Eta Lambda Facility Corporation
- Assets
- $245.8k
- Revenue
- $308.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 12/2006
- Data as of
- 06/2023
- EIN
- 51-0513776
Organization Overview
Eta Lambda Facility Corporation is located in Indianapolis, IN. The organization was established in 2006. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Eta Lambda Facility Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 06/2023, Eta Lambda Facility Corporation generated $308.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $310.5k during the year ending 06/2023. While expenses have increased by 8.4% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES AND MANAGES THE CHAPTER HEADQUARTERS FOR THE ETA LAMBDA CHAPTER OF THE KAPPA ALPHA THETA COLLEGIATE SORORITY WHICH PROVIDES A PLACE TO FOSTER FRIENDSHIP, PROMOTE EDUCATIONAL AND CULTURAL INTERESTS, AND DEVELOP THE MATURITY OF THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Hartman President | OfficerTrustee | 10 | $0 |
Catherine Kellie Dickerson Vice President/treasurer | OfficerTrustee | 0.3 | $0 |
Jenni Schmaltz Vice President | OfficerTrustee | 5 | $0 |
Aimee Billow Forsythe Vice President | OfficerTrustee | 4 | $0 |
Nicole Frank Vice President | OfficerTrustee | 4 | $0 |
Jeffrey Risser Chief Financial Officer | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $307,976 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,104 |
| Payroll taxes | $1,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,421 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87 |
| Advertising and promotion | $0 |
| Office expenses | $5,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $256,374 |
| Travel | $1,078 |
| 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 | $11,181 |
| Insurance | $1,150 |
| All other expenses | $0 |
| Total functional expenses | $310,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,624 |
| 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 | $17,021 |
| Net Land, buildings, and equipment | $23,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,289 |
| Total assets | $245,841 |
| Accounts payable and accrued expenses | $1,771 |
| 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 | $260,996 |
| Total liabilities | $262,767 |
| Net assets without donor restrictions | -$16,926 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $245,841 |