Lambda Alpha Epsilon Fraternity INC EIN 23-7324077 Form 990 (PDF) Claim this org

Lambda Alpha Epsilon Fraternity INC FY2020 filing

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Offers housing, scholarships, and social events for RPI students and alumni. For fiscal year 2020 it reported $202K in revenue, $79K in expenses, and $770K in net assets.Pt I

Founded
1949
Type
Mutual-benefit / member-serving · Nonprofit
Location
Somers, CT
Filings
5 on file (2020–2020)
Revenue
$202KFY2020
Expenses
$79K
Net assets
$770K
People
30
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7324077 Mutual-benefit / member-serving Somers, CT Founded 1949
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Offers housing, scholarships, and social events for RPI students and alumni.
Leadership
Don Vanderhoff · Chairman
Money in and out
$202K revenue, $79K expenses
Bottom line
+61% surplus margin
Reported financial activity · FY2020
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$770K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $123K
Where spending went · Part IX cols B–D
Program services $0.88 Fundraising $0.12
Surplus margin
+61%
revenue over expenses, this year
Program spending
88%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$202K
FY2020
Expenses
$79K
FY2020
Total assets
$770K
FY2020
Total liabilities
$149
FY2020
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$79K
Pt IX · Ln 25
Net assets
$770K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$123K
Total assetsPt X · Ln 16$770K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLambda Alpha Epsilon Fraternity INC
EINHdr · item D23-7324077
Principal addressHdr · item CSomers, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1949
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(7) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chapter Advi
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

4 program services, described in the organization's own filed words · FY2019.
01

Donation to local church

Pt IX · col B
02

Donation to local church

Pt IX · col B
03

College scholarships

Pt IX · col B
04

College scholarships

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$121K · 60%
Other revenue$77K · 38%
Investment income$4K · 2%
Contributions & grants60%$121K
Other revenue38%$77K
Investment income2%$4K
Total revenueLn 12$202K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Fundraising $0.12
Program services88%$69K
Fundraising12%$10K
Total functional expensesLn 25$79K

Balance Sheet

Part X · end of year
CashLn 1$374K
Total assetsLn 16$770K
Total liabilitiesLn 26$149
Total net assetsLn 32$770K
Months of cash on handcomputed57.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $686K · Operating expenses/yr $79K
104.3 months
Where the money goes
Program services
Program services $69K · Total expenses $79K
88%
Management & General
Management & general $0 · Total expenses $79K
0%
Fundraising
Fundraising $10K · Total expenses $79K
12%
Cost to raise $1
Fundraising expense $10K · Solicited contributions $121K
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $121K · Total revenue $202K
60%
Government reliance
Government grants — · Total revenue $202K
Earned-income share
Program service revenue $0 · Total revenue $202K
0%
Investment reliance
Investment income $4K · Total revenue $202K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $79K
0%
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $770K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $79K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $770K
Net-asset ratio
Net assets $770K · Total assets $770K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $311K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $770K
40%
People & payroll
Highest Reported Total Compensation
Individual Don Vanderhoff · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $79K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $79K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 0%
Fundraising cost ratio 8%
Fundraising fee ratio 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$546K
Grants paid · 10 grants · $30K · 2019–2021
Unitemized GrantFY2021$6,000
Unitemized GrantFY2020$4,000
Unitemized GrantFY2020$3,500
Unitemized GrantFY2020$1,000
Unitemized GrantFY2019$4,000
Unitemized GrantFY2019$4,000
Unitemized GrantFY2019$3,000
Unitemized GrantFY2019$3,000
Unitemized GrantFY2019$1,000
Unitemized GrantFY2019$1,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$834K revenue · ⤓ 990 PDF
FY2023$169K revenue · ⤓ 990 PDF
FY2022$70K revenue · ⤓ 990 PDF
FY2021$87K revenue · ⤓ 990 PDF
FY2020$202K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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