Alpha Eta Building Fund Corp: Nonprofit Profile, Financials & Form 990 (EIN 73-6096948)

Revenue by fiscal year
FY2021	$1.5M
FY2022	$667K
FY2023	$945K
FY2024	$862K
FY2025	$740K

Expenses by fiscal year
FY2021	$748K
FY2022	$750K
FY2023	$805K
FY2024	$824K
FY2025	$1.0M

Net assets by fiscal year
FY2021	$2.2M
FY2022	$2.1M
FY2023	$2.2M
FY2024	$2.3M
FY2025	$2.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2010.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $932K Management & general 0% · $1K Fundraising 7% · $73K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Darton Zink

President

$0Pt VII · Sec A

David Reynolds

Vice President

$0Pt VII · Sec A

Brett Lessley

Treasurer

$0Pt VII · Sec A

Dewayne Patterson

Secretary

$0Pt VII · Sec A

See Alpha Eta Building Fund Corp 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 15aYes

Programs and updates

Provides student housing for Lambda Chi Alpha Fraternity in Stillwater, Oklahoma.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

Provide room and board, supervision, and alumni contacts for undergraduate members of a local chapter of a national fraternal organization on the campus of an educational institution.

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 · FY2022

Lambda Chi Alpha Educational Foundation INCFY2022$164K

Total grants receivedfrom 1 funder$164K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$740K

Ln 12

Fees for servicesLn 2g$716K

Gifts and grantsLn 1h$16K

Other incomeLn 4–11$8K

Money outPt IX

$1.0M

Ln 25

Programscol B$932K

Managementcol C$1K

Fundraisingcol D$73K

Owns and owesPt X

$2.0M

net assets · Ln 32

Cash and savingsLn 1–2$3K

Total assetsLn 16$5.4M

LiabilitiesLn 26$3.4M

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$16K

Fees for servicesLn 2g$716K

Other incomeLn 4–11$8K

Total revenueLn 12$740K

Assets in detailPt X, end of year

CashLn 1$3K

Cash and savings togetherLn 1–2$3K

Land, buildings, equipmentLn 10c$5.3M

Other assetsLn 15$5K

Total assetsLn 16$5.4M

LiabilitiesLn 26$3.4M

Net assetsLn 32$2.0M

OperationsPt I, VI

EmployeesI 51

VolunteersI 65

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$237K	$3K
Land, buildings, equipmentLn 10c	$5.5M	$5.3M
Total assetsLn 16	$5.7M	$5.4M
LiabilitiesLn 26	$3.5M	$3.4M
Net assetsLn 32	$2.3M	$2.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$23K	$23K	$0	$0
Payroll taxesLn 10	$2K	$2K	$0	$0
Accounting feesLn 11c	$1K	$0	$1K	$0
Professional fundraising feesLn 11e	$44K			$44K
InterestLn 20	$157K	$157K	$0	$0
Depreciation, depletion and amortizationLn 22	$223K	$223K	$0	$0
InsuranceLn 23	$28K	$28K	$0	$0
Other expenses (24a–d)Ln 24	$238K	$209K	$0	$29K
All other expensesLn 24e	$291K	$291K	$0	$0
Total functional expensesLn 25	$1.0M	$932K	$1K	$73K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$740K	$1.0M	−$265K	$2.0M	990 PDF
FY2024	$862K	$824K	$38K	$2.3M	990 PDF
FY2023	$945K	$805K	$140K	$2.2M	990 PDF
FY2022	$667K	$750K	−$83K	$2.1M	990 PDF
FY2021	$1.5M	$748K	$702K	$2.2M	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 FY2025 990 (6 parts)

Part I · Summary $740,478 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $125,359$15,531

I-9 Program service revenuePrior year $732,699$716,464

I-10 Investment income$0

I-11 Other revenuePrior year $4,025$8,483

I-12 Total revenuePrior year $862,083$740,478

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $23,800$24,435

I-16a Professional fundraising feesPrior year $12,194$44,086

I-17 Other expensesPrior year $787,671$937,443

I-18 Total expensesPrior year $823,665$1,005,964

I-19 Revenue less expensesPrior year $38,418−$265,486

Part VI · Governance 4 of 4 board members independent, no flags

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $740,478 across 4 lines filed

Lines not itemized here account for $8,483 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$15,531

VIII-1h Total contributions, gifts and grants$15,531

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$716,464

VIII-12 Total revenueRelated to mission $724,947 · Unrelated business $0 · Excluded from tax $0$740,478

Part IX · Statement of functional expenses $1,005,964 across 9 lines filed

IX-7 Other salaries and wagesPrograms $22,503 · Management $0 · Fundraising $0$22,503

IX-10 Payroll taxesPrograms $1,932 · Management $0 · Fundraising $0$1,932

IX-11c Accounting feesPrograms $0 · Management $1,063 · Fundraising $0$1,063

IX-11e Professional fundraising feesFundraising $44,086$44,086

IX-20 InterestPrograms $156,703 · Management $0 · Fundraising $0$156,703

IX-22 Depreciation, depletion and amortizationPrograms $222,874 · Management $0 · Fundraising $0$222,874

IX-23 InsurancePrograms $27,840 · Management $0 · Fundraising $0$27,840

IX-24 Other expenses (24a–d)Programs $208,626 · Management $0 · Fundraising $29,190$237,816

IX-24e All other expensesPrograms $291,147 · Management $0 · Fundraising $0$291,147

IX-25 Total functional expensesPrograms $931,625 · Management $1,063 · Fundraising $73,276$1,005,964

Part X · Balance sheet $5,362,817 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $237,288$3,388

X-4 Accounts receivableStart of year $12,187$21,347

X-10c Land, buildings and equipment, netStart of year $5,468,550$5,333,332

X-15 Other assetsStart of year $4,750$4,750

X-16 Total assetsStart of year $5,722,775$5,362,817

X-19 Deferred revenueStart of year $137,205$156,205

X-26 Total liabilitiesStart of year $3,459,861$3,365,389

X-32 Total net assets or fund balancesStart of year $2,262,914$1,997,428

X-33 Total liabilities and net assetsStart of year $5,722,775$5,362,817

Part XI · Reconciliation of net assets $1,997,428 net assets at year end

XI-1 Total revenue$740,478

XI-2 Total expenses$1,005,964

XI-3 Revenue less expenses−$265,486

XI-4 Net assets at start of year$2,262,914

XI-10 Net assets at end of year$1,997,428

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

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Alpha Eta Building Fund Corp

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Alpha Eta Building Fund Corp

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV