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Lambda Chi Alpha Fraternity INC FY2021 filing

Not tax-deductible

Troy, NY501(c)(7)Mutual / membership EIN 14-1381614Revenue $51K in FY2021

On file with the IRS2102 Newbury Dr, 12180-9053 · Troy, NYTax-exempt since Jun 1967

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Support of fellowship, education and housing

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $26K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 50.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$51K
-81% vs prior year
Spent
$116K
To programs
97%
Net assets
$754K
By yearFY2020–FY2025
Revenue
$51K
FY2021▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2020$274K
FY2021$51K
FY2022$343K
FY2023$386K
FY2024$425K
FY2025$489K
Expenses
$116K
FY2021▼ -49%
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$116K
FY2022$289K
FY2023$378K
FY2024$376K
FY2025$421K
Net assets
$754K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$820K
FY2021$754K
FY2022$809K
FY2023$817K
FY2024$1.0M
FY2025$1.1M

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1967.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $112K Management & general 3% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Geoff Seber
President/Treasurer
$0Pt VII · Sec A
David Drew
Vice President of Operatio
$0Pt VII · Sec A
Mike Morganti
Secretary
$0Pt VII · Sec A
See Lambda Chi Alpha Fraternity INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides fellowship, education, and housing support.

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Provided by the organization

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1 program · $112K · in their own filed words · FY2020
01

Provide housing and scholarships for undergraduate members, publications for members and gatherings to reunite alumni and undergraduate members.

$112Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$51K
Ln 12
Fees for servicesLn 2g$27K
Investment incomeLn 3$24K
Money outPt IX
$116K
Ln 25
Programscol B$112K
Managementcol C$4K
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$488K
Total assetsLn 16$757K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$27K
Investment incomeLn 3$24K
Gains on assetsLn 7$1K
Total revenueLn 12$51K
Assets in detailPt X, end of year
CashLn 1$82K
SavingsLn 2$406K
Cash and savings togetherLn 1–2$488K
Land, buildings, equipmentLn 10c$266K
Total assetsLn 16$757K
LiabilitiesLn 26$2K
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$542K$488K
Land, buildings, equipmentLn 10c$280K$266K
Total assetsLn 16$822K$757K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$820K$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Payments to affiliatesLn 21$27K$27K
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$21K$17K$4K
Total functional expensesLn 25$116K$112K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $489K$421K$68K$1.1M 990 PDF
FY2024 $425K$376K$48K$1.0M 990 PDF
FY2023 $386K$378K$8K$817K 990 PDF
FY2022 $343K$289K$54K$809K 990 PDF
FY2021 Viewing $51K$116K−$65K$754K 990 PDF
FY2020 $274K$230K$44K$820K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $50,852 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $255,556$26,521
I-10 Investment incomePrior year $18,016$24,331
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $273,572$50,852
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $229,997$116,340
I-18 Total expensesPrior year $229,997$116,340
I-19 Revenue less expensesPrior year $43,575−$65,488
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $50,852 across 4 lines filed
Lines not itemized here account for $9,994 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,527$16,527
VIII-3 Investment incomeUnrelated business $22,844$22,844
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,487$1,487
VIII-12 Total revenueRelated to mission $26,521 · Unrelated business $24,331 · Excluded from tax $0$50,852
Part IX · Statement of functional expenses $116,340 across 5 lines filed
IX-21 Payments to affiliatesPrograms $26,621$26,621
IX-22 Depreciation, depletion and amortizationPrograms $13,479$13,479
IX-23 InsurancePrograms $1,178$1,178
IX-24 Other expenses (24a–d)Programs $54,000$54,000
IX-24e All other expensesPrograms $17,020 · Management $4,042$21,062
IX-25 Total functional expensesPrograms $112,298 · Management $4,042 · Fundraising $0$116,340
Part X · Balance sheet $756,525 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $113,062$81,529
X-2 Savings and temporary cash investmentsStart of year $429,260$406,440
X-4 Accounts receivable$2,194
X-10c Land, buildings and equipment, netStart of year $279,841$266,362
X-16 Total assetsStart of year $822,163$756,525
X-17 Accounts payable and accrued expensesStart of year $2,550$2,400
X-26 Total liabilitiesStart of year $2,550$2,400
X-27 Net assets without donor restrictionsStart of year $819,613$754,125
X-32 Total net assets or fund balancesStart of year $819,613$754,125
X-33 Total liabilities and net assetsStart of year $822,163$756,525
Part XI · Reconciliation of net assets $754,125 net assets at year end
XI-1 Total revenue$50,852
XI-2 Total expenses$116,340
XI-3 Revenue less expenses−$65,488
XI-4 Net assets at start of year$819,613
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$754,125

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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