Eta Lambda Facility Corporation

Not tax-deductible

Indianapolis, INMutual-benefit / member-servingEducation EIN 51-0513776Revenue $247K in FY2025Latest return filed Feb 16, 2026

On file with the IRSIndianapolis, INTax-exempt since Dec 2006

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To provide housing

Run by 4 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $9K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$522K
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
-25% vs prior year
Spent
$197K
Net assets
$84K
By yearFY2021–FY2025
Revenue
$247K
FY2025▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2021$165K
FY2022$310K
FY2023$308K
FY2024$329K
FY2025$247K
Expenses
$197K
FY2025▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2021$244K
FY2022$288K
FY2023$310K
FY2024$278K
FY2025$197K
Net assets
$84K
FY2025▲ +152%
Tap a bar for its year
Net assets by fiscal year
FY2021−$36K
FY2022−$14K
FY2023−$17K
FY2024$33K
FY2025$84K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2006.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO/Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chief Administration Officer
$0Pt VII · Sec A
Chief Information Officer
$0Pt VII · Sec A
See Eta Lambda Facility 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

Eta Lambda Facility Corporation is a member-serving organization based in Indianapolis, IN.

Questions for Eta Lambda Facility Corporation

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1 program · in their own filed words · FY2024
01

The corporation provides and manages the chapter headquarters for the eta lambda chapter of the kappa alpha theta collegiate sorority which provides a place to foster friendship, promote educational and cultural interests, and develop the maturity of the members.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Fees for servicesLn 2g$247K
Money outPt IX
$197K
Ln 25
Owns and owesPt X
$84K
net assets · Ln 32
Total assetsLn 16$606K
LiabilitiesLn 26$522K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$247K
Total revenueLn 12$247K
Assets in detailPt X, end of year
Accounts receivableLn 4$39K
Prepaid expenses and deferred chargesLn 9$21K
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$542K
Total assetsLn 16$606K
LiabilitiesLn 26$522K
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Land, buildings, equipmentLn 10c$13K$4K
Total assetsLn 16$105K$606K
LiabilitiesLn 26$72K$522K
Net assetsLn 32$33K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8K
Other employee benefitsLn 9$411
Payroll taxesLn 10$766
Legal feesLn 11b$4K
Accounting feesLn 11c$2K
Other fees for servicesLn 11g$131
Office expensesLn 13$2K
OccupancyLn 16$150K
TravelLn 17$2K
Depreciation, depletion and amortizationLn 22$9K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$17K
Total functional expensesLn 25$197K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 16, 2026 $247K$197K$51K$84K 990 PDF
FY2024Filed with the IRS Jan 15, 2025 $329K$278K$51K$33K 990 PDF
FY2023Filed with the IRS Jan 18, 2024 $308K$310K−$2K−$17K 990 PDF
FY2022Filed with the IRS Jan 17, 2023 $310K$288K$22K−$14K 990 PDF
FY2021Filed with the IRS May 19, 2022 $165K$244K−$79K−$36K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $247,394 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $308,312$247,394
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $20,927$0
I-12 Total revenuePrior year $329,239$247,394
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 $19,630$9,488
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $258,130$187,122
I-18 Total expensesPrior year $277,760$196,610
I-19 Revenue less expensesPrior year $51,479$50,784
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $247,394 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $247,394$247,394
VIII-12 Total revenueRelated to mission $247,394 · Unrelated business $0 · Excluded from tax $0$247,394
Part IX · Statement of functional expenses $196,610 across 12 lines filed
IX-7 Other salaries and wages$8,311
IX-9 Other employee benefits$411
IX-10 Payroll taxes$766
IX-11b Legal fees$3,853
IX-11c Accounting fees$1,673
IX-11g Other fees for services$131
IX-13 Office expenses$2,278
IX-16 Occupancy$149,756
IX-17 Travel$2,326
IX-22 Depreciation, depletion and amortization$8,784
IX-23 Insurance$1,148
IX-24 Other expenses (24a–d)$17,173
IX-25 Total functional expenses$196,610
Part X · Balance sheet $606,139 assets, 11 lines filed
X-4 Accounts receivableStart of year $71,561$38,968
X-9 Prepaid expenses and deferred chargesStart of year $20,800$21,100
X-10c Land, buildings and equipment, netStart of year $12,974$4,189
X-15 Other assetsStart of year $0$541,882
X-16 Total assetsStart of year $105,335$606,139
X-17 Accounts payable and accrued expensesStart of year $23,156$1,406
X-25 Other liabilitiesStart of year $48,774$520,544
X-26 Total liabilitiesStart of year $71,930$521,950
X-27 Net assets without donor restrictionsStart of year $33,405$84,189
X-32 Total net assets or fund balancesStart of year $33,405$84,189
X-33 Total liabilities and net assetsStart of year $105,335$606,139
Part XI · Reconciliation of net assets $84,189 net assets at year end
XI-1 Total revenue$247,394
XI-2 Total expenses$196,610
XI-3 Revenue less expenses$50,784
XI-4 Net assets at start of year$33,405
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$84,189

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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