Lambda Theta Phi Latin Fraternity Inc
- Assets
- $284.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Parsippany, NJ
- Founding
- 04/2000
- Data as of
- 07/2021
- EIN
- 22-3404044
Organization Overview
Lambda Theta Phi Latin Fraternity Inc is located in Parsippany, NJ. The organization was established in 2000. According to its NTEE Classification (Y42) the organization is classified as: Domestic Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Theta Phi Latin Fraternity Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2021, Lambda Theta Phi Latin Fraternity Inc generated $191.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $89.9k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (18.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
LAMBDA THETA PHI WAS BORN TO PROMOTE THE SPIRIT OF BROTHERHOOD, TO PROTECT THE RIGHTS OF LATINO STUDENTS IN HIS/HER QUEST FOR AN EDUCATION, TO PROMOTE THE RICH LATINO CULTURE, AND TO MAXIMIZE LEADERSHIP POTENTIALS TO PROVIDE GUIDANCE TO OUR COMMUNITY.
LAMBDA THETA PHI WAS BORN TO PROMOTE THE SPIRIT OF BROTHERHOOD, TO PROTECT THE RIGHTS OF LATINO STUDENTS IN HIS/HER QUEST FOR AN EDUCATION, TO PROMOTE THE RICH LATINO CULTURE, AND TO MAXIMIZE LEADERSHIP POTENTIALS TO PROVIDE GUIDANCE TO OUR COMMUNITY.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $190,399 |
| Investment income | $662 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $448 |
| Other Revenue | $87 |
| Total Revenue | $191,596 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,444 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $84,413 |
| Total expenses | $89,857 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $274,716 |
| Other assets | $0 |
| Total assets | $284,760 |
| Total liabilities | $0 |
| Net assets or fund balances | $284,760 |
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