Lambda Theta Alpha
- Assets
- $1.9m
- Revenue
- $531.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Ithaca, NY
- Founding
- 10/2011
- Data as of
- 06/2022
- 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 06/2022, Lambda Theta Alpha generated $531.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $472.9k during the year ending 06/2022. 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Richbourg National President | OfficerTrustee | 10 | $0 |
Minna Carreon Vice Pres Finance | OfficerTrustee | 10 | $0 |
Liz Beth Sanchez Vice Pres Administration | OfficerTrustee | 10 | $0 |
Nathalie Canadas Vice Pres External Affairs | OfficerTrustee | 10 | $0 |
Cristina Naranjo Vice Pres Internal Affairs | OfficerTrustee | 10 | $0 |
Naja Muhammad Dir Of Alumnae Affairs | 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 | $526,697 |
| Investment income | $586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,511 |
| 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 | $531,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| 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 | $24,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $532 |
| Payroll taxes | $2,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,838 |
| Advertising and promotion | $0 |
| Office expenses | $4,172 |
| Information technology | $40,287 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,973 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,550 |
| All other expenses | $7,849 |
| Total functional expenses | $472,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,969 |
| 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 | $3,753 |
| 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 | $1,907,722 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,991 |
| Total liabilities | $1,991 |
| 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 | $1,905,731 |
| Total liabilities and net assets/fund balances | $1,907,722 |
Grants Awarded
Over the last fiscal year, Lambda Theta Alpha has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Marietta, GA PURPOSE: GENERAL SUPPORT. | $27,500 |
Memphis, TN PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tuscarora Intermediate Unit Capital Insurance Trust Pleasant Gap, PA | $4,120,321 | $22,419,678 |
Benevolent Fraternity Of Unitarian Church Roxbury, MA | $18,907,229 | $2,121,494 |
Delta Phi Epsilon Sorority Inc Philadelphia, PA | $2,908,015 | $2,233,543 |
National Sorority Of Phi Delta Kappa Inc Jersey City, NJ | $268,975 | $76,573 |
Beta Alpha Chapter Of Chi Omega House Corp Wayne, PA | $1,129,031 | $303,939 |
Akwesasne Boys & Girls Club St Regis Mohawk Tribe Akwesasne, NY | $980,425 | $1,776,234 |
Phi Sigma Pi National Honor Fraternity Lancaster, PA | $2,938,187 | $1,733,075 |
Zeta Psi Fraternity Of North America Pearl River, NY | $650,645 | $844,211 |
Kappa Delta Rho National Fraternity Inc Latrobe, PA | $697,261 | $1,007,764 |
Theta Chi Fraternity Inc Hamilton, NY | $187,643 | $1,010,005 |
Sigma Pi Fraternity International Inc Ithaca, NY | $1,758,643 | $749,851 |
Alpha Lambda Delta Fairport, NY | $5,719,443 | $1,145,562 |