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Nonprofit · EIN 92-1073408

GAMMA IOTA SIGMA FOUNDATION

Tax-exempt · POWELL, OH 43065

Financials

$302K$90K2023$246K$113K2024
Revenue Expenses · by fiscal year end
Financials of GAMMA IOTA SIGMA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$246,200$113,201$132,999$544,932$0$544,932
December 31, 2023990$301,769$89,655$212,114$411,933$0$411,933
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$246,200
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$67,259
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$7,200
Program services (functional)
$102,904
Management and general (functional)
$10,297

Balance sheet and other

Total assets, start of year
$411,933
Total assets, end of year
$544,932
Total liabilities, end of year
$0
Net assets, end of year
$544,932
Net assets without donor restrictions
$526,553
Net assets with donor restrictions
$18,379
Gross receipts
$246,200
Employees
0
Volunteers
17
Year formed
2023
State of legal domicile
OH

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 / weekCompensationFrom related orgsOther / benefits
GRACE GRANTEXECUTIVE DIRECTOR
Trustee or director, Officer
10$0$228,540$5,056
ALYSSA BOUCHARDSVP, DEVELOPMENT
Highest-paid employee
5$0$116,680$11,320
NIKIA STOWESVP, UNIVERSITY PARTNERSHIPS
Highest-paid employee
5$0$123,540$3,106
NICK ABRAHAMPRESIDENT
Trustee or director, Officer
0.1$0$0$0
MICHAEL KLEINIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.1$0$0$0
DAN SPRAGGEXECUTIVE VICE PRESIDENT
Trustee or director, Officer
0.1$0$0$0
DEBBIE GOLDSTINEVICE PRESIDENT (TERM START 9/2024)
Trustee or director, Officer
0.1$0$0$0
TAY HOANGVICE PRESIDENT
Trustee or director, Officer
0.1$0$0$0
JASON WARDENVICE PRESIDENT
Trustee or director, Officer
0.1$0$0$0
KELLY HENNIGANTREASURER
Trustee or director, Officer
0.1$0$0$0
BRADY KELLEYSECRETARY
Trustee or director, Officer
0.1$0$0$0
MIKE BOATRUSTEE
Trustee or director
0.1$0$0$0
DEREK GREENACRETRUSTEE
Trustee or director
0.1$0$0$0
KRISTI HOSKINSONTRUSTEE
Trustee or director
0.1$0$0$0
LOGAN KNUTSONTRUSTEE
Trustee or director
0.1$0$0$0
5 more people on this return
NameTitleHours / weekCompensation
ANGELICA LEDEZMATRUSTEE (TERM START 9/2024)
Trustee or director
0.1$0
CARRIE BUSIC LOWE IMMEDIATEPAST PRESIDENT (TERM END 6/2024)
Trustee or director, Officer
0.1$0
JILL BISCOTRUSTEE (TERM END 9/2024)
Trustee or director
0.1$0
STEPHANIE DUNSTANTRUSTEE (TERM END 9/2024)
Trustee or director
0.1$0
WILL GILCHRISTTRUSTEE (TERM END 9/2024)
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
GRACE GRANTEXECUTIVE DIRECTOR
Trustee or director, Officer
10$0$196,165$4,460
ALYSSA BOUCHARDVICE PRESIDENT, INDUSTRY ENGAGEMENT
Highest-paid employee
5$0$104,567$11,332
MICHAEL KLEINPRESIDENT
Trustee or director, Officer
0.1$0$0$0
CARRIE BUSIC LOWEIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.1$0$0$0
BRADY KELLEYVICE PRESIDENT
Trustee or director, Officer
0.1$0$0$0
KELLY HENNIGANTREASURER (AS OF 10/5/23)
Trustee or director, Officer
0.1$0$0$0
MATT HEIMSTEADSECRETARY
Trustee or director, Officer
0.1$0$0$0
JILL BISCOTRUSTEE
Trustee or director
0.1$0$0$0
BARBARA BUFKINTRUSTEE
Trustee or director
0.1$0$0$0
STEPHANIE DUNSTANTRUSTEE
Trustee or director
0.1$0$0$0
WILL GILCHRISTTRUSTEE
Trustee or director
0.1$0$0$0
MICHAEL HAWKINSTRUSTEE
Trustee or director
0.1$0$0$0
FLORENT NDINDJOCKTRUSTEE
Trustee or director
0.1$0$0$0
JOHN SMITHTRUSTEE
Trustee or director
0.1$0$0$0
ZANE SMITHTRUSTEE
Trustee or director
0.1$0$0$0
NICK ABRAHAMTREASURER (THRU 10/5/23)
Trustee or director, Officer
0.1$0$0$0
STEPHEN MAROHN THRU 92023IMMEDIATE PAST PRESIDENT
Trustee or director, Officer
0.1$0$0$0

Address and contacts

Address (IRS master file)
PO BOX 1744, POWELL, OH 43065-1744
In care of
% GRACE GRANT
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

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $102,904 · grants $67,259

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
92-1073408
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B03)
Assets (IRS master file)
$544,932
Income (IRS master file)
$246,200

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$246,200$113,201$544,932XML
990December 2023$301,769$89,655$411,933XML

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 92-1073408).

Questions about GAMMA IOTA SIGMA FOUNDATION

What is the EIN of GAMMA IOTA SIGMA FOUNDATION?
The employer identification number (EIN) of GAMMA IOTA SIGMA FOUNDATION is 92-1073408.
Is GAMMA IOTA SIGMA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to GAMMA IOTA SIGMA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GAMMA IOTA SIGMA FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
The 990 for the year ended December 31, 2024 names GRACE GRANT.
Who are the officers and directors of GAMMA IOTA SIGMA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
How much revenue does GAMMA IOTA SIGMA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $246,200, expenses of $113,201 and total assets of $544,932 at year end.

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