Overview
What is Sigma Alpha Iota Philanthropies Inc?
Sigma Alpha Iota Philanthropies Inc, situated in Asheville, North Carolina (specifically at 1 Tunnel Road), is a nonprofit organization with a dedicated mission to foster musical development and growth among students. They accomplish this by distributing scholarships and grants. The organization's broader objective is to elevate and advance various facets of music, ultimately aiming to raise the overall standards in the music sphere.
Official website here: www.sai-national.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
Sigma Alpha Iota Philanthropies Inc has achieved a strong rating of 91% from Charity Navigator, indicating a robust performance in Accountability and Finance. This rating is significant as it reflects the organization's commitment to transparency and responsible financial management, which is critical for donor trust and support. The rating is solely based on a comprehensive evaluation of their financial practices.
The organization boasts a fully independent board, with 100% of its members meeting independence criteria, enhancing its governance integrity. It also scores high in various financial oversight areas, including having no material assets diversion and maintaining a low liabilities to assets ratio of just 0.74%. Furthermore, they have transparent policies concerning conflict of interest and document retention, contributing to the overall solid governance structure.
However, while the program expense ratio is commendable at 65.88%, it falls slightly short of the maximum score in that category, suggesting there may be room for improvement in program spending relative to overall expenses. Overall, Sigma Alpha Iota Philanthropies Inc demonstrates strong financial health and ethical governance practices, making it a trustworthy organization for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Alpha Iota Philanthropies Inc legitimate?
Sigma Alpha Iota Philanthropies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Alpha Iota Philanthropies 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: $3,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sai-national.org/
What is the mission statement of Sigma Alpha Iota Philanthropies Inc?
Sigma Alpha Iota Philanthropies Inc's mission is centered around advancing music in its entirety and improving the standards associated with it. To accomplish this, the organization focuses on providing scholarships and grants, serving as a catalyst for musical development and growth among aspiring musicians. By doing so, they aim to foster a stronger musical community and contribute to the overall cultural enrichment that music brings.
Official website here: www.sai-national.org/
Who is the CEO of Sigma Alpha Iota Philanthropies Inc?
Ruth S Johnson is the Chairman of Sigma Alpha Iota Philanthropies Inc.
Official website here: www.sai-national.org/
What is the revenue of Sigma Alpha Iota Philanthropies Inc?
Sigma Alpha Iota Philanthropies Inc's revenue in 2022 was $517,775.
Official website here: www.sai-national.org/
Who are the executives of Sigma Alpha Iota Philanthropies Inc and what are their salaries?
There 450 volunteers at Sigma Alpha Iota Philanthropies Inc.
Here are 9 key members and their salaries:
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,000
- Other: $0
- Compensation: $0
- Related: $1,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $83,776
- Other: $0
Official website here: www.sai-national.org/
Where can I find the form 990 for Sigma Alpha Iota Philanthropies Inc?
Sigma Alpha Iota Philanthropies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sai-national.org/
Learn more at the official website: www.sai-national.org/
Mission Statement of Sigma Alpha Iota Philanthropies Inc
Sigma Alpha Iota Philanthropies Inc aims to advance all facets of music and elevate its standards. As part of their mission, they provide scholarships and grants to encourage musical development and growth among aspiring musicians. This nonprofit organization is dedicated to fostering a thriving music community, investing in the next generation of musicians and nurturing their talents. By offering financial support, Sigma Alpha Iota Philanthropies Inc seeks to make musical education more accessible and to inspire a love of music in students at all levels.
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Impact
July, 2024
Sigma Alpha Iota Philanthropies Inc's impact lies in advancing all phases of music and promoting musical development and growth among musical students. This organization provides scholarships and grants to support the education and development of aspiring musicians. Through their efforts, they are raising the standards of music and helping individuals pursue their passion for music.
This information is meant to be a general summary of Sigma Alpha Iota Philanthropies 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: $303,750
- Program Service Revenue: $365
- Gross Receipts: $517,775
Assets and Liabilities:
- Total Assets: $5,369,125
- Total Liabilities: $46,352
- Net Assets: $5,322,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTIONS
Revenue
$365
Organization Details
Founding Year
1974
Phone
(828) 251-0606Principal Officer
Ruth S Johnson
Main Address
1 TUNNEL ROAD, ASHEVILLE, NC, 28805
Website
www.sai-national.org/NTEE Category
Code: A68Z - Arts
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