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Lambda Chi Alpha Fraternity INC FY2023 filing

Not tax-deductible

Knoxville, TN501(c)(7)EIN 86-1948737Revenue $348K in FY2023

On file with the IRS1848 Fraternity Park Dr, 37916-4004 · Knoxville, TNTax-exempt since Jan 1941

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The mission of Lambda Chi Alpha Fraternity to inspire and equip men to lead an ethical life of growth, service and leadership. Lambda Chi Alpha envisions a world where the ideal man pursues a life of respect and inclusion for all. A world where we support and encourage one another. And a world where every brother models and embraces our values: loyalty, duty, respect, service and stewardship, honor, integrity and personal courage.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $13K a year · 3% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
+122% vs prior year
Spent
$330K
To programs
100%
Net assets
$58K
By yearFY2022–FY2024
Revenue
$348K
FY2023▲ +122%
Tap a bar for its year
Revenue by fiscal year
FY2022$156K
FY2023$348K
FY2024$429K
Expenses
$330K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$330K
FY2024$421K
Net assets
$58K
FY2023▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2022$41K
FY2023$58K
FY2024$12K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1941.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $330K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Samuel Belau
High Tau
$0Pt VII · Sec A
Ryan Carlton
High Delta
$0Pt VII · Sec A
$0Pt VII · Sec A
Ryan Chesnutt
High Iota
$0Pt VII · Sec A
Austin Cosby
High Rho
$0Pt VII · Sec A
$0Pt VII · Sec A
Will Hardy
High Beta
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lambda Chi Alpha Fraternity INC 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

Inspires and equips men to lead ethical lives of growth, service, and leadership.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Provided meals, housing and social programs for the local social fraternity members - total of 190 members for the year.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$348K
Ln 12
Fees for servicesLn 2g$341K
Gifts and grantsLn 1h$6K
Money outPt IX
$330K
Ln 25
Programscol B$330K
Owns and owesPt X
$58K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$58K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$341K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$58K
LiabilitiesLn 26$0
Net assetsLn 32$58K
OperationsPt I, VI
EmployeesI 50
VolunteersI 641
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 FY23End FY23
Cash and savingsLn 1–2$41K$42K
Total assetsLn 16$41K$58K
LiabilitiesLn 26$0$0
Net assetsLn 32$41K$58K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$7K$7K
Other expenses (24a–d)Ln 24$294K$294K
All other expensesLn 24e$30K$30K
Total functional expensesLn 25$330K$330K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $429K$421K$8K$12K 990 PDF
FY2023 Viewing $348K$330K$17K$58K 990 PDF
FY2022 $156K$41K 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 FY2023 990 (6 parts)
Part I · Summary $347,639 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000$6,329
I-9 Program service revenuePrior year $148,256$341,310
I-10 Investment income$0
I-11 Other revenuePrior year $7,188$0
I-12 Total revenuePrior year $156,444$347,639
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,058$330,413
I-18 Total expensesPrior year $132,058$330,413
I-19 Revenue less expensesPrior year $24,386$17,226
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $347,639 across 4 lines filed
VIII-1f All other contributions, gifts and grants$6,329
VIII-1h Total contributions, gifts and grants$6,329
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $341,310$341,310
VIII-12 Total revenueRelated to mission $341,310$347,639
Part IX · Statement of functional expenses $330,413 across 3 lines filed
IX-11c Accounting feesPrograms $6,633$6,633
IX-24 Other expenses (24a–d)Programs $293,678$293,678
IX-24e All other expensesPrograms $30,102$30,102
IX-25 Total functional expensesPrograms $330,413 · Management $0 · Fundraising $0$330,413
Part X · Balance sheet $58,064 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $40,838$42,264
X-4 Accounts receivable$15,800
X-16 Total assetsStart of year $40,838$58,064
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $40,838$58,064
X-33 Total liabilities and net assetsStart of year $40,838$58,064
Part XI · Reconciliation of net assets $58,064 net assets at year end
XI-1 Total revenue$347,639
XI-2 Total expenses$330,413
XI-3 Revenue less expenses$17,226
XI-4 Net assets at start of year$40,838
XI-10 Net assets at end of year$58,064

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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