Lambda Chi Alpha Fraternity Inc
- Assets
- $416.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yankton, SD
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 36-3464345
Organization Overview
Lambda Chi Alpha Fraternity Inc is located in Yankton, SD. 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. 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 12/2021, Lambda Chi Alpha Fraternity Inc generated $65.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $27.0k during the year ending 12/2021. 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
THE FRATERNITY MAINTAINS A CHAPTER IN ORDER TO SUPPORT UNDERGRADUATES INTO A WELCOMING CHAPTER WHERE THEY MAY LIVE AND LEARN. DIRECT BENEFITS TO APPROX. 25 UNDERGRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doyle Estes Vice President | 1 | $0 | |
Gary Welter President | 1 | $0 | |
Randy Sorensen Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,006 |
| Total Program Service Revenue | $20,000 |
| Membership dues | $0 |
| Investment income | $1,184 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,190 |
| 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 | $7,201 |
| Occupancy, rent, utilities, and maintenance | $19,749 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $26,950 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $133,573 |
| Other assets | $0 |
| Total assets | $415,997 |
| Total liabilities | $0 |
| Net assets or fund balances | $415,997 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alumni Association University Of Nebraska Lincoln, NE | $18,158,198 | $3,537,579 |
Sigma Phi Epsilon Foundation In Nebraska Inc Lincoln, NE | $4,553,934 | $970,576 |
Alpha Gamma Rho Fraternity Lincoln, NE | $134,547 | $784,798 |
Sigma Lambda Gamma National Sorority Inc Iowa City, IA | $363,211 | $683,914 |
Farm House Fraternity Inc Lincoln, NE | $93,483 | $739,181 |
Delta Tau Delta Fraternity Ames, IA | $14,265 | $764,487 |
Gamma Phi Beta Sorority Inc Lincoln, NE | $183,811 | $742,634 |
Beta Theta Pi Fraternity Lincoln, NE | $103,109 | $654,494 |
Peo Sisterhood International Chapter Des Moines, IA | $1,163,643 | $728,682 |
Farm House Fraternity Inc Ames, IA | $86,673 | $644,568 |
Alpha Tau Omega Fraternity Lincoln, NE | $3,127,246 | $677,415 |
Gamma Phi Beta Sorority Inc Lincoln, NE | $2,936,073 | $601,651 |