Alpha Sigma Foundation

Organization Overview

Alpha Sigma Foundation is located in Signal Mountain, TN. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Sigma Foundation 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 06/2021, Alpha Sigma Foundation generated $61.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $27.6k during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ADVANCEMENT OF LEARNING

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUMMER ENRICHMENT: GRANTS PROVIDED TO SELECTED ALPHA SIGMA OF CHI PSI UNDERGRADUATES AS THEY DEVOTE THEIR SUMMER TO EXPERIENCES THAT WILL ENRICH THEIR EDUCATIONAL DEVELOPMENT AND SUPPORT THE GREATER GOOD.


LODGE INTERNET: GRANTS PROVIDED TO PROVIDE INTERNET ACCESS TO ALPHA SIGMA OF CHI PSI UNDERGRADUATES, WHICH ALLOWS THE STUDENTS FULL ACCESS TO THE UNIVERSITY'S ONLINE RESOURCES.


OTHER: INCLUDES HOSTING A RECEPTION FOR INCOMING STUDENT RECIPIENTS OF THE MOREHEAD-CAIN SCHOLARSHIP AND A GRANT FOR SEMESTERLY RECEIPTIONS WITH PROFESSORS AND OTHER FACULTY OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Norberg
President
$0
William F A Decosimo
Treasurer
$0
David Lloyd
Director
$0
Trevor Thornton
Director
$0
Ben Adams
Director
$0
Marc Nelson
Director
$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$45,459
Noncash contributions included in lines 1a–1f $235
Total Revenue from Contributions, Gifts, Grants & Similar$45,459
Total Program Service Revenue$0
Investment income $12,712
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,273
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $61,444

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