Lambda Chi Alpha Educational Foundation Inc
- Assets
- $15.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 11/1955
- Data as of
- 06/2021
- EIN
- 13-6266432
Organization Overview
Lambda Chi Alpha Educational Foundation Inc is located in Carmel, IN. The organization was established in 1955. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Chi Alpha Educational 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 06/2021, Lambda Chi Alpha Educational Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $1.8m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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.
Since 2015, Lambda Chi Alpha Educational Foundation Inc has awarded 44 individual grants totaling $9,599,414. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING EDUCATIONAL EXPERIENCES TO PREPARE A NEW GENERATION OF VALUES-BASED LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS AND GRANTS FOR VALUES-BASED LEADERSHIP EDUCATION, PERSONAL AND COMMUNICATION SKILLS, UNDERSTANDING OF CURRENT SOCIAL ISSUES, AND EDUCATIONAL PORTIONS OF STUDENT HOUSING.
UNDERGRADUATE AND GRADUATE SCHOOL SCHOLARSHIPS BASED ON NEED, ACADEMIC MERIT, AND COMMUNITY LEADERSHIP, AND FURTHERING THE EDUCATIONAL ENDEAVORS OF THE RECIPIENT.
COVID 19 RELIEF GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Hartmann President & CEO | Officer | 40 | $132,289 |
Robert Clinton Wheelock Chairman | OfficerTrustee | 2 | $0 |
Drew C Lynch Vice-Chairman | OfficerTrustee | 2 | $0 |
Ernest Vargo Secretary | OfficerTrustee | 2 | $0 |
Jeffrey B Burgan Treasurer | OfficerTrustee | 2 | $0 |
Tony Robinson Chief Financial Officer | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Worksmart Systems Inc Employee Leasing | 6/29/15 | $535,700 |
The Pursuant Group Fundraising | 6/29/15 | $122,472 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,394,216 |
| Noncash contributions included in lines 1a–1f | $699,629 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,465,466 |
| Total Program Service Revenue | $0 |
| Investment income | $203,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,924,114 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,593,058 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $928,721 |
| Grants and other assistance to domestic individuals. | $66,393 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,207 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,772 |
| Pension plan accruals and contributions | $4,497 |
| Other employee benefits | $24,604 |
| Payroll taxes | $27,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,283 |
| Fees for services: Accounting | $13,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,313 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,359 |
| Advertising and promotion | $2,925 |
| Office expenses | $10,470 |
| Information technology | $3,946 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,075 |
| Insurance | $0 |
| All other expenses | $4,658 |
| Total functional expenses | $1,797,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $434,155 |
| Pledges and grants receivable | $1,114,902 |
| 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 | $10,417 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,237,362 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,082,461 |
| Total assets | $15,879,297 |
| Accounts payable and accrued expenses | $17,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $89,000 |
| Other liabilities | $25,736 |
| Total liabilities | $132,236 |
| Net assets without donor restrictions | $3,306,874 |
| Net assets with donor restrictions | $12,440,187 |
| 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 | $15,879,297 |
Grants Awarded
Over the last fiscal year, Lambda Chi Alpha Educational Foundation Inc has awarded $928,721 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Carmel, IN PURPOSE: EDUCATIONAL PROGRAMS | $700,000 |
Broken Arrow, OK PURPOSE: HOUSING GRANT | $165,000 |
Carlsbad, CA PURPOSE: ENDOWMENT GRANT | $33,318 |
Carmel, IN PURPOSE: CONFERENCE SCHOLARSHIPS | $11,050 |
LAMBDA-ZETA ZETA HOUSE CORP PURPOSE: HOUSING GRANT | $9,900 |
GAMMA KAPPA ZETA PURPOSE: HOUSING GRANT | $9,453 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Lambda Chi Alpha Educational Foundation Inc has recieved totaling $117,030.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $32,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,810 |
Psz House Corporation Carlsbad, CA PURPOSE: PROVIDING SCHOLARSHIPS, FINANCIAL SUPPORT FOR LEADERSHIP CONFERENCES SUCH AS THE STEAD LEADERSHIP SEMINAR AND THE HIGH ALPHA SUMMIT; ALUMNI VOLUNTEER TRAINING THROUGH THE NEVILLE ADVISORS COLLEGE; ACADEMIC PROGRAMS; ALCOHOL, DRUG, AND SOCIAL EDUCATION; AND PROFESSIONAL DEVELOPMENT AND CAREER SERVICES. | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,980 |
W M Keck Foundation Los Angeles, CA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES | $10,000 |
Hartmann Family Foundation Saint Louis, MO PURPOSE: DIRECT DISTIRBUTIONS TO 501(C)(3) EDUCATIONAL ORGANIZATION | $7,500 |
Endowment Analysis
| Beg. Balance | $6,301,543 |
| Earnings | $2,209,764 |
| Admin Expense | $202,559 |
| Net Contributions | $321,462 |
| Ending Balance | $8,630,210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |