Overview
What is Sigma Beta Xi Inc?
Sigma Beta Xi Inc is a nonprofit organization situated in Moreno Valley, California, with a ZIP code of 92557. Their primary objective is to combat poverty by offering mentoring and educational support to youth. They achieve this goal by collaborating with city, county, and school districts to implement various educational programs. The organization is actively engaged in mentoring approximately 400 students across 15 different school campuses within the Inland Empire Metropolitan Area of Southern California. Their mission is to positively impact the lives of these students and contribute to breaking the cycle of poverty in their community.
Official website here: www.sigmabetaxi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Sigma Beta Xi Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in several key areas, particularly in board independence and financial transparency, with a lack of independent board members and missing financial statements contributing to its low score.
Despite these challenges, Sigma Beta Xi demonstrates strengths in its program expenses and fundraising efficiency, with an impressive program expense ratio of 79.06% and a fundraising efficiency ratio of $0.08. Additionally, the organization has excelled in feedback collection and usage, reflecting a commitment to understanding and addressing community needs.
However, the absence of critical policies such as conflict of interest, whistleblower, and document retention, along with no recorded board meeting minutes, raises concerns about governance and operational integrity. Overall, while the organization shows potential in specific areas, its low score reflects significant areas for improvement that potential donors and stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Beta Xi Inc legitimate?
Sigma Beta Xi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Beta Xi 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: $234,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,265,702
For more financial information, click here
Official website here: www.sigmabetaxi.com
What is the mission statement of Sigma Beta Xi Inc?
Sigma Beta Xi Inc's mission revolves around mentoring approximately 400 students across 15 different school campuses. Their primary goal is to utilize all income to break the cycle of poverty through youth mentoring and education. The organization implements educational support programs in collaboration with city, county, and school districts, aiming to provide a comprehensive approach to empowering young minds. By offering mentorship, they aim to provide a supportive environment that fosters learning and personal growth, ultimately contributing to a more equitable society.
Official website here: www.sigmabetaxi.com
Who is the CEO of Sigma Beta Xi Inc?
Corey A Jackson is the President & Ceo of Sigma Beta Xi Inc. The CEO's salary of Sigma Beta Xi Inc is $97,390 and their total compensation is $97,390.
Official website here: www.sigmabetaxi.com
What is the revenue of Sigma Beta Xi Inc?
Sigma Beta Xi Inc's revenue in 2022 was $2,905,309.
Official website here: www.sigmabetaxi.com
Who are the executives of Sigma Beta Xi Inc and what are their salaries?
The average compensation at Sigma Beta Xi Inc during 2022 was $36,591. There are 41 employees at Sigma Beta Xi Inc.
Here are 9 key members and their salaries (Sigma Beta Xi Inc's CEO's salary is $97,390 and their total compensation is $97,390):
- Compensation: $97,390
- Related: $0
- Other: $0
- Compensation: $69,615
- Related: $0
- Other: $0
- Compensation: $67,520
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sigmabetaxi.com
Where can I find the form 990 for Sigma Beta Xi Inc?
Sigma Beta Xi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmabetaxi.com
Learn more at the official website: www.sigmabetaxi.com
Mission Statement of Sigma Beta Xi Inc
Sigma Beta Xi Inc, a nonprofit organization, is dedicated to breaking the cycle of poverty through youth mentoring and education. Their mission is to provide mentoring services to approximately 400 students across 15 different school campuses located within the Inland Empire metropolitan area of Southern California. This nonprofit organization implements educational support programs in collaboration with city, county, and school districts. By doing so, Sigma Beta Xi Inc aims to support and guide the youth, helping them navigate their educational journey and ultimately overcome challenges associated with poverty.
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Impact
October, 2024
Sigma Beta Xi Inc significantly impacts the Inland Empire metropolitan area by providing mentorship to approximately 400 students across 15 school campuses. This initiative focuses on breaking the cycle of poverty through education and support, addressing critical needs within underserved communities.
The organization implements educational support programs in collaboration with city, county, and school districts, enhancing the academic resources available to students. This mentorship not only fosters academic growth but also encourages personal development and resilience among youth. By prioritizing education and mentorship, Sigma Beta Xi Inc contributes to building a brighter future for students, equipping them with the skills and support needed to succeed in their educational journeys and beyond.
This information is meant to be a general summary of Sigma Beta Xi 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: $549
- Program Service Revenue: $500,762
- Gross Receipts: $2,905,309
Assets and Liabilities:
- Total Assets: $3,234,169
- Total Liabilities: $3,240,903
- Net Assets: -$6,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MENTORING SERVICE PROGRAM
Revenue
$500,762
Organization Details
Founding Year
2010
Phone
(951) 247-1700Principal Officer
Corey A Jackson
Main Address
12125 DAY ST E303, MORENO VALLEY, CA, 92557
Website
www.sigmabetaxi.comNTEE Category
Code: W03 - Public benefit
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