Overview
What is Sigma Nu Educational Foundation Inc?
Sigma Nu Educational Foundation Inc, located in Lexington, Virginia, functions as a nonprofit organization dedicated to supporting the educational programs of Sigma Nu Fraternity, Inc's chapters and housing entities. The foundation provides grants to fund various educational initiatives, such as the implementation of their LEAD program, qualified educational expenses for housing, and other educational projects of the chapters. Their mission is to secure and offer lasting resources to uphold the educational and charitable endeavors of Sigma Nu Fraternity.
Official website here: www.sigmanufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 90%, Four-Star out of Four Star rating.
The Sigma Nu Educational Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is derived entirely from its accountability and finance metrics, underscoring the organization’s commitment to maintaining transparency and sound financial practices. The foundation has shown excellence in various areas, such as having a fully independent board and comprehensive financial oversight.
Among its strengths, the foundation demonstrates a solid financial health with a low liabilities-to-assets ratio and a high working capital ratio, indicating effective management of resources. Furthermore, its fundraising efficiency is notable, with minimal costs associated with generating funds. The foundation’s policies, including a whistleblower policy and conflict of interest policy, reinforce its commitment to ethical governance and operational integrity.
While the overall rating is impressive, it is important for potential donors and stakeholders to consider the foundation's specific programs and impact, which are not detailed in the financial assessment. As with any organization, ongoing monitoring of its activities and outcomes will be essential to ensure it continues to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Nu Educational Foundation Inc legitimate?
Sigma Nu Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Nu Educational Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,476
For more financial information, click here
Official website here: www.sigmanufoundation.org
What is the mission statement of Sigma Nu Educational Foundation Inc?
The Sigma Nu Educational Foundation's mission is to ensure the continuity of resources for the educational and charitable initiatives of the Sigma Nu Fraternity. This is achieved by providing grants and educational assistance to the individual chapters and housing entities of the fraternity. The foundation supports educational programs through initiatives like the LEAD program, qualified educational expenditures for housing, and various other educational projects of the chapters. The goal is to enhance the educational experiences and opportunities within the Sigma Nu Fraternity.
Official website here: www.sigmanufoundation.org
Who is the CEO of Sigma Nu Educational Foundation Inc?
Nicholas L Murphy is the Chairman of Sigma Nu Educational Foundation Inc.
Official website here: www.sigmanufoundation.org
What is the revenue of Sigma Nu Educational Foundation Inc?
Sigma Nu Educational Foundation Inc's revenue in 2022 was $3,269,902.
Official website here: www.sigmanufoundation.org
Who are the executives of Sigma Nu Educational Foundation Inc and what are their salaries?
There 45 volunteers at Sigma Nu Educational Foundation Inc.
Here are 17 key members and their salaries:
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- Related: $371,573
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- Related: $191,756
- Other: $1,666
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- Related: $174,683
- Other: $11,286
Official website here: www.sigmanufoundation.org
Where can I find the form 990 for Sigma Nu Educational Foundation Inc?
Sigma Nu Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmanufoundation.org
Learn more at the official website: www.sigmanufoundation.org
Mission Statement of Sigma Nu Educational Foundation Inc
The Sigma Nu Educational Foundation is dedicated to ensuring and providing long-lasting resources to support the educational and charitable initiatives of Sigma Nu Fraternity. In essence, its mission is to strengthen the educational programs of individual chapters and housing entities within the Sigma Nu Fraternity by providing grants and educational assistance. This support extends to various initiatives, such as the implementation of the LEAD Program, qualified educational expenditures for housing, and other educational programs that the chapters may undertake. By doing so, the Sigma Nu Educational Foundation plays a crucial role in fostering the growth and development of its affiliated chapters, ultimately contributing to the broader goals and values of Sigma Nu Fraternity.
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Impact
July, 2024
The Sigma Nu Educational Foundation Inc secures and provides enduring resources to support the educational and charitable initiatives of Sigma Nu Fraternity. It grants educational assistance to chapters and housing entities, supporting educational programs, implementing the LEAD program, and funding qualified educational expenditures for housing. This foundation plays a crucial role in enhancing the educational experiences and opportunities for members of Sigma Nu Fraternity, ultimately contributing to their personal and professional growth.
This information is meant to be a general summary of Sigma Nu Educational Foundation 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: $435,409
- Program Service Revenue: $172,520
- Gross Receipts: $7,894,947
Assets and Liabilities:
- Total Assets: $16,336,888
- Total Liabilities: $493,040
- Net Assets: $15,843,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEADQUARTERS SHRINE
Revenue
$172,520
Organization Details
Founding Year
1946
Phone
(540) 463-1869Principal Officer
Nicholas L Murphy
Main Address
PO BOX 1869, LEXINGTON, VA, 24450
Website
www.sigmanufoundation.orgNTEE Category
Code: B83I - Education
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