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Lambda Chi Alpha Fraternity INC FY2022 filing

Not tax-deductible

State College, PA501(c)(7)EIN 23-7132557Revenue $175K in FY2022

On file with the IRSlxa-zetazeta.orgPo Box 937, 16804-0937 · State College, PATax-exempt since Dec 1972

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see below Provide and maintain a fraternity house for undergraduate members

84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
4 of 5
filings with a surplus
Average surplus $32K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$55K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$175K
+400% vs prior year
Spent
$92K
To programs
84%
Net assets
$792K
By yearFY2021–FY2025
Revenue
$175K
FY2022▲ +400%
Tap a bar for its year
Revenue by fiscal year
FY2021$35K
FY2022$175K
FY2023$136K
FY2024$142K
FY2025$147K
Expenses
$92K
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$83K
FY2022$92K
FY2023$101K
FY2024$104K
FY2025$97K
Net assets
$792K
FY2022▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$709K
FY2022$792K
FY2023$827K
FY2024$872K
FY2025$925K

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

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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 Dec 1972.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $77K Fundraising 16% · $15K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Michael Park
President
$0Pt VII · Sec A
Mike Heimowitz
1st Vice President
$0Pt VII · Sec A
Robert Milone
Treasurer
$0Pt VII · Sec A
Edward Beard
2nd Vice President
$0Pt VII · Sec A
Steve Young
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

Offer and upkeep a fraternity house for undergraduate members.

Provided by the organization

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1 program · in their own filed words · FY2021
01

Provided and maintained fraternity house for members

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$175K
Ln 12
Fees for servicesLn 2g$106K
Gifts and grantsLn 1h$69K
Investment incomeLn 3$14
Money outPt IX
$92K
Ln 25
Programscol B$77K
Fundraisingcol D$15K
Owns and owesPt X
$792K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$847K
LiabilitiesLn 26$55K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$69K
Fees for servicesLn 2g$106K
Investment incomeLn 3$14
Total revenueLn 12$175K
Assets in detailPt X, end of year
CashLn 1$80K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$762K
Total assetsLn 16$847K
LiabilitiesLn 26$55K
Net assetsLn 32$792K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY22End FY22
Cash and savingsLn 1–2$393$80K
Land, buildings, equipmentLn 10c$698K$762K
Total assetsLn 16$718K$847K
LiabilitiesLn 26$9K$55K
Net assetsLn 32$709K$792K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K$0$0
Professional fundraising feesLn 11e$15K$15K
OccupancyLn 16$38K$38K$0$0
Conferences, conventions and meetingsLn 19$540$540$0$0
Depreciation, depletion and amortizationLn 22$68$68$0$0
InsuranceLn 23$15K$15K$0$0
Other expenses (24a–d)Ln 24$20K$20K$0$0
Total functional expensesLn 25$92K$77K$0$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $147K$97K$50K$925K 990 PDF
FY2024 $142K$104K$38K$872K 990 PDF
FY2023 $136K$101K$35K$827K 990 PDF
FY2022 Viewing $175K$92K$83K$792K 990 PDF
FY2021 $35K$83K−$48K$709K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $175,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,081$69,437
I-9 Program service revenuePrior year $12,900$105,550
I-10 Investment income$14
I-11 Other revenue$0
I-12 Total revenuePrior year $34,981$175,001
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 feesPrior year $15,407$15,036
I-17 Other expensesPrior year $67,741$76,712
I-18 Total expensesPrior year $83,148$91,748
I-19 Revenue less expensesPrior year −$48,167$83,253
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $175,001 across 5 lines filed
VIII-1b Membership dues$69,437
VIII-1h Total contributions, gifts and grants$69,437
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$105,550
VIII-3 Investment incomeUnrelated business $14 · Excluded from tax $0$14
VIII-12 Total revenueRelated to mission $105,550 · Unrelated business $14 · Excluded from tax $0$175,001
Part IX · Statement of functional expenses $91,748 across 7 lines filed
IX-11c Accounting feesPrograms $2,629 · Management $0 · Fundraising $0$2,629
IX-11e Professional fundraising feesFundraising $15,036$15,036
IX-16 OccupancyPrograms $38,394 · Management $0 · Fundraising $0$38,394
IX-19 Conferences, conventions and meetingsPrograms $540 · Management $0 · Fundraising $0$540
IX-22 Depreciation, depletion and amortizationPrograms $68 · Management $0 · Fundraising $0$68
IX-23 InsurancePrograms $14,604 · Management $0 · Fundraising $0$14,604
IX-24 Other expenses (24a–d)Programs $20,477 · Management $0 · Fundraising $0$20,477
IX-25 Total functional expensesPrograms $76,712 · Management $0 · Fundraising $15,036$91,748
Part X · Balance sheet $847,215 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $393$79,550
X-4 Accounts receivableStart of year $5,666$0
X-9 Prepaid expenses and deferred chargesStart of year $13,500$6,000
X-10c Land, buildings and equipment, netStart of year $697,992$761,665
X-16 Total assetsStart of year $717,551$847,215
X-17 Accounts payable and accrued expensesStart of year $2,230$52,877
X-19 Deferred revenueStart of year $6,434$2,297
X-26 Total liabilitiesStart of year $8,664$55,174
X-32 Total net assets or fund balancesStart of year $708,887$792,041
X-33 Total liabilities and net assetsStart of year $717,551$847,215
Part XI · Reconciliation of net assets $792,041 net assets at year end
XI-1 Total revenue$175,001
XI-2 Total expenses$91,748
XI-3 Revenue less expenses$83,253
XI-4 Net assets at start of year$708,887
XI-9 Other changes in net assets−$99
XI-10 Net assets at end of year$792,041

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

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