Sigma Delta Tau Foundation Inc
- Assets
- $1.5m
- Revenue
- $705.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 07/1990
- Data as of
- 06/2022
- EIN
- 35-1783190
Organization Overview
Sigma Delta Tau Foundation Inc is located in Carmel, IN. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Delta Tau 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 Delta Tau Foundation Inc generated $705.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $535.0k during the year ending 06/2022. While expenses have increased by 22.0% 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
SIGMA DELTA TAU FOUNDATION, INC. WAS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FOUNDATION SUPPORTS COLLEGE EDUCATION BY AWARDING GRANTS AND SCHOLARSHIPS TO STUDENTS. THE FOUNDATION ALSO MAY PROVIDE FINANCIAL GRANTS TO SIGMA DELTA TAU SOCIETY, A 501(C)(7) ORGANIZATION WHOSE ACTIVITIES ARE CONSISTENT WITH ENCOURAGING PATRIOTISM, SCHOLARSHIP, LEADERSHIP, AND PERSONAL DEVELOPMENT OF COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION ISSUED GRANTS AND SCHOLARSHIPS TO INDIVIDUAL MEMBERS OF SIGMA DELTA TAU SOCIETY AND OTHER ORGANIZATIONS EXCLUSIVELY FOR EDUCATIONAL PURPOSES.
PROGRAM COST TO PROVIDE PROGRAMMING, EDUCATION, HOUSING, AND SUPPORT FOR STUDENTS.
THE FOUNDATION ISSUED AN EDUCATIONAL GRANT TO SIGMA DELTA TAU SOCIETY IN SUPPORT OF EDUCATIONAL SPEAKERS AT THE SOCIETY'S LEADERSHIP CONFERENCE.
THE FOUNDATION PROVIDED INFORMATION TO SIGMA DELTA TAU SOCIETY MEMBERS THROUGH DEDICATED PAGES OF THE SOCIETY'S MAGAZINE AND THROUGH PUBLICATION OF A NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Arnovitz Trustee | Trustee | 2 | $0 |
Pam Borstein Trustee | Trustee | 2 | $0 |
Sari Factor Trustee | Trustee | 2 | $0 |
Carol Goldstein Trustee | Trustee | 2 | $0 |
Kate Shanfield Klepper Trustee | Trustee | 2 | $0 |
Suzanne Stakofsky Lutz Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $66,363 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,625 |
| All other contributions, gifts, grants, and similar amounts not included above | $617,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $702,926 |
| Total Program Service Revenue | $0 |
| Investment income | $28,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $704,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $260,437 |
| Grants and other assistance to domestic individuals. | $67,145 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,400 |
| Pension plan accruals and contributions | $7,802 |
| Other employee benefits | $0 |
| Payroll taxes | $6,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,974 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,045 |
| Office expenses | $3,909 |
| Information technology | $11,788 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $3,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,851 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $887 |
| All other expenses | $15,588 |
| Total functional expenses | $535,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,685 |
| Savings and temporary cash investments | $310,851 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,121,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,455,753 |
| Accounts payable and accrued expenses | $38,268 |
| 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 | $10,000 |
| Total liabilities | $48,268 |
| Net assets without donor restrictions | $302,099 |
| Net assets with donor restrictions | $1,105,386 |
| 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 | $1,455,753 |
Grants Awarded
Over the last fiscal year, Sigma Delta Tau Foundation Inc has awarded $219,705 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SIGMA DELTA TAU SOCIETY PURPOSE: EDUCATIONAL PROGRAMMING | $47,000 |
PREVENT CHILD ABUSE AMERICA PURPOSE: PROGRAMMING SUPPORT | $165,922 |
JEWISH WOMEN INTERNATIONAL PURPOSE: PROGRAMMING SUPPORT | $6,783 |