Overview
What is Sigma Alpha Lambda Inc?
Sigma Alpha Lambda Inc is a nonprofit organization situated in Bradenton, Florida. With a focus on academic achievement, leadership, and community service, they award scholarships to five undergraduate students and two graduate students annually. Their mission is to establish, operate, manage, and promote an academic honor society, thereby fostering education advancement and encouraging volunteer participation in community-based service, mentoring, and leadership development activities. The organization's purpose is to mobilize its members to contribute positively to their communities.
Official website here: www.sigmaalphalambda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Sigma Alpha Lambda Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization's score is notably low in key areas, such as board independence and governance policies, which are critical for maintaining transparency and trust among donors and stakeholders.
One of the notable strengths of the organization is its high program expense ratio of 78.78%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. However, the lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies, raises questions about its operational integrity.
Furthermore, while the organization has successfully avoided any material diversion of assets, the absence of certain transparency measures, such as publicly posted tax forms, indicates room for improvement. Overall, while Sigma Alpha Lambda Inc shows a commitment to its mission through program spending, it faces challenges in governance and accountability that could affect its long-term sustainability and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Sigma Alpha Lambda Inc legitimate?
Sigma Alpha Lambda Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sigma Alpha Lambda 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: $66,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sigmaalphalambda.org
What is the mission statement of Sigma Alpha Lambda Inc?
Sigma Alpha Lambda Inc is established with the purpose of promoting an academic honor society, fostering education advancement, and mobilizing its members for community-based service, mentoring, and leadership development activities. The organization's mission is to operate, manage, and promote this academic honor society, thereby encouraging the improvement of education. Sigma Alpha Lambda Inc also encourages volunteer participation from its members in various community services, mentoring programs, and leadership development activities. The society awards scholarships to undergraduate and graduate students based on academic achievement, leadership, and community service.
Official website here: www.sigmaalphalambda.org
Who is the CEO of Sigma Alpha Lambda Inc?
Rob Miner is the President & Director of Sigma Alpha Lambda Inc.
Official website here: www.sigmaalphalambda.org
What is the revenue of Sigma Alpha Lambda Inc?
Sigma Alpha Lambda Inc's revenue in 2022 was $92,270.
Official website here: www.sigmaalphalambda.org
Who are the executives of Sigma Alpha Lambda Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $55,625
- Related: $0
- Other: $0
Official website here: www.sigmaalphalambda.org
Where can I find the form 990 for Sigma Alpha Lambda Inc?
Sigma Alpha Lambda Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sigmaalphalambda.org
Learn more at the official website: www.sigmaalphalambda.org
Mission Statement of Sigma Alpha Lambda Inc
Sigma Alpha Lambda Inc, an academic honor society, was established with a mission to operate, manage, and promote its activities with the primary goal of advancing education. The organization aims to mobilize its members to participate in community-based service, mentoring, and leadership development activities. By doing so, Sigma Alpha Lambda Inc seeks to contribute positively to society while fostering the intellectual growth and personal development of its members.
The society's mission is twofold. Firstly, it focuses on promoting education by organizing and managing its operations. Secondly, it encourages volunteering among its members, engaging them in various community-based service activities. This dual approach allows Sigma Alpha Lambda Inc to not only support the academic achievements of its members but also inspire them to give back to their communities.
The society's efforts extend beyond academic and community service initiatives. It also awards scholarships to deserving undergraduate and graduate students based on their academic achievement, leadership, and community service. By recognizing and rewarding this combination of qualities, Sigma Alpha Lambda Inc further emphasizes the importance of balance between academic excellence, personal development, and community engagement.
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Impact
October, 2024
Sigma Alpha Lambda Inc significantly influences the educational landscape by fostering academic excellence and leadership development among students. By establishing an academic honor society, it not only recognizes outstanding academic achievements but also creates opportunities for students to engage in community service, mentoring, and leadership activities.
The organization awards scholarships to deserving undergraduate and graduate students, incentivizing them to excel in their studies while simultaneously contributing to their communities. This dual focus on education and community service nurtures well-rounded individuals who are prepared to take on leadership roles in society. Through its initiatives, Sigma Alpha Lambda Inc promotes a culture of academic integrity and civic responsibility, ultimately contributing to the advancement of education and the betterment of the community.
This information is meant to be a general summary of Sigma Alpha Lambda 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.
- Program Service Revenue: $78,684
- Gross Receipts: $92,270
Assets and Liabilities:
- Total Assets: $36,186
- Total Liabilities: $0
- Net Assets: $36,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES
Revenue
$78,684
Organization Details
Founding Year
2002
Phone
(941) 866-5614Principal Officer
Rob Miner
Main Address
6400 MANATEE AVE W L 106, BRADENTON, FL, 34209
Website
www.sigmaalphalambda.orgNTEE Category
Code: B82 - Education
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