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Nonprofiteer
← GAMMA IOTA SIGMA FOUNDATION

Form 990 for tax year 2023

Filed by GAMMA IOTA SIGMA FOUNDATION.

Totals

Total revenue
$301,769
Total expenses
$89,655
Contributions and grants received
$301,769
Grants paid
$80,869
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$411,933
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$411,933
Program services expenses (Part IX)
$89,655
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$89,655

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GRACE GRANT

    EXECUTIVE DIRECTOR

    Total calculated
    $200,625
    From this org
    $0
    From related orgs
    $196,165
    Other
    $4,460
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,125 related
    Bonus
    $0 + $47,500 related
    Other
    $0 + $3,540 related
    Deferred
    $0 + $4,460 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $200,625 related
  • MICHAEL KLEIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • CARRIE BUSIC LOWE

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • BRADY KELLEY

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • KELLY HENNIGAN

    TREASURER (AS OF 10/5/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • MATT HEIMSTEAD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • JILL BISCO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • BARBARA BUFKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • STEPHANIE DUNSTAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • WILL GILCHRIST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • MICHAEL HAWKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • FLORENT NDINDJOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • JOHN SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • ZANE SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • NICK ABRAHAM

    TREASURER (THRU 10/5/23)

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • STEPHEN MAROHN THRU 92023

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related
  • ALYSSA BOUCHARD

    VICE PRESIDENT, INDUSTRY ENGAGEMENT

    Total calculated
    $115,899
    From this org
    $0
    From related orgs
    $104,567
    Other
    $11,332
    Hours/week
    5 + 35 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR IS COMPENSATED BY GAMMA IOTA SIGMA (GIS), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R, PART II). THE GIS COMPENSATION COMMITTEE UTILIZED A COMPENSATION CONSULTANT TO ESTABLISH COMPENSATION. THE COMMITTEE MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR APPROVAL.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GAMMA IOTA SIGMA

    501(C)(3) · PROMOTE STUDENT INTEREST IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE · OH

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413139349303326

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