Lambda Theta Alpha FY2024 filing

Not tax-deductible

Ithaca, NY501(c)(7)Since 1979Education EIN 22-3530740Revenue $576K in FY2024

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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FY2024 · 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
47 mo
of spending, in cash
Looks good: 47.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$39K
2% of total assets
Looks good: liabilities are 2% 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
$576K
+11% vs prior year
Spent
$519K
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
$576K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2021$421K
FY2022$532K
FY2023$517K
FY2024$576K
FY2025$789K
Expenses
$519K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$365K
FY2022$473K
FY2023$480K
FY2024$519K
FY2025$708K
Net assets
$2.0M
FY2024▲ +3%
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 FY2024 Form 990 (year ending June 2024) · 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

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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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2 programs · in their own filed words · FY2023
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
02

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$576K
Ln 12
Fees for servicesLn 2g$516K
Investment incomeLn 3$54K
Other incomeLn 4–11$6K
Money outPt IX
$519K
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$39K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$516K
Investment incomeLn 3$54K
Other incomeLn 4–11$6K
Total revenueLn 12$576K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$2.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$39K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $789K$708K$81K$2.1M 990 PDF
FY2024 Viewing $576K$519K$57K$2.0M 990 PDF
FY2023 $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 A · Public support O · Explanations
See the full FY2024 990 (1 part)
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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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