Overview
What is Gamma Chi Chapter Foundation For Education Inc?
Gamma Chi Chapter Foundation For Education Inc, based in Baltimore, Maryland, is a charitable organization dedicated to supporting students at the University of Maryland (UMD). As a key partner with UMD's Smith School of Business and the Center for Social Value Creation, they provide scholarships, financial aid, and awards to members of the Gamma Chi Chapter. Additionally, they contribute funds to the Sigma Chi Foundation, which in turn offers leadership development opportunities for Gamma Chi members and the larger Sigma Chi International Fraternity. Their primary mission is to empower and uplift the academic pursuits of the Gamma Chi Chapter members at UMD.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star Rating)
The Gamma Chi Chapter Foundation For Education Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization achieved a perfect score in several areas, including having a fully independent board and a commendable program expense ratio of 86.73%, indicating effective allocation of resources towards its educational mission.
Strengths of the foundation include its high accountability standards, demonstrated by the absence of material diversion of assets and the implementation of a whistleblower policy. Additionally, the organization documents its board meeting minutes, further showcasing transparency in its operations. These factors contribute to a solid financial standing with a liabilities to assets ratio of 0.00%, indicating fiscal health.
However, while the foundation demonstrates strong governance practices and financial responsibility, the overall rating suggests room for improvement in areas outside of financial metrics. Stakeholders may want to consider the foundation's impact and outreach efforts to gain a more comprehensive understanding of its effectiveness in fulfilling its educational objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma Chi Chapter Foundation For Education Inc legitimate?
Gamma Chi Chapter Foundation For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma Chi Chapter Foundation For Education 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Gamma Chi Chapter Foundation For Education Inc?
The Gamma Chi Chapter Foundation for Education Inc. is committed to providing scholarships, financial aid, and awards to students at the University of Maryland who are members of the Gamma Chi Chapter. This foundation aims to support the academic pursuits of these students, helping them to achieve their educational goals. In addition to direct financial assistance, the foundation also partners with the University's Smith School of Business and donates funds to the Sigma Chi Foundation. This latter organization provides leadership development opportunities for Gamma Chi members and supports the Sigma Chi International Fraternity.
Who is the CEO of Gamma Chi Chapter Foundation For Education Inc?
Thomas Burton is the President of Gamma Chi Chapter Foundation For Education Inc.
What is the revenue of Gamma Chi Chapter Foundation For Education Inc?
Gamma Chi Chapter Foundation For Education Inc's revenue in 2022 was $57,962.
Who are the executives of Gamma Chi Chapter Foundation For Education Inc and what are their salaries?
There 9 volunteers at Gamma Chi Chapter Foundation For Education Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Gamma Chi Chapter Foundation For Education Inc?
Gamma Chi Chapter Foundation For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gamma Chi Chapter Foundation For Education Inc
Gamma Chi Chapter Foundation For Education Inc, a nonprofit organization, is dedicated to supporting the academic pursuits of students enrolled at the University of Maryland (UMD). Specifically, it provides scholarships, financial aid, and awards to members of the Gamma Chi Chapter within UMD. In an effort to further enhance the educational experience of its beneficiaries, the foundation collaborates with the UMD Smith School of Business's Center for Social Value Creation. Additionally, Gamma Chi Chapter Foundation For Education Inc contributes funds to the Sigma Chi Foundation, which offers leadership development opportunities for its members and supports the Sigma Chi International Fraternity.
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Impact
August, 2024
Gamma Chi Chapter Foundation For Education Inc's impact is significant in providing scholarships, financial aid, and awards to students of the University of Maryland who are members of the Gamma Chi Chapter. By supporting these students financially, the foundation helps alleviate the burden of educational expenses and allows them to focus on their academic pursuits. Additionally, their partnership with the UMD Smith School of Business demonstrates a commitment to fostering new programs that promote social value creation. By donating funds to the Sigma Chi Foundation, the organization further empowers Gamma Chi members with leadership development opportunities within the Sigma Chi International Fraternity. Through their efforts, Gamma Chi Chapter Foundation For Education Inc is making a tangible difference in supporting educational endeavors and shaping future leaders within the University of Maryland community.
This information is meant to be a general summary of Gamma Chi Chapter Foundation For Education 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: $57,962
- Gross Receipts: $57,962
Assets and Liabilities:
- Total Assets: $1,036,909
- Total Liabilities: $0
- Net Assets: $1,036,909
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Organization Details
Founding Year
2013
Phone
(410) 721-9713Principal Officer
Thomas Burton
Main Address
300 EAST LOMBARD STREET 1200, BALTMORE, MD, 21202
NTEE Category
Code: B82 - Education
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