Lambda Theta Phi Latin Fraternity INC FY2022 filing

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Lambda Theta Phi was created to promote the spirit of brotherhood, to protect the rights of latino students in his/her quest for an eduction, to promote the rich latino culture, and to maximize the potential to provide guidance to our community.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3404044) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $37K a year · 14% of revenue · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$30K
to officers and key staff · 25% of spending
Pay to officers and key staff is 25% of spending.
Part VII, Section A
35.0 mo
of spending, in cash
35.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$317
0.09% of total assets
Liabilities are 0.09% of assets.
Pt X · Ln 26
Independent board members
14
of 14 voting members
14 of 14 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$191K
-0.2% vs prior year
Spent
$122K
To programs
0%
Net assets
$354K
By yearFY2020–FY2025
Revenue
$191K
FY2022-0.2%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$192K
FY2022$191K
FY2023$224K
FY2024$389K
FY2025$276K
Expenses
$122K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$122K
FY2023$285K
FY2024$518K
FY2025$304K
Net assets
$354K
FY2022▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$183K
FY2021$285K
FY2022$354K
FY2023$293K
FY2024$164K
FY2025$136K

From the FY2022 Form 990 (year ending July 2022) · see the original

You’re viewing the FY2022 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 Apr 2000.

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

Who runs it and what they're paid

13 people listed on the 990; $30K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$30,000Pt VII · Sec A
Director of
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A
National VP
$0Pt VII · Sec A
Director of
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Ramjit’s $39K as Executive Di is at the 79th percentile of top reported officer pay among 540 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Andrew Ramjit$39,000$27,076—
Dr Andrew Ramjit——$30,000
Enmanuel Valerio$12,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Lambda Theta Phi Latin Fraternity INC executive salaries →

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

Empowers Latin men through scholarships, brotherhood, and protecting identity and equality.

Questions for Lambda Theta Phi Latin Fraternity INC

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1 program · in their own filed words · FY2021
01

To protect the rights of latino students in HIS/HER quest for an education & promote the rich latino culture. Maximize leadership potential to provide guidance to our community.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3404044) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$191K
Ln 12
Fees for servicesLn 2g$206K
Investment incomeLn 3$35
Money outPt IX
$122K
Ln 25
Owns and owesPt X
$354K
net assets · Ln 32
Cash and savingsLn 1–2$355K
Total assetsLn 16$355K
LiabilitiesLn 26$317
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$206K
Investment incomeLn 3$35
Total revenueLn 12$191K
Assets in detailPt X, end of year
CashLn 1$355K
Cash and savings togetherLn 1–2$355K
Total assetsLn 16$355K
LiabilitiesLn 26$317
Net assetsLn 32$354K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$275K$355K
Total assetsLn 16$285K$355K
LiabilitiesLn 26$0$317
Net assetsLn 32$285K$354K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$15K
Advertising and promotionLn 12$4K
Office expensesLn 13$15K
OccupancyLn 16$1K
TravelLn 17$3K
InsuranceLn 23$41K
Other expenses (24a–d)Ln 24$30K
Total functional expensesLn 25$122K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 12, 2026 $276K$304K−$28K$136K 990 PDF
FY2024Filed with the IRS Jan 15, 2025 $389K$518K−$129K$164K 990 PDF
FY2023Filed with the IRS Jan 18, 2024 $224K$285K−$61K$293K 990 PDF
FY2022 ViewingFiled with the IRS Jun 12, 2023 $191K$122K$70K$354K 990 PDF
FY2021Filed with the IRS Mar 7, 2022 $192K$285K 990 PDF
FY2020Filed with the IRS Jun 16, 2021 $196K$183K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $191,289 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $190,399$205,574
I-10 Investment incomePrior year $662$35
I-11 Other revenuePrior year $535−$14,320
I-12 Total revenuePrior year $191,596$191,289
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $89,857$121,637
I-18 Total expensesPrior year $89,857$121,637
I-19 Revenue less expensesPrior year $101,739$69,652
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $191,289 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $205,574$205,574
VIII-3 Investment incomeRelated to mission $35$35
VIII-8 Net income from fundraising events−$19,222
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,902$4,902
VIII-12 Total revenueRelated to mission $210,511$191,289
Part IX · Statement of functional expenses $121,637 across 8 lines filed
IX-11c Accounting fees$11,755
IX-11g Other fees for services$15,458
IX-12 Advertising and promotion$3,713
IX-13 Office expenses$15,109
IX-16 Occupancy$1,477
IX-17 Travel$2,954
IX-23 Insurance$41,244
IX-24 Other expenses (24a–d)$29,927
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$121,637
Part X · Balance sheet $354,729 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $274,716$354,729
X-16 Total assetsStart of year $284,760$354,729
X-17 Accounts payable and accrued expenses$317
X-26 Total liabilitiesStart of year $0$317
X-27 Net assets without donor restrictionsStart of year $284,760$354,412
X-32 Total net assets or fund balancesStart of year $284,760$354,412
X-33 Total liabilities and net assetsStart of year $284,760$354,729
Part XI · Reconciliation of net assets $354,412 net assets at year end
XI-1 Total revenue$191,289
XI-2 Total expenses$121,637
XI-3 Revenue less expenses$69,652
XI-4 Net assets at start of year$284,760
XI-10 Net assets at end of year$354,412

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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