Sigma Phi Lambda Inc
- Assets
- $19.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Little Elm, TX
- Founding
- 07/2004
- EIN
- 20-1239559
Organization Overview
Sigma Phi Lambda Inc is located in Little Elm, 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 undefined, Sigma Phi Lambda Inc generated $47.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $45.7k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 3 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
Describe the Organization's Program Activity:
Part 3
SIGMA PHI LAMBDA IS A SOCIAL ORGANIZATION THAT CHARGES DUES FOR MEMBERSHIP, HOLDS WEEKLY MEETINGS INVOLVING MEMBERS, AND PLANS AND HOLDS FELLOWSHIP ACTIVITIES FOR THOSE MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Yeou Vice Pres/di | 1 | $0 | |
Lauren Davis Secretary/di | 1 | $0 | |
Ashley Herring Treasurer/di | 1 | $0 | |
Rebecca Shelley Alumni Board | 1 | $0 | |
Suzanne Taylor Alumni Board | 1 | $0 | |
Katelyn Galbraith Chaplain/dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,050 |
| Total Program Service Revenue | $3,144 |
| Membership dues | $40,560 |
| Investment income | $35 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,562 |
| Total Revenue | $47,351 |
| Statement of Expenses | |
|---|---|
| Total expenses | $45,667 |
| Balance Sheet | |
|---|---|
| Total assets | $19,572 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,572 |
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 |