Overview
What is Sigma Chi Foundation?
The Sigma Chi Foundation, situated in Evanston, Illinois, is a nonprofit organization dedicated to supporting the educational growth and leadership development of its members affiliated with the Sigma Chi fraternity. Annually, they grant funds for values-based leadership training programs and provide academic scholarships. Moreover, they offer financial assistance to enhance educational facilities at chapter houses across the United States. The foundation also houses a museum filled with historical artifacts. In essence, the Sigma Chi Foundation focuses on promoting higher education and fosters a commitment to ethical practices in managing and distributing its financial resources.
Official website here: www.sigmachi.org/foundation
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**
The Sigma Chi Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional accountability and financial health. With a perfect score in accountability, the organization demonstrates strong governance practices, including an independent board and comprehensive oversight mechanisms. Its program expense ratio of over 70% indicates a commitment to utilizing funds effectively for its core missions.
Furthermore, the foundation exhibits high efficiency in fundraising efforts and maintains a solid working capital ratio, ensuring its stability and ability to thrive. The absence of any material diversions of assets, along with a robust policy framework covering conflict of interest and whistleblower protections, underlines its dedication to transparency and ethical operations.
Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Chi Foundation legitimate?
Sigma Chi Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Chi 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: $583,315
Professional Fundraising Fees: $70,000
Other Salaries and Wages: $2,097,226
For more financial information, click here
Official website here: www.sigmachi.org/foundation
What is the mission statement of Sigma Chi Foundation?
The Sigma Chi Foundation, with a focus on higher education, seeks to procure financial resources and exhibits exemplary ethical practices. Its primary purpose is to support Sigma Chi fraternity and leadership development through faithful stewardship. The foundation annually funds values-based leadership training programs for Sigma Chi members, provides academic scholarships, and supports educational facilities at chapter houses across the United States. Furthermore, the foundation maintains a museum housing historical objects and matters.
Official website here: www.sigmachi.org/foundation
Who is the CEO of Sigma Chi Foundation?
John Price is the Chairman of Sigma Chi Foundation. The CEO's salary of Sigma Chi Foundation is $318,838 and their total compensation is $345,339.
Official website here: www.sigmachi.org/foundation
What is the revenue of Sigma Chi Foundation?
Sigma Chi Foundation's revenue in 2022 was $10,362,390.
Official website here: www.sigmachi.org/foundation
Who are the executives of Sigma Chi Foundation and what are their salaries?
The average compensation at Sigma Chi Foundation during 2022 was $107,222. There are 25 employees at Sigma Chi Foundation.
Here are 28 key members and their salaries (Sigma Chi Foundation's CEO's salary is $318,838 and their total compensation is $345,339):
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- Other: $11,837
Official website here: www.sigmachi.org/foundation
Where can I find the form 990 for Sigma Chi Foundation?
Sigma Chi Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmachi.org/foundation
Learn more at the official website: www.sigmachi.org/foundation
Mission Statement of Sigma Chi Foundation
The Sigma Chi Foundation, a distinguished entity, is dedicated to promoting higher education. Its mission encompasses soliciting financial resources, practicing faithful stewardship, and engaging in exemplary ethical practices. The foundation supports this objective by annually funding educational grants that foster values-based leadership training programs for members of the Sigma Chi Fraternity. Beyond this, the foundation directly funds academic scholarships and makes grants to support educational facilities at chapter houses situated across the United States. Furthermore, the Sigma Chi Foundation maintains a museum housing historical objects and matters, preserving the organization's rich heritage.
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Impact
October, 2024
The Sigma Chi Foundation significantly enhances higher education by providing essential funding for values-based leadership training programs specifically designed for members of the Sigma Chi Fraternity. Each year, it supports educational grants that facilitate the development of leadership skills among its members. In addition to leadership training, the Foundation directly awards academic scholarships, making a tangible difference in the lives of students pursuing their education.
Beyond scholarships and training, the Foundation plays a crucial role in improving educational facilities at chapter houses across the United States, ensuring that members have access to the resources they need for academic success. Furthermore, it preserves and showcases the history of the Sigma Chi Fraternity through its museum, which houses numerous historical objects and artifacts, fostering a deeper appreciation for the organization's legacy. Overall, the Sigma Chi Foundation is dedicated to promoting education and leadership development, contributing positively to the lives of its members and the broader community.
This information is meant to be a general summary of Sigma Chi 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $647,867
- Program Service Revenue: $107,986
- Gross Receipts: $11,137,120
Assets and Liabilities:
- Total Assets: $41,148,904
- Total Liabilities: $6,528,440
- Net Assets: $34,620,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$107,986
Organization Details
Founding Year
1939
Phone
(847) 869-3655Principal Officer
John Price
Main Address
1714 HINMAN AVENUE, EVANSTON, IL, 60201
Website
www.sigmachi.org/foundationNTEE Category
Code: B82Z - Education
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