2024-11-08T13:56:13-06:00 2023-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 921073408 GAMMA IOTA SIGMA FOUNDATION 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 X GRACE GRANT PO BOX 1744 POWELL OH 43065 301769 0 X GIS-FOUNDATION.ORG X 2023 OH EQUITABLE ACCESS FOR STUDENTS PURSUING CAREERS IN INSURANCE, RISK MANAGEMENT & ACTUARIAL SCIENCE. 14 13 0 15 0 0 301769 0 0 0 301769 80869 0 0 0 0 8786 89655 212114 411933 0 411933 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 89655 80869 THE FOUNDATION 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 2023. 89655 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 0 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 0 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 196165 4460 MICHAEL KLEIN PRESIDENT 0.10 0.90 X X 0 0 0 CARRIE BUSIC LOWE IMMEDIATE PAST PRESIDENT 0.10 0.90 X X 0 0 0 BRADY KELLEY VICE PRESIDENT 0.10 0.90 X X 0 0 0 KELLY HENNIGAN TREASURER (AS OF 10/5/23) 0.10 0.90 X X 0 0 0 MATT HEIMSTEAD SECRETARY 0.10 0.90 X X 0 0 0 JILL BISCO TRUSTEE 0.10 0.90 X 0 0 0 BARBARA BUFKIN TRUSTEE 0.10 0.90 X 0 0 0 STEPHANIE DUNSTAN TRUSTEE 0.10 0.90 X 0 0 0 WILL GILCHRIST TRUSTEE 0.10 0.90 X 0 0 0 MICHAEL HAWKINS TRUSTEE 0.10 0.90 X 0 0 0 FLORENT NDINDJOCK TRUSTEE 0.10 0.90 X 0 0 0 JOHN SMITH TRUSTEE 0.10 0.90 X 0 0 0 ZANE SMITH TRUSTEE 0.10 0.90 X 0 0 0 NICK ABRAHAM TREASURER (THRU 10/5/23) 0.10 0.90 X X 0 0 0 STEPHEN MAROHN THRU 92023 IMMEDIATE PAST PRESIDENT 0.10 0.90 X X 0 0 0 ALYSSA BOUCHARD VICE PRESIDENT, INDUSTRY ENGAGEMENT 5.00 35.00 X 0 104567 11332 0 300732 15792 0 0 1 0 0 301769 301769 301769 0 0 0 17010 17010 63859 63859 1122 1122 4134 4134 1235 1235 363 363 1932 1932 89655 89655 0 0 0 411933 0 411933 0 0 X 0 411933 0 411933 0 411933 212114 199819 0 X X 0 1 X 1 0 X 301769 301769 301769 301769 301769 301769 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM 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. 1 TRAVEL SCHOLARSHIPS 113 47059 0 N/A N/A PROFESSIONAL ATTIRE STIPEND 55 13750 0 N/A N/A ALAN C. WILLIAMS LEADERSHIP AWARD 1 2000 0 N/A N/A ACADEMIC SCHOLARSHIPS 3 1050 0 N/A N/A PART I, LINE 2: 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 145125 0 47500 0 3540 0 4460 0 0 0 200625 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 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 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