Lambda Chi Alpha Fraternity Inc
- Assets
- $6.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 06/1967
- Data as of
- 06/2022
- EIN
- 46-0224751
Organization Overview
Lambda Chi Alpha Fraternity Inc is located in Sioux Falls, SD. The organization was established in 1967. 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 06/2022, Lambda Chi Alpha Fraternity Inc generated $105.0k 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 (3.6%) each year. All expenses for the organization totaled $110.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) 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
2022
Describe the Organization's Program Activity:
Part 3
THROUGH OUR CORE VALUES AND RITUALISTIC TEACHINGS , LAMBDA CHI ALPHA AIMS TO SYSTEMATICALLY DEVELOP OUR MEN BY FUNDAMENTALLY SHAPING WHO THEY ARE, WHAT THEY KNOW, AND WHAT THEY CAN DO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Mickelson President | 0 | $0 | |
Zach Ciurej Vice President | 0 | $0 | |
Seth Knoer Secretary | 0 | $0 | |
Hari Kadarkaraismy Secretary | 0 | $0 | |
Karter Knaack Treasurer | 0 | $0 | |
Carter Norris Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,828 |
| Total Program Service Revenue | $62,880 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$145 |
| Net Income from Gaming & Fundraising | $1,414 |
| Other Revenue | $0 |
| Total Revenue | $104,977 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $54,939 |
| Printing, publications, postage, and shipping | $338 |
| Other expenses | $42,502 |
| Total expenses | $110,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,709 |
| Other assets | $0 |
| Total assets | $6,709 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,709 |