Alpha Lambda Delta
- Assets
- $5.2m
- Revenue
- $732.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Fairport, NY
- Founding
- 03/1951
- Data as of
- 05/2020
- EIN
- 59-6134595
Organization Overview
Alpha Lambda Delta is located in Fairport, NY. The organization was established in 1951. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2020, Alpha Lambda Delta employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 05/2020, Alpha Lambda Delta generated $732.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $760.2k during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PERPETUATE SCHOLASTIC ACHIEVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERPETUATE SCHOLASTIC ACHIEVEMENT AND FELLOWSHIP ON COLLEGE CAMPUSES THROUGHOUT THE UNITED STATES THROUGH ITS AFFILIATED CHAPTERS.
DISTRICT WORKSHOPS - LEADERSHIP TRAINING TO ALL MEMBERS.
NEWSLETTER - SEMI ANNUAL PUBLICATION TO ALL MEMBERS.
TO ENCOURAGE SUPERIOR SCHOLASTIC ACHIEVEMENT AND PROMOTE CONTINUED HIGHER STANDARDS FOR LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Merberg Executive Di | Officer | 40 | $103,819 |
Anthony Helms VP Ch Relati | OfficerTrustee | 1 | $0 |
Deborah Manzanares VP - Finance | OfficerTrustee | 1 | $0 |
Sharon Emerson-Stonnell PHD President | OfficerTrustee | 2 | $0 |
Bob Fisk Student Memb | Trustee | 1 | $0 |
Karlea Brunelle-Joiner PHD Council Memb | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $196,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$81,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,089 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $217,058 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,585 |
| Payroll taxes | $16,648 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,152 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $41,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,357 |
| Travel | $8,259 |
| 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 | $888 |
| Insurance | $4,709 |
| All other expenses | $0 |
| Total functional expenses | $760,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,643,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,288 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,328 |
| Prepaid expenses and deferred charges | $8,619 |
| Investments—publicly traded securities | $3,443,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,323 |
| Total assets | $5,202,079 |
| Accounts payable and accrued expenses | $12,972 |
| Grants payable | $0 |
| Deferred revenue | $4,888 |
| 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 | $36,511 |
| Total liabilities | $54,371 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $5,147,708 |
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