Sigma Phi Lambda Inc
- Assets
- $12.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corinth, TX
- Founding
- 07/2004
- Data as of
- 05/2023
- EIN
- 20-1237505
Organization Overview
Sigma Phi Lambda Inc is located in Corinth, TX. The organization was established in 2004. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Phi Lambda Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2023, Sigma Phi Lambda Inc generated $40.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $44.7k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. 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
2023
Describe the Organization's Program Activity:
Part 3
SIGMA PHI LAMBDA IS A SOCIAL ORGANIZATION THAT CHARGES DUES FOR MEMBERSHIP, HOLDS WEEKLY MEETINGS INVOLVING THE MEMBERS, AND PLANS AND HOLDS FELLOWSHIP ACTIVITIES FOR THOSE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deidre Merseal Alumni Board | 1 | $0 | |
Joanna Hildebrand Alumni Board | 1 | $0 | |
Brooke Depue Alumni Board | 1 | $0 | |
Bailey Gleitz Alumni Board | 1 | $0 | |
Megan Thompson Alumni Board | 1 | $0 | |
Karley Howe Chaplain/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,192 |
| Total Program Service Revenue | $210 |
| Membership dues | $38,243 |
| Investment income | $165 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,037 |
| 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 | $1,400 |
| Occupancy, rent, utilities, and maintenance | $9,934 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,266 |
| Total expenses | $44,748 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,095 |
| Other assets | $0 |
| Total assets | $12,444 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,444 |