2024-11-09T13:32:46-06:00 2023-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 237087235 GAMMA IOTA SIGMA GAMM 4849914471 PO BOX 1744 POWELL OH 43065 GRACE GRANT EXECUTIVE DIRECTOR 4849914471 2024-11-07 1 1 LISA BURKE P00220718 8169455500 2024-11-07 2023 2024-10-15 13:58:12Z GRACE GRANT PO BOX 1744 POWELL OH 43065 1520610 0 X WWW.GAMMAIOTASIGMA.ORG X 1966 PA PROMOTE & SUSTAIN COLLEGIATE STUDENT INTEREST IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE. 14 13 7 100 0 0 271357 26692 1272471 1483965 7116 9953 0 0 1550944 1520610 37670 700 0 0 527547 689156 0 0 157642 579448 766396 1144665 1456252 406279 64358 1150758 1431347 59465 469869 1091293 961478 X GAMMA IOTA SIGMA SERVES A MISSION OF PROMOTING AND SUSTAINING STUDENT INTEREST IN CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE. 0 0 584516 1379351 CONFERENCES:GAMMA IOTA SIGMA (GIS) CORE PROGRAMMING INCLUDES THE REGIONAL CONFERENCE SERIES, ALLIES IN INSURANCE EVENT, LEADERSHIP SYMPOSIUM, AND THE ANNUAL INTERNATIONAL CONFERENCE. DURING 2023, THESE CONFERENCES AND EVENTS REACHED OVER 1,300 STUDENTS FROM OVER 100 COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY.(CONTINUED ON SCHEDULE O)THE REGIONAL CONFERENCE SERIES PROVIDES AN UNPARALLELED PLATFORM FOR BOTH STUDENTS AND INDUSTRY PROFESSIONALS TO CONNECT. STUDENTS FROM ALL 110 GAMMA IOTA SIGMA CHAPTERS, AT-LARGE MEMBERS, AND APPLICANT SCHOOL STUDENTS INTERESTED IN RISK MANAGEMENT, INSURANCE, AND ACTUARIAL SCIENCE GAIN VALUABLE INSIGHTS INTO THE INDUSTRY AND EXPLORE CAREER OPPORTUNITIES THROUGH CAREER FAIRS, NETWORKING, AND EDUCATIONAL SESSIONS. DURING 2023, THE SERIES REACHED 275 STUDENTS FROM 44 COLLEGES AND UNIVERSITIES AND INCLUDED 43 PARTICIPATING COMPANIES.ALLIES IN INSURANCE BRINGS LEADING INDUSTRY ORGANIZATIONS TOGETHER TO COHESIVELY AND MEANINGFULLY ENGAGE WITH COLLEGIATE TALENT IN AN INTERACTIVE FORUM FOR CONVERSATIONS ON DIVERSITY, EQUITY, INCLUSION, ACCESSIBILITY, MENTAL WELLNESS, BELONGING, RESOURCE SHARING, AND NETWORKING. DURING 2023, THIS EVENT BROUGHT IN 34 PARTICIPATING COMPANIES AND REACHED 450 STUDENTS.LEADERSHIP SYMPOSIUM IS THE KICKOFF TO THE ACADEMIC YEAR CONVENING AN ELITE GROUP OF CHAPTER OFFICERS FOR FOCUSED LEADERSHIP TRAINING, PEER NETWORKING, AND EXCLUSIVE ENGAGEMENT WITH SUSTAINING PARTNERS. A VARIETY OF WORKSHOPS AND INTERACTIVE SESSIONS ALLOW STUDENTS TO GAIN VALUABLE INSIGHTS, KNOWLEDGE, AND TOOLS TO SUCCEED IN THEIR ROLES AS LEADERS WITHIN GIS. THE 2023 SYMPOSIUM BROUGHT IN 34 SUSTAINING PARTNERS AND 104 CHAPTER OFFICERS FROM 67 COLLEGES AND UNIVERSITIES.THE ANNUAL INTERNATIONAL CONFERENCE IS THE HALLMARK TALENT EVENT AND CENTRALIZED CONNECTION POINT FOR TOP COLLEGIATE TALENT AND INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE ORGANIZATIONS. DURING 2023, 520 STUDENTS FROM 69 COLLEGES AND UNIVERSITIES AND 90 PARTICIPATING COMPANIES CONVENED FOR A ONE-OF-ITS-KIND CAREER FAIR, DYNAMIC KEYNOTE SPEAKERS, DEI FORUMS, EDUCATIONAL SESSIONS, PROFESSIONAL DEVELOPMENT WORKSHOPS, INDUSTRY ROUNDTABLES, NETWORKING OPPORTUNITIES, AND MORE. 392304 700 104614 MEMBERSHIP AND CHAPTER OPERATIONS:GAMMA IOTA SIGMA PRODUCES STUDENT NEWSLETTERS, INDUSTRY NEWSLETTERS AND OTHER PUBLICATIONS. GIS PROVIDES CAREER GUIDANCE OFFICE HOURS AS A RESOURCE ALLOWING BOARD OF TRUSTEES AND ADVISORY COUNCIL MEMBERS THE OPPORTUNITY TO MENTOR STUDENTS ON THEIR CAREER JOURNEYS. THE SPEAKERS BUREAU IS A RESOURCE FOR CHAPTERS LOOKING FOR INDUSTRY SPEAKERS AND SUBJECT MATTER EXPERTS TO PRESENT TO THEIR CHAPTERS. MINORITY SERVING INSTITUTION ROUNDTABLES REACHED UPWARDS OF 25 HBCU'S, HISPANIC SERVING INSTITUTIONS AND COMMUNITY COLLEGES. DEI OFFICERS CONTINUE TO LEAD GIS CHAPTERS, PRIORITIZING DIVERSITY, EQUITY, AND INCLUSION WITH STUDENT LEADERS THROUGH INCREASED AWARENESS, TRAINING, AND EXPOSURE. 976820 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 7 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 CA X GRACE GRANT EXECUTIVE DIRECTOR 4849914471 PO BOX 1744 POWELL OH 43065 GRACE GRANT EXECUTIVE DIRECTOR 30.00 10.00 X X 196165 0 4460 MICHAEL KLEIN PRESIDENT 0.90 0.10 X X 0 0 0 CARRIE BUSIC LOWE IMMEDIATE PAST PRESIDENT 0.90 0.10 X X 0 0 0 BRADY KELLEY VICE PRESIDENT 0.90 0.10 X X 0 0 0 KELLY HENNIGAN TREASURER (AS OF 10/5/23) 0.90 0.10 X X 0 0 0 MATT HEIMSTEAD SECRETARY 0.90 0.10 X X 0 0 0 JILL BISCO TRUSTEE 0.90 0.10 X 0 0 0 BARBARA BUFKIN TRUSTEE 0.90 0.10 X 0 0 0 STEPHANIE DUNSTAN TRUSTEE 0.90 0.10 X 0 0 0 WILL GILCHRIST TRUSTEE 0.90 0.10 X 0 0 0 MICHAEL HAWKINS TRUSTEE 0.90 0.10 X 0 0 0 FLORENT NDINDJOCK TRUSTEE 0.90 0.10 X 0 0 0 JOHN SMITH TRUSTEE 0.90 0.10 X 0 0 0 ZANE SMITH TRUSTEE 0.90 0.10 X 0 0 0 NICK ABRAHAM TREASURER (THRU 10/5/23) 0.90 0.10 X X 0 0 0 STEPHEN MAROHN THRU 92023 IMMEDIATE PAST PRESIDENT 0.90 0.10 X X 0 0 0 ALYSSA BOUCHARD VICE PRESIDENT, INDUSTRY ENGAGEMENT 35.00 5.00 X 104567 0 11332 300732 0 15792 2 0 1 0 SODEXO LIVE 1 WEST PRATT ST BALTIMORE MD 21201 CATERING 148204 1 26692 26692 PARTNER DUES 900099 1285676 1285676 CONFERENCES & EVENTS 900099 93675 93675 MEMBERSHIP DUES 900099 83925 83925 CHARTER DUES 900099 12500 12500 8189 8189 1483965 9953 9953 1520610 1483965 0 9953 700 700 200625 60187 80250 60188 401929 250778 80386 70765 41262 19019 12658 9585 1288 1288 44052 23172 11316 9564 72155 72155 1502 1502 15704 13044 2660 20244 246 19998 27663 17863 8211 1589 29035 2783 24701 1551 35193 31124 1400 2669 530595 526203 4392 87 45 23 19 7945 4095 2138 1712 BAD DEBT EXPENSE 18045 18045 AWARD PLAQUES 8228 8228 1456252 976820 321790 157642 157961 538306 501173 502800 175000 10000 67270 86385 57155 88226 1048 87 0 961 192199 204669 1150758 1431347 5585 15811 53880 42125 0 411933 59465 469869 X 916293 951478 175000 10000 1091293 961478 1150758 1431347 64358 5646 -199819 0 X X 0 1 X 1 0 X 229728 249992 126045 271357 26692 903814 1064305 936987 977851 1272471 1483965 5735579 1294033 1186979 1103896 1543828 1510657 6639393 683 7955 8638 177238 232800 416205 325747 129150 1281140 177238 232800 416205 326430 137105 1289778 5349615 2006 1864 2927 7116 9953 23866 2006 1864 2927 7116 9953 23866 1575 1175 20159 22909 1297614 1190018 1126982 1550944 1520610 6686168 0.80010 0.77790 0.00360 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1048 87 961 961 DUE TO AFFILIATE 411933 411933 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, 2023. THE ORGANIZATIONS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2020. X X X 0 0 0 0 0 1 0 1 0 GRACE GRANT EXECUTIVE DIRECTOR 145125 0 47500 0 3540 0 4460 0 0 0 200625 0 0 0 PART I, LINE 6 THE EXECUTIVE DIRECTOR'S ANNUAL BONUS IS CONTINGENT UPON MEETING PRESCRIBED FUNDRAISING TARGETS. IF THOSE TARGETS ARE NOT MET, NO BONUS IS PAID. PART I, LINE 7 THE EXECUTIVE DIRECTOR IS ELIGIBLE TO RECEIVE AN ANNUAL MERIT-BASED BONUS AS DETERMINED BY THE COMPENSATION COMMITTEE AND REVIEWED/APPROVED BY THE EXECUTIVE COMMITTEE. 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 B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD PRESIDENT AND TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE UTILIZED A COMPENSATION CONSULTANT TO ESTABLISH EXECUTIVE DIRECTOR 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 XII, LINE 2C: THE 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. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GAMMA IOTA SIGMA FOUNDATION PO BOX 1744 POWELL OH 43065 921073408 STUDENT/CHAPTER RESOURCES AND SUPPORT OH 501(C)(3) LINE 7 GAMMA IOTA SIGMA 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GAMMA IOTA SIGMA FOUNDATION E 411933 INTERCOMPANY BALANCE