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Lambda Chi Alpha Fraternity INC

Not tax-deductible

West Linn, OR501(c)(7)Since 1930EIN 23-7252328

Alumni organization for the support of the undergraduate chapter at Oregon State University and for our alumni members. We are the legal owners of the fraternity chapter house and property.

100¢ of each $1 spent went to programs.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $3K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$163K
+51% vs prior year
Spent
$141K
To programs
100%
Net assets
$2.6M
By yearFY2021–FY2024
Revenue
$163K
FY2024▲ +51%
Revenue by fiscal year
FY2021$56K
FY2022$79K
FY2023$112K
FY2024$108K
FY2024$163K
Expenses
$141K
FY2024▼ -23%
Expenses by fiscal year
FY2021$37K
FY2022$36K
FY2023$108K
FY2024$184K
FY2024$141K
Net assets
$2.6M
FY2024▲ +1.0%
Net assets by fiscal year
FY2021$2.6M
FY2022$2.7M
FY2023$2.7M
FY2024$2.6M
FY2024$2.6M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1941.

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% · $141K

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Jeff Arnston
Board President
$0Pt VII · Sec A
Alex Laster
Board Treasurer
$0Pt VII · Sec A
Brad Erikson
Board 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

Supports the undergraduate chapter and connects alumni members.

Provided by the organization

This section is blank until Lambda Chi Alpha Fraternity INC claims this page.

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3 program services account for $141K of program spending, described in the organization's own filed words · FY2024.
01

Repairs and maintenance of the Fraternity Chapter House.

$54Kprogram expense
02

Newsletters and mailings that go out to alumni members to keep them informed of alumni activities and news of accomplishments of the undergraduate chapter. Also software expense.

$44Kprogram expense
03

Property Insurance premium for Fraternity Chapter House as owners of the Chapter House. State of Oregon Property Taxes.

$43Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$163K
Ln 12
Fees for servicesLn 2g$163K
Money outPt IX
$141K
Ln 25
Programscol B$141K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$163K
Total revenueLn 12$163K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$37K
Cash and savings togetherLn 1–2$97K
Land, buildings, equipmentLn 10c$2.5M
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$105K$97K
Land, buildings, equipmentLn 10c$2.5M$2.5M
Total assetsLn 16$2.6M$2.6M
LiabilitiesLn 26$3K$0
Net assetsLn 32$2.6M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$41K
Information technologyLn 14$3K
InsuranceLn 23$35K
All other expensesLn 24e$62K
Total functional expensesLn 25$141K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $108K$184K−$76K$2.6M 990 PDF
FY2023 $112K$108K$4K$2.7M 990 PDF
FY2022 $79K$36K$42K$2.7M 990 PDF
FY2021 $56K$37K$19K$2.6M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $163,212 across 2 lines filed
Lines not itemized here account for $163,212 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-12 Total revenueRelated to mission $163,212 · Unrelated business $0 · Excluded from tax $0$163,212
Part IX · Statement of functional expenses $141,331 across 4 lines filed
IX-11g Other fees for services$40,715
IX-14 Information technology$3,085
IX-23 Insurance$35,293
IX-24e All other expenses$62,238
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$141,331
Part X · Balance sheet $2,604,499 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $35,107$60,192
X-2 Savings and temporary cash investmentsStart of year $70,041$37,158
X-10c Land, buildings and equipment, netStart of year $2,477,470$2,507,149
X-16 Total assetsStart of year $2,582,618$2,604,499
X-17 Accounts payable and accrued expensesStart of year $3,494$0
X-26 Total liabilitiesStart of year $3,494$0
X-27 Net assets without donor restrictionsStart of year $2,579,124$2,604,499
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,579,124$2,604,499
X-33 Total liabilities and net assetsStart of year $2,582,618$2,604,499
Part XI · Reconciliation of net assets $2,604,499 net assets at year end
XI-1 Total revenue$163,212
XI-2 Total expenses$141,331
XI-3 Revenue less expenses$21,881
XI-4 Net assets at start of year$2,579,124
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$3,494
XI-10 Net assets at end of year$2,604,499

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

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