Lambda Phi Epsilon Alumni Association
- Assets
- $292.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Porter Corners, NY
- Founding
- 04/2019
- Data as of
- 06/2022
- EIN
- 16-1490004
Organization Overview
Lambda Phi Epsilon Alumni Association is located in Porter Corners, NY. The organization was established in 2019. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Phi Epsilon Alumni Association 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, Lambda Phi Epsilon Alumni Association generated $65.5k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $40.2k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
LPEAA CONTINUES TO PROVIDE AFFORDABLE RENTAL HOUSING, MENTORSHIP, AND CAREER NETWORKING FOR UNDERGRADUATE MEMBERS OF THE LAMBDA PHI EPSILON CHAPTER OF TAU EPSILON PHI FRATERNITY AT CLARKSON UNIVERSITY. OUR BIGGEST ACCOMPLISHMENTS THIS YEAR IS REPAIR OF WATER DAMAGE TO THE PROPERTY AND ESTABLISHMENT OF AN ENDOWMENT FUND TO SUPPORT THE MISSION OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Carroll Chairman | 4 | $0 | |
Craig Huther Vice Chairman | 4 | $0 | |
Luke Faulkner Secretary | 4 | $0 | |
Nicholas Panepinto Property Manager | 4 | $0 | |
Jason Rodrigue Treasurer | 4 | $0 | |
John Middleton Parlimentarian | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,720 |
| Total Program Service Revenue | $45,050 |
| Membership dues | $0 |
| Investment income | $2,563 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,473 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $2,661 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,546 |
| Total expenses | $40,207 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $122,995 |
| Other assets | $0 |
| Total assets | $292,745 |
| Total liabilities | $10,866 |
| Net assets or fund balances | $281,879 |
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