2025-11-13T13:13:47-06:00 2024-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-01-01 921073408 GAMMA IOTA SIGMA FOUNDATION GAMM 4849914471 PO BOX 1744 POWELL OH 43065 GRACE GRANT EXECUTIVE DIRECTOR 4849914471 2025-11-10 1 1 LISA BURKE P00220718 8169455500 2025-11-10 2024 2025-03-06 01:10:19Z GRACE GRANT PO BOX 1744 POWELL OH 43065 246200 0 X GIS-FOUNDATION.ORG X 2023 OH EQUITABLE ACCESS FOR STUDENTS PURSUING CAREERS IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE. 14 13 0 17 0 0 301769 246200 0 0 0 0 0 0 301769 246200 80869 67259 0 0 0 0 0 0 0 8786 45942 89655 113201 212114 132999 411933 544932 0 0 411933 544932 THE GAMMA IOTA SIGMA FOUNDATION SERVES A MISSION OF ENSURING EQUITABLE ACCESS TO CAREERS IN INSURANCE, RISK MANAGEMENT AND ACTUARIAL SCIENCE BY LOWERING SOCIAL AND FINANCIAL BARRIERS FOR ALL STUDENTS INTERESTED IN INDUSTRY CAREERS. 0 0 102904 67259 THE FOUNDATION'S FOCUS AREAS INCLUDE MENTAL WELLNESS, PROFESSIONAL DEVELOPMENT, ACCESSIBILITY, AND CHAPTER SUPPORT. MENTAL WELLNESS FOCUSES ON MENTAL HEALTH RESOURCES, PEER NETWORKING SPACES, AND HOLISTIC PROGRAMMING AT CONFERENCES. PROFESSIONAL DEVELOPMENT PROGRAMS AND RESOURCES PROVIDE PROFESSIONAL ATTIRE SCHOLARSHIPS, TRAVEL SCHOLARSHIPS, PROFESSIONAL HEADSHOTS, EXAM FEE REIMBURSEMENTS, AND OTHER PROGRAMMING. ACCESSIBILITY ENSURES THAT CONFERENCES AND EVENTS ARE ACCESSIBLE, MEETING THE NEEDS OF ALL STUDENTS. CHAPTER SUPPORT PROVIDES FOR CHAPTER EXPANSION AND CHAPTER DEVELOPMENT GRANTS TO UNIVERSITY PARTNERS. THE FOUNDATION PROVIDED RESOURCES AND DIRECT FINANCIAL SUPPORT TO OVER 200 STUDENTS AND 34 CHAPTERS IN 2024. 102904 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 1 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 X GRACE GRANT EXECUTIVE DIRECTOR 4849914471 PO BOX 1744 POWELL OH 43065 GRACE GRANT EXECUTIVE DIRECTOR 10.00 30.00 X X 0 228540 5056 NICK ABRAHAM PRESIDENT 0.10 0.90 X X 0 0 0 MICHAEL KLEIN IMMEDIATE PAST PRESIDENT 0.10 0.90 X X 0 0 0 DAN SPRAGG EXECUTIVE VICE PRESIDENT 0.10 0.90 X X 0 0 0 DEBBIE GOLDSTINE VICE PRESIDENT (TERM START 9/2024) 0.10 0.90 X X 0 0 0 TAY HOANG VICE PRESIDENT 0.10 0.90 X X 0 0 0 JASON WARDEN VICE PRESIDENT 0.10 0.90 X X 0 0 0 KELLY HENNIGAN TREASURER 0.10 0.90 X X 0 0 0 BRADY KELLEY SECRETARY 0.10 0.90 X X 0 0 0 MIKE BOA TRUSTEE 0.10 0.90 X 0 0 0 DEREK GREENACRE TRUSTEE 0.10 0.90 X 0 0 0 KRISTI HOSKINSON TRUSTEE 0.10 0.90 X 0 0 0 LOGAN KNUTSON TRUSTEE 0.10 0.90 X 0 0 0 ANGELICA LEDEZMA TRUSTEE (TERM START 9/2024) 0.10 0.90 X 0 0 0 CARRIE BUSIC LOWE IMMEDIATE PAST PRESIDENT (TERM END 6/2024) 0.10 0.90 X X 0 0 0 JILL BISCO TRUSTEE (TERM END 9/2024) 0.10 0.90 X 0 0 0 STEPHANIE DUNSTAN TRUSTEE (TERM END 9/2024) 0.10 0.90 X 0 0 0 WILL GILCHRIST TRUSTEE (TERM END 9/2024) 0.10 0.90 X 0 0 0 ALYSSA BOUCHARD SVP, DEVELOPMENT 5.00 35.00 X 0 116680 11320 NIKIA STOWE SVP, UNIVERSITY PARTNERSHIPS 5.00 35.00 X 0 123540 3106 0 468760 19482 0 0 1 0 0 246200 246200 246200 0 0 0 X 25410 25410 41849 41849 7200 7200 14335 14335 2923 426 2497 21484 20884 600 113201 102904 10297 0 478679 18379 411933 47874 411933 544932 0 0 X 411933 526553 18379 411933 544932 411933 544932 132999 0 X X 0 1 X 1 0 X 301769 246200 547969 301769 246200 547969 335944 212025 547969 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATE 47874 47874 X PART X, LINE 2: GAMMA IOTA SIGMA HAS BEEN GRANTED EXEMPTION FROM INCOME TAXES BY THE INTERNAL REVENUE SERVICE UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). THE GAMMA IOTA SIGMA FOUNDATION'S TAX EXEMPTION WAS PENDING UNTIL AUGUST 2, 2024 WHEN THE EXEMPTION WAS GRANTED RETROSPECTIVE TO MARCH 20, 2023 UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE IRC. ASC TOPIC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST FOR THE ORGANIZATIONS AS OF DECEMBER 31, 2024. THE ORGANIZATIONS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2021. 1 FISK UNIVERSITY 1000 17TH AVE N NASHVILLE TN 37208 620202000 501(C)(3) 5680 0 N/A N/A RECRUITMENT BOX, CHARTERING FEES, NEW MEMBERSHIPS, TRAVEL EXPENSES 1 0 TRAVEL SCHOLARSHIPS 67 26249 N/A N/A PROFESSIONAL ATTIRE STIPEND 182 14900 N/A N/A ACADEMIC SCHOLARSHIPS 7 700 N/A N/A PART I, LINE 2: PART II: CHAPTER EXPANSION GRANTS ARE AWARDED TO NEW CHAPTERS UPON COMPLETION OF THE CHAPTER APPLICATION AND APPROVAL BY THE GRANT CHAPTER AND EXECUTIVE BOARD/ADVISORY COUNCIL. THE PROCESS IS TO BE COMPLETED WITHIN ONE YEAR IN ORDER TO BE ELIGIBLE. PART III: TRAVEL SCHOLARSHIPS ARE AWARDED BASED ON NOMINATIONS MADE BY FACULTY ADVISORS OR STUDENT EXECUTIVE BOARD MEMBERS. NOMINATED STUDENTS MUST COMPLETE THE APPLICATION AND REGISTER FOR THE CONFERENCE. PROFESSIONAL ATTIRE STIPENDS ARE AWARDED BASED ON THE COMPLETED APPLICATION AND AN ACKNOWLEDGEMENT THAT THE FUNDS WILL BE USED TO PURCHASE APPROPRIATE PROFESSIONAL ATTIRE. STUDENTS ARE REQUIRED TO PROVIDE RECEIPTS AND CAN ONLY RECEIVE ONE AWARD PER ACADEMIC YEAR. 0 0 0 0 0 0 0 0 0 GRACE GRANT EXECUTIVE DIRECTOR 0 165000 0 60000 0 3540 0 5056 0 0 0 233596 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY GAMMA IOTA SIGMA (GIS), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R, PART II). THE GIS COMPENSATION COMMITTEE UTILIZED A COMPENSATION CONSULTANT TO ESTABLISH COMPENSATION. THE COMMITTEE MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, COMPRISED OF THE OFFICERS OF THE CORPORATION, HAS ALL THE POWERS TO TRANSACT BUSINESS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES. THE COMMITTEE'S FUNCTION IS TO HANDLE SUCH MATTERS AS EXTEND BEYOND THE SCOPE OF RESPONSIBILITY OF ANY OFFICER ACTING ALONE. FORM 990, PART VI, SECTION A, LINE 4 GAMMA IOTA SIGMA FOUNDATION AMENDED ITS GRAND CHAPTER CODE OF REGULATIONS TO INCLUDE A DISSOLUTION CLAUSE TO ARTICLE I AND AN ADDITION TO ARTICLE II.7 ON WHEN A TRUSTEE MAY BE REMOVED FROM THE BOARD. THE DISSOLUTION CLAUSE STATES THAT UPON DISSOLUTION OF THIS ORGANIZATION, ASSETS SHALL BE DISTRIBUTED FOR ONE OR MORE EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, OR SHALL BE DISTRIBUTED TO THE FEDERAL GOVERNMENT, OR TO A STATE OR LOCAL GOVERNMENT, FOR A PUBLIC PURPOSE. THE ADDITION TO ARTICLE II.7 STATES THAT A TRUSTEE MAY BE REMOVED FROM THE BOARD SHOULD THEY LEAVE THEIR ROLE AT THE SPONSORING COMPANY, OR THEIR COMPANY CHOOSES TO END ITS PARTNERSHIP WITH GAMMA IOTA SIGMA AT WHICH POINT TERMINATION WOULD BE EFFECTIVE WHEN THE PARTNERSHIP ENDS OR THE INDIVIDUAL LEAVES THE SPONSORING COMPANY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF TRUSTEES OVERLAPS WITH THAT OF GAMMA IOTA SIGMA (GIS), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R). TRUSTEES APPOINTED TO, OR REMOVED FROM, THE GIS BOARD ARE SIMULTANEOUSLY APPOINTED TO, OR REMOVED FROM, THE FOUNDATION BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD PRESIDENT AND TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINES 13 & 14: THE FOUNDATION FOLLOWS THE WHISTLEBLOWER POLICY AND WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY OF GAMMA IOTA SIGMA, A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R, PART II). FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS COMPENSATED BY GAMMA IOTA SIGMA (GIS), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R, PART II). THE GIS COMPENSATION COMMITTEE UTILIZED A COMPENSATION CONSULTANT TO ESTABLISH COMPENSATION. THE COMMITTEE MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000. PHOTOGRAPHER FEES: PROGRAM SERVICE EXPENSES 9,335. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,335. FORM 990, PART XII, LINE 2C: THE FOUNDATION IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF GAMMA IOTA SIGMA (GIS). THE GIS FINANCE AND AUDIT COMMITTEE, APPOINTED BY THE MEMBERS OF THE EXECUTIVE COMMITTEE, IS RESPONSIBLE FOR OVERSIGHT OF THE CONSOLIDATED FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THE COMMITTEE ALSO PROVIDES INPUT AND GUIDANCE AROUND FINANCIAL REPORTING AND INTERNAL CONTROLS, ALONG WITH FINANCIAL ETHICS AND COMPLIANCE. GAMMA IOTA SIGMA PO BOX 1744 POWELL OH 43065 237087235 PROMOTE STUDENT INTEREST IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE OH 501(C)(3) LINE 10 N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0