Delta Lambda Phi National Social Fraternity
- Assets
- $21.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1988
- Data as of
- 08/2023
- EIN
- 52-1559804
Organization Overview
Delta Lambda Phi National Social Fraternity is located in Washington, DC. The organization was established in 1988. 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. Delta Lambda Phi National Social Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Delta Lambda Phi National Social Fraternity generated $99.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $122.6k during the year ending 08/2023. While expenses have increased by 14.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE LIFE OF GAY, BISEXUAL, AND PROGRESSIVE MEN BY PROVIDING DIGNIFIED AND PURPOSEFUL, SOCIAL, SERVICE, AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3
ANNUAL CONVENTION. ANNUAL EVENT THAT PROVIDES MEMBERS WITH WORKSHOPS AND TRAINING FOR BOTH CHAPTER AND PERSONAL GROWTH. IN ADDITION TO THE WORKSHOPS, MANY SOCIAL AND FUN EVENTS ARE INCLUDED AS IS THE FRATERNITY ANNUAL BUSINESS MEETING. BECAUSE OF COVID-19, THE EVENT WAS HELD VIRTUALLY AND NO REGISTRATION FEES WERE COLLECTED FROM MEMBERS, EXPENSES RELATED TO IT AND MARKETING ONLY.
ALUMNI ASSOCIATION EVENTS, CHARTERING & COLONIZATION EVENTS.
REGIONAL CONFERENCE. WE HAVE 2 REGIONAL CONFERENCE PER YEAR (WHICH WERE CANCELLED BECAUSE OF COVID-19). THEY INCLUDE WORKSHOPS FOR CHAPTERS AND PERSONAL GROWTH. IN ADDITION, THERE ARE SOCIAL AND FUN EVENTS.
CHAPTER SUPPORT VISITS. WE OFFSET THE COST OF IN-PERSON CHAPTER VISITS TO VOLUNTEERS IN CHARGE WITH THOSE VISITS (NO VISITS THIS YEAR BECAUSE OF COVID-19). DURING THE CHAPTER SUPPORT VISIT, THE VOLUNTEERS FACILITATE EDUCATIONAL WORKSHOPS TO HELP MEMBERS WITH THE MANAGEMENT OF THEIR CHAPTER. IN ADDITION, THERE ARE SOCIAL AND FUN EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Schroff Trustee And Chairman Of The Board | 5 | $0 | |
Brosnan Rhodes Vice Chair And Treasurer | 3 | $0 | |
Zendrix Berndt At-Large Member | 3 | $0 | |
Jerry Higgins At-Large Member | 3 | $0 | |
Linds Whittaker At-Large Member | 3 | $0 | |
Jeff Devereaux At-Large Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,876 |
| Total Program Service Revenue | $0 |
| Membership dues | $34,615 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,945 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,500 |
| Professional fees and other payments to independent contractors | $1,357 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,711 |
| Other expenses | $115,987 |
| Total expenses | $122,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,382 |
| Other assets | $0 |
| Total assets | $21,382 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,382 |