Lambda Chi Alpha Fraternity Inc
- Assets
- $35.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 16
- Location
- Bloomington, IN
- Founding
- 01/1941
- Data as of
- 06/2023
- EIN
- 35-0885603
Organization Overview
Lambda Chi Alpha Fraternity Inc is located in Bloomington, IN. The organization was established in 1941. 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 06/2023, Lambda Chi Alpha Fraternity Inc employed 16 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lambda Chi Alpha 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 06/2023, Lambda Chi Alpha Fraternity Inc generated $68.4k 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 (37.3%) each year. All expenses for the organization totaled $92.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (32.4%) 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE MEMBERS WITH OPPORTUNITIES IN LEADERSHIP, EXCELLENCE IN ACADEMIC AND INTELLECTUAL PURSUITS AND ENCOURAGE COMMUNITY SERVICE AND SOCIAL ENRICHMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Woods President | 15 | $0 | |
Alex Martins Advisor | 15 | $0 | |
Lucas Hallal Vice President | 15 | $0 | |
Grant Lipps Treasurer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,344 |
| Total Program Service Revenue | $0 |
| Membership dues | $62,941 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,101 |
| Total Revenue | $68,386 |
| 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 | $24,669 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,489 |
| Total expenses | $92,097 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,359 |
| Other assets | $0 |
| Total assets | $35,359 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,359 |