Gamma Iota Sigma
- Assets
- $811.5k
- Revenue
- $1.1m
- Investments
- $42.4k
- Employees
- 6
- Location
- Powell, OH
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 23-7087235
Organization Overview
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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |
Grants Recieved
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 |
Endowment Analysis
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