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Tau Sigma Inc

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

EIN: 631235903 ✦ Auburn university, AL ✦ Designated as a 501(c)(3)

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Overview

What is Tau Sigma Inc?

Tau Sigma Inc is a distinguished nonprofit organization situated at Auburn University, Alabama. With a focus on academic achievement, this society specifically recognizes and encourages the academic excellence and involvement of transfer students. Their mission is to foster a sense of community among these students, providing them with a platform to showcase their accomplishments and engage in meaningful activities. The organization is staffed by a small team of three dedicated individuals.


Official website here: www.auburn.edu/tausigma

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

Tau Sigma Inc has received a Three-Star rating from Charity Navigator, indicating a fair level of performance in accountability and finance. The charity primarily excels in maintaining an independent board, with 100% of its members being independent, which is crucial for governance and oversight. Additionally, it has a strong program expense ratio of 93.68%, showing that a significant portion of its funds is directed towards its programs.

However, there are notable areas for improvement. The organization lacks key policies, including a conflict of interest policy, a whistleblower policy, and documentation retention and destruction policies, which received a score of zero. This gap could pose risks regarding transparency and ethical governance. Moreover, while the charity's website is compliant in some aspects, it is missing important documents as outlined in their Form 990.

In summary, while Tau Sigma Inc demonstrates strong financial practices and governance through an independent board and effective program expenditures, the absence of crucial policies indicates a need for enhanced accountability measures to strengthen its overall ratings in the future.


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

Is Tau Sigma Inc legitimate?

Tau Sigma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tau Sigma 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: $99,054

For more financial information, click here


Official website here: www.auburn.edu/tausigma

What is the mission statement of Tau Sigma Inc?

Tau Sigma Inc, an academic honor society, is specifically established to recognize and advocate for the academic excellence and involvement of transfer students. Its mission is to promote academic achievement among this group, thereby elevating their status within the academic community. The society strives to celebrate the academic accomplishments and active participation of transfer students, thereby fostering a sense of belonging and recognition. By recognizing and promoting their academic achievements, Tau Sigma Inc aims to enhance the profile and standing of transfer students in the academic world.


Official website here: www.auburn.edu/tausigma

Who is the CEO of Tau Sigma Inc?

Lee Colquitt is the President of Tau Sigma Inc.


Official website here: www.auburn.edu/tausigma

What is the revenue of Tau Sigma Inc?

Tau Sigma Inc's revenue in 2022 was $524,026.


Official website here: www.auburn.edu/tausigma

Who are the executives of Tau Sigma Inc and what are their salaries?

The average compensation at Tau Sigma Inc during 2022 was $33,018. There are 3 employees at Tau Sigma Inc.


Here are 6 key members and their salaries:


Norman Godwin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Baljet (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Mccarthy (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Waggoner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Thomas (Secretary Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susannah Cleveland (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.auburn.edu/tausigma

Where can I find the form 990 for Tau Sigma Inc?

Tau Sigma Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.auburn.edu/tausigma

Learn more at the official website: www.auburn.edu/tausigma

Mission Statement of Tau Sigma Inc

Tau Sigma Inc, an academic honor society, is specifically dedicated to recognizing and promoting the academic excellence and involvement of transfer students. The mission of this esteemed organization is to highlight the achievements of these students, encouraging their continued academic growth and engagement in their new academic environment. By recognizing and promoting academic achievement for transfer students, Tau Sigma Inc aims to foster a sense of community and inclusion among this often underrepresented group, ensuring that their unique experiences and accomplishments are celebrated and valued.

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Impact




July, 2024

Tau Sigma Inc's impact lies in its dedication to recognizing and promoting academic excellence and involvement among transfer students. By providing a platform for these students to showcase their achievements, Tau Sigma Inc not only values their hard work but also encourages them to strive for further success. This sense of recognition and support can greatly boost transfer students' confidence and motivation, leading to improved academic performance and a stronger sense of belonging within their academic community. In essence, Tau Sigma Inc's impact can be seen in the positive transformation it brings to the academic journeys of transfer students, fostering a culture of excellence and achievement in education.




This information is meant to be a general summary of Tau Sigma 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
$524,026 (2022)
Expenses
$430,764 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $50
  • Program Service Revenue: $484,085
  • Gross Receipts: $524,026

Assets and Liabilities:

  • Total Assets: $1,062,082
  • Total Liabilities: $125,571
  • Net Assets: $936,511

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENU

Revenue

$484,085

Organization Details

Founding Year

1999

Principal Officer

Lee Colquitt

Main Address

303 LOWDER HALL, AUBURN UNIVERSITY, AL, 36849

NTEE Category

Code: B80 - Education

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