Overview
What is Risk Management Foundation?
The Risk Management Foundation (RMF) is a 501(c)(3) nonprofit organization situated in Evanston, Illinois. Its primary objective is to educate and support Sigma Chi Fraternity chapters and their house corporations in managing risks. RMF achieves this through various means, including an e-newsletter, risk management alerts, seminars, scholarships, and one-on-one assessments of risk management plans. The RiskWatch program, a renowned initiative of RMF, has been recognized for its effectiveness in communicating risk management practices to undergraduates. RMF extends membership to any chapter of Sigma Chi Fraternity or house corporation managing property for its benefit. Additionally, RMF offers insurance coverage to its subscribing members, currently protecting over 15,000 brothers and managing property worth $280 million. (113 words)
Official website here: www.rmfeducation.org
Is Risk Management Foundation legitimate?
Risk Management Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Risk Management Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $132,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,517
For more financial information, click here
Official website here: www.rmfeducation.org
What is the mission statement of Risk Management Foundation?
The Risk Management Foundation, as a not-for-profit educational foundation, is dedicated to educating chapters and house corporations of Sigma Chi Fraternity about risk management and offering aid during times of loss. It provides extensive educational resources, including an e-newsletter, electronic alerts, seminars, scholarships, and one-on-one assessments of risk management plans. The foundation's RiskWatch program has been recognized for its effectiveness in communicating risk management practices to undergraduates. The Risk Management Foundation offers risk management education and related services to its members, which are primarily chapters of Sigma Chi Fraternity and house corporations managing property for the fraternity's benefit. The foundation also provides its subscribing members with insurance coverage through affiliated brokers.
Official website here: www.rmfeducation.org
What is the revenue of Risk Management Foundation?
Risk Management Foundation's revenue in 2022 was $5,409,546.
Official website here: www.rmfeducation.org
Who are the executives of Risk Management Foundation and what are their salaries?
The average compensation at Risk Management Foundation during 2022 was $84,534. There are 5 employees and 10 volunteers at Risk Management Foundation.
Here are 7 key members and their salaries:
- Stephen O Davidson (Executive Director)
- Dennis Santoli (Board Member / Chairman) [Trustee/Director]
- Edward Pitt (Board Member / Treasurer) [Trustee/Director]
- Keith Dobrolinsky (Board Member / Vice Chairman) [Trustee/Director]
- Nathan A Neal (Board Member / Secretary) [Trustee/Director]
- Andrew Williams (Board Member) [Trustee/Director]
- John Yeo (Board Member) [Trustee/Director]
Official website here: www.rmfeducation.org
Where can I find the form 990 for Risk Management Foundation?
The Risk Management Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.rmfeducation.org
Learn more at the official website: www.rmfeducation.org
Mission Statement of Risk Management Foundation
The Risk Management Foundation, a not-for-profit 501(c)(3) organization, is dedicated to educating chapters and house corporations of Sigma Chi Fraternity about risk management and offering aid during times of loss. Its primary mission is to serve as an educational resource, providing extensive programming and materials related to risk management. This includes distributing an e-newsletter, issuing electronic risk management alerts, conducting local and international educational seminars, offering scholarships, and providing one-on-one assessments and reviews of risk management plans. The foundation's RiskWatch program has been recognized for its excellence in communicating risk management practices to undergraduates. In addition to its educational initiatives, the Risk Management Foundation offers risk management services to its members, making insurance coverage available to subscribing chapters and house corporations. At present, 97% of Sigma Chi's chapters are subscribing members, insuring over 15,000 brothers and protecting a property value of $280 million.
Impact
This information is meant to be a general summary of Risk Management Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Risk Management Foundation has had a significant impact by providing extensive educational programming and materials about risk management to its members. Through initiatives such as the RiskWatch program, which includes distribution of an e-newsletter, electronic risk management alerts, seminars, scholarships, and one-on-one assessments of risk management plans, RMF has excelled in educating undergraduates on risk management practices. This educational approach has not only won awards for excellence but has also helped improve the risk management practices of Sigma Chi Fraternity's chapters and house corporations. As a result, 97% of Sigma Chi's chapters are now subscribing members of RMF, insuring over 15,000 brothers and $280 million in property value.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER SUBSCRIPTION FEES
Revenue
$3,874,297
Nazarene Trust Program Admin Fees
Revenue
$30,000
Organization Details
Founding Year
1988
Phone
(847) 869-3658
Main Address
1714 Hinman Avenue, Evanston, IL, 60201
Website
www.rmfeducation.org
NTEE Category
Code: E73Z - Health
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