Fraternity Of Alpha Kappa Lambda
- Assets
- $765.7k
- Revenue
- $775.1k
- Investments
- $46.6k
- Employees
- 5
- Location
- Carmel, IN
- Founding
- 02/1970
- Data as of
- 06/2021
- EIN
- 94-1134660
Organization Overview
Fraternity Of Alpha Kappa Lambda is located in Carmel, IN. The organization was established in 1970. 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 06/2021, Fraternity Of Alpha Kappa Lambda employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fraternity Of Alpha Kappa Lambda is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Fraternity Of Alpha Kappa Lambda generated $775.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $708.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND LEADERSHIP SERVICES TO THE CHAPTERS OF THE FRATERNITY OF ALPHA KAPPA LAMBDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES: THE FRATERNITY PROVIDES SERVICES TO ITS CHAPTERS INCLUDING REGULAR STAFF VISITS, PUBLICATIONS AND RESOURCES, OVERSIGHT AND GUIDANCE.
RISK MANAGEMENT SERVICES: THE FRATERNITY CONDUCTS A RISK MANAGEMENT PROGRAM FOR ITS MEMBER CHAPTERS TO ENABLE THEM TO MAXIMIZE THE USE OF PROPERTY AND RESOURCES.
CONVENTIONS AND MEETINGS: THE FRATERNITY HOLDS A BIENNIAL NATIONAL CONCLAVE, WHICH IS A NATIONAL LEGISLATIVE CONVENTION, AND AN ANNUAL NATIONAL LEADERSHIP COLLEGE, OFFERING A VARIETY OF LEADERSHIP WORKSHOPS TO UNDERGRADUATE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Slivinski Secretary/exec. Director | Officer | 40 | $103,752 |
Stephen Hladik National President | OfficerTrustee | 1 | $0 |
Geoffrey Burger National VP Of Finance | OfficerTrustee | 1 | $0 |
Hamilton Galloway National Vice-President | OfficerTrustee | 1 | $0 |
Patrick Allen Director | Trustee | 1 | $0 |
Andrew Heaton Director | Trustee | 1 | $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 | $237,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,830 |
| Total Program Service Revenue | $505,962 |
| Investment income | $7,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,614 |
| 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 | $775,135 |
| 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. | $103,752 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $185,715 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,445 |
| Other employee benefits | $37,942 |
| Payroll taxes | $23,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,695 |
| Office expenses | $18,379 |
| Information technology | $20,351 |
| Royalties | $0 |
| Occupancy | $45,325 |
| Travel | $3,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,006 |
| Interest | $8,495 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480 |
| Insurance | $180,307 |
| All other expenses | $1,241 |
| Total functional expenses | $708,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,708 |
| Savings and temporary cash investments | $196,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,084 |
| Prepaid expenses and deferred charges | $1,200 |
| Net Land, buildings, and equipment | $239 |
| Investments—publicly traded securities | $63,591 |
| Investments—other securities | $46,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,632 |
| Total assets | $765,668 |
| Accounts payable and accrued expenses | $29,908 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $333,632 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $290,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $654,033 |
| Net assets without donor restrictions | $103,245 |
| Net assets with donor restrictions | $8,390 |
| 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 | $765,668 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |