Overview
What is Student Investment Philanthropy Organization Inc?
Student Investment Philanthropy Organization Inc, based in Bloomington, Illinois at 3701 Helen Dr, is a nonprofit organization with a unique mission. They raise funds for various charities through a student-managed investment account. By engaging students in this process, the organization not only contributes to charitable causes but also provides a valuable educational experience in financial management and philanthropy. This approach allows the organization to make a significant impact on both the financial well-being of charities and the personal growth of its student members.
Is Student Investment Philanthropy Organization Inc legitimate?
Student Investment Philanthropy Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Student Investment Philanthropy Organization 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 Student Investment Philanthropy Organization Inc?
The Student Investment Philanthropy Organization Inc's mission involves raising donations for charities through a student-run investment account. By doing so, the organization aims to provide financial support to various charitable causes. The unique approach of combining investment and philanthropy allows the organization to engage students in charitable giving while also teaching them valuable financial skills. The donations raised are then distributed to various charities, thus making a significant impact in various communities. The organization serves as a bridge between students, investing, and charity, promoting social responsibility and financial education.
What is the revenue of Student Investment Philanthropy Organization Inc?
Student Investment Philanthropy Organization Inc's revenue in 2023 was $5,276.
Who are the executives of Student Investment Philanthropy Organization Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Student Investment Philanthropy Organization Inc?
Student Investment Philanthropy Organization Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Student Investment Philanthropy Organization Inc
Student Investment Philanthropy Organization Inc, as its name suggests, is an organization that plays a unique role in charitable giving. Instead of directly donating funds, this organization raises donations for various charities through a student-managed investment account. This innovative approach allows the organization to harness the skills and insights of students, while also generating funds for worthy causes. By managing investments, the students learn valuable financial lessons and gain real-world experience, all while contributing to the betterment of their communities. This mission of Student Investment Philanthropy Organization Inc is a testament to its commitment to education, financial literacy, and social responsibility.
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Impact
August, 2024
Student Investment Philanthropy Organization Inc's impact lies in its innovative approach to fundraising for charities. By harnessing the power of a student-run investment account, the organization is able to raise significant donations for various charitable causes. This unique model not only generates financial support for important initiatives but also provides valuable experiential learning opportunities for students involved in managing the account.
Furthermore, by instilling values of philanthropy and responsible investing in its student members, Student Investment Philanthropy Organization Inc is shaping the next generation of socially conscious leaders. Through their efforts, the organization is making a tangible difference in the lives of those in need while simultaneously fostering a culture of giving and financial stewardship within the student community.
In summary, Student Investment Philanthropy Organization Inc is not only creating positive social impact through its fundraising endeavors but is also nurturing a spirit of generosity and financial literacy among students, thereby contributing to a more compassionate and financially savvy society.
This information is meant to be a general summary of Student Investment Philanthropy Organization 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: $3,604
- Gross Receipts: $13,161
Assets and Liabilities:
- Total Assets: $113,964
- Total Liabilities: $0
- Net Assets: $113,964
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Organization Details
Founding Year
2021
Principal Officer
Edward H Kolb
NTEE Category
Code: T00 - Philanthropy
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