Lambda Chi Alpha Fraternity Chi Zeta: FY2024 Nonprofit Profile & Form 990 (EIN 37-0663471)

Revenue by fiscal year
FY2021	$11K
FY2022	$496K
FY2023	$21K
FY2024	−$3K
FY2024	$21K

Expenses by fiscal year
FY2021	$11K
FY2022	$8K
FY2023	$22K
FY2024	$15K
FY2024	$20K

Net assets by fiscal year
FY2021	$0
FY2022	$488K
FY2023	$500K
FY2024	$545K
FY2024	$585K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Kim Kardas

President

$0Pt VII · Sec A

Ryan Beckmann

Treasurer

$0Pt VII · Sec A

Matt Murphy

Secretary

$0Pt VII · Sec A

Joe Pawlak

Director

$0Pt VII · Sec A

See Lambda Chi Alpha Fraternity Chi Zeta 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

Offers housing, meals, and social events for active members.

Provided by the organization

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1 program · in their own filed words · FY2023

01

Provide room, board AND/OR social activities for active members

Pt IX · 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 · FY2021

Alumni Association Chi Zeta LambdaFY2021$1K

Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$3K

Ln 12

Investment incomeLn 3$18K

Gifts and grantsLn 1h$200

Money outPt IX

$15K

Ln 25

Owns and owesPt X

$545K

net assets · Ln 32

Cash and savingsLn 1–2$10K

Total assetsLn 16$545K

LiabilitiesLn 26$0

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$200

Investment incomeLn 3$18K

Gains on assetsLn 7−$21K

Total revenueLn 12−$3K

Assets in detailPt X, end of year

CashLn 1$10K

Cash and savings togetherLn 1–2$10K

InvestmentsLn 11–13$536K

Total assetsLn 16$545K

LiabilitiesLn 26$0

Net assetsLn 32$545K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$217	$10K
InvestmentsLn 11–13	$499K	$536K
Total assetsLn 16	$500K	$545K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$500K	$545K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$800
Professional fundraising feesLn 11e	$5K
Investment management feesLn 11f	$5K
Information technologyLn 14	$360
Other expenses (24a–d)Ln 24	$5K
Total functional expensesLn 25	$15K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Viewing	−$3K	$15K	−$19K	$545K	990 PDF
FY2023	$21K	$22K	−$910	$500K	990 PDF
FY2022	$496K	$8K	$488K	$488K	990 PDF
FY2021	$11K	$11K	−$54	$0	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 (6 parts)

Part I · Summary −$3,136 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $194$200

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $21,240−$3,336

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $21,434−$3,136

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $7,643$5,182

I-17 Other expensesPrior year $14,701$10,246

I-18 Total expensesPrior year $22,344$15,428

I-19 Revenue less expensesPrior year −$910−$18,564

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 −$3,136 across 5 lines filed

VIII-1f All other contributions, gifts and grants$200

VIII-1h Total contributions, gifts and grants$200

VIII-3 Investment incomeUnrelated business $17,962$17,962

VIII-7 Net gain or loss on sales of assetsUnrelated business −$21,298−$21,298

VIII-12 Total revenueRelated to mission $0 · Unrelated business −$3,336 · Excluded from tax $0−$3,136

Part IX · Statement of functional expenses $15,428 across 5 lines filed

IX-11c Accounting fees$800

IX-11e Professional fundraising fees$5,182

IX-11f Investment management fees$4,573

IX-14 Information technology$360

IX-24 Other expenses (24a–d)$4,513

IX-25 Total functional expenses$15,428

Part X · Balance sheet $545,131 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $217$9,605

X-11 Publicly traded securitiesStart of year $499,288$535,526

X-16 Total assetsStart of year $499,505$545,131

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $499,505$545,131

X-32 Total net assets or fund balancesStart of year $499,505$545,131

X-33 Total liabilities and net assetsStart of year $499,505$545,131

Part XI · Reconciliation of net assets $545,131 net assets at year end

XI-1 Total revenue−$3,136

XI-2 Total expenses$15,428

XI-3 Revenue less expenses−$18,564

XI-4 Net assets at start of year$499,505

XI-5 Net unrealized gains (losses) on investments$64,190

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$545,131

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

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Lambda Chi Alpha Fraternity Chi Zeta FY2024 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV