Sigma Phi Lambda Inc is located in Lubbock, TX. The organization was established in 2004. 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. Sigma Phi Lambda Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending undefined, Sigma Phi Lambda Inc generated $41.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $44.2k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 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
Describe the Organization's Program Activity:
Part 3
SIGMA PHI LAMBDA IS A SOCIAL ORGANIZATION THAT CHARGES DUES FOR MEMBERSHIP, HOLDS WEEKLY MEETINGS INVOLVING THE MEMBERS, AND PLANS AND HOLDS FELLOWSHIP ACTIVITIES FOR THOSE MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hailey Hamrick President/di | 1 | $0 | |
Jillian Gore Vice Pres/di | 1 | $0 | |
Kylee Sutherland Chaplain/dir | 1 | $0 | |
Ashton Sasser Secretary/di | 1 | $0 | |
Brittany Rubin Treasurer/di | 1 | $0 | |
Sarah Halford Alumni Board | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $693 |
Total Program Service Revenue | $597 |
Membership dues | $40,495 |
Investment income | $10 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $41,533 |
Statement of Expenses | |
---|---|
Total expenses | $44,162 |
Balance Sheet | |
---|---|
Total assets | $8,221 |
Total liabilities | $0 |
Net assets or fund balances | $8,221 |