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Lambda Chi Alpha Fraternity Iota Lambda Zeta FY2024 filing

Not tax-deductible

Morgantown, WV501(c)(7)Since 2016Mutual / membership EIN 81-1750301Revenue $424K in FY2024

On file with the IRSPo Box 6201, 26506-6201 · Morgantown, WVTax-exempt since Jan 1941

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To inspire and equip men to lead an ethical life of growth, service and leadership

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
2 of 2
filings with a surplus
Average surplus $41K a year · 7% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$424K
+418% vs prior year
Spent
$372K
Net assets
$87K
By yearFY2022–FY2025
Revenue
$424K
FY2024▲ +418%
Tap a bar for its year
Revenue by fiscal year
FY2022$61K
FY2023$82K
FY2024$424K
FY2025$674K
Expenses
$372K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$372K
FY2025$644K
Net assets
$87K
FY2024▲ +148%
Tap a bar for its year
Net assets by fiscal year
FY2022$20K
FY2023$35K
FY2024$87K
FY2025$117K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1941.

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Luke Trainor
High Alpha
$0Pt VII · Sec A
Jack Cooper
High Beta
$0Pt VII · Sec A
Shane Murphy
High Delta
$0Pt VII · Sec A
Rommel Pineda
High Upsilon
$0Pt VII · Sec A
Wes Defeytas
High Gamma
$0Pt VII · Sec A
David Frier
High Iota
$0Pt VII · Sec A
Aiden Fisher
High Kappa
$0Pt VII · Sec A
Mike Arent
High Phi
$0Pt VII · Sec A
See Lambda Chi Alpha Fraternity Iota Lambda 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

Supports college men through brotherhood, leadership, and academic programs.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provided meals, housing and social programs for the local social fraternity members.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$424K
Ln 12
Fees for servicesLn 2g$424K
Investment incomeLn 3$350
Money outPt IX
$372K
Ln 25
Owns and owesPt X
$87K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$110K
LiabilitiesLn 26$23K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$424K
Investment incomeLn 3$350
Total revenueLn 12$424K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$23K
Cash and savings togetherLn 1–2$90K
Other assetsLn 15$20K
Total assetsLn 16$110K
LiabilitiesLn 26$23K
Net assetsLn 32$87K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$35K$90K
Total assetsLn 16$35K$110K
LiabilitiesLn 26$0$23K
Net assetsLn 32$35K$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K
Office expensesLn 13$3
OccupancyLn 16$192K
Other expenses (24a–d)Ln 24$178K
Total functional expensesLn 25$372K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $674K$644K$30K$117K 990 PDF
FY2024 Viewing $424K$372K$52K$87K 990 PDF
FY2023 $82K$35K 990 PDF
FY2022 $61K$20K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $424,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $81,913$423,795
I-10 Investment incomePrior year $0$350
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $81,913$424,145
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 $4,390$0
I-17 Other expensesPrior year $63,046$372,290
I-18 Total expensesPrior year $67,436$372,290
I-19 Revenue less expensesPrior year $14,477$51,855
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $424,145 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $423,795$423,795
VIII-3 Investment incomeUnrelated business $350$350
VIII-12 Total revenueRelated to mission $423,795 · Unrelated business $350 · Excluded from tax $0$424,145
Part IX · Statement of functional expenses $372,290 across 4 lines filed
IX-12 Advertising and promotion$2,337
IX-13 Office expenses$3
IX-16 Occupancy$191,902
IX-24 Other expenses (24a–d)$178,048
IX-25 Total functional expenses$372,290
Part X · Balance sheet $109,971 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $34,966$66,474
X-2 Savings and temporary cash investments$23,497
X-15 Other assetsStart of year $0$20,000
X-16 Total assetsStart of year $34,966$109,971
X-25 Other liabilitiesStart of year $0$23,150
X-26 Total liabilitiesStart of year $0$23,150
X-32 Total net assets or fund balancesStart of year $34,966$86,821
X-33 Total liabilities and net assetsStart of year $34,966$109,971
Part XI · Reconciliation of net assets $86,821 net assets at year end
XI-1 Total revenue$424,145
XI-2 Total expenses$372,290
XI-3 Revenue less expenses$51,855
XI-4 Net assets at start of year$34,966
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$86,821

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

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