Overview
What is Sigma Phi Epsilon Educational Foundation?
The Sigma Phi Epsilon Educational Foundation is a charitable organization dedicated to advancing the mission of Sigma Phi Epsilon Fraternity, which focuses on building balanced men. The Foundation achieves this goal by granting funds to the Sig Ep Lead Fund, supporting programs such as Programs and Event Staffing, Carlson Leadership Academies, Ruck Leadership Institute, Tragos Quest to Greece Scholars, and Life After College. These initiatives offer training in leadership techniques, problem-solving, goal-setting, financial responsibility, interview skills, resume building, and personal goals. Collectively, they create healthy living environments and foster academic and moral development within undergraduate men. Ultimately, the Sigma Phi Epsilon Educational Foundation contributes to intellectual achievement, morality, and citizenship, as well as encouraging physical and social development within Sigma Phi Epsilon chapters.
Official website here: www.sigep.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
The Sigma Phi Epsilon Educational Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a score of 90% in this category, the organization demonstrates effective management of its resources. The evaluation emphasizes that the majority of board members are independent, which enhances governance and oversight.
The foundation excels in several key areas, including having no material diversion of assets, a robust conflict of interest policy, and a documented whistleblower policy. Additionally, its program expense ratio is impressive at 79.22%, indicating that a significant portion of its funds is directed towards its educational programs rather than administrative costs. The organization's financial health is further underscored by a low liabilities to assets ratio and high working capital ratio, suggesting stability and sustainability.
However, the foundation does have room for improvement, particularly in its fundraising efficiency, which received a score of $0.01. This indicates that the cost of fundraising may be disproportionately high relative to the funds raised. Addressing this issue could enhance their financial effectiveness and allow for more resources to be allocated to their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Phi Epsilon Educational Foundation legitimate?
Sigma Phi Epsilon Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Phi Epsilon Educational 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:
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For more financial information, click here
Official website here: www.sigep.org/foundation
What is the mission statement of Sigma Phi Epsilon Educational Foundation?
The Sigma Phi Epsilon Educational Foundation supports the mission of higher education by granting scholarships and providing resources for healthy living environments and academic development of undergraduate men in Sigma Phi Epsilon Fraternity. The foundation's mission is to foster intellectual achievement, morality, and citizenship, as well as encourage physical and social development among these men.
The Educational Foundation sponsors various programs and events, including Carlson Leadership Academies, which offer training in leadership techniques for brothers keen on leading their chapters. The Ruck Leadership Institute is a 5-day event for top rising leaders, imparting valuable lessons on impacting many through effective leadership. Tragos Quest to Greece Scholars is an international experience for personal growth and discovery, while Life After College engages industry-leading professionals to prepare undergraduates for their future careers. Brothers receive essential skills training and learn how to translate their fraternity involvement into professional success.
Official website here: www.sigep.org/foundation
Who is the CEO of Sigma Phi Epsilon Educational Foundation?
Richard Bennett is the Principal Officer of Sigma Phi Epsilon Educational Foundation.
Official website here: www.sigep.org/foundation
What is the revenue of Sigma Phi Epsilon Educational Foundation?
Sigma Phi Epsilon Educational Foundation's revenue in 2022 was $18,880,897.
Official website here: www.sigep.org/foundation
Who are the executives of Sigma Phi Epsilon Educational Foundation and what are their salaries?
There 10 volunteers at Sigma Phi Epsilon Educational Foundation.
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Official website here: www.sigep.org/foundation
Where can I find the form 990 for Sigma Phi Epsilon Educational Foundation?
Sigma Phi Epsilon Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigep.org/foundation
Learn more at the official website: www.sigep.org/foundation
Mission Statement of Sigma Phi Epsilon Educational Foundation
The Sigma Phi Epsilon Educational Foundation is a charitable organization that supports the mission of higher education by granting scholarships and funding programs that foster academic and moral development among undergraduate men of Sigma Phi Epsilon Fraternity. Established with the aim to stimulate intellectual achievement, promote morality and citizenship, and encourage physical and social growth, the Foundation's activities are geared towards building balanced men.
To achieve this, the Foundation sponsors various programs and events, including Carlson Leadership Academies, which offers training in leadership techniques, problem-solving, goal-setting, and execution for those brothers desiring to lead their chapters. The Carlson Academy is led by experienced alumni and senior leaders, providing participants with enhanced knowledge and confidence to create positive environments for their fellow members. Another program, the Ruck Leadership Institute, is a rigorous five-day event designed for the fraternity's top rising leaders, focusing on teaching the few to impact the many. The Foundation also offers the Tragos Quest to Greece Scholars, an international experience that allows participants to explore the birthplace of Western civilization and embrace sound mind and body. Lastly, Life After College engages industry-leading professionals to prepare undergraduates for their future careers by providing crucial skills training and aiding them in translating their Sig Ep involvement to the professional world. This extensive range of programs and events enables the Foundation to significantly contribute to the growth and development of undergraduate men of Sigma Phi Epsilon Fraternity.
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Impact
October, 2024
The Sigma Phi Epsilon Educational Foundation significantly enhances higher education by providing scholarships and grants that foster healthy living environments and programs aimed at the academic and moral development of undergraduate men. Its initiatives focus on building balanced individuals through leadership training and personal development.
One of the cornerstone programs is the Carlson Leadership Academies, which empower brothers who aspire to lead their chapters by offering training in essential leadership techniques, problem-solving, and goal-setting. Participants leave these academies equipped with greater knowledge and confidence, enabling them to create supportive environments that encourage personal growth among their peers.
Moreover, the Ruck Leadership Institute serves as an intense five-day event for top rising leaders within the fraternity. Through a curriculum modeled on The Leadership Challenge, it teaches emerging leaders how to influence and empower those around them.
Another impactful program is the Tragos Quest to Greece, an enriching experience that immerses participants in the historical foundations of Western civilization. This journey is designed to inspire a sound mind and body, promoting holistic development.
The foundation also offers the Life After College program, which prepares undergraduates for their future careers by engaging industry-leading professionals. This comprehensive approach goes beyond conventional career services, providing personalized coaching, financial responsibility training, and skills such as resume building and interview techniques.
Overall, the Sigma Phi Epsilon Educational Foundation plays a crucial role in stimulating intellectual achievement, promoting morality and citizenship, and encouraging the physical and social development of its members, fostering a holistic approach to personal and professional growth.
This information is meant to be a general summary of Sigma Phi Epsilon Educational 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: $30,337
- Gross Receipts: $18,882,813
Assets and Liabilities:
- Total Assets: $43,580,901
- Total Liabilities: $292,980
- Net Assets: $43,287,921
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Organization Details
Founding Year
1943
Phone
(804) 353-1901Principal Officer
Richard Bennett
Main Address
310 S ARTHUR ASHE BOULEVARD, RICHMOND, VA, 23220
Website
www.sigep.org/foundationNTEE Category
Code: B820 - Education
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