Rho Sigma Lambda
Nonprofit profile at a glance
- EIN
- 452463661
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- McDonough, GA, USA
- Phone
- 4045023436
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $72,274
- Expenses
- $96,163
- Assets
- $28,550
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Corey Freeman (President)
- Bruce Bradley (Vice President)
People named in this filing
- William Simmons PhD (Foundation Chairman)
- Corey Freeman (President)
- Bruce Bradley (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Awarding college scholarships to high school seniors.
What it reported doing in 2024
Awarded college scholarships to high school seniors in our service area. With our fundraising events, we were able to award scholarships to 18 high school seniors.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 19
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.4%; rating input score 21
- Program expense ratio: 16.1%; rating input score 16
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -33.1%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -20% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 24.5% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 25.8% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 21.4% of revenue deployed · 16.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 21/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.