Alpha Kappa Lambda Alumni Assoc Inc
- Assets
- $1.6m
- Revenue
- $133.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmette, IL
- Founding
- 02/1940
- Data as of
- 06/2022
- EIN
- 35-0874645
Organization Overview
Alpha Kappa Lambda Alumni Assoc Inc is located in Wilmette, IL. The organization was established in 1940. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Kappa Lambda Alumni Assoc 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, Alpha Kappa Lambda Alumni Assoc Inc generated $133.4k 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 (16.4%) each year. All expenses for the organization totaled $95.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (18.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE STUDENT HOUSING AND FACILITIES FOR LEADERSHIP AND FRATERNITY PROGRAMS AT PURDUE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT HOUSING AND FACILITIES FOR LEADERSHIP AND FRATERNITY PROGRAMS WERE PROVIDED FOR 35 PURDUE UNIVERSITY STUDENTS RESIDING IN THE CHAPTER HOUSE. FACILITIES FOR LEADERSHIP AND FRATERNITY/SORORITY PROGRAMS WERE PROVIDED FOR AN ADDITIONAL 27 STUDENTS RESIDING ELSEWHERE AT PURDUE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hilkert President | OfficerTrustee | 2 | $0 |
Mike Szanti Treasurer | OfficerTrustee | 2 | $0 |
Matt Soucy Vice President | OfficerTrustee | 0 | $0 |
Nathan Price Director | Trustee | 0 | $0 |
Erich Wurtz Director | Trustee | 0 | $0 |
Samuel Navin Director | Trustee | 0 | $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 | $3,611 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,611 |
| Total Program Service Revenue | $129,838 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $133,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $152 |
| Information technology | $7,773 |
| Royalties | $0 |
| Occupancy | $56,516 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $895 |
| Interest | $3,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,396 |
| Insurance | $13,829 |
| All other expenses | $3,660 |
| Total functional expenses | $95,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,830 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,609 |
| 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 | $3,363 |
| Net Land, buildings, and equipment | $1,439,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,570,737 |
| Accounts payable and accrued expenses | $1,168 |
| 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 | $75,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,315 |
| 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 | $1,494,422 |
| Total liabilities and net assets/fund balances | $1,570,737 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana University Alumni Association Inc Bloomington, IN | $31,479,674 | $10,109,353 |
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Purdue Alumni Association Inc Memorial Union Building West Lafayette, IN | $28,454,716 | $5,513,832 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
University Of The Philippines Medical Alumni Society In America Lafayette, IN | $12,245,411 | $1,758,364 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |