Alpha Beta Lambda Chapter Education Foundation Inc
- Assets
- $146.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- Data as of
- 12/2022
- EIN
- 85-0583841
Organization Overview
Alpha Beta Lambda Chapter Education Foundation Inc is located in Lexington, KY. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Beta Lambda Chapter Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Alpha Beta Lambda Chapter Education Foundation Inc generated $55.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $73.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Tharpe Chairman | 2 | $0 | |
Randall Vaughn Vice Chairman | 1 | $0 | |
Rodney Jackson Secretary | 2 | $0 | |
Peter Doyle Treasurer | 2 | $0 | |
Charles Holloway Member At Large | 1 | $0 | |
William Wilson Parliamentarian | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,198 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $747 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,945 |
| 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 | $480 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,266 |
| Total expenses | $73,805 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,182 |
| Other assets | $0 |
| Total assets | $146,182 |
| Total liabilities | $0 |
| Net assets or fund balances | $146,182 |