Lambda Alpha International FY2021 filing

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Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Honors and supports land economics study worldwide, expanding global knowledge. For fiscal year 2021 it reported $339K in revenue, $237K in expenses, and $393K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Phoenix, AZ
Website
lai.org
Filings
5 on file (2020–2021)
Revenue
$339KFY2021
Expenses
$237K
Net assets
$393K
People
57
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EIN  36-6161809 Business league / trade association Phoenix, AZ
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Size
$100K–1M
What they do
Honors and supports land economics study worldwide, expanding global knowledge.
Leadership
Gary Leach · Intl President
Money in and out
$339K revenue, $237K expenses
Bottom line
+30% operating surplus
Membership & operating revenue · FY2021
Total revenue
$339K
Pt VIII · Ln 12
Total expenses
$237K
Pt IX · Ln 25
Net assets
$393K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $102K
Operating surplus
+30%
revenue over expenses
Earned revenue
7%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$339K
FY2021▼ -8%
Expenses
$237K
FY2021▲ +5%
Total assets
$526K
FY2021▲ +24%
Total liabilities
$133K
FY2021▲ +1%
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$526K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 347
Independent voting membersPt I · Ln 447

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLambda Alpha International
EINHdr · item D36-6161809
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jlai.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFNov 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a47
Independent voting membersPt VI · Ln 1b47
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Intl President
$0Pt VII · Sec A
Intl Vice President
$0Pt VII · Sec A
Intl Treasurer
$0Pt VII · Sec A
Asst Intl Treasurer
$0Pt VII · Sec A
Intl Secretary
$0Pt VII · Sec A
Asst Intl Secretary
$0Pt VII · Sec A
Intl Communications Director
$0Pt VII · Sec A
Asst Intl Communications Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2021.
01

Lambda alpha international lai is a global land economics society where top professionals connect. Membership is honorary and selective. Our 2000 members make meaningful connections at the local chapter level and with peers worldwide. Lai chapters are located in major cities in the united states, canada, europe, and asia.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$315K · 93%
Program service revenue$23K · 7%
Contributions & grants93%$315K
Program service revenue7%$23K
Investment income$23
Other revenue$788
Total revenueLn 12$339K

Balance Sheet

Part X · end of year
CashLn 1$505K
Total assetsLn 16$526K
Total liabilitiesLn 26$133K
Total net assetsLn 32$393K
Months of cash on handcomputed25.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $505K · Operating expenses/yr $237K
25.5 months
Where the money goes
Program services
Program services — · Total expenses $237K
Management & General
Management & general — · Total expenses $237K
Fundraising
Fundraising — · Total expenses $237K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $315K · Total revenue $339K
93%
Government reliance
Government grants — · Total revenue $339K
Earned-income share
Program service revenue $23K · Total revenue $339K
7%
Investment reliance
Investment income $23 · Total revenue $339K
<0.01%
Program self-sufficiency
Program service revenue $23K · Total expenses $237K
10%
Growth & trend
Revenue growth (YoY)
This year $339K · Prior year $367K
-8%
Net-asset trend (YoY)
End of year $393K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $339K · Expenses $237K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $526K
Net-asset ratio
Net assets $393K · Total assets $526K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $526K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gary Leach · Reported title INTL PRESIDENT · Highest reported compensation $0 · Total expenses $237K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $237K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.8%

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.

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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 (Latest)$402K revenue · ⤓ 990 PDF
FY2023$413K revenue · ⤓ 990 PDF
FY2022$415K revenue · ⤓ 990 PDF
FY2021$339K revenue · viewing · ⤓ 990 PDF
FY2020$367K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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