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Nonprofiteer
← LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$5,025,902
Total expenses
$3,385,939
Contributions and grants received
$4,053,151
Grants paid
$1,800,268
Program service revenue
$183,048
Investment income
$326,940
Other revenue
$462,763
Total assets, end of year
$16,325,751
Total liabilities, end of year
$177,221
Net assets or fund balances, end of year
$16,148,530
Program services expenses (Part IX)
$1,885,081
Management and general expenses
$604,999
Fundraising expenses
$895,859
Program service expenses (Part III)
$1,885,081

Program services were 55.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,053,151

  • 1g · Noncash contributions included above

    $6,640

  • 2a · Program service revenue: Fund Admin Fees

    total $126,898 · related or exempt $126,898

  • 2b · Program service revenue: Chapter Housing Fundra

    total $55,000 · related or exempt $55,000

  • 2c · Program service revenue: Registration Income

    total $1,150 · related or exempt $1,150

  • 3 · Investment income

    total $327,470 · excluded $327,470

  • 7b · Less cost or other basis and sales expenses

    securities $530

  • 7c · Gain or loss

    securities -$530

  • 7d · Net gain or loss

    total -$530 · excluded -$530

  • 11a · Other revenue: Refunded grant

    total $462,763 · excluded $462,763

  • 11e · Other revenue, total

    $462,763

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,720,968 · program services $1,720,968

  • 2 · Grants to domestic individuals

    total $79,300 · program services $79,300

  • 5 · Compensation of officers, directors and key employees

    total $252,337 · program services $19,002 · management and general $52,844 · fundraising $180,491

  • 7 · Other salaries and wages

    total $381,098 · program services $27,766 · management and general $73,383 · fundraising $279,949

  • 8 · Pension plan contributions

    total $28,758 · program services $2,479 · management and general $8,186 · fundraising $18,093

  • 9 · Other employee benefits

    total $25,049 · program services $2,159 · management and general $7,131 · fundraising $15,759

  • 10 · Payroll taxes

    total $47,609 · program services $3,496 · management and general $9,232 · fundraising $34,881

  • 11c · Fees: accounting

    total $13,200 · program services $1,694 · management and general $2,883 · fundraising $8,623

  • 11e · Fees: professional fundraising services

    total $41,904 · fundraising $41,904

  • 11g · Fees: other

    total $181,627 · program services $23,306 · management and general $39,665 · fundraising $118,656

  • 12 · Advertising and promotion

    total $13,084 · program services $121 · management and general $7,064 · fundraising $5,899

  • 13 · Office expenses

    total $9,394 · program services $87 · management and general $5,072 · fundraising $4,235

  • 14 · Information technology

    total $9,365 · program services $87 · management and general $5,056 · fundraising $4,222

  • 16 · Occupancy

    total $125,000 · management and general $125,000

  • 17 · Travel

    total $158,191 · program services $1,463 · management and general $85,405 · fundraising $71,323

  • 22 · Depreciation, depletion and amortization

    total $1,349 · program services $12 · management and general $728 · fundraising $609

  • 24a · Other expenses: Other General and Admin

    total $210,958 · program services $2,339 · management and general $136,516 · fundraising $72,103

  • 24b · Other expenses: Uncollectibles

    total $73,984 · program services $684 · management and general $39,943 · fundraising $33,357

  • 24c · Other expenses: Dues and Subscription

    total $12,764 · program services $118 · management and general $6,891 · fundraising $5,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,103 · end of year $316,400

  • 3 · Pledges and grants receivable

    beginning of year $745,248 · end of year $1,325,378

  • 4 · Accounts receivable

    beginning of year $51,418 · end of year $185,783

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,889 · end of year $66,697

  • 10a · Land, buildings and equipment: cost or other basis

    $6,750

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,688

  • 10c · Land, buildings and equipment, net

    beginning of year $6,412 · end of year $5,062

  • 11 · Investments: publicly traded securities

    beginning of year $11,818,501 · end of year $13,436,834

  • 12 · Investments: other securities

    beginning of year $843,683 · end of year $989,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,346 · end of year $177,221

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $43,856 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,973,281 · end of year $5,608,759

  • 28 · Net assets with donor restrictions

    beginning of year $10,539,771 · end of year $10,539,771

Mission and programs · 2022

Mission

To fund, develop and support values-based educational programs and experience which inspire a lifetime of personal growth, leadership, services, and deep meaningful relationships.

  • Lambda Chi Alpha Fraternity Grant $1,416,500 - Grant investments for values-based programs and research - leadership training, interpersonal development, competency-based learning, and credentialing.Educational Housing Grants $298,468 - Grants for educational housing provided to undergraduate students enrolled at universities.Scholarships and Fellowships $79,300 - Undergraduate and graduate school scholarships based on need, academic merit, and community leadership, and furthering the educational endeavors of the recipient.

    Expenses $1,885,081 · Grants $1,800,268 · Revenue $183,048

As filed on the 2022 return.

Listed in Part VII

  • Robert Clinton Wheelock

    Director

    Total calculated
    $0
    Hours/week
    2

  • Drew C Lynch

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey B Burgan

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ernest Vargo

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dr Alan M Anderson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jeff A Arntson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dale Baker

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Alton R Brown III

    Director

    Total calculated
    $0
    Hours/week
    2

  • Darren Dupriest

    Director

    Total calculated
    $0
    Hours/week
    2

  • Donald E Euston

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bo L Gebbie

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Tracy J Forst

    Director

    Total calculated
    $0
    Hours/week
    2

  • Harry Q H Lee II

    Director

    Total calculated
    $0
    Hours/week
    2

  • Bryce A Murray

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mary Joy Stead

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Hartman

    President & CEO

    Total calculated
    $180,491
    From this org
    $151,424
    From related orgs
    $0
    Other
    $29,067
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,424
    Bonus
    $0
    Other
    $0
    Deferred
    $5,832
    Nontaxable benefits
    $23,235
    Filer's total
    $180,491

  • Tony Robinson

    Chief Financial Officer

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441359349301839

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