Sigma Pi Phi (Iota Boule) Educational Foundation
Nonprofit profile at a glance
- EIN
- 382661313
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2009
- Location
- Bingham Farms, MI, USA
- Phone
- 3136455370
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $9,893
- Expenses
- $11,088
- Assets
- $378,479
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Jack Martin (President)
- Edward Thomas (Vice President)
People named in this filing
- Jack Martin (President)
- Edward Thomas (Vice President)
- Randolph Martin (Treasurer)
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
Philanthropic support - Public schools / at risk children
What it reported doing in 2024
Payment to independent contractor for purpose of administering the pathway to excellence education program supported under the terms of the grant received by the foundation
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 49
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -12.1%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 34.13; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -7.9% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 12.9% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $11K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.