Totals
- Total revenue
- $246,200
- Total expenses
- $113,201
- Contributions and grants received
- $246,200
- Grants paid
- $67,259
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $544,932
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $544,932
- Program services expenses (Part IX)
- $102,904
- Management and general expenses
- $10,297
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $102,904
Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$246,200
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,410 · program services $25,410
-
2 · Grants to domestic individuals
total $41,849 · program services $41,849
-
11c · Fees: accounting
total $7,200 · management and general $7,200
-
11g · Fees: other
total $14,335 · program services $14,335
-
14 · Information technology
total $2,923 · program services $426 · management and general $2,497
-
19 · Conferences, conventions and meetings
total $21,484 · program services $20,884 · management and general $600
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $478,679
-
3 · Pledges and grants receivable
end of year $18,379
-
15 · Other assets
beginning of year $411,933 · end of year $47,874
-
27 · Net assets without donor restrictions
beginning of year $411,933 · end of year $526,553
-
28 · Net assets with donor restrictions
end of year $18,379
Mission and programs · 2024
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.
Activities or mission (Part I)
EQUITABLE ACCESS FOR STUDENTS PURSUING CAREERS IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE.
-
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
As filed on the 2024 return.
Listed in Part VII
-
Grace GrantGRACE GRANT
EXECUTIVE DIRECTOR
- Total calculated
- $233,596
- From this org
- $0
- From related orgs
- $228,540
- Other
- $5,056
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $165,000 related
- Bonus
- $0 + $60,000 related
- Other
- $0 + $3,540 related
- Deferred
- $0 + $5,056 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $233,596 related
-
Nick AbrahamNICK ABRAHAM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Michael KleinMICHAEL KLEIN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Dan SpraggDAN SPRAGG
EXECUTIVE VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Debbie GoldstineDEBBIE GOLDSTINE
VICE PRESIDENT (TERM START 9/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Tay HoangTAY HOANG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Jason WardenJASON WARDEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Kelly HenniganKELLY HENNIGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Brady KelleyBRADY KELLEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Mike BoaMIKE BOA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Derek GreenacreDEREK GREENACRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Kristi HoskinsonKRISTI HOSKINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Logan KnutsonLOGAN KNUTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Angelica LedezmaANGELICA LEDEZMA
TRUSTEE (TERM START 9/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Carrie Busic Lowe ImmediateCARRIE BUSIC LOWE IMMEDIATE
PAST PRESIDENT (TERM END 6/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Jill BiscoJILL BISCO
TRUSTEE (TERM END 9/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Stephanie DunstanSTEPHANIE DUNSTAN
TRUSTEE (TERM END 9/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Will GilchristWILL GILCHRIST
TRUSTEE (TERM END 9/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 0.9 related
-
Alyssa BouchardALYSSA BOUCHARD
SVP, DEVELOPMENT
- Total calculated
- $128,000
- From this org
- $0
- From related orgs
- $116,680
- Other
- $11,320
- Hours/week
- 5 + 35 related
-
Nikia StoweNIKIA STOWE
SVP, UNIVERSITY PARTNERSHIPS
- Total calculated
- $126,646
- From this org
- $0
- From related orgs
- $123,540
- Other
- $3,106
- 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
-
$5,680
RECRUITMENT BOX, CHARTERING FEES, NEW MEMBERSHIPS, TRAVEL EXPENSES
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.
-
501(C)(3) · PROMOTE STUDENT INTEREST IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503179349306815
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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