Lxa Alumni Association Inc
- Assets
- $254.7k
- Revenue
- $95.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Shreveport La, LA
- Founding
- 11/2017
- Data as of
- 06/2020
- EIN
- 82-1779169
Organization Overview
Lxa Alumni Association Inc is located in Shreveport La, LA. The organization was established in 2017. 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. Lxa Alumni Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2020, Lxa Alumni Association Inc generated $95.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $45.2k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE LXA ALUMNI ASSOCIATION IS AN ORGANIZATION DEDICATED TO PROVIDING SUPPORT THE ACTIVE CHAPTER OF LAMBDA CHI ALPHA FRATERNITY AT LOUISIANA STATE UNIVERSITY. THE ALUMNI ASSOCIATION IS ORGANIZED TO ACQUIRE REAL AND PERSONAL PROPERTY TO PROVIDE HOUSING, DINING, AND SOCIAL GATHERINGS TO THE MEMBERS TO LAMBDA CHI ALPHA FOR THE FURTHERANCE AND PROMOTION OF THE PRINCIPLES AND IDEALS OF LAMBDA CHI ALPHA FRATERNITY. THE SEVEN CORE VALUES OF LAMBDA CHI ALPHA THAT THE ALUMNI ASSOCIATION WILL PROMOTE ARE: LOYALY, DUTY, RESPECT, SERVICE TO OTHERS, STEWARDSHIP, HONOR,INTEGRITY, AND PERSONAL COURAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF THE FRATERNITY HOUSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Willingham Vice President | OfficerTrustee | 5 | $0 |
Ron Roberts Treasurer | OfficerTrustee | 5 | $0 |
Bill Fountain President | OfficerTrustee | 5 | $0 |
David Kelly Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,150 |
| 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 | $95,774 |
| Statement of Expenses | |
|---|---|
| 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 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 | $2,400 |
| 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 | $1,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $392 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,976 |
| Insurance | $13,052 |
| All other expenses | $0 |
| Total functional expenses | $45,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,671 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,100 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $254,721 |
| Accounts payable and accrued expenses | $12,381 |
| 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 | $21,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $216,199 |
| Other liabilities | $0 |
| Total liabilities | $249,580 |
| 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 |
| Total liabilities and net assets/fund balances | $5,141 |
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|---|---|---|
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Arkansas Alumni Association Inc Fayetteville, AR | $14,561,052 | $2,077,157 |
Mississippi State University Alumni Inc Mississippi State, MS | $2,835,779 | $1,848,662 |
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Baylor Line Foundation Waco, TX | $10,875,077 | $1,008,940 |