Sigma Pi Educational Foundation Inc
- Assets
- $5.1m
- Revenue
- $849.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 11/2003
- Data as of
- 06/2022
- EIN
- 22-6034109
Organization Overview
Sigma Pi Educational Foundation Inc is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Pi Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sigma Pi Educational Foundation Inc generated $849.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $333.4k during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL AND LEADERSHIP DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED COLLEGE EDUCATION BY AWARDING SCHOLARSHIPS TO RECOGNIZE OUTSTANDING SCHOLARSHIP, LEDARSHIP, AND COMMUNITY INVOLVEMENT.
THE FOUNDATION PROVIDED A FINANCIAL GRANT TO A UNIVERSITY WHOSE ACTIVITIES ARE CONSISTENT WITH THOSE OF THE FOUNDATION WITH ENCOURAGING PATRIOTISM, SCHOLARSHIP, LEADERSHIP, AND PERSONAL DEVELOPMENT OF COLLEGE STUDENTS.
REVENUE DERIVED FROM CONFERENCES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Frost Executive/director/ceo | Officer | 10 | $0 |
Jeff Cline Chairman | Trustee | 1 | $0 |
Taylor Lapsys Secretary | Trustee | 1 | $0 |
Mike Long Vice Chairman - Legal | Trustee | 1 | $0 |
Daniel Daugherty Treasurer | Trustee | 1 | $0 |
David Presson Vice Chairman - Investment | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $520,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $520,101 |
| Total Program Service Revenue | $13,715 |
| Investment income | $205,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $110,047 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $147,682 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,318 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,328 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $990 |
| All other expenses | $3,517 |
| Total functional expenses | $333,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,902 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,676 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,382 |
| Net Land, buildings, and equipment | $667,460 |
| Investments—publicly traded securities | $3,935,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,303 |
| Total assets | $5,123,334 |
| Accounts payable and accrued expenses | $26,208 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,208 |
| Net assets without donor restrictions | $456,357 |
| Net assets with donor restrictions | $4,640,769 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,123,334 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Sigma Pi Educational Foundation Inc has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $7,500 |
Sykora Family Charitable Foundation Glassboro, NJ PURPOSE: SCHOLARSHIP ANDEDUCATION | $2,000 |
Steven D Kienitz Family Charitable Foundation Hamburg, NJ PURPOSE: TO FOSTER EDUCATIONAL GOALS OF THE ORGANIZATION | $1,000 |
Endowment Analysis
| Beg. Balance | $2,264,273 |
| Earnings | -$274,965 |
| Net Contributions | $105,868 |
| Other Expense | $192,122 |
| Ending Balance | $1,903,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |