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Nonprofit · EIN 23-7087235

GAMMA IOTA SIGMA

Tax-exempt · POWELL, OH 43065

Financials

$1.5M$1.5M2023$1.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of GAMMA IOTA SIGMA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,591,376$1,531,092$60,284$1,141,555$123,403$1,018,152
December 31, 2023990$1,520,610$1,456,252$64,358$1,431,347$469,869$961,478
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,959
Program service revenue
$1,551,284
Investment income
$10,133
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,850
Compensation of officers, directors and key employees
$233,596
Other salaries and wages
$436,356
Salaries, compensation and benefits (total)
$800,104
Professional fundraising fees
$0
Legal fees
$315
Accounting fees
$59,791
Travel
$30,876
Depreciation
$210
Program services (functional)
$1,026,343
Management and general (functional)
$333,815
Fundraising (functional)
$170,934

Balance sheet and other

Total assets, start of year
$1,431,347
Total assets, end of year
$1,141,555
Total liabilities, end of year
$123,403
Net assets, end of year
$1,018,152
Land, buildings and equipment
$751
Publicly traded securities
$210,205
Net assets without donor restrictions
$1,015,619
Net assets with donor restrictions
$2,533
Gross receipts
$1,591,376
Employees
7
Volunteers
75
Year formed
1966
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
GRACE GRANTEXECUTIVE DIRECTOR
Trustee or director, Officer
30$228,540$5,056
ALYSSA BOUCHARDSVP, DEVELOPMENT
Highest-paid employee
35$116,680$11,320
NIKIA STOWESVP, UNIVERSITY PARTNERSHIPS
Highest-paid employee
35$123,540$3,106
NICK ABRAHAMPRESIDENT
Trustee or director, Officer
0.9$0$0
MICHAEL KLEINIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.9$0$0
DAN SPRAGGEXECUTIVE VICE PRESIDENT
Trustee or director, Officer
0.9$0$0
DEBBIE GOLDSTINEVICE PRESIDENT (TERM START 9/2024)
Trustee or director, Officer
0.9$0$0
TAY HOANGVICE PRESIDENT
Trustee or director, Officer
0.9$0$0
JASON WARDENVICE PRESIDENT
Trustee or director, Officer
0.9$0$0
KELLY HENNIGANTREASURER
Trustee or director, Officer
0.9$0$0
BRADY KELLEYSECRETARY
Trustee or director, Officer
0.9$0$0
MIKE BOATRUSTEE
Trustee or director
0.9$0$0
DEREK GREENACRETRUSTEE
Trustee or director
0.9$0$0
KRISTI HOSKINSONTRUSTEE
Trustee or director
0.9$0$0
LOGAN KNUTSONTRUSTEE
Trustee or director
0.9$0$0
5 more people on this return
NameTitleHours / weekCompensation
ANGELICA LEDEZMATRUSTEE (TERM START 9/2024)
Trustee or director
0.9$0
CARRIE BUSIC LOWE IMMEDIATEPAST PRESIDENT (TERM END 6/2024)
Trustee or director, Officer
0.9$0
JILL BISCOTRUSTEE (TERM END 9/2024)
Trustee or director
0.9$0
STEPHANIE DUNSTANTRUSTEE (TERM END 9/2024)
Trustee or director
0.9$0
WILL GILCHRISTTRUSTEE (TERM END 9/2024)
Trustee or director
0.9$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
GRACE GRANTEXECUTIVE DIRECTOR
Trustee or director, Officer
30$196,165$4,460
ALYSSA BOUCHARDVICE PRESIDENT, INDUSTRY ENGAGEMENT
Highest-paid employee
35$104,567$11,332
MICHAEL KLEINPRESIDENT
Trustee or director, Officer
0.9$0$0
CARRIE BUSIC LOWEIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.9$0$0
BRADY KELLEYVICE PRESIDENT
Trustee or director, Officer
0.9$0$0
KELLY HENNIGANTREASURER (AS OF 10/5/23)
Trustee or director, Officer
0.9$0$0
MATT HEIMSTEADSECRETARY
Trustee or director, Officer
0.9$0$0
JILL BISCOTRUSTEE
Trustee or director
0.9$0$0
BARBARA BUFKINTRUSTEE
Trustee or director
0.9$0$0
STEPHANIE DUNSTANTRUSTEE
Trustee or director
0.9$0$0
WILL GILCHRISTTRUSTEE
Trustee or director
0.9$0$0
MICHAEL HAWKINSTRUSTEE
Trustee or director
0.9$0$0
FLORENT NDINDJOCKTRUSTEE
Trustee or director
0.9$0$0
JOHN SMITHTRUSTEE
Trustee or director
0.9$0$0
ZANE SMITHTRUSTEE
Trustee or director
0.9$0$0
NICK ABRAHAMTREASURER (THRU 10/5/23)
Trustee or director, Officer
0.9$0$0
STEPHEN MAROHN THRU 92023IMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.9$0$0

Address and contacts

Address (IRS master file)
PO BOX 1744, POWELL, OH 43065-1744
Principal officer (990 for 2024)
GRACE GRANT, PO BOX 1744, POWELL, OH 43065
Signed the 990
GRACE GRANT, EXECUTIVE DIRECTOR
Phone
(484) 991-4471
Return prepared by
CBIZ ADVISORS LLC

Mission

GAMMA IOTA SIGMA SERVES A MISSION OF PROMOTING AND SUSTAINING STUDENT INTEREST IN CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.

990 for the year ended December 31, 2024

Program accomplishments

  • CONFERENCES:GAMMA IOTA SIGMA (GIS) CONDUCTS CORE PROGRAMMING EACH YEAR THROUGH ITS REGIONAL CONFERENCE SERIES, ALLIES IN INSURANCE WORKSHOPS, LEADERSHIP SYMPOSIUM, AND ANNUAL CONFERENCE. IN 2024, THESE PROGRAMS ENGAGED OVER 1,300 STUDENTS REPRESENTING MORE THAN 100 COLLEGES AND UNIVERSITIES NATIONWIDE.(CONTINUED ON SCHEDULE O)THE REGIONAL CONFERENCE SERIES PROVIDES AN UNPARALLELED PLATFORM FOR BOTH STUDENTS AND INDUSTRY PROFESSIONALS TO CONNECT. STUDENTS FROM ALL 120 GAMMA IOTA SIGMA CHAPTERS, AT-LARGE MEMBERS, AND APPLICANT SCHOOL STUDENTS INTERESTED IN RISK MANAGEMENT, INSURANCE, AND ACTUARIAL SCIENCE GAIN VALUABLE INSIGHTS INTO THE INDUSTRY AND EXPLORE CAREER OPPORTUNITIES THROUGH CAREER FAIRS, NETWORKING, AND EDUCATIONAL SESSIONS. DURING 2024, THE SERIES REACHED 275 STUDENTS FROM 44 COLLEGES AND UNIVERSITIES AND INCLUDED 43 PARTICIPATING COMPANIES.ALLIES IN INSURANCE BRINGS LEADING INDUSTRY ORGANIZATIONS TOGETHER TO ENGAGE WITH COLLEGE STUDENTS IN AN INTERACTIVE SETTING FOCUSED ON PROFESSIONAL GROWTH, COMMUNITY, AND CONNECTION. THE EVENT PROVIDES SPACE FOR OPEN CONVERSATIONS AROUND CAREER DEVELOPMENT, PERSONAL WELL-BEING, AND COLLABORATION, WHILE FOSTERING MEANINGFUL RELATIONSHIPS ACROSS THE INDUSTRY. IN 2024, THE PROGRAM FEATURED 34 PARTICIPATING COMPANIES AND REACHED 450 STUDENTS.LEADERSHIP SYMPOSIUM IS THE KICKOFF TO THE ACADEMIC YEAR CONVENING AN ELITE GROUP OF CHAPTER OFFICERS FOR FOCUSED LEADERSHIP TRAINING, PEER NETWORKING, AND EXCLUSIVE ENGAGEMENT WITH SUSTAINING PARTNERS. A VARIETY OF WORKSHOPS AND INTERACTIVE SESSIONS ALLOW STUDENTS TO GAIN VALUABLE INSIGHTS, KNOWLEDGE, AND TOOLS TO SUCCEED IN THEIR ROLES AS LEADERS WITHIN GIS. THE 2024 SYMPOSIUM BROUGHT IN 34 SUSTAINING PARTNERS AND 104 CHAPTER OFFICERS FROM 67 COLLEGES AND UNIVERSITIES.THE ANNUAL CONFERENCE IS THE HALLMARK TALENT EVENT AND CENTRALIZED CONNECTION POINT FOR TOP COLLEGIATE TALENT AND INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE ORGANIZATIONS. DURING 2024, 520 STUDENTS FROM 69 COLLEGES AND UNIVERSITIES AND 90 PARTICIPATING COMPANIES CONVENED FOR A ONE-OF-ITS-KIND CAREER FAIR, DYNAMIC KEYNOTE SPEAKERS, ALLIES PROGRAMMING, EDUCATIONAL SESSIONS, PROFESSIONAL DEVELOPMENT WORKSHOPS, INDUSTRY ROUNDTABLES, NETWORKING OPPORTUNITIES, AND MORE.
    Expenses $612,977 · revenue $1,441,925
  • MEMBERSHIP AND CHAPTER OPERATIONS:GAMMA IOTA SIGMA PRODUCES STUDENT NEWSLETTERS, INDUSTRY NEWSLETTERS, AND OTHER COMMUNICATIONS TO INFORM MEMBERS ABOUT ORGANIZATIONAL ACTIVITIES, OPPORTUNITIES, AND INDUSTRY DEVELOPMENTS. GIS PROVIDES CAREER GUIDANCE OFFICE HOURS TO CONNECT STUDENTS WITH MEMBERS OF THE BOARD OF TRUSTEES AND ADVISORY COUNCIL FOR MENTORSHIP AND CAREER ADVICE.(CONTINUED ON SCHEDULE O)THE ORGANIZATION OFFERS PROFESSIONAL DEVELOPMENT PROGRAMS INCLUDING MOCK INTERVIEWS, RESUME REVIEWS, CAREER READINESS WORKSHOPS, AND SOFT SKILLS TRAINING. THESE PROGRAMS ARE DESIGNED TO ENHANCE STUDENTS' PROFESSIONAL COMPETENCIES, IMPROVE EMPLOYABILITY, AND FACILITATE MEANINGFUL CONNECTIONS WITH INDUSTRY PROFESSIONALS.CHAPTER LEADERS ENGAGE IN TRAINING AND DEVELOPMENT ACTIVITIES THAT PROMOTE LEADERSHIP SKILLS, ORGANIZATIONAL EFFECTIVENESS, AND PROFESSIONAL GROWTH, ENSURING STUDENTS ARE PREPARED FOR CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.
    Expenses $413,366 · grants $1,850 · revenue $109,359

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7087235
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1983
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,141,555
Income (IRS master file)
$1,591,376

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,591,376$1,531,092$1,141,555XML
990December 2023$1,520,610$1,456,252$1,431,347XML
990December 2022$1,550,944$1,144,665$1,150,758IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7087235).

Questions about GAMMA IOTA SIGMA

What is the EIN of GAMMA IOTA SIGMA?
The employer identification number (EIN) of GAMMA IOTA SIGMA is 23-7087235.
Is GAMMA IOTA SIGMA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to GAMMA IOTA SIGMA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GAMMA IOTA SIGMA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GAMMA IOTA SIGMA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GAMMA IOTA SIGMA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GAMMA IOTA SIGMA?
The 990 for the year ended December 31, 2024 names GRACE GRANT.
Who are the officers and directors of GAMMA IOTA SIGMA?
The 990 for the year ended December 31, 2024 lists 20 people; 3 received compensation from the organization, the highest $228,540 (GRACE GRANT, EXECUTIVE DIRECTOR).
How much revenue does GAMMA IOTA SIGMA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,591,376, expenses of $1,531,092 and total assets of $1,141,555 at year end.

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