Pi Lambda Phi Fraternity
- Assets
- $136.3k
- Revenue
- $88.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 03/1941
- Data as of
- 06/2023
- EIN
- 04-2721968
Organization Overview
Pi Lambda Phi Fraternity is located in Malden, MA. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pi Lambda Phi Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Pi Lambda Phi Fraternity generated $88.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $107.1k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN FACILITIES TO HOUSE THE MASSACHUSETTS THETA CHAPTER OF PI LAMBDA PHI FRATERNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED FACILITIES AND PROVIDED SUPPORT TO THE MASSACHUSETTS THETA CHAPTER OF PI LAMBDA PHI FRATERNITY. ASSURED THAT APPROPRIATE EDUCATIONAL AND LIVING SPACES WERE AVAILABLE IN A SAFE AND SECURE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Shuster Director | Trustee | 1 | $0 |
Kriss Aho Director | Trustee | 1 | $0 |
Fred Jao Director | Trustee | 1 | $0 |
Akash Das Director | Trustee | 1 | $0 |
Nitin Kumar Director | Trustee | 1 | $0 |
Tyler Matsuzaki 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 | $9,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,750 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $78,533 |
| 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 | $88,302 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,823 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,416 |
| All other expenses | $69,397 |
| Total functional expenses | $107,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,349 |
| Accounts payable and accrued expenses | $36,510 |
| Grants payable | $0 |
| Deferred revenue | $20 |
| 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 | $115,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $151,530 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$15,181 |
| Total liabilities and net assets/fund balances | $136,349 |