Lambda Theta Alpha
- Assets
- $1.9m
- Revenue
- $517.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- 10/2011
- Data as of
- 06/2023
- EIN
- 22-3530740
Organization Overview
Lambda Theta Alpha is located in Ithaca, NY. The organization was established in 2011. 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 parent organization of an affiliated group for tax-exemption purposes. Lambda Theta Alpha is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Lambda Theta Alpha generated $517.4k 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 (4.4%) each year. All expenses for the organization totaled $480.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF LAMBDA THETA ALPHA SHALL BE TO PROVIDE A SISTERHOOD BASED ON UNITY, LOVE, AND RESPECT; TO PROVIDE SOCIAL AND CULTURAL ACTIVITIES AND TO CARRY ON CHARITABLE AND EDUCATIONAL PROGRAMS. TO PROVIDE LEADERSHIP, MAINTAIN HIGH ACADEMIC STANDARDS AND SERVE AS A VOICE TO THE LATINO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE NETWORKING AND TRAINING OPPORTUNITIES FOCUSED ON EDUCATIONAL EXCELLENCE AND PERSONAL GROWTH. APPROXIMATELY 550 WOMEN BENEFITTED FROM THE TRAININGS PROVIDED AT THE ORGANIZATION'S NATIONAL CONVENTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristina T Naranjo-Salazar National President | OfficerTrustee | 10 | $0 |
Jamie Vega Vice Pres Administration | OfficerTrustee | 10 | $0 |
Minna Carreon Vice Pres Finance | OfficerTrustee | 10 | $0 |
Myrna Ruiz Vice Pres External Affairs | OfficerTrustee | 10 | $0 |
Cecilia Suarez Vice Pres Internal Affairs | OfficerTrustee | 10 | $0 |
Cecilia Nieves Dir Of Recruitment | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $492,488 |
| Investment income | $18,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,535 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,555 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $326 |
| Payroll taxes | $2,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,131 |
| Fees for services: Accounting | $27,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $0 |
| Office expenses | $5,849 |
| Information technology | $40,926 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,158 |
| All other expenses | $7,923 |
| Total functional expenses | $480,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $45,780 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,948,997 |
| Accounts payable and accrued expenses | $4,747 |
| 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 | $0 |
| Other liabilities | $1,478 |
| Total liabilities | $6,225 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,942,772 |
| Total liabilities and net assets/fund balances | $1,948,997 |
Grants Awarded
Over the last fiscal year, Lambda Theta Alpha has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAMBDA THETA ALPHA FOUNDATION INC PURPOSE: GENERAL SUPPORT. | $27,500 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: GENERAL SUPPORT | $2,500 |