Civic Intelligence

Rho Sigma Foundation

EIN 38-3522792 • 501(c)3 • Detroit, MI

Pub. 78 Eligible990-N CoverageNTEE P40

Profile

Rho Sigma Foundations mission is to expand opportunities for its members to provide impactful service to the Metro Detroit community with a specific emphasis on youth, women and education.

19411 West McNichols Road PMB 302Detroit, MI 48219

www.rhosigmafoundation.com

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$232,876

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$232,876

No earlier filing loaded for comparison.

Operations

Revenue

$205,633

No earlier filing loaded for comparison.

Expenses

$20,813

No earlier filing loaded for comparison.

Net Income

$184,820

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2023: $232,876Liabilities 2023: $0Net Assets 2023: $232,8762023

Highlighted filing

2023

Assets$232,876
Liabilities$0
Net Assets$232,876
Open 2023 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2023: $205,633Expenses 2023: $20,813Net Income 2023: $184,8202023

Highlighted filing

2023

Revenue$205,633
Expenses$20,813
Net Income$184,820
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$232,876
Liabilities
$0
Net assets
$232,876
Revenue
$205,633
Expenses
$20,813
Net income
$184,820
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$2.06$0.21$1.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$205,633
Mission and Program Overview

Mission

Rho Sigma Foundations mission is to expand opportunities for its members to provide impactful service to the Metro Detroit community with a specific emphasis on youth, women and education.

Rho Sigma Foundations mission is to expand opportunities for its members to provide impactful service to the Metro Detroit Community with a specific emphasis on women, youth and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$21,999$204,020▲ $182,021
Cash and Non-Interest-Bearing Accounts$26,057$28,856▲ $2,799
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$48,056$232,876▲ $184,820
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$48,056$232,876▲ $184,820
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$48,056$232,876▲ $184,820
Total Liabilities and Net Assets / Fund Balance$48,056$232,876▲ $184,820
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tracie ApatiraPresident
Cynthera McNeill1st Vice President
Sharon Davis2nd Vice President
Angela BullockBoard Member
Jamye Jeter-CameronBoard Member
Kelly JohnsonBoard Member
Kendra CookBoard Member
Makeda TurnerBoard Member
Mareitta Alston-WilliamsBoard Member
Raquel Welch-JohnsonBoard Member
Ruby Coates-PriceBoard Member
Shamika LakeBoard Member
Tiffany BryantSecretary
Deanne SaffoldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,198
Program Service Revenue
$12,414
Investment Income
$182,021
Other Revenue
$0
All Other Contributions
$543
Change in Net Assets
$184,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,813
Total Fundraising Expense$1,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$0$0$1,164$1,164
Office Expenses$0$982$0$982
Insurance$0$557$0$557
Advertising$0$439$0$439
Information Technology$0$72$0$72
Fees for Services Management$0$20$0$20
Total Functional Expenses$11,864$7,785$1,164$20,813
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization consists of Board Members and all members in good standing with Rho Sigma Chapter of Sigma Gamma Rho Sorority, Inc.”

Form 990, Part VI, Section A, Line 7A

“Active membership vote to elect members of the governing body by simple majority.”

Form 990, Part VI, Section A, Line 7B

“The governance decisions of the organization is subject to approval by the active membership. The governing body presents the decisions to the membership for approval or rejection.”

Form 990, Part VI, Section A, Line 8B

“Each committee does not have the authority to act on behalf of the governing body without the approval from the governing body.”

Form 990, Part VI, Section B, Line 11B

“The completed 990 is forwarded to the governing body for review and is discussed at the scheduled Board meeting prior to the submission of the 990.”

Form 990, Part VI, Section C, Line 19

“There is a statement on the organizations website directing the public to contact the organization for governing documents and financial statements. The website is www.rhosigmafoundation.com.”

Filing and Contact Details

Filer

Filer Name
Rho Sigma Foundation
EIN
38-3522792
Phone
5134035472
Address
19411 West McNichols Road PMB 302, Detroit, MI 48219

Signing Officer

Name
Deanne Saffold
Title
Treasurer
Phone
3132826141
Signed
2024-04-15

Organization Details

Principal Officer
Tracie Apatira
Formed
2000
Legal Domicile
Mi
Voting Board Members
173
Independent Board Members
173
Employees
0
Volunteers
173
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1C

“The organization complied with backup withholding rules. The prize winnings were between $25 and $100 which did not require withholding.”

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IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0Rho Sigma Foundations mission is to expand opportunities for its members to provide impactful service to the Metro Detroit community with a specific emphasis on youth, women and education.
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IRS990/OtherExpensesGrp/FundraisingAmt10
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IRS990/PayrollTaxesGrp/ProgramServicesAmt00
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