Sigma Lambda Beta International Fraternity
- Assets
- $298.3k
- Revenue
- $492.5k
- Investments
- $0.0
- Employees
- 6
- Location
- North Liberty, IA
- Founding
- 11/1997
- Data as of
- 08/2020
- EIN
- 31-1538511
Organization Overview
Sigma Lambda Beta International Fraternity is located in North Liberty, IA. The organization was established in 1997. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 08/2020, Sigma Lambda Beta International Fraternity employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Lambda Beta International Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2020, Sigma Lambda Beta International Fraternity generated $492.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $491.4k during the year ending 08/2020. While expenses have increased by 5.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL COLLEGE FRATERNITY - TO NURTURE AND FURTHER A DYNAMIC VALUES-BASED ENVIRONMENT WHICH UTILIZES OUR HISTORICALLY LATINO FRATERNITY AS A CATALYST TO BETTER SERVE THE NEEDS AND WANTS OF ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOARD OFFICERS AND DISTRICT GOVERNORS - THESE MEN TRAVEL TO THE CHAPTERS IN THEIR GEOGRAPHICAL ZONES TO WORK WITH UNDERGRADUATES AND ALUMNI ON CHAPTER DEVELOPMENT, LEADERSHIP DEVELOPMENT AND SCHOLASTIC DEVELOPMENT. THEY ALSO DEVELOP PROGRAMMING FOR THE CHAPTERS. OVER 500 UNDERGRADUATE MEMBERS ARE HELPED BY THESE VISITS.
VOLUNTEERS, EXECUTIVE DIRECTOR AND ASSISTANT EXECUTIVE DIRECTOR - PROVIDE ASSISTANCE TO THE CHAPTERS AND WITH CONFERENCES TO HELP WITH CHAPTER OPERATIONS, LEADERSHIP DEVELOPMENT AND SCHOLASTIC PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Smolka Vice President | Officer | 2 | $0 |
David Ayento Chairman | Officer | 2 | $0 |
Angel Arroyo Director | Trustee | 2 | $0 |
Roberto Ceballos Director | Trustee | 2 | $0 |
Steve Galvan Director | Trustee | 2 | $0 |
Orlando Garcia Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,792 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $492,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,227 |
| Payroll taxes | $20,899 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,753 |
| Fees for services: Accounting | $3,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $863 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,600 |
| Travel | $34,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $79,763 |
| All other expenses | $0 |
| Total functional expenses | $491,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $298,305 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $298,305 |
| Accounts payable and accrued expenses | $11,336 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,336 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $286,969 |
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|---|---|---|
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Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
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Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Pi Beta Phi Fraterntiy Town Country, MO | $1,016,424 | $3,235,102 |
Alpha Phi International Fraternity Chicago, IL | $317,269 | $2,685,882 |
Omega Enterprises Inc Eba Green Bay, WI | $419,566 | $1,989,091 |
Alpha Phi International Fraternity Inc Chicago, IL | $367,493 | $1,661,589 |