Lambda Chi Alpha Fraternity Inc
- Assets
- $5.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Troy, AL
- Founding
- 01/1941
- Data as of
- 12/2019
- EIN
- 51-0163262
Organization Overview
Lambda Chi Alpha Fraternity Inc is located in Troy, AL. The organization was established in 1941. 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 subordinate organization within 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 12/2019, Lambda Chi Alpha Fraternity Inc generated $45.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $50.9k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO FOSTER, DEVELOP AND PROMOTE BROTHERHOOD AMONG THE MEMBERS OF THE SIGMA TAU ZETA CHAPTER OF LAMBDA CHI ALPHA FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Thompson President | 15 | $0 | |
Ben Schreiber Vice President | 15 | $0 | |
Andrew Chaisson Philanthropy Chair | 15 | $0 | |
Jeremy Cassidy Treasurer | 15 | $0 | |
Justin Maynard Secretary | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $13,120 |
| Membership dues | $32,215 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,335 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $50,896 |
| Total expenses | $50,896 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,243 |
| Other assets | $0 |
| Total assets | $5,243 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,243 |