Overview
What is Phi Sigma Kappa Foundation Inc?
Phi Sigma Kappa Foundation Inc, located in Indianapolis, Indiana, is a nonprofit organization dedicated to promoting educational, literary, and charitable purposes. Its primary mission revolves around granting scholarships, student aid, and assistance to deserving students. The foundation also supports the educational goals of Phi Sigma Kappa Fraternity, fostering its aims and purposes, and engaging in various charitable activities as deemed necessary by its trustees. The organization provides financial aid to both the national fraternity and its individual chapters, thereby contributing to the wider educational community.
Official website here: www.phisigmakappa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
The Phi Sigma Kappa Foundation Inc has achieved a high rating of 92%, which reflects strong accountability and financial management practices. This score is a result of a focused assessment on the foundation's financial integrity, resulting in a Four-Star rating. The organization demonstrates full transparency with a 100% independent board and effective oversight mechanisms, which highlights its commitment to ethical governance.
Key strengths include a solid program expense ratio of 66.83%, indicating that a significant portion of its resources is directed towards its charitable mission. Additionally, the foundation has robust policies in place, such as a conflict of interest policy and a whistleblower policy, ensuring that operations are conducted ethically and transparently. The documentation of board meeting minutes also reflects a commitment to accountability.
While the organization exhibits strong financial health, its program expense ratio could be further optimized to enhance impact. Nonetheless, overall, the Phi Sigma Kappa Foundation Inc stands out for its responsible financial practices and governance, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Phi Sigma Kappa Foundation Inc legitimate?
Phi Sigma Kappa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Sigma Kappa 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.
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Official website here: www.phisigmakappa.org
What is the mission statement of Phi Sigma Kappa Foundation Inc?
The Phi Sigma Kappa Foundation Inc's mission is centered around promoting educational, literary, and charitable purposes. They achieve this by offering scholarships, student aid, and assistance to deserving and needy students. Additionally, the foundation works towards fostering the objectives of the National Fraternity of Phi Sigma Kappa and pursuing other charitable causes as deemed necessary by their trustees from time to time. The foundation's activities are aimed at supporting the educational work of the fraternity and contributing to various charitable causes.
Official website here: www.phisigmakappa.org
Who is the CEO of Phi Sigma Kappa Foundation Inc?
Thomas Grunwald is the President of Phi Sigma Kappa Foundation Inc.
Official website here: www.phisigmakappa.org
What is the revenue of Phi Sigma Kappa Foundation Inc?
Phi Sigma Kappa Foundation Inc's revenue in 2022 was $1,617,464.
Official website here: www.phisigmakappa.org
Who are the executives of Phi Sigma Kappa Foundation Inc and what are their salaries?
There 40 volunteers at Phi Sigma Kappa Foundation Inc.
Here are 30 key members and their salaries:
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Official website here: www.phisigmakappa.org
Where can I find the form 990 for Phi Sigma Kappa Foundation Inc?
Phi Sigma Kappa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phisigmakappa.org
Learn more at the official website: www.phisigmakappa.org
Mission Statement of Phi Sigma Kappa Foundation Inc
Phi Sigma Kappa Foundation Inc is an organization dedicated to promoting educational, literary, and charitable purposes. Their mission is multifaceted, encompassing the advancement of scholarships, student aid, and assistance for needy and deserving students. The foundation also focuses on fostering the aims and purposes of the educational work of the National Fraternity of Phi Sigma Kappa. Furthermore, they engage in charitable activities, with the objectives determined by the foundation's trustees from time to time. In essence, Phi Sigma Kappa Foundation Inc is committed to supporting education and providing aid to deserving students while also contributing to various charitable causes.
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Impact
October, 2024
Phi Sigma Kappa Foundation Inc significantly impacts the lives of students by promoting educational opportunities, providing scholarships, and offering financial aid to those in need. Through its dedicated efforts, the foundation ensures that deserving members of the Grand Chapter of Phi Sigma Kappa receive the necessary assistance to further their education and achieve their academic goals.
The foundation supports the development and enhancement of educational programming for the national fraternity, fostering an environment that encourages literary pursuits and academic excellence. Grants are also distributed to both the Grand Chapter and individual chapters, facilitating initiatives that align with its mission to serve the educational needs of its members. By prioritizing scholarships and student assistance, the foundation plays a vital role in shaping the futures of countless young individuals and reinforcing the values of leadership and community service within the fraternity.
This information is meant to be a general summary of Phi Sigma Kappa 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: $751,749
- Gross Receipts: $3,655,374
Assets and Liabilities:
- Total Assets: $2,952,369
- Total Liabilities: $46,758
- Net Assets: $2,905,611
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Organization Details
Founding Year
1946
Phone
(317) 573-5420Principal Officer
Thomas Grunwald
Main Address
2925 E 96TH ST, INDIANAPOLIS, IN, 46240
Website
www.phisigmakappa.orgNTEE Category
Code: B83 - Education
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