Sigma Gamma Rho Sorority National Education Fund Inc
- Assets
- $1.2m
- Revenue
- $606.1k
- Investments
- $1.0m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/1986
- Data as of
- 12/2022
- EIN
- 31-1144466
Organization Overview
Sigma Gamma Rho Sorority National Education Fund Inc is located in Indianapolis, IN. The organization was established in 1986. 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 Gamma Rho Sorority National Education Fund 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 12/2022, Sigma Gamma Rho Sorority National Education Fund Inc generated $606.1k in total revenue. All expenses for the organization totaled $655.8k during the year ending 12/2022. While expenses have increased by 80.2% per year over the past 4 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 GAMMA RHO SORORITY NATIONAL EDUCATION FUND, INC. (NEF) SEEKS TO REMOVE BARRIERS FOR THOSE WHO ARE MOST DESERVING BY PROVIDING ACCESS TO SCHOLARSHIPS, LEADERSHIP DEVELOPMENT, AND COMMUNITY ENHANCEMENT PROGRAMS. SIGMA GAMMA RHO SORORITY NATIONAL EDUCATION FUND, INC. (NEF) IS DEDICATED TO HELPING EACH PERSON ACHIEVE HIS OR HER DREAMS BY OPENING THE DOORS TO THE FUTURE. THE MISSION IS TO 1) PROVIDE SCHOLARSHIP AID TO STUDENTS WITH FINANCIAL NEEDS FROM ALL BACKGROUNDS, AND 2) CONDUCT EDUCATIONAL PROGRAMS, WORKSHOPS, SYMPOSIUMS, AND FORUMS THAT ENHANCE THE QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO ASSIST QUALIFIED STUDENTS IN NEED
SUPPORT CENTENNIAL ANNIVERSARY OF SIGMA GAMMA RHO SORORITY. INC.. A 501C7 ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juanita Love President | Officer | 2 | $0 |
Nadine Dillanado Vice President | 2 | $0 | |
Tamesha Flowers Recording Secretary | 2 | $0 | |
Tyshara Lawson Financial Secretary | 4 | $0 | |
Theresa Armistead Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,007 |
| Fundraising events | $293,083 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,123 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $606,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $170,472 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,341 |
| Office expenses | $7,645 |
| Information technology | $75 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $859 |
| All other expenses | $0 |
| Total functional expenses | $655,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,492 |
| Savings and temporary cash investments | $4,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,652 |
| 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 | $0 |
| Investments—other securities | $1,011,918 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,225,438 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,225,438 |
| Net assets with donor restrictions | $0 |
| 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 | $1,225,438 |