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Alpha Sigma Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311681459 ✦ Signal mountain, TN ✦ Designated as a 501(c)(3)

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Overview

What is Alpha Sigma Foundation?

The Alpha Sigma Foundation is a nonprofit organization that is dedicated to fostering educational growth. They accomplish this by granting funding to chosen Alpha Sigma members of Chi Psi fraternity for enriching summer experiences. Furthermore, they extend their support to post-graduate students through the Brothers Honored Brothers Remembered Scholarship. The primary objective of Alpha Sigma Foundation is to advance learning, making it an essential resource for these individuals seeking academic development.


Official website here: www.alphasigmafoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star rating.

The Alpha Sigma Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance metrics. The rating is particularly impressive due to the charity's strong governance structure, with 100% of its board members being independent and a total of seven independent members on the board. This demonstrates a commitment to transparency and ethical management.

Financially, the foundation has shown effective resource management, as indicated by a program expense ratio of 69.68%, meaning a significant portion of its funds is directed toward its charitable programs. Additionally, the organization maintains a zero liability to assets ratio, suggesting it is financially stable and not over-leveraged. They also provide access to board meeting minutes and have their website listed on tax forms, further emphasizing their accountability.

While the charity's overall score is commendable, it is essential for potential donors to continue monitoring its performance and ensure that the organization maintains its standards of transparency and effectiveness in fulfilling its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Alpha Sigma Foundation legitimate?

Alpha Sigma Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alpha Sigma Foundation 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: $8,047
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.alphasigmafoundation.org

What is the mission statement of Alpha Sigma Foundation?

The Alpha Sigma Foundation's mission is centered around promoting the advancement of learning. They accomplish this by offering grants to chosen undergraduate members of Alpha Sigma, a chapter of Chi Psi, for enriching summer experiences. Furthermore, the foundation extends its support to post-graduate students by providing the Brothers Honored Brothers Remembered Scholarship.


Official website here: www.alphasigmafoundation.org

Who is the CEO of Alpha Sigma Foundation?

Scott Norberg is the President of Alpha Sigma Foundation.


Official website here: www.alphasigmafoundation.org

What is the revenue of Alpha Sigma Foundation?

Alpha Sigma Foundation's revenue in 2022 was $80,061.


Official website here: www.alphasigmafoundation.org

Who are the executives of Alpha Sigma Foundation and what are their salaries?

There 6 volunteers at Alpha Sigma Foundation.


Here are 6 key members and their salaries:


Scott Norberg (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William F A Decosimo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lloyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trevor Thornton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.alphasigmafoundation.org

Where can I find the form 990 for Alpha Sigma Foundation?

Alpha Sigma Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.alphasigmafoundation.org

Learn more at the official website: www.alphasigmafoundation.org

Mission Statement of Alpha Sigma Foundation

The Alpha Sigma Foundation, a nonprofit organization, is committed to fostering the advancement of learning. They achieve this mission by offering financial aid in the form of grants to selected Alpha Sigma members of Chi Psi, during their undergraduate summer enrichment experiences. Furthermore, the foundation extends its support to those pursuing post-graduate degrees by providing the Brothers Honored Brothers Remembered Scholarship. In essence, the Alpha Sigma Foundation invests in the educational growth of its members, contributing to their personal and professional development.

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Impact




August, 2024

The Alpha Sigma Foundation's impact is significant in promoting the advancement of learning through grants provided to selected Alpha Sigma of Chi Psi undergraduates for summer enrichment experiences. Additionally, they offer the Brothers Honored Brothers Remembered Scholarship for those pursuing post-graduate degrees. This philanthropic foundation based in Signal Mountain, TN, plays a crucial role in supporting educational opportunities for students and professionals within the Chi Psi fraternity, helping them achieve their academic and career goals.




This information is meant to be a general summary of Alpha Sigma Foundation. 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.

Revenue
$80,061 (2022)
Expenses
$28,547 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $25,106
  • Gross Receipts: $80,061

Assets and Liabilities:

  • Total Assets: $824,927
  • Total Liabilities: $0
  • Net Assets: $824,927

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Organization Details

Founding Year

1999

Principal Officer

Scott Norberg

Main Address

406 GLENWAY AVE, SIGNAL MOUNTAIN, TN, 37377

NTEE Category

Code: T30 - Philanthropy

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