Lambda Chi Alpha Fraternity Inc
- Assets
- $5.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 48
- Location
- Carmel, IN
- Founding
- 01/1941
- Data as of
- 06/2022
- EIN
- 35-0459180
Organization Overview
Lambda Chi Alpha Fraternity Inc is located in Carmel, IN. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Lambda Chi Alpha Fraternity Inc employed 48 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Lambda Chi Alpha Fraternity Inc 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 Chi Alpha Fraternity Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $9.9m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
WE INSPIRE AND EQUIP MEN TO LEAD AN ETHICAL LIFE OF GROWTH, SERVICE AND LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER SERVICES INVOLVES VISITATION TO CHAPTERS AND ASSOCIATE CHAPTERS BY FRATERNITY TEAM MEMBERS, WHO HAVE GONE THROUGH TRAINING AND EDUCATION PRIOR TO VISITATIONS. THE VISITATIONS INCLUDE INSPECTIONS, COUNSELING AND LEADERSHIP FOR MEMBERS.
THE EDUCATION TEAM PROVIDES EXTENSIVE ONLINE TRAINING AS WELL AS IN-PERSON TRAINING AT CHAPTER WORKSHOPS, SUMMER CONFERENCES, AND CHAPTER PRESIDENTS' SUMMIT.
THE HEALTH & WELLNESS TEAM PROVIDES CHAPTERS WITH RISK MANAGEMENT TOOLS AND LIABILITY INSURANCE, OFFERING COVERAGE TO CHAPTERS, MEMBERS, AND ALUMNI VOLUNTEERS THROUGH A THIRD PARTY INSURANCE AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stuerman Chairman | OfficerTrustee | 3 | $0 |
Samuel Oliver Vice Chairman | OfficerTrustee | 2 | $0 |
Scott Jackson Secretary | OfficerTrustee | 2 | $0 |
Steve Pattison Treasurer | OfficerTrustee | 3 | $0 |
Lenard Bendo Director | Trustee | 2 | $0 |
Greg Castanias Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Pennsylvania Associates Llc Property Manger/leasing Agent | 6/29/17 | $183,930 |
Cyberian Technologies It Maintenance And Support, Disaster Rec | 6/29/17 | $161,810 |
Cyberian Technologies It Maintenance And Support, Disaster Rec | 6/29/17 | $161,810 |
North Pennsylvania Associates Llc Property Manger/leasing Agent | 6/29/17 | $183,930 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $477,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $620,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,097,375 |
| Total Program Service Revenue | $5,663,730 |
| Investment income | $135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $123,092 |
| 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 | -$135,962 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,162,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,590,646 |
| 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. | $867,116 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,870,140 |
| Pension plan accruals and contributions | $103,578 |
| Other employee benefits | $317,394 |
| Payroll taxes | $229,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,594 |
| Fees for services: Accounting | $25,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,332 |
| Advertising and promotion | $74,022 |
| Office expenses | $276,611 |
| Information technology | $468,559 |
| Royalties | $0 |
| Occupancy | $398,954 |
| Travel | $572,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,970 |
| Interest | $61,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,956 |
| Insurance | $1,078,425 |
| All other expenses | $0 |
| Total functional expenses | $9,895,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,098,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,786 |
| Inventories for sale or use | $75,110 |
| Prepaid expenses and deferred charges | $782,242 |
| Net Land, buildings, and equipment | $1,056,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,667,595 |
| Total assets | $5,400,944 |
| Accounts payable and accrued expenses | $1,455,213 |
| Grants payable | $0 |
| Deferred revenue | $66,338 |
| 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 | $992,285 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $834,171 |
| Total liabilities | $3,497,907 |
| Net assets without donor restrictions | $1,903,037 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,400,944 |
Grants Awarded
Over the last fiscal year, Lambda Chi Alpha Fraternity Inc has awarded $2,582,904 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC PURPOSE: BILL FARKAS FUND | $6,000 |
LCA INVESTMENTS INC PURPOSE: INITIAL CONTRIBUTION | $2,576,904 |