Lambda Alumni Corporation FY2020 filing

Not tax-deductible

Saint Paul, MN501(c)(7)Education EIN 27-4414316Revenue $218K in FY2020Latest return filed Nov 11, 2025

On file with the IRSSaint Paul, MNTax-exempt since Mar 1941

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This organization provides housing for the Lambda chapter of alpha gamma rho fraternity at the university of minnesota, twin city campus.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
1.8 mo
of spending, in cash
1.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$688K
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$218K
Spent
$275K
To programs
92%
Net assets
$2.4M
By yearFY2020–FY2024
Revenue
$218K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$218K
FY2021$193K
FY2022$414K
FY2023$437K
FY2024$289K
Expenses
$275K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$275K
FY2021$263K
FY2022$276K
FY2023$334K
FY2024$337K
Net assets
$2.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.3M
FY2022$2.5M
FY2023$2.6M
FY2024$2.5M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

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

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $252K Management & general 8% · $23K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Lambda Alumni Corporation executive salaries →

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

Provides housing for the Lambda Chapter of Alpha Gamma Rho Fraternity at the University of Minnesota.

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3 programs · $128K · in their own filed words · FY2020
01

To provide housing facilities for fraternity members.

$116Kprogram expense
02

To provide funding to the collegiate chapter to pay the house director position.

$12Kprogram expense
03

Founders Day

An annual event where current members meet alumni.

Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$85K
Money outPt IX
$275K
Ln 25
Programscol B$252K
Managementcol C$23K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$3.1M
LiabilitiesLn 26$688K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$133K
Fees for servicesLn 2g$85K
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$262K
Total assetsLn 16$3.1M
LiabilitiesLn 26$688K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY20End FY20
Cash and savingsLn 1–2$77K$41K
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$3.2M$3.1M
LiabilitiesLn 26$783K$688K
Net assetsLn 32$2.5M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
InterestLn 20$36K$36K
Depreciation, depletion and amortizationLn 22$127K$127K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$86K$86K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$275K$252K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $289K$337K−$48K$2.5M 990 PDF
FY2023Filed with the IRS Nov 5, 2024 $437K$334K$104K$2.6M 990 PDF
FY2022Filed with the IRS Nov 9, 2023 $414K$276K$138K$2.5M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $193K$263K−$70K$2.3M 990 PDF
FY2020 ViewingFiled with the IRS Nov 11, 2021 $218K$275K−$57K$2.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $217,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $109,540$132,903
I-9 Program service revenuePrior year $134,330$84,861
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $243,870$217,764
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 fees$0
I-17 Other expensesPrior year $256,014$274,689
I-18 Total expensesPrior year $256,014$274,689
I-19 Revenue less expensesPrior year −$12,144−$56,925
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $217,764 across 5 lines filed
VIII-1d Related organizations$111,733
VIII-1f All other contributions, gifts and grants$21,170
VIII-1h Total contributions, gifts and grants$132,903
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $84,861$84,861
VIII-12 Total revenueRelated to mission $84,861$217,764
Part IX · Statement of functional expenses $274,689 across 7 lines filed
IX-11c Accounting feesManagement $1,705$1,705
IX-13 Office expensesPrograms $2,026$2,026
IX-20 InterestPrograms $35,685$35,685
IX-22 Depreciation, depletion and amortizationPrograms $126,958$126,958
IX-23 InsuranceManagement $20,835$20,835
IX-24 Other expenses (24a–d)Programs $86,220$86,220
IX-24e All other expensesPrograms $1,260$1,260
IX-25 Total functional expensesPrograms $252,149 · Management $22,540 · Fundraising $0$274,689
Part X · Balance sheet $3,094,167 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $77,036$40,906
X-10c Land, buildings and equipment, netStart of year $2,917,983$2,791,025
X-15 Other assetsStart of year $251,000$262,236
X-16 Total assetsStart of year $3,246,019$3,094,167
X-25 Other liabilitiesStart of year $782,821$687,894
X-26 Total liabilitiesStart of year $782,821$687,894
X-27 Net assets without donor restrictionsStart of year $2,463,198$2,406,273
X-32 Total net assets or fund balancesStart of year $2,463,198$2,406,273
X-33 Total liabilities and net assetsStart of year $3,246,019$3,094,167
Part XI · Reconciliation of net assets $2,406,273 net assets at year end
XI-1 Total revenue$217,764
XI-2 Total expenses$274,689
XI-3 Revenue less expenses−$56,925
XI-4 Net assets at start of year$2,463,198
XI-10 Net assets at end of year$2,406,273

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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