Overview
What is Gamma401 Foundation Inc?
The Gamma401 Foundation, situated in Spring Grove, IL, is a nonprofit organization that shares a close connection with the Alpha Kappa Lambda, Gamma Chapter at the University of Illinois, Champaign-Urbana. Their primary goal is to financially aid and guide young men, supporting their growth in both career and character development. Aligned with five core ideals – leadership, scholarship, Christian-Judeo principles, self-support, and loyalty – the foundation provides scholarships and assists these individuals in their personal and professional journeys. Their charitable and educational activities are rooted in the Fraternity of Alpha Kappa Lambda, Gamma Chapter, thereby extending its reach beyond the university campus.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. The Gamma401 Foundation Inc has received a Two-Star out of Four Star rating with an overall score of 60%. This indicates that while the organization is operational, there are significant areas that require enhancement, particularly in governance and transparency.
One of the strengths noted is the high program expense ratio of 88.97%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. However, the organization faces criticism for having no independent board members, which raises concerns about accountability and oversight. Additionally, critical policies such as a whistleblower policy and document retention policy are missing, which are essential for ensuring ethical governance.
Other weaknesses include the absence of a website listed on their tax form and the failure to post their tax form on their own website, limiting public access to important financial information. Overall, while the Gamma401 Foundation shows promise in program spending, it must address its governance issues to improve its standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma401 Foundation Inc legitimate?
Gamma401 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma401 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: $0
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What is the mission statement of Gamma401 Foundation Inc?
The Gamma401 Foundation Inc's mission is centered around providing financial support and guidance to young men associated with the Alpha Kappa Lambda, Gamma Chapter, at the University of Illinois, Champaign-Urbana. The foundation's objectives align with five ideals: leadership, scholarship, Christian-Judeo principles, self-support, and loyalty. The primary aim is to foster career and character development initiatives among these young men, contributing to their overall growth and success.
Who is the CEO of Gamma401 Foundation Inc?
Thomas Franz is the President of Gamma401 Foundation Inc.
What is the revenue of Gamma401 Foundation Inc?
Gamma401 Foundation Inc's revenue in 2023 was $33,542.
Who are the executives of Gamma401 Foundation Inc and what are their salaries?
There 5 volunteers at Gamma401 Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Gamma401 Foundation Inc?
Gamma401 Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Gamma401 Foundation Inc
Gamma401 Foundation, a philanthropic organization, is committed to supporting the charitable and educational endeavors of Alpha Kappa Lambda's Gamma Chapter, based at the University of Illinois in Champaign-Urbana. Their mission is multifaceted, aiming to provide financial assistance and guidance to young men associated with the fraternity. This support is primarily geared towards initiatives that foster leadership, scholarship, and adherence to Christian-Judeo principles, self-support, and loyalty – the five ideals that define Alpha Kappa Lambda. The foundation's goal is to empower these young men, helping them to develop both their careers and their personal character in a manner consistent with these guiding principles.
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Impact
August, 2024
Gamma401 Foundation Inc's impact is focused on providing financial support and guidance to the young men of the Fraternity of Alpha Kappa Lambda, Gamma Chapter at the University of Illinois, Champaign-Urbana. By offering college scholarships and assistance for career and character development initiatives, the foundation contributes to the growth and success of these individuals in line with their core ideals of leadership, scholarship, Christian-Judeo principles, self-support, and loyalty. Through its dedication to educational and charitable purposes, Gamma401 Foundation Inc plays a vital role in shaping the future of these young men and empowering them to achieve their full potential.
This information is meant to be a general summary of Gamma401 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 2023.
- Investment Income: $33,542
- Gross Receipts: $33,542
Assets and Liabilities:
- Total Assets: $973,750
- Total Liabilities: $0
- Net Assets: $973,750
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Organization Details
Founding Year
2018
Phone
(815) 675-3505Principal Officer
Thomas Franz
Main Address
PO BOX 70, SPRING GROVE, IL, 60081
NTEE Category
Code: B82 - Education
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