Risk Management Foundation

Organization Overview

Risk Management Foundation is located in Evanston, IL. The organization was established in 1990. As of 07/2023, Risk Management Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Risk Management 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 07/2023, Risk Management Foundation generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.2m during the year ending 07/2023. While expenses have increased by 5.6% per year over the past 8 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 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RISK MANAGEMENT FOUNDATION (RMF) IS A NOT-FOR-PROFIT 501(C)(3) EDUCATIONAL FOUNDATION ESTABLISHED TO EDUCATE CHAPTERS AND HOUSE CORPORATIONS OF SIGMA CHI FRATERNITY ABOUT RISK MANAGEMENT AND PROVIDE AID IN TIMES OF LOSS.

Describe the Organization's Program Activity:

RMF PROVIDES EXTENSIVE EDUCATIONAL PROGRAMMING AND MATERIALS ABOUT RISK MANAGEMENT TO ITS MEMBERSHIP AND OTHER INTERESTED PARTIES. RISKWATCH EDUCATIONAL INITIATIVES INCLUDE AN E-NEWSLETTER (DISTRIBUTION OF 3,000), ELECTRONIC RISK MANAGEMENT ALERTS, LOCAL AND INTERNATIONAL EDUCATIONAL SEMINARS, SCHOLARSHIPS, AND ONE-ON-ONE ASSESSMENT AND REVIEW OF MEMBER RISK MANAGEMENT PLANS AND/OR INITIATIVES. RMF PROVIDES RISK MANAGEMENT EDUCATION AND RELATED SERVICES TO ITS MEMBERS. ANY CHAPTER OF SIGMA CHI FRATERNITY AND ANY HOUSE CORPORATION HOLDING TITLE TO OR MANAGING PROPERTY FOR THE BENEFIT OF A SIGMA CHI CHAPTER IS ELIGIBLE FOR MEMBERSHIP. TODAY, 97% OF SIGMA CHI'S CHAPTERS ARE SUBSCRIBING MEMBERS OF RMF.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Member / Chairman
$0
Name Not Listed
Board Member / Treasurer
$0
Name Not Listed
Board Member / Vice Chairman
$0
Name Not Listed
Board Member / Secretary
$0
Name Not Listed
Board Member
$0
Name Not Listed
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,324,323
Investment income $959,429
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$326,871
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,094,662

Grants Awarded

Over the last fiscal year, Risk Management Foundation has awarded $765,000 in support to 2 organizations.

Grant RecipientAmount

SIGMA CHI LEADERSHIP INSTITUTE

PURPOSE: RISK MANAGEMENT EDUCATION FOR UGS AND ADVISORS

$250,000

CONSTANTINE HOUSING INITIATIVE INC

PURPOSE: TO CONDUCT PROPERTY SAFETY INSPECTIONS AND LIFE SAFETY CONSULTATIONS FOR RMF-MEMBER PROPERTIES

$515,000
View Grant Profile

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