Lambda Chi Alpha Fraternity Inc is located in Morgantown, WV. The organization was established in 1941. 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 12/2023, Lambda Chi Alpha Fraternity Inc generated $81.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $67.4k during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 2 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 Program Activity:
Part 3
PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS - TOTAL OF 75 MEMBERS FOR THE YEAR.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lane High Alpha | 0 | $0 | |
Charles Heinle High Beta | 0 | $0 | |
Garrett Schoeb High Delta | 0 | $0 | |
George Peppe High Epsilon | 0 | $0 | |
Connor Dolinsky High Gamma | 0 | $0 | |
Luke Trainor High Iota | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $81,913 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,913 |
| 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 | $4,390 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,046 |
| Total expenses | $67,436 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,966 |
| Other assets | $0 |
| Total assets | $34,966 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,966 |