Gamma Iota Sigma is located in Powell, OH. The organization was established in 1983. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2021, Gamma Iota Sigma employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gamma Iota Sigma 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 12/2021, Gamma Iota Sigma generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $933.1k during the year ending 12/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUSTAIN COLLEGIATE STUDENT INTEREST IN CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED GIS'S CORE PROGRAMMING INCLUDING REGIONAL CONFERENCE SERIES, THE PIPELINE EVENT, ALLIES IN INSURANCE EVENT, LEADERSHIP SYMPOSIUM, AND ANNUAL INTERNATIONAL CONFERENCE.
PRODUCED NEWLETTER AND OTHER PUBLICATIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Grace Grant Executive Director | OfficerTrustee | 40 | $150,000 |
Stephen Marohn President | OfficerTrustee | 1 | $0 |
Carrie Busic Vice President | OfficerTrustee | 1 | $0 |
Michael Klein Vice President | OfficerTrustee | 1 | $0 |
Nick Abraham Treasurer | OfficerTrustee | 1 | $0 |
James Barbuti Trustee | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $62,877 |
All other contributions, gifts, grants, and similar amounts not included above | $63,168 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $126,045 |
Total Program Service Revenue | $977,851 |
Investment income | $2,927 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,126,982 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $153,238 |
Compensation of current officers, directors, key employees. | $25,008 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $262,698 |
Pension plan accruals and contributions | $2,913 |
Other employee benefits | $14,345 |
Payroll taxes | $35,682 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,572 |
Fees for services: Accounting | $31,155 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,054 |
Advertising and promotion | $11,556 |
Office expenses | $15,163 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,770 |
Travel | $46,679 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $249,866 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $13,050 |
All other expenses | $0 |
Total functional expenses | $933,088 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $434,496 |
Savings and temporary cash investments | $297 |
Pledges and grants receivable | $100,000 |
Accounts receivable, net | $57,085 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $177,167 |
Investments—other securities | $42,425 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $811,470 |
Accounts payable and accrued expenses | $4,547 |
Grants payable | $0 |
Deferred revenue | $90,000 |
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 | $94,547 |
Net assets without donor restrictions | $616,923 |
Net assets with donor restrictions | $100,000 |
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 | $811,470 |
Over the last fiscal year, we have identified 4 grants that Gamma Iota Sigma has recieved totaling $95,000.
Awarding Organization | Amount |
---|---|
Spencer Educational Foundation Inc New York, NY PURPOSE: GENERAL GRANT | $50,000 |
Council Foundation Washington, DC PURPOSE: SUSTAINING PARTNER | $25,000 |
Kemper Educational & Charitable Fund Winnetka, IL PURPOSE: SUPPORT PROGRAM | $10,000 |
Wholesale And Specialty Insurance Association Kansas City, MO PURPOSE: SUSTAINING PARTNER CONTRIBUTION | $10,000 |
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Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Shippensburg University Student Services Inc Shippensburg, PA | $2,959,085 | $3,291,326 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
The New Common School Foundation Detroit, MI | $40,234,956 | $5,515,596 |