Sigma Kappa Foundation INC

Tax-deductible

Carmel, IN501(c)(3)EducationEIN 35-1778450Revenue $2.3M in FY2025

On file with the IRSsigmakappa.org695 Pro Med Ln Ste 300, 46032-5331 · Carmel, INTax-exempt since Nov 1989Publicly supported charity — 170(b)(1)(A)(vi)

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To create and fund leadership, scholarship and philanthropic initiatives that reflect the values and spirit of Sigma Kappa sorority

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 150 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $670K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$117K
to officers and key staff · 10% of spending
Top officer’s pay lower than 57% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $142K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$250K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+35% vs prior year
Spent
$1.2M
To programs
49%
Net assets
$11.9M
By yearFY2021–FY2025
Revenue
$2.3M
FY2025▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$2.2M
FY2023$1.9M
FY2024$1.7M
FY2025$2.3M
Expenses
$1.2M
FY2025▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.4M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M
Net assets
$11.9M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$9.0M
FY2022$9.0M
FY2023$9.0M
FY2024$10.2M
FY2025$11.9M

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $594K Management & general 27% · $325K Fundraising 25% · $301K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $117K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chief Executive Officer
$117,385Pt VII · Sec A
VP Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Lisa Swiontek’s $117K as Chief Executive Officer is at the 43rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Lisa Swiontek$117,385$117,317$110,336$102,260$99,383

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Sigma Kappa Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds leadership, scholarships, and philanthropy reflecting sorority values.

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Provided by the organization

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3 programs · $594K · in their own filed words · FY2024
01

Through activities that encompass the individual chapter, the FRATERNITY/SORORITY community, the university community, and society in general. The sigma kappa foundation provides funding for programs and resources designed to promote personal and leadership development totaling nearly $3 million since 1989.

$226Kprogram expense
02

109 scholarships are available to outstanding members who exemplify sigma kappa's values of integrity, leadership, academic excellence, and our commitment to service and SISTERHOOD.SCHOLARSHIPS are provided by the foundation to encourage and support the scholastic development of our collegiate and alumnae sisters.

$220Kprogram expense
03

The foundation was called upon to provide emergency assistance to 14 members who have severe financial distress due to presidentially-declared disasters, unexpected life occurrences such as a loss of a job and illness.

$149Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 22 grants · $1.8M · 2020–2024
Sigma Kappa SororityIN · FY2024$132,045
Unitemized GrantFY2024$127,195
Unitemized GrantFY2024$44,701
Unitemized GrantFY2023$117,785
Sigma Kappa SororityIN · FY2023$99,812
Unitemized GrantFY2023$24,135
Maine Seacoast MissionME · FY2023$10,000
Unitemized GrantFY2022$116,030
Sigma Kappa SororityIN · FY2022$109,434
Unitemized GrantFY2022$43,286
Sigma Kappa SororityIN · FY2021$250,000
Unitemized GrantFY2021$136,500
Unitemized GrantFY2021$45,600
Maine Seacoast MissionME · FY2021$10,000
See all 22 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$745K
Money outPt IX
$1.2M
Ln 25
Programscol B$594K
Managementcol C$325K
Fundraisingcol D$301K
Owns and owesPt X
$11.9M
net assets · Ln 32
Cash and savingsLn 1–2$501K
Total assetsLn 16$12.1M
LiabilitiesLn 26$250K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$17K
Investment incomeLn 3$745K
Gains on assetsLn 7$436K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
SavingsLn 2$501K
Cash and savings togetherLn 1–2$501K
InvestmentsLn 11–13$11.3M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$77K
Total assetsLn 16$12.1M
LiabilitiesLn 26$250K
Net assetsLn 32$11.9M
OperationsPt I, VI
EmployeesI 57
VolunteersI 6150
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$175K$501K
InvestmentsLn 11–13$10.1M$11.3M
Land, buildings, equipmentLn 10c$5K$2K
Total assetsLn 16$10.5M$12.1M
LiabilitiesLn 26$303K$250K
Net assetsLn 32$10.2M$11.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$174K$174K
Grants to domestic individualsLn 2$172K$172K
Pay of current officers, directors and key staffLn 5$139K$35K$35K$69K
Other salaries and wagesLn 7$228K$76K$121K$31K
Other employee benefitsLn 9$49K$15K$21K$13K
Payroll taxesLn 10$29K$7K$14K$7K
Legal feesLn 11b$11K$3K$5K$4K
Accounting feesLn 11c$87K$19K$38K$29K
Office expensesLn 13$113K$5K$20K$88K
Information technologyLn 14$53K$13K$27K$13K
OccupancyLn 16$42K$10K$21K$10K
TravelLn 17$16K$9K$512$6K
Conferences, conventions and meetingsLn 19$51K$48K$2K$952
Depreciation, depletion and amortizationLn 22$3K$670$1K$670
InsuranceLn 23$18K$4K$9K$4K
Other expenses (24a–d)Ln 24$36K$3K$10K$23K
Total functional expensesLn 25$1.2M$594K$325K$301K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.3M$1.2M$1.1M$11.9M 990 PDF
FY2024 $1.7M$1.2M$507K$10.2M 990 PDF
FY2023 $1.9M$1.2M$714K$9.0M 990 PDF
FY2022 $2.2M$1.4M$874K$9.0M 990 PDF
FY2021 $1.3M$1.1M$154K$9.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,323,343 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,265,125$1,577,955
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $455,370$745,388
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,720,495$2,323,343
I-13 Grants and similar amounts paidPrior year $317,336$346,061
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $491,953$444,276
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $403,921$429,855
I-18 Total expensesPrior year $1,213,210$1,220,192
I-19 Revenue less expensesPrior year $507,285$1,103,151
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,323,343 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,577,955
VIII-1g Noncash contributions (included above)$17,468
VIII-1h Total contributions, gifts and grants$1,577,955
VIII-3 Investment incomeExcluded from tax $309,341$309,341
VIII-7 Net gain or loss on sales of assetsExcluded from tax $436,047$436,047
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $745,388$2,323,343
Part IX · Statement of functional expenses $1,220,192 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $174,165$174,165
IX-2 Grants to domestic individualsPrograms $171,896$171,896
IX-5 Pay of current officers, directors and key staffPrograms $34,681 · Management $34,681 · Fundraising $69,362$138,724
IX-7 Other salaries and wagesPrograms $75,708 · Management $121,108 · Fundraising $31,377$228,193
IX-9 Other employee benefitsPrograms $14,641 · Management $20,985 · Fundraising $13,176$48,802
IX-10 Payroll taxesPrograms $7,139 · Management $14,279 · Fundraising $7,139$28,557
IX-11b Legal feesPrograms $2,552 · Management $5,119 · Fundraising $3,707$11,378
IX-11c Accounting feesPrograms $19,094 · Management $38,206 · Fundraising $29,274$86,574
IX-13 Office expensesPrograms $4,731 · Management $20,161 · Fundraising $88,386$113,278
IX-14 Information technologyPrograms $13,290 · Management $26,582 · Fundraising $13,290$53,162
IX-16 OccupancyPrograms $10,447 · Management $20,894 · Fundraising $10,447$41,788
IX-17 TravelPrograms $9,365 · Management $512 · Fundraising $6,193$16,070
IX-19 Conferences, conventions and meetingsPrograms $48,193 · Management $1,784 · Fundraising $952$50,929
IX-22 Depreciation, depletion and amortizationPrograms $670 · Management $1,339 · Fundraising $670$2,679
IX-23 InsurancePrograms $4,380 · Management $8,760 · Fundraising $4,380$17,520
IX-24 Other expenses (24a–d)Programs $3,367 · Management $10,140 · Fundraising $22,970$36,477
IX-25 Total functional expensesPrograms $594,319 · Management $324,550 · Fundraising $301,323$1,220,192
Part X · Balance sheet $12,100,480 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $174,556$500,573
X-3 Pledges and grants receivableStart of year $130,672$210,480
X-8 Inventories for sale or useStart of year $20,118$19,338
X-9 Prepaid expenses and deferred chargesStart of year $21,750$24,265
X-10c Land, buildings and equipment, netStart of year $4,836$2,157
X-11 Publicly traded securitiesStart of year $10,060,640$11,266,448
X-15 Other assetsStart of year $114,141$77,219
X-16 Total assetsStart of year $10,526,713$12,100,480
X-17 Accounts payable and accrued expensesStart of year $71,778$184,347
X-18 Grants payableStart of year $128,351$0
X-25 Other liabilitiesStart of year $102,721$65,190
X-26 Total liabilitiesStart of year $302,850$249,537
X-27 Net assets without donor restrictionsStart of year $3,325,847$3,816,545
X-28 Net assets with donor restrictionsStart of year $6,898,016$8,034,398
X-32 Total net assets or fund balancesStart of year $10,223,863$11,850,943
X-33 Total liabilities and net assetsStart of year $10,526,713$12,100,480
Part XI · Reconciliation of net assets $11,850,943 net assets at year end
XI-1 Total revenue$2,323,343
XI-2 Total expenses$1,220,192
XI-3 Revenue less expenses$1,103,151
XI-4 Net assets at start of year$10,223,863
XI-5 Net unrealized gains (losses) on investments$523,929
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,850,943

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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