Sigma Gamma Foundation
- Assets
- $3.2m
- Revenue
- $190.0k
- Investments
- $3.0m
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 09/1957
- Data as of
- 12/2022
- EIN
- 38-6074066
Organization Overview
Sigma Gamma Foundation is located in Grosse Pointe Farms, MI. The organization was established in 1957. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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 Gamma 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 12/2022, Sigma Gamma Foundation generated $190.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $170.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sigma Gamma Foundation has awarded 11 individual grants totaling $219,490. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrs John B Warren Jr Director | 1 | $0 | |
Mrs David M Hempstead Director | 1 | $0 | |
Mrs Lloyd A Semple Treasurer | 4 | $0 | |
Mrs Peter Durand Director | 1 | $0 | |
Mrs Charles L Henritzy Director | 1 | $0 | |
Mrs William P Heller Jr President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,096 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,713 |
| Capital Gain Net Income | $107,713 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,127 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204 |
| Total operating and administrative expenses | $37,518 |
| Contributions, gifts, grants paid | $133,000 |
| Total expenses and disbursements | $170,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $128,169 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $104,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,152,818 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Sigma Gamma Foundation has awarded $133,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIETY BIKES FOR KIDS PURPOSE: TO PROVIDE BIKES FOR HANDICAP CHILDREN | $25,000 |
FULL CIRCLE FOUNDATION INC PURPOSE: TO CREATES JOBS AND LIFE SKILL OPPORTUNITIES FOR ADULTS WITH SPECIAL NEEDS | $2,000 |
DETROIT INSTITUE FOR CHILDREN PURPOSE: SUPPORT CHILDRENS MEDICAL SERVICE PROGRAM | $105,000 |
SIGMA GAMMA ASSOCATION PURPOSE: IN SUPPORT OF THE FIREWORKS PICNIC | $1,000 |