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Gamma Iota Sigma

EIN 23-7087235 · Powell, OH

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood78 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Raising each dollar of donations cost 571 cents.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

GAMMA IOTA SIGMA SERVES A MISSION OF PROMOTING AND SUSTAINING STUDENT INTEREST IN CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.

Income
$1.6 million
Spending
$1.5 million
Spent on programs
67%
Reserves
8 months of spending
Largest source of income
fees for its services, 98%
Employees
7
Volunteers
75
Highest pay
$233,596, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 78 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 8.0 months of spending.

  • Debt

    20 of 20

    It owes 11% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 4% of income.

  • Income trend

    15 of 15

    Income rose 5% on the year before.

  • Spending floor

    0 of 15

    67% of spending went to programs and raising each dollar of donations cost 571 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100.

  • Independent board

    25 of 25

    13 of 14 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $612,977 spent. CONFERENCES:GAMMA IOTA SIGMA (GIS) CONDUCTS CORE PROGRAMMING EACH YEAR THROUGH ITS REGIONAL CONFERENCE SERIES, ALLIES IN INSURANCE WORKSHOPS, LEADERSHIP SYMPOSIUM, AND ANNUAL CONFERENCE. IN 2024, THESE PROGRAMS ENGAGED OVER 1,300 STUDENTS REPRESENTING MORE THAN 100 COLLEGES AND UNIVERSITIES NATIONWIDE.(CONTINUED ON SCHEDULE O)THE REGIONAL CONFERENCE SERIES PROVIDES AN UNPARALLELED PLATFORM FOR BOTH STUDENTS AND INDUSTRY PROFESSIONALS TO CONNECT. STUDENTS FROM ALL 120 GAMMA IOTA SIGMA CHAPTERS, AT-LARGE MEMBERS, AND APPLICANT SCHOOL STUDENTS INTERESTED IN RISK MANAGEMENT, INSURANCE, AND ACTUARIAL SCIENCE GAIN VALUABLE INSIGHTS INTO THE INDUSTRY AND EXPLORE CAREER OPPORTUNITIES THROUGH CAREER FAIRS, NETWORKING, AND EDUCATIONAL SESSIONS. DURING 2024, THE SERIES REACHED 275 STUDENTS FROM 44 COLLEGES AND UNIVERSITIES AND INCLUDED 43 PARTICIPATING COMPANIES.ALLIES IN INSURANCE BRINGS LEADING INDUSTRY ORGANIZATIONS TOGETHER TO ENGAGE WITH COLLEGE STUDENTS IN AN INTERACTIVE SETTING FOCUSED ON PROFESSIONAL GROWTH, COMMUNITY, AND CONNECTION. THE EVENT PROVIDES SPACE FOR OPEN CONVERSATIONS AROUND CAREER DEVELOPMENT, PERSONAL WELL-BEING, AND COLLABORATION, WHILE FOSTERING MEANINGFUL RELATIONSHIPS ACROSS THE INDUSTRY. IN 2024, THE PROGRAM FEATURED 34 PARTICIPATING COMPANIES AND REACHED 450 STUDENTS.LEADERSHIP SYMPOSIUM IS THE KICKOFF TO THE ACADEMIC YEAR CONVENING AN ELITE GROUP OF CHAPTER OFFICERS FOR FOCUSED LEADERSHIP TRAINING, PEER NETWORKING, AND EXCLUSIVE ENGAGEMENT WITH SUSTAINING PARTNERS. A VARIETY OF WORKSHOPS AND INTERACTIVE SESSIONS ALLOW STUDENTS TO GAIN VALUABLE INSIGHTS, KNOWLEDGE, AND TOOLS TO SUCCEED IN THEIR ROLES AS LEADERS WITHIN GIS. THE 2024 SYMPOSIUM BROUGHT IN 34 SUSTAINING PARTNERS AND 104 CHAPTER OFFICERS FROM 67 COLLEGES AND UNIVERSITIES.THE ANNUAL CONFERENCE IS THE HALLMARK TALENT EVENT AND CENTRALIZED CONNECTION POINT FOR TOP COLLEGIATE TALENT AND INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE ORGANIZATIONS. DURING 2024, 520 STUDENTS FROM 69 COLLEGES AND UNIVERSITIES AND 90 PARTICIPATING COMPANIES CONVENED FOR A ONE-OF-ITS-KIND CAREER FAIR, DYNAMIC KEYNOTE SPEAKERS, ALLIES PROGRAMMING, EDUCATIONAL SESSIONS, PROFESSIONAL DEVELOPMENT WORKSHOPS, INDUSTRY ROUNDTABLES, NETWORKING OPPORTUNITIES, AND MORE.
  2. $413,366 spent. MEMBERSHIP AND CHAPTER OPERATIONS:GAMMA IOTA SIGMA PRODUCES STUDENT NEWSLETTERS, INDUSTRY NEWSLETTERS, AND OTHER COMMUNICATIONS TO INFORM MEMBERS ABOUT ORGANIZATIONAL ACTIVITIES, OPPORTUNITIES, AND INDUSTRY DEVELOPMENTS. GIS PROVIDES CAREER GUIDANCE OFFICE HOURS TO CONNECT STUDENTS WITH MEMBERS OF THE BOARD OF TRUSTEES AND ADVISORY COUNCIL FOR MENTORSHIP AND CAREER ADVICE.(CONTINUED ON SCHEDULE O)THE ORGANIZATION OFFERS PROFESSIONAL DEVELOPMENT PROGRAMS INCLUDING MOCK INTERVIEWS, RESUME REVIEWS, CAREER READINESS WORKSHOPS, AND SOFT SKILLS TRAINING. THESE PROGRAMS ARE DESIGNED TO ENHANCE STUDENTS' PROFESSIONAL COMPETENCIES, IMPROVE EMPLOYABILITY, AND FACILITATE MEANINGFUL CONNECTIONS WITH INDUSTRY PROFESSIONALS.CHAPTER LEADERS ENGAGE IN TRAINING AND DEVELOPMENT ACTIVITIES THAT PROMOTE LEADERSHIP SKILLS, ORGANIZATIONAL EFFECTIVENESS, AND PROFESSIONAL GROWTH, ENSURING STUDENTS ARE PREPARED FOR CAREERS IN INSURANCE, RISK MANAGEMENT, AND ACTUARIAL SCIENCE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 1983.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.