Overview
What is Lambda Kappa Sigma Education Trust?
Lambda Kappa Sigma Education Trust is a Detroit, Michigan-based organization that functions as a fraternity or sorority. Its primary mission is centered around scholarship and educational programs. By offering scholarships and organizing educational initiatives, this nonprofit aims to empower individuals and foster learning opportunities within the community. The specifics of their activities involve providing financial aid and facilitating educational programs for personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Lambda Kappa Sigma Education Trust has received a low rating primarily due to significant gaps in accountability and financial transparency. While the organization boasts a fully independent board and has shown no material diversion of assets, it has scored poorly in several critical governance categories, including missing essential policies such as conflict of interest and whistleblower protections.
Notably, the charity's website is lacking key documents, including its tax form, which detracts from its overall transparency. Furthermore, with a program expense ratio of only 44.27%, there are concerns regarding the allocation of funds towards its mission. These shortcomings significantly impact the charity's overall score and raise questions about its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Lambda Kappa Sigma Education Trust legitimate?
Lambda Kappa Sigma Education Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lambda Kappa Sigma Education Trust 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: $4,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lambda Kappa Sigma Education Trust?
The Lambda Kappa Sigma Education Trust, being a fraternity or sorority, has a mission centered around scholarship and educational programs. Their primary objective is to offer financial aid and educational opportunities to individuals in need. Through these scholarships and educational programs, they aim to contribute positively to the personal and academic growth of the recipients.
Who is the CEO of Lambda Kappa Sigma Education Trust?
Kim E Hancock is the Secretary of Lambda Kappa Sigma Education Trust.
What is the revenue of Lambda Kappa Sigma Education Trust?
Lambda Kappa Sigma Education Trust's revenue in 2022 was $38,881.
Who are the executives of Lambda Kappa Sigma Education Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lambda Kappa Sigma Education Trust?
Lambda Kappa Sigma Education Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lambda Kappa Sigma Education Trust
Lambda Kappa Sigma Education Trust, a fraternity or sorority, is committed to providing scholarship and educational program opportunities. This Detroit-based organization's mission is to invest in the future by offering financial aid and educational resources to individuals. By focusing on scholarship and educational programs, Lambda Kappa Sigma Education Trust seeks to empower individuals, fostering growth and development. Through its initiatives, the organization aims to make education accessible and attainable, thereby contributing to the betterment of society as a whole.
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Impact
August, 2024
Lambda Kappa Sigma Education Trust has a significant impact on education by providing scholarships and educational program opportunities to deserving individuals. Through its efforts, the trust helps individuals achieve their academic goals and pursue higher education, thereby contributing to personal growth and professional development. This support plays a crucial role in empowering students to reach their full potential and make a positive impact in their communities and beyond.
This information is meant to be a general summary of Lambda Kappa Sigma Education Trust. 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: $10,948
- Gross Receipts: $116,250
Assets and Liabilities:
- Total Assets: $465,751
- Total Liabilities: $0
- Net Assets: $465,751
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Organization Details
Founding Year
1975
Phone
(313) 222-2898Principal Officer
Kim E Hancock
Main Address
PO BOX 75000, DETROIT, MI, 482757874
NTEE Category
Code: B99 - Education
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