Fraternity Of Alpha Kappa Lambda
- Assets
- $786.4k
- Revenue
- $823.7k
- Investments
- $46.6k
- Employees
- 6
- Location
- Carmel, IN
- Founding
- 02/1970
- Data as of
- 06/2022
- 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 06/2022, Fraternity Of Alpha Kappa Lambda employed 6 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 06/2022, Fraternity Of Alpha Kappa Lambda generated $823.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $849.5k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Stephen Hladik National President | OfficerTrustee | 1 | $0 |
Hamilton Galloway National Vice-President | OfficerTrustee | 1 | $0 |
Ryan Wainscott Undergraduate Representative | Trustee | 1 | $0 |
Patrick Allen Director | Trustee | 1 | $0 |
Andrew Heaton Director | Trustee | 1 | $0 |
Geoffrey Burger National VP Of Finance | OfficerTrustee | 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 | $66,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,911 |
| Total Program Service Revenue | $570,101 |
| Investment income | -$1,137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,875 |
| 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 | $823,681 |
| 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. | $102,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,305 |
| Pension plan accruals and contributions | $3,655 |
| Other employee benefits | $47,565 |
| Payroll taxes | $24,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $915 |
| Fees for services: Accounting | $9,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,385 |
| Office expenses | $17,248 |
| Information technology | $22,797 |
| Royalties | $0 |
| Occupancy | $40,906 |
| Travel | $15,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,684 |
| Interest | $7,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274 |
| Insurance | $238,323 |
| All other expenses | $0 |
| Total functional expenses | $849,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,454 |
| Savings and temporary cash investments | $43,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $118,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $74,390 |
| Inventories for sale or use | $24,835 |
| Prepaid expenses and deferred charges | $6,542 |
| Net Land, buildings, and equipment | $2,051 |
| Investments—publicly traded securities | $75,570 |
| Investments—other securities | $46,564 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,058 |
| Total assets | $786,362 |
| Accounts payable and accrued expenses | $47,756 |
| Grants payable | $0 |
| Deferred revenue | $21,260 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $368,058 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $263,513 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $700,587 |
| Net assets without donor restrictions | $77,385 |
| 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 | $786,362 |