2024-06-07T11:33:29+00:00 2023-07-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-08-01 363579508 Risk Management Foundation RISK 8478693658 1714 Hinman Avenue Evanston IL 60201 Stephen Davidson Executive Director 2024-06-07 true Stephen Davidson 999009999 Kim Scifres P01316095 5023263996 2022 2023-04-26 12:10:37Z Stephen Davidson 1714 Hinman Avenue Evanston IL 60201 7952827 false X www.RMFeducation.org X 1988 IL 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. 6 6 6 10 0 0 0 0 3904297 4324323 1350540 632558 154709 137781 5409546 5094662 755000 765000 1669184 1708101 477180 487085 0 0 0 -140580 2255629 2760784 5215815 2648762 -121153 20799013 22083939 2245466 2547547 18553547 19536392 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. false false 5071764 765000 4462104 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. 5071764 true false false false false false false false false false false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true false true false true 2 0 true 6 true true true false false false false false false false false false false false X 6 6 false false false false true true false true true false false true true true true true true false false true false IL X STEPHEN DAVIDSON 8478693655 1714 HINMAN AVENUE EVANSTON IL 60201 Dennis Santoli Board Member / Chairman 10.0 X X 0 0 0 Edward Pitt Board Member / Treasurer 10.0 X X 0 0 0 Keith Dobrolinsky Board Member / Vice Chairman 10.0 10.0 X X 0 0 0 Nathan A Neal Esq Board Member / Secretary 7.0 X X 0 0 0 Andrew Williams Board Member 5.0 5.0 X 0 0 0 John Yeo Board Member 5.0 X 0 0 0 Stephen O Davidson Executive Director 25.0 15.0 X 112607 0 15929 112607 0 15929 0 false false true SIGMA CHI FOUNDATION 1714 Hinman Avenue EVANSTON IL 60201 Payroll reimbursement and admin fees 605967 1 0 MEMBER SUBSCRIPTION FEES 900099 4316823 4316823 Nazarene Trust Program Admin Fees 900099 7500 7500 0 0 0 0 4324323 959429 959429 0 0 2531294 2858165 -326871 0 -326871 -326871 JRF LLC Income 524298 136297 136297 Miscellaneous Income 900099 1484 1484 0 0 0 0 137781 5094662 4462104 0 632558 765000 765000 1708101 1708101 128536 122109 6427 299611 284630 14981 21060 20007 1053 16521 15695 826 21357 20289 1068 9601 7201 2400 52075 49471 2604 36106 34301 1805 118882 118882 0 0 346 346 56904 54059 2845 77851 73958 3893 64336 48252 16084 2647 2515 132 LOSS CONTROL & LOSS ADJUSTMENT 1788143 1698736 89407 TAXES PAID 29056 29056 EDUCATION RESOURCES 10213 9702 511 MEMBERSHIPS & LICENSES 2965 2965 6504 6504 0 0 5215815 5071779 144036 0 819 356581 61814 112917 1751 20455 0 0 0 0 74260 96008 16554 15798 0 0 0 0 18114368 18711372 1030742 1072103 0 1498705 1698705 20799013 22083939 29842 62540 240000 240000 7290 1421 0 0 1968334 2243586 2245466 2547547 X 18553547 19536392 18553547 19536392 20799013 22083939 -121153 1103998 0 X false true X true false X 0 3871361 3968892 3553366 3942388 4462104 19798111 0 0 0 3871361 3968892 3553366 3942388 4462104 19798111 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19798111 748841 485863 490431 1172947 959429 3857511 210194 161703 114736 116618 0 603251 959035 647566 605167 1289565 959429 4460762 0 0 0 0 0 0 48026 0 0 0 1484 49510 4878422 4616458 4158533 5231953 5423017 24308383 0.8145 0.8200 0.18 0.18 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 48026.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 1484.0, COLUMN F - 49510.0; Due From Related Party (CHI) 1698705 1698705 Unpaid Losses and Loss Adjustment Expense 2243586 2243586 X 6162554 1103998 0 1103998 5058556 36106 0 36106 5094662 5179709 0 0 5179709 36106 0 36106 5215815 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation has been determined to be exempt from income tax under Section 501(c)(3) of the Internal Revenue Code, and accordingly, no provision has been made for either federal or state income taxes. The Organization has evaluated the tax positions taken for all open tax years. Currently, the returns for the prior three fiscal years are open and subject to examination by the Internal Revenue Service; however, the Organization is not currently under audit nor has the Organization been contacted by this jurisdiction. Based on the evaluation of the Organization's tax positions, management believes all positions would be upheld under an examination; therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended July 31, 2023 and 2022. true SIGMA CHI LEADERSHIP INSTITUTE 1714 HINMAN AVE Evanston IL 60201 260490104 501(c)(3) 250000 RISK MANAGEMENT EDUCATION FOR UGS AND ADVISORS CONSTANTINE HOUSING INITIATIVE INC 1714 HINMAN AVE EVANSTON IL 60201 822214735 501(c)(7) 515000 TO CONDUCT PROPERTY SAFETY INSPECTIONS AND LIFE SAFETY CONSULTATIONS FOR RMF-MEMBER PROPERTIES 1 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. RMF provides grants to qualifying subscribing RMF members including chapters of the Sigma Chi Fraternity or their House Corporations to support the installation of life safety upgrades to the residential facility or for ongoing risk management training in education. Typical grant awards are up to $10,000. In order to qualify for a grant, a subscribing RMF member must provide proof of life safety upgrade installation or confirmation that an educational workshop took place before the grant is paid. Grants are paid either directly to the vendor/service provider or as a reimbursement to the House Corporation or Chapter. RMF maintains records substantiating the amounts paid to each qualifying subscribing RMF member. No Grant will pay in Fiscal Year 2023. RMF ALSO PROVIDES FUNDS TO THE SIGMA CHI LEADERSHIP INSTITUTE, A 501(C)(3) ORGANIZATION, TO ASSIST WITH RISK MANAGEMENT EDUCATION AND SUBSTANCE-FREE EVENT PROGRAMMING AT THE ANNUAL KRACH TRANSFORMATIONAL LEADERS WORKSHOP EACH SUMMER. THESE GRANT FUNDS PROVIDE FOR ON-SITE AND ONLINE RISK MANAGEMENT EDUCATION FOR CHAPTER OFFICERS AND INDIVIDUAL MEMBERS. false false false false false false Stephen O Davidson Executive Director 101684 0 10625 0 298 0 8446 0 7483 0 128536 0 0 0 Schedule J, Part II Compensation from Unrelated Organization The filing organization's executive director is compensated by an unrelated organization for services provided to the filing organization and a related organization. Compensation reported on Schedule J represents the allocated amount for services provided to the filing organization. The executive director receives additional compensation from the unrelated organization for services provided to the related entity as follows: Reportable Compensation: $67,564 Deferred Compensation: $5,067 Nontaxable Benefits: $4,490 Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL NAME - STEPHEN O DAVIDSON, COMPENSATION FROM UNRELATED ORGANIZATION - 128536.000000, NAME OF UNRELATED ORGANIZATION - SIGMA CHI FOUNDATION, TYPE OF COMPENSATION - SALARY & WAGES Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION FOR OTHER OFFICERS/KEY EMPLOYEES THE ORGANIZATION DOES NOT COMPENSATE ANY OTHER OFFICERS OR KEY EMPLOYEES, THEREFORE, THIS QUESTION IS NOT APPLICABLE AND HAS therefore been marked No in accordance with the Form 990 instructions. Form 990, Part VI, Line 15a Process to establish compensation of top management official The top management official is compensated by an unrelated organization. This question has been marked no in accordance with the Form 990 instructions. Form 990, Part VI, Line 8b Executive Committee The executive committee shall consist of two (2) or more directors and such other persons as the board shall appoint, provided that a majority of the members of each committee shall be directors. Each executive committee, to the extent provided in the resolution creating such committee and except as limited by law, the articles of incorporation, or these bylaws, shall have and exercise the authority of the board of directors in the management of the corporation; but the designation of such committees and the delegation thereto of authority shall not operate to relieve the board of directors, or any individual director of any responsibility imposed upon it or him by law. Unless otherwise provided in the resolution creating an executive committee, such committee may select its chairman, fix the time and place of its meetings, specify what notice of meetings, if any, shall be given, and fix its rules of procedure, which shall not be inconsistent with these bylaws or with rules adopted by the board of directors. The act of a majority of executive committee members present at a meeting at which a quorum is present shall be the act of the committee. Form 990, Part VI, Line 6 Classes of members or stockholders The sole voting member of RMF is Sigma Chi Fraternity (SCF), a related tax-exempt organization. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body As the organization's sole voting member, SCF has the right to elect or appoint one or more members of the organization's governing body as the three-year terms of incumbents expire and as vacancies arise. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is reviewed in detail by management. Subsequent to this review, the completed Form 990 is presented to the organization's Board of Directors before filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The Conflict of Interest Policy of RMF covers all Board members and staff. Board members and staff are required to disclose potential and actual conflicts of interests on an annual basis. Potential and actual conflicts of interest are reviewed at the Board level. If the Board determines that an actual conflict of interest exists, then the board member with the conflict is prohibited from participating in the governing body's deliberations and decisions regarding the matters with respect to which a conflict has been determined to exist. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. SIGMA CHI FRATERNITY 1714 HINMAN AVENUE EVANSTON IL 60201 361773960 FRATERNITY IL 501(c)(7) NA false Constantine Housing Initiative inc 1714 Hinman Ave Evanston IL 60201 822214735 Fraternity Housing IL 501(c)(7) Risk Management Foundation true false true false false false false false false false false true true true true false false false false false Constantine Housing Initiative B 515000 FMV Sigma CHI Fraternity M 1708101 FMV SIGMA CHI FRATERNITY N 104076 FMV