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Sigma Chi Foundation At Auburn University Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593024291 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Sigma Chi Foundation At Auburn University Inc?

Sigma Chi Foundation at Auburn University Inc is a nonprofit organization situated in Birmingham, Alabama. Its primary mission is to support the educational endeavors of members belonging to the Gamma Sigma Chapter of the Sigma Chi Fraternity at Auburn University. This support is primarily in the form of scholarships and funding for the operational and maintenance expenses of the portion of the fraternity house utilized exclusively for educational purposes. The foundation's activities aim to foster an educational environment for its members, thereby contributing to their academic growth and personal development.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

The Sigma Chi Foundation at Auburn University Inc has received a 73% rating from Charity Navigator, which classifies it as a Two-Star organization. This rating reflects the foundation's accountability and financial practices, where it scored highly in areas such as having a majority independent board and no material diversion of assets. Furthermore, the organization demonstrates strong program expense efficiency, with 96.28% of its expenses directed towards programs.

However, there are notable limitations in the foundation's governance and transparency policies. The lack of essential documents, such as a conflict of interest policy, whistleblower policy, and guidelines for document retention, indicates significant areas for improvement. Additionally, the absence of a website listing on the tax form further detracts from its overall accountability.

While the foundation excels in several financial metrics, the missing policies and documentation could raise concerns for potential donors regarding governance practices. Addressing these issues could enhance the foundation's credibility and overall rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Sigma Chi Foundation At Auburn University Inc legitimate?

Sigma Chi Foundation At Auburn University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Chi Foundation At Auburn University 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: $0

For more financial information, click here

What is the mission statement of Sigma Chi Foundation At Auburn University Inc?

The Sigma Chi Foundation at Auburn University Inc. is committed to providing educational assistance to members of the Gamma Sigma Chapter of the Sigma Chi Fraternity at Auburn University. This is achieved through the provision of scholarships and allocating funds for the operation and maintenance of the educational portion of the fraternity house, which is exclusively used for educational purposes. The foundation's goal is to create a conducive educational environment for these fraternity members, thereby contributing to their overall academic growth and development.

Who is the CEO of Sigma Chi Foundation At Auburn University Inc?

John Smyth is the Director of Sigma Chi Foundation At Auburn University Inc.

What is the revenue of Sigma Chi Foundation At Auburn University Inc?

Sigma Chi Foundation At Auburn University Inc's revenue in 2022 was $47,094.

Who are the executives of Sigma Chi Foundation At Auburn University Inc and what are their salaries?

There 20 volunteers at Sigma Chi Foundation At Auburn University Inc.


Here are 5 key members and their salaries:


Jim Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Smyth (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Shackelford (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilson Meadows (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sigma Chi Foundation At Auburn University Inc?

Sigma Chi Foundation At Auburn University Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sigma Chi Foundation At Auburn University Inc

The Sigma Chi Foundation at Auburn University Inc is dedicated to supporting the educational pursuits of its members within the Gamma Sigma Chapter of the Sigma Chi Fraternity at Auburn University. The organization's mission revolves around providing financial assistance in the form of scholarships and funding for the operational and maintenance needs of the educational portion of the fraternity house. This designated space is utilized exclusively for educational purposes, enhancing the learning environment for these fraternity members. By offering these resources, the Sigma Chi Foundation at Auburn University Inc aims to foster a conducive educational atmosphere for its members, thereby empowering their academic growth and development.

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Impact




August, 2024

The impact of Sigma Chi Foundation at Auburn University Inc is focused on providing scholarships and creating an educational environment for members of the Gamma Sigma chapter of the Sigma Chi fraternity at Auburn University. By offering educational assistance through scholarships and funding for the operation and maintenance of the specifically designated educational areas within the fraternity house, the Foundation contributes to the academic success and growth of its members. Through these initiatives, the Foundation supports the educational pursuits and development of the fraternity members at Auburn University.




This information is meant to be a general summary of Sigma Chi Foundation At Auburn University 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.

Revenue
$47,094 (2022)
Expenses
$26,140 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $16,646
  • Gross Receipts: $47,124

Assets and Liabilities:

  • Total Assets: $431,284
  • Total Liabilities: $0
  • Net Assets: $431,284

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Organization Details

Founding Year

1991

Principal Officer

John Smyth

Main Address

CO J SMYTH1901 SIXTH AVE N 17, BIRMINGHAM, AL, 35203

NTEE Category

Code: B82 - Education

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