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Lambda Chi Alpha Fraternity INC FY2023 filing

Not tax-deductible

State College, PA501(c)(7)EIN 23-7132557Revenue $136K in FY2023

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

83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.4% of total assets
Looks good: liabilities are 0% 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
$136K
-22% vs prior year
Spent
$101K
To programs
83%
Net assets
$827K
By yearFY2021–FY2025
Revenue
$136K
FY2023▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2021$35K
FY2022$175K
FY2023$136K
FY2024$142K
FY2025$147K
Expenses
$101K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$83K
FY2022$92K
FY2023$101K
FY2024$104K
FY2025$97K
Net assets
$827K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$709K
FY2022$792K
FY2023$827K
FY2024$872K
FY2025$925K

From the FY2023 Form 990 (year ending June 2023) · see the original

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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 Dec 1972.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $84K Fundraising 17% · $17K

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 (FY2022); the FY2023 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 Ahrens
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 · FY2022
01

Provided and maintained fraternity house for members

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$136K
Ln 12
Fees for servicesLn 2g$119K
Gifts and grantsLn 1h$18K
Investment incomeLn 3$10
Money outPt IX
$101K
Ln 25
Programscol B$84K
Fundraisingcol D$17K
Owns and owesPt X
$827K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$831K
LiabilitiesLn 26$3K
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$18K
Fees for servicesLn 2g$119K
Investment incomeLn 3$10
Total revenueLn 12$136K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$815K
Total assetsLn 16$831K
LiabilitiesLn 26$3K
Net assetsLn 32$827K
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 FY23End FY23
Cash and savingsLn 1–2$80K$16K
Land, buildings, equipmentLn 10c$762K$815K
Total assetsLn 16$847K$831K
LiabilitiesLn 26$55K$3K
Net assetsLn 32$792K$827K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K$0$0
Professional fundraising feesLn 11e$17K$17K
OccupancyLn 16$39K$39K$0$0
Conferences, conventions and meetingsLn 19$476$476$0$0
Depreciation, depletion and amortizationLn 22$4K$4K$0$0
InsuranceLn 23$17K$17K$0$0
Other expenses (24a–d)Ln 24$21K$21K$0$0
Total functional expensesLn 25$101K$84K$0$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $147K$97K$50K$925K 990 PDF
FY2024 $142K$104K$38K$872K 990 PDF
FY2023 Viewing $136K$101K$35K$827K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $136,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,437$17,522
I-9 Program service revenuePrior year $105,550$118,900
I-10 Investment incomePrior year $14$10
I-11 Other revenue$0
I-12 Total revenuePrior year $175,001$136,432
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 $15,036$17,416
I-17 Other expensesPrior year $76,712$83,609
I-18 Total expensesPrior year $91,748$101,025
I-19 Revenue less expensesPrior year $83,253$35,407
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 $136,432 across 5 lines filed
VIII-1b Membership dues$17,522
VIII-1h Total contributions, gifts and grants$17,522
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$118,900
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$10
VIII-12 Total revenueRelated to mission $118,910 · Unrelated business $0 · Excluded from tax $0$136,432
Part IX · Statement of functional expenses $101,025 across 7 lines filed
IX-11c Accounting feesPrograms $2,345 · Management $0 · Fundraising $0$2,345
IX-11e Professional fundraising feesFundraising $17,416$17,416
IX-16 OccupancyPrograms $38,773 · Management $0 · Fundraising $0$38,773
IX-19 Conferences, conventions and meetingsPrograms $476 · Management $0 · Fundraising $0$476
IX-22 Depreciation, depletion and amortizationPrograms $3,716 · Management $0 · Fundraising $0$3,716
IX-23 InsurancePrograms $17,115 · Management $0 · Fundraising $0$17,115
IX-24 Other expenses (24a–d)Programs $21,184 · Management $0 · Fundraising $0$21,184
IX-25 Total functional expensesPrograms $83,609 · Management $0 · Fundraising $17,416$101,025
Part X · Balance sheet $830,554 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $79,550$15,644
X-10c Land, buildings and equipment, netStart of year $761,665$814,910
X-16 Total assetsStart of year $847,215$830,554
X-17 Accounts payable and accrued expensesStart of year $52,877$1,578
X-19 Deferred revenueStart of year $2,297$1,500
X-26 Total liabilitiesStart of year $55,174$3,078
X-32 Total net assets or fund balancesStart of year $792,041$827,476
X-33 Total liabilities and net assetsStart of year $847,215$830,554
Part XI · Reconciliation of net assets $827,476 net assets at year end
XI-1 Total revenue$136,432
XI-2 Total expenses$101,025
XI-3 Revenue less expenses$35,407
XI-4 Net assets at start of year$792,041
XI-9 Other changes in net assets$28
XI-10 Net assets at end of year$827,476

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

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