Overview
What is Gamma Theta Foundation Inc?
Gamma Theta Foundation Inc is a nonprofit organization dedicated to supporting the educational endeavors of Sigma Chi Fraternity's Gamma Theta Chapter at the University of Florida. The foundation's primary aim is to grant funds for constructing, improving, and managing specialized areas such as libraries, study rooms, computer labs, and instructional spaces within the fraternity house. This initiative aims to augment the educational benefits available to the chapter's students, mirroring the educational resources offered by the university for its general student body. George Stuart oversees the foundation's operations to ensure these educational advancements are achieved.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
Gamma Theta Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The foundation's overall score of 13% indicates a lack of transparency and governance, primarily highlighted by the absence of independent board members and various missing policies related to conflict of interest, whistleblower protection, and document retention.
Strengths noted in the assessment include the absence of material diversion of assets, which scored a perfect 10 out of 10. Additionally, the foundation maintains documentation for board meeting minutes, scoring full points in this area. However, the serious shortcomings in governance structures and financial oversight overshadow these positives.
The foundation's website is not listed on its tax form, and critical financial transparency elements are missing, such as the posting of the nonprofit's tax form on its website. With a program expense ratio of 0.00% and a liabilities to assets ratio of 0.00%, the lack of clear financial reporting raises further concerns about the foundation's operational effectiveness and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Gamma Theta Foundation Inc legitimate?
Gamma Theta Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gamma Theta 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: $69,250
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gamma Theta Foundation Inc?
The Gamma Theta Foundation Inc's mission is centered around providing grants to enhance educational facilities within the chapter house of the Gamma Theta chapter of Sigma Chi Fraternity at the University of Florida. The primary objective is to augment the educational benefits for students, ensuring they receive similar resources as the general student body does from the university. The foundation aims to construct or improve dedicated libraries, study areas, computer labs, and instructional spaces, ultimately fostering a conducive learning environment for the students.
Who is the CEO of Gamma Theta Foundation Inc?
George Stuart is the President of Gamma Theta Foundation Inc.
What is the revenue of Gamma Theta Foundation Inc?
Gamma Theta Foundation Inc's revenue in 2022 was $495,907.
Who are the executives of Gamma Theta Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gamma Theta Foundation Inc?
Gamma Theta Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gamma Theta Foundation Inc
Gamma Theta Foundation Inc is committed to supporting the educational growth of students associated with the Gamma Theta Chapter of Sigma Chi Fraternity at the University of Florida. Their mission revolves around providing grants to enhance and improve the library, study, computer, and instructional areas within the chapter house. By doing so, they aim to supplement the educational benefits that are typically offered to the general student body by the University of Florida. The goal of Gamma Theta Foundation Inc is to foster a conducive learning environment within the chapter house, ensuring that the educational needs of its students are met to a level comparable to that of the university as a whole.
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Impact
July, 2024
Gamma Theta Foundation Inc's impact is centered around providing grants to construct, enhance, and manage dedicated library, study, computer, and instructional areas within the chapter house of the Gamma Theta Chapter of Sigma Chi Fraternity at the University of Florida. By focusing on these educational spaces, the foundation aims to further educational purposes and serve the academic needs of the students. Ultimately, the goal is to create educational benefits within the chapter house that are similar to those provided by the University of Florida for the general student body. Through its mission, Gamma Theta Foundation Inc contributes to enriching the educational experience and academic resources available to students within the fraternity community.
This information is meant to be a general summary of Gamma Theta 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 2022.
- Investment Income: $692
- Gross Receipts: $495,907
Assets and Liabilities:
- Total Assets: $778,458
- Total Liabilities: $0
- Net Assets: $778,458
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Organization Details
Founding Year
2020
Phone
(407) 716-4215Principal Officer
George Stuart
Main Address
4012 MAGUIRE BLVD APT 4214, ORLANDO, FL, 32804
NTEE Category
Code: B80 - Education
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