Lambda Alpha International
- Assets
- $506.0k
- Revenue
- $413.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 11/1968
- Data as of
- 12/2023
- EIN
- 36-6161809
Organization Overview
Lambda Alpha International is located in Phoenix, AZ. The organization was established in 1968. 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 Alpha International is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Lambda Alpha International generated $413.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $405.1k during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HONORARY SOCIETY FOR ADVANCEMENT OF LAND ECONOMICS. RECOGNIZE AND HONOR INDIVIDUALS IN ALL PARTS OF THE WORLD. ENCOURAGE AND SUPPORT THE STUDY OF LAND ECONOMICS. EXPAND THE WORLDS KNOWLEDGE AND UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAMBDA ALPHA INTERNATIONAL LAI IS A GLOBAL LAND ECONOMICS SOCIETY WHERE TOP PROFESSIONALS CONNECT. MEMBERSHIP IS HONORARY AND SELECTIVE. OUR 2000 MEMBERS MAKE MEANINGFUL CONNECTIONS AT THE LOCAL CHAPTER LEVEL AND WITH PEERS WORLDWIDE. LAI CHAPTERS ARE LOCATED IN MAJOR CITIES IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. LAI PROVIDES A FORUM FOR THE EXCHANGE OF IDEAS IN THE FAST-PACED WORLD OF LAND USE AND DEVELOPMENT. OUR MEMBERS COME FROM A WIDE VARIETY OF FIELDS RELATED TO THE USE AND REUSE OF LAND. THIS PROFESSIONAL DIVERSITY CREATES A UNIQUE BLEND OF PERSPECTIVES AND EXPERIENCE. LAI IS COMMITTED TO EXCELLENCE AND HIGH STANDARDS OF PROFESSIONAL ETHICS. OUR MEMBERS ARE AMONG THE BEST IN THEIR RESPECTIVE FIELDS. WE RECOGNIZE PROFESSIONAL EXCELLENCE THROUGH THE PRESENTATION OF PRESTIGIOUS INTERNATIONAL AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathline King Intl President | OfficerTrustee | 10 | $0 |
Craig Binning Intl Vice President | OfficerTrustee | 5 | $0 |
John Schlichting Intl Treasurer | OfficerTrustee | 5 | $0 |
Richard Wilson Intl Secretary | OfficerTrustee | 5 | $0 |
Claudia Sieb Intl Communications Director | OfficerTrustee | 3 | $0 |
Jason Park Rgnl Vice Pres, Central N.a. | OfficerTrustee | 1 | $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 | $405,924 |
| Investment income | $7,481 |
| 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 | $413,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| 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 | $142,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,563 |
| Office expenses | $27,977 |
| Information technology | $68,559 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,301 |
| All other expenses | $0 |
| Total functional expenses | $405,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,165 |
| Savings and temporary cash investments | $372,281 |
| 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 | $143 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,444 |
| Other assets | $0 |
| Total assets | $506,033 |
| Accounts payable and accrued expenses | $17,369 |
| Grants payable | $0 |
| Deferred revenue | $117,695 |
| 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 | $3,300 |
| Total liabilities | $138,364 |
| Net assets without donor restrictions | $367,669 |
| 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 | $506,033 |