Lambda Theta Alpha FY2023 filing

Not tax-deductible

Ithaca, NY501(c)(7)Since 1979Education EIN 22-3530740Revenue $517K in FY2023

On file with the IRSlambdalady.orgCo Sciarabba Walker 410 E Upland Rd, 14850-0000 · Ithaca, NYTax-exempt since Oct 2011

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The purpose of Lambda Theta Alpha shall be to provide a sisterhood based on unity, love, and respect; to provide social and cultural activities and to carry on charitable and educational programs. To provide leadership, maintain high academic standards and serve as a voice to the latino community.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2023 · 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 5
filings with a surplus
Average surplus $58K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
48 mo
of spending, in cash
Looks good: 47.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$517K
-3% vs prior year
Spent
$480K
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$517K
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$421K
FY2022$532K
FY2023$517K
FY2024$576K
FY2025$789K
Expenses
$480K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$365K
FY2022$473K
FY2023$480K
FY2024$519K
FY2025$708K
Net assets
$1.9M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.8M
FY2022$1.9M
FY2023$1.9M
FY2024$2.0M
FY2025$2.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2011.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
National President
$0Pt VII · Sec A
Vice Pres Administration
$0Pt VII · Sec A
Vice Pres Finance
$0Pt VII · Sec A
Vice Pres External Affairs
$0Pt VII · Sec A
Vice Pres Internal Affairs
$0Pt VII · Sec A
Dir of Recruitment
$0Pt VII · Sec A
Dir of Risk Management
$0Pt VII · Sec A
Dir of Alumnae Affairs
$0Pt VII · Sec A
See Lambda Theta Alpha 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

Offers sisterhood, social, cultural, charitable, and educational programs, promoting leadership and serving the Latino community.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provide networking and training opportunities focused on educational excellence and personal growth. Approximately 550 women benefitted from the trainings provided at the organization's national convention.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $38K · 2020–2022

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$517K
Ln 12
Fees for servicesLn 2g$492K
Investment incomeLn 3$18K
Other incomeLn 4–11$7K
Money outPt IX
$480K
Ln 25
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$6K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$492K
Investment incomeLn 3$18K
Other incomeLn 4–11$7K
Total revenueLn 12$517K
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
Total assetsLn 16$1.9M
LiabilitiesLn 26$6K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderJune
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$1.9M$1.9M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$2K$6K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K
Other salaries and wagesLn 7$31K
Other employee benefitsLn 9$326
Payroll taxesLn 10$3K
Legal feesLn 11b$3K
Accounting feesLn 11c$27K
Other fees for servicesLn 11g$2K
Office expensesLn 13$6K
Information technologyLn 14$41K
TravelLn 17$6K
Conferences, conventions and meetingsLn 19$248K
InsuranceLn 23$43K
Other expenses (24a–d)Ln 24$50K
All other expensesLn 24e$8K
Total functional expensesLn 25$480K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $789K$708K$81K$2.1M 990 PDF
FY2024 $576K$519K$57K$2.0M 990 PDF
FY2023 Viewing $517K$480K$37K$1.9M 990 PDF
FY2022 $532K$473K$59K$1.9M 990 PDF
FY2021 $421K$365K$56K$1.8M 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 FY2023 990 (6 parts)
Part I · Summary $517,416 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $526,697$492,488
I-10 Investment incomePrior year $586$18,193
I-11 Other revenuePrior year $4,511$6,735
I-12 Total revenuePrior year $531,794$517,416
I-13 Grants and similar amounts paidPrior year $12,500$12,555
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $27,133$34,259
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $433,284$433,561
I-18 Total expensesPrior year $472,917$480,375
I-19 Revenue less expensesPrior year $58,877$37,041
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $517,416 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $492,488$492,488
VIII-3 Investment incomeUnrelated business $18,193$18,193
VIII-5 RoyaltiesUnrelated business $4,535$4,535
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $2,200$2,200
VIII-12 Total revenueRelated to mission $492,488 · Unrelated business $24,928 · Excluded from tax $0$517,416
Part IX · Statement of functional expenses $480,375 across 14 lines filed
IX-1 Grants to domestic organizations$12,555
IX-7 Other salaries and wages$31,191
IX-9 Other employee benefits$326
IX-10 Payroll taxes$2,742
IX-11b Legal fees$3,131
IX-11c Accounting fees$27,043
IX-11g Other fees for services$2,000
IX-13 Office expenses$5,849
IX-14 Information technology$40,926
IX-17 Travel$5,595
IX-19 Conferences, conventions and meetings$247,687
IX-23 Insurance$43,158
IX-24 Other expenses (24a–d)$50,249
IX-24e All other expenses$7,923
IX-25 Total functional expenses$480,375
Part X · Balance sheet $1,948,997 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,903,969$1,903,217
X-9 Prepaid expenses and deferred chargesStart of year $3,753$45,780
X-16 Total assetsStart of year $1,907,722$1,948,997
X-17 Accounts payable and accrued expenses$4,747
X-25 Other liabilitiesStart of year $1,991$1,478
X-26 Total liabilitiesStart of year $1,991$6,225
X-32 Total net assets or fund balancesStart of year $1,905,731$1,942,772
X-33 Total liabilities and net assetsStart of year $1,907,722$1,948,997
Part XI · Reconciliation of net assets $1,942,772 net assets at year end
XI-1 Total revenue$517,416
XI-2 Total expenses$480,375
XI-3 Revenue less expenses$37,041
XI-4 Net assets at start of year$1,905,731
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,942,772

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

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