Lambda Theta Phi Latin Fraternity INC FY2023 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, FY2023. 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.
100¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 9% of spending
Pay to officers and key staff is 9% of spending.
Part VII, Section A
12.3 mo
of spending, in cash
12.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% 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
$224K
+17% vs prior year
Spent
$285K
To programs
100%
Net assets
$293K
By yearFY2020–FY2025
Revenue
$224K
FY2023▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$196K
FY2021$192K
FY2022$191K
FY2023$224K
FY2024$389K
FY2025$276K
Expenses
$285K
FY2023▲ +134%
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
$293K
FY2023▼ -17%
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 FY2023 Form 990 (year ending July 2023) · see the original

You’re viewing the FY2023 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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $285K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990; $27K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$27,076Pt VII · Sec A
Director of
$0Pt VII · Sec A
Public Perfo
$0Pt VII · Sec A
Collegiate a
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Community De
$0Pt VII · Sec A
Alumni Affai
$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 · FY2022
01

For exempt purpose

Form 990 Part III, line 4, FY2022. 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$224K
Ln 12
Fees for servicesLn 2g$221K
Other incomeLn 4–11$3K
Investment incomeLn 3$251
Money outPt IX
$285K
Ln 25
Programscol B$285K
Owns and owesPt X
$293K
net assets · Ln 32
Cash and savingsLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
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$221K
Investment incomeLn 3$251
Other incomeLn 4–11$3K
Total revenueLn 12$224K
Assets in detailPt X, end of year
CashLn 1$293K
Cash and savings togetherLn 1–2$293K
Total assetsLn 16$293K
LiabilitiesLn 26$0
Net assetsLn 32$293K
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 FY23End FY23
Cash and savingsLn 1–2$355K$293K
Total assetsLn 16$355K$293K
LiabilitiesLn 26$317$0
Net assetsLn 32$354K$293K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$27K$27K
Legal feesLn 11b$82$82
Accounting feesLn 11c$7K$7K
Office expensesLn 13$670$670
TravelLn 17$966$966
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$423$423
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$208K$208K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$285K$285K$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
FY2023 ViewingFiled with the IRS Jan 18, 2024 $224K$285K−$61K$293K 990 PDF
FY2022Filed 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 FY2023 990
Part I · Summary $223,747 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $205,754$220,695
I-10 Investment income$251
I-11 Other revenuePrior year −$14,320$2,801
I-12 Total revenuePrior year $191,434$223,747
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$27,076
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $121,637$257,939
I-18 Total expensesPrior year $121,637$285,015
I-19 Revenue less expensesPrior year $69,797−$61,268
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 $223,747 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $220,695$220,695
VIII-3 Investment incomeRelated to mission $251$251
VIII-5 RoyaltiesRelated to mission $2,801$2,801
VIII-12 Total revenueRelated to mission $223,747$223,747
Part IX · Statement of functional expenses $285,015 across 10 lines filed
IX-7 Other salaries and wagesPrograms $27,076$27,076
IX-11b Legal feesPrograms $82$82
IX-11c Accounting feesPrograms $6,894$6,894
IX-13 Office expensesPrograms $670$670
IX-17 TravelPrograms $966$966
IX-19 Conferences, conventions and meetingsPrograms $1,289$1,289
IX-20 InterestPrograms $423$423
IX-23 InsurancePrograms $36,257$36,257
IX-24 Other expenses (24a–d)Programs $207,643$207,643
IX-24e All other expensesPrograms $3,715$3,715
IX-25 Total functional expensesPrograms $285,015 · Management $0 · Fundraising $0$285,015
Part X · Balance sheet $293,144 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $354,729$293,144
X-16 Total assetsStart of year $354,729$293,144
X-26 Total liabilitiesStart of year $317$0
X-27 Net assets without donor restrictionsStart of year $354,412$293,144
X-32 Total net assets or fund balancesStart of year $354,412$293,144
X-33 Total liabilities and net assetsStart of year $354,729$293,144
Part XI · Reconciliation of net assets $293,144 net assets at year end
XI-1 Total revenue$223,747
XI-2 Total expenses$285,015
XI-3 Revenue less expenses−$61,268
XI-4 Net assets at start of year$354,412
XI-10 Net assets at end of year$293,144

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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