GAMMA IOTA SIGMA FOUNDATION

EIN: 921073408 501(c)(3) Education

POWELL, OH

Total Revenue
$246,200
Total Expenses
$113,201
Total Assets
$544,932
Net Assets
$544,932
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
OH
Principal Officer
GRACE GRANT
Phone
4849914471
Tax Period
2024-01-01 to 2024-12-31

GAMMA IOTA SIGMA FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $246K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $133K, a strong 54% operating margin.

Mission

THE GAMMA IOTA SIGMA FOUNDATION SERVES A MISSION OF ENSURING EQUITABLE ACCESS TO CAREERS IN INSURANCE, RISK MANAGEMENT AND ACTUARIAL SCIENCE BY LOWERING SOCIAL AND FINANCIAL BARRIERS FOR ALL STUDENTS INTERESTED IN INDUSTRY CAREERS.

Program Service Accomplishments

Program 1
Expenses: $102,904

THE FOUNDATION'S FOCUS AREAS INCLUDE MENTAL WELLNESS, PROFESSIONAL DEVELOPMENT, ACCESSIBILITY, AND CHAPTER SUPPORT. MENTAL WELLNESS FOCUSES ON MENTAL HEALTH RESOURCES, PEER NETWORKING SPACES, AND...

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THE FOUNDATION'S FOCUS AREAS INCLUDE MENTAL WELLNESS, PROFESSIONAL DEVELOPMENT, ACCESSIBILITY, AND CHAPTER SUPPORT. MENTAL WELLNESS FOCUSES ON MENTAL HEALTH RESOURCES, PEER NETWORKING SPACES, AND HOLISTIC PROGRAMMING AT CONFERENCES. PROFESSIONAL DEVELOPMENT PROGRAMS AND RESOURCES PROVIDE PROFESSIONAL ATTIRE SCHOLARSHIPS, TRAVEL SCHOLARSHIPS, PROFESSIONAL HEADSHOTS, EXAM FEE REIMBURSEMENTS, AND OTHER PROGRAMMING. ACCESSIBILITY ENSURES THAT CONFERENCES AND EVENTS ARE ACCESSIBLE, MEETING THE NEEDS OF ALL STUDENTS. CHAPTER SUPPORT PROVIDES FOR CHAPTER EXPANSION AND CHAPTER DEVELOPMENT GRANTS TO UNIVERSITY PARTNERS. THE FOUNDATION PROVIDED RESOURCES AND DIRECT FINANCIAL SUPPORT TO OVER 200 STUDENTS AND 34 CHAPTERS IN 2024.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $246,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $246,200

Expense Breakdown

Grants Paid $67,259
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,904
Other Expenses $45,942
TOTAL EXPENSES $113,201

Year-over-Year Comparison

2024 2023 Change
Revenue $246,200 $301,769 -0.2%
Expenses $113,201 $89,655 +0.3%
Net Income $132,999 $212,114 -0.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
17

Governance Policies

✗ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$233,596
Total Directors
18
$233,596
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE GRANT EXECUTIVE DIRECTOR 10.00
Officer Director
$0 $5,056 $233,596
NICK ABRAHAM PRESIDENT 0.10
Officer Director
$0 $0 $0
MICHAEL KLEIN IMMEDIATE PAST PRESIDENT 0.10
Officer Director
$0 $0 $0
DAN SPRAGG EXECUTIVE VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
DEBBIE GOLDSTINE VICE PRESIDENT (TERM START 9/2024) 0.10
Officer Director
$0 $0 $0
TAY HOANG VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
JASON WARDEN VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
KELLY HENNIGAN TREASURER 0.10
Officer Director
$0 $0 $0
BRADY KELLEY SECRETARY 0.10
Officer Director
$0 $0 $0
MIKE BOA TRUSTEE 0.10
Director
$0 $0 $0
DEREK GREENACRE TRUSTEE 0.10
Director
$0 $0 $0
KRISTI HOSKINSON TRUSTEE 0.10
Director
$0 $0 $0
LOGAN KNUTSON TRUSTEE 0.10
Director
$0 $0 $0
ANGELICA LEDEZMA TRUSTEE (TERM START 9/2024) 0.10
Director
$0 $0 $0
CARRIE BUSIC LOWE IMMEDIATE PAST PRESIDENT (TERM END 6/2024) 0.10
Officer Director
$0 $0 $0
JILL BISCO TRUSTEE (TERM END 9/2024) 0.10
Director
$0 $0 $0
STEPHANIE DUNSTAN TRUSTEE (TERM END 9/2024) 0.10
Director
$0 $0 $0
WILL GILCHRIST TRUSTEE (TERM END 9/2024) 0.10
Director
$0 $0 $0
ALYSSA BOUCHARD SVP, DEVELOPMENT 5.00
Highest
$0 $11,320 $128,000
NIKIA STOWE SVP, UNIVERSITY PARTNERSHIPS 5.00
Highest
$0 $3,106 $126,646
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $246,200 $113,201 $544,932 $132,999
2023 $301,769 $89,655 $411,933 $212,114
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