Sigma Phi Lambda Inc
- Assets
- $17.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 07/2004
- Data as of
- 05/2022
- EIN
- 20-1237505
Organization Overview
Sigma Phi Lambda Inc is located in Fort Worth, 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 05/2022, Sigma Phi Lambda Inc generated $62.3k 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 (6.6%) each year. All expenses for the organization totaled $62.5k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
2022
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 |
|---|---|---|---|
Payton Holcomb President/di | 1 | $0 | |
Brette Clark Vice Pres/di | 1 | $0 | |
Grace Delaughter Chaplain/dir | 1 | $0 | |
Sarah Halford Alumni Board | 1 | $0 | |
Grace Turner Secretary/di | 1 | $0 | |
Jamie Sims Treasurer/di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,380 |
| Membership dues | $60,403 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,295 |
| 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 | $2,040 |
| Occupancy, rent, utilities, and maintenance | $22,464 |
| Printing, publications, postage, and shipping | $889 |
| Other expenses | $21,584 |
| Total expenses | $62,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,675 |
| Other assets | $0 |
| Total assets | $17,155 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Delta Delta Park Street Properties Llc Dallas, TX | $1,524,558 | $6,844,854 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Tri Delta Housing Inc Dallas, TX | $3,409,218 | $1,400,485 |
Delta Kappa Gamma Society Austin, TX | $10,208,781 | $2,395,824 |
Zeta Beta Tau Fraternity Dallas, TX | $286,134 | $1,671,786 |
Delta Iota House Association Of Kappa Gamma Fraternity Baton Rouge, LA | $11,336,572 | $1,890,094 |
Delta Delta Delta Fraternity Delta Iota House Corp Fayetteville, AR | $15,926,703 | $1,714,935 |
Chi Omega Fraternity Baton Rouge, LA | $1,575,304 | $1,510,789 |
Sigma Phi Epsilon Fraternity Inc Austin, TX | $181,081 | $1,301,708 |
Sigma Alpha Epsilon Fraternity Austin, TX | $676,452 | $1,319,713 |
Sigma Alpha Epsilon Fraternity Dallas, TX | $133,385 | $1,411,437 |
Alpha Gamma Delta Fraternity Oklahoma City, OK | $190,635 | $1,255,527 |