Lambda Theta Alpha Foundation Inc
- Assets
- $139.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-2487539
Organization Overview
Lambda Theta Alpha Foundation Inc is located in Marietta, GA. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Theta Alpha Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lambda Theta Alpha Foundation Inc generated $61.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $31.4k during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 5 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
THE LAMBDA THETA ALPHA FOUNDATION 'S PURPOSE IS TO ENRICH OUR COMMUNITIES BY PROVIDING FUNDING FOR EDUCATION PROGRAMMING, SCHOLARSHIPS AND HUMANITARIAN RELIEF.
Describe the Organization's Program Activity:
Part 3
CHARITABLE AWARDS OF $2000 WERE GRANTED AS WELL AS $17,000 IN SCHOLARSHIP PAYMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merlix Reynolds VP Finance | 10 | $0 | |
Alma Sida VP Of Admin | 10 | $0 | |
Jenna Ortiz President | 10 | $0 | |
Paola Monrantes Villalobos VP Of Commui | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,765 |
| Total Program Service Revenue | $8,365 |
| Membership dues | $0 |
| Investment income | $1,215 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,544 |
| Other Revenue | $0 |
| Total Revenue | $61,889 |
| 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 | $950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $764 |
| Other expenses | $29,680 |
| Total expenses | $31,394 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $139,647 |
| Other assets | $0 |
| Total assets | $139,647 |
| Total liabilities | $0 |
| Net assets or fund balances | $139,647 |