Risk Management Foundation
Risk Management Foundation
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About this organization
Mission
Risk Management Foundation (RMF) is a not-for-profit 501(c)(3) educational foundation established to educate chapters and house corporations of Sigma Chi Fraternity about risk management and provide aid in times of loss.
About
RMF provides extensive educational programming and materials about risk management to its membership and other interested parties. Riskwatch educational initiatives include an e-newsletter (distribution of 3,000), electronic risk management alerts, local and international educational seminars, scholarships, and one-on-one assessment and review of member risk management plans and/or initiatives. The Riskwatch program has won several awards for its excellence in communicating risk management practices to undergraduates. RMF provides risk management education and related services to its members. Any chapter of Sigma Chi Fraternity and any house corporation holding title to or managing property for the benefit of a Sigma Chi chapter is eligible for membership. RMF provides access to insurance coverage for its subscribing members by the purchase of insurance policies through an affiliated broker. Today, 97% of Sigma Chi's chapters are subscribing members of RMF, insuring over 15,000 brothers and $250 million in property value.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Risk management foundation (rmf) is a not-for-profit 501(c)(3) educational foundation established to educate chapters and house corporations of sigma chi fraternity about risk management and provide aid in times of loss.”.
When referring to its actions, they were described as: “Risk management foundation (rmf) is a not-for-profit 501(c)(3) educational foundation established to educate chapters and house corporations of sigma chi fraternity about risk management and provide aid in times of loss.”.
- According to the law, the state of operation reported by the non-profit is IL.
- As per the filing, the address of the non-profit for 2020 is 1714 Hinman Avenue, Evanston, IL, 60201.
- According to their form, the non-profit as of 2020 has a total of 3 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,455,317.
- The CEO's salary plan within the organization is not subject to review and endorsement by a neutral party.
- The organization elects its board members.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 6 independent voting members.
- The organization was formed in 1988.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $284,388 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.
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