Rho Sigma Foundation EIN 38-3522792 Form 990 (PDF) Claim this org

Rho Sigma Foundation

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Expands opportunities for members to provide impactful service to Metro Detroit, focusing on women, youth, and education. For fiscal year 2023 it reported $206K in revenue, $21K in expenses, and $233K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Detroit, MI
Website
www.rhosigmafoundation.com
Filings
1 on file (2023–2023)
Revenue
$206KFY2023
Expenses
$21K
Net assets
$233K
People
14
Filings
1
Updates
0
More identity details & actions ⌄
EIN  38-3522792 Public charity (501(c)(3)) Detroit, MI
Form 990 (PDF)
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Size
$100K–1M
What they do
Expands opportunities for members to provide impactful service to Metro Detroit, focusing on women, youth, and education.
Leadership
Angela Bullock · Board Member
Money in and out
$206K revenue, $21K expenses
Bottom line
57% program efficiency
Where the money goes · FY2023
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$233K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $185K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.37 Fundraising $0.06
Program efficiency
57%
of spending reaches programs
Operating runway
134.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+90%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$21K
Pt IX · Ln 25
Net assets
$233K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$185K
Total assetsPt X · Ln 16$233K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 3173
Independent voting membersPt I · Ln 4173
Mission & Programs · Part III

Where the work happens

3 program services account for $11K of program spending, described in the organization's own filed words · FY2022.
01

Give 22 Scholarship program in partnership with Rho Sigma chapter of Sigma Gamma Rho Sorority, Inc. awards scholarships to graduating high school seniors, college undergraduate and graduate students.

$8Kprogram expense
02

Roundup is a networking program in partnership with Rho Sigma Chapter of Sigma Gamma Rho Sorority, Inc. which prepares membership in supporting educational and civic programs to improve the Detroit community.

$2Kprogram expense
03

Project Cradle Care Program in partnership with Rho Sigma Chapter of Sigma Gamma Rho Sorority, Inc. raises awareness and address issues that adversely affect black women and their children.

$710program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRho Sigma Foundation
EINHdr · item D38-3522792
Principal addressHdr · item CDetroit, MI
WebsiteHdr · item Jwww.rhosigmafoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFSep 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a173
Independent voting membersPt VI · Ln 1b173
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$182K · 89%
Program service revenue$12K · 6%
Contributions & grants$11K · 5%
Investment income89%$182K
Program service revenue6%$12K
Contributions & grants5%$11K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.37 Fundraising $0.06
Program services57%$12K
Management & general37%$8K
Fundraising6%$1K
Total functional expensesLn 25$21K

Balance Sheet

Part X · end of year
CashLn 1$233K
Total assetsLn 16$233K
Total liabilitiesLn 26$0
Total net assetsLn 32$233K
Months of cash on handcomputed134.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $233K · Operating expenses/yr $21K
134.3 months
Where the money goes
Program services
Program services $12K · Total expenses $21K
57%
Management & General
Management & general $8K · Total expenses $21K
37%
Fundraising
Fundraising $1K · Total expenses $21K
6%
Cost to raise $1
Fundraising expense $1K · Solicited contributions $11K
$0.10 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $206K
5%
Government reliance
Government grants $0 · Total revenue $206K
0%
Earned-income share
Program service revenue $12K · Total revenue $206K
6%
Investment reliance
Investment income $182K · Total revenue $206K
+89%
Program self-sufficiency
Program service revenue $12K · Total expenses $21K
60%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $233K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $21K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $233K
Net-asset ratio
Net assets $233K · Total assets $233K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $233K
0%
People & payroll
Highest Reported Total Compensation
Individual Angela Bullock · Reported title Board Member · Highest reported compensation $0 · Total expenses $21K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $21K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 37%
Fundraising cost ratio 10%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$129

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$206K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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