the foundation has a program expense ratio of 43.41%, which suggests that a substantial portion of its expenses is not directed towards programs, leading to concerns about its overall efficiency. Additionally, a liabilities to assets ratio of 0.26% indicates potential financial instability, which could impact its long-term sustainability. These factors collectively contribute to its low rating and pose challenges for potential donors considering support.
In summary, while the Sigma Pi Educational Foundation Inc demonstrates some strengths in governance, the significant gaps in transparency and financial health warrant caution. Prospective stakeholders may want to consider these limitations carefully when evaluating their involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Pi Educational Foundation Inc legitimate?
Sigma Pi Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Pi Educational 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: $32,328
Other Salaries and Wages: $0
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Official website here: www.sigmapiedfund.org
What is the mission statement of Sigma Pi Educational Foundation Inc?
The Sigma Pi Educational Foundation Inc is committed to advancing the educational pursuits of the Sigma Pi Fraternity, International Inc., and its members. To accomplish this, the foundation provides scholarships, grants, and educational programming to members of the Sigma Pi Fraternity, International Inc. The foundation supports college education by recognizing outstanding scholarship, leadership, and community involvement through the awarding of scholarships. The mission of the Sigma Pi Educational Foundation Inc is to foster educational growth and leadership development within the fraternity.
Official website here: www.sigmapiedfund.org
Who is the CEO of Sigma Pi Educational Foundation Inc?
Daniel Daugherty is the Chairman of Sigma Pi Educational Foundation Inc. The CEO's salary of Sigma Pi Educational Foundation Inc is $0 and their total compensation is $0.
Official website here: www.sigmapiedfund.org
What is the revenue of Sigma Pi Educational Foundation Inc?
Sigma Pi Educational Foundation Inc's revenue in 2022 was $849,064.
Official website here: www.sigmapiedfund.org
Who are the executives of Sigma Pi Educational Foundation Inc and what are their salaries?
Here are 8 key members and their salaries (Sigma Pi Educational Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.sigmapiedfund.org
Where can I find the form 990 for Sigma Pi Educational Foundation Inc?
Sigma Pi Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmapiedfund.org
Learn more at the official website: www.sigmapiedfund.org
Mission Statement of Sigma Pi Educational Foundation Inc
Sigma Pi Educational Foundation, Inc. is committed to advancing the educational pursuits of the Sigma Pi Fraternity, International Inc., and its members. To achieve this goal, the foundation offers scholarships, grants, and educational programming to its members. The foundation recognizes and rewards outstanding scholarship, leadership, and community involvement among its members, thereby supporting their educational goals. By providing these resources, Sigma Pi Educational Foundation, Inc. aims to strengthen the fraternity and its members, fostering a culture of academic excellence and leadership.
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Impact
October, 2024
Sigma Pi Educational Foundation Inc profoundly impacts college education by awarding scholarships to recognize outstanding scholarship, leadership, and community involvement. By supporting the educational pursuits of Sigma Pi Fraternity members, the foundation promotes academic excellence and personal growth. It provides essential scholarships, grants, and educational programming, helping to cultivate future leaders within the fraternity and beyond. This commitment to advancing education fosters a culture of achievement and community engagement among its members, creating a lasting legacy of leadership and scholarly success. The foundation plays a critical role in empowering individuals to reach their full potential and contribute positively to society.
This information is meant to be a general summary of Sigma Pi Educational 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 2022.
- Investment Income: $315,248
- Program Service Revenue: $13,715
- Gross Receipts: $1,056,950
Assets and Liabilities:
- Total Assets: $5,123,334
- Total Liabilities: $26,208
- Net Assets: $5,097,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES & EVENTS
Revenue
$13,715
Organization Details
Founding Year
1952
Phone
(615) 921-2300Principal Officer
Daniel Daugherty
Main Address
1101 KERMIT DRIVE SUITE 730, NASHVILLE, TN, 37217
Website
www.sigmapiedfund.orgNTEE Category
Code: B90 - Education
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