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Nonprofiteer
← LAMBDA CHI ALPHA FRATERNITY INC

Form 990 for tax year 2022

Filed by LAMBDA CHI ALPHA FRATERNITY INC.

Totals

Total revenue
$7,757,361
Total expenses
$9,318,779
Contributions and grants received
$1,716,500
Grants paid
$0
Program service revenue
$6,055,415
Investment income
-$60,210
Other revenue
$45,656
Total assets, end of year
$6,329,265
Total liabilities, end of year
$6,105,805
Net assets or fund balances, end of year
$223,460
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $300,000

  • 1f · All other contributions, gifts and grants

    $1,416,500

  • 2a · Program service revenue: Risk Management

    total $2,804,734 · related or exempt $2,790,965 · unrelated business $13,769

  • 2b · Program service revenue: Membership Dues & Fees

    total $2,689,807 · related or exempt $2,689,807

  • 2c · Program service revenue: Conf Registration

    total $369,024 · related or exempt $369,024

  • 2d · Program service revenue: Management Services

    total $191,850 · related or exempt $191,850

  • 5 · Royalties

    total $103,255 · unrelated business $103,255

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

    other assets $60,210

  • 7c · Gain or loss

    other assets -$60,210

  • 7d · Net gain or loss

    total -$60,210 · excluded -$60,210

  • 10a · Gross sales of inventory

    $2,000

  • 10b · Cost of goods sold

    $59,599

  • 10c · Net income from sales of inventory

    total -$57,599 · related or exempt -$57,599

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $847,651

  • 7 · Other salaries and wages

    total $1,998,585

  • 8 · Pension plan contributions

    total $109,605

  • 9 · Other employee benefits

    total $282,501

  • 10 · Payroll taxes

    total $216,278

  • 11b · Fees: legal

    total $61,578

  • 11c · Fees: accounting

    total $32,780

  • 11g · Fees: other

    total $285,258

  • 12 · Advertising and promotion

    total $229,431

  • 14 · Information technology

    total $794,103

  • 16 · Occupancy

    total $455,555

  • 17 · Travel

    total $363,429

  • 20 · Interest

    total $150,297

  • 22 · Depreciation, depletion and amortization

    total $498,175

  • 23 · Insurance

    total $1,662,162

  • 24a · Other expenses: Program Expense

    total $765,147

  • 24b · Other expenses: Leadership Skills

    total $250,000

  • 24c · Other expenses: Bad debt Expenses

    total $129,696

  • 24d · Other expenses: Printing publication

    total $122,456

  • 24e · All other expenses

    total $64,092

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,098,185 · end of year $99,232

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $706,459 · end of year $648,131

  • 7 · Other notes and loans receivable

    beginning of year $14,786 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $75,110 · end of year $78,703

  • 9 · Prepaid expenses and deferred charges

    beginning of year $782,242 · end of year $790,220

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

    $1,609,097

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

    $795,345

  • 10c · Land, buildings and equipment, net

    beginning of year $1,056,567 · end of year $813,752

  • 15 · Other assets

    beginning of year $1,667,595 · end of year $3,899,227

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,455,213 · end of year $635,460

  • 19 · Deferred revenue

    beginning of year $66,338 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $992,285 · end of year $1,337,158

  • 24 · Unsecured notes and loans payable

    beginning of year $149,900 · end of year $149,900

  • 25 · Other liabilities

    beginning of year $834,171 · end of year $3,983,287

  • 27 · Net assets without donor restrictions

    beginning of year $1,903,037 · end of year $223,460

Mission and programs · 2022

Mission

Our mission is to inspire and equip collegiate men to lead an ethical life of growth, service, and leadership. To accomplish this, our activities focus on providing educational chapter management experiences, increased alumni volunteer participation, a healthy and safe chapter environment, partnerships with host institutions, and an emphasis on higher average chapter size.

Activities or mission (Part I)

Our mission is to inspire and equip collegiate men to lead an ethical life of growth, service, and leadership. To accomplish this, our activities focus on providing educational chapter management experiences, increased alumni volunteer participation, a healthy and international headquarters while also preserving historical documents, preparing fraternity periodicals and educational materials and the support of educational and risk management programs.

  • Chapter support involves virtual coaching model where Fraternity team members conduct regular visits with key officer positions within the each chapter. Onsite visits to chapters are conducted when recommended based on the individual needs of the chapter. The health and wellness team provides resources and tools and liability coverage through a third party insurance agency.

  • Learning Outcomes designs and develops extensive in-person and online training solutions for chapters and alumni. Ranging from online individual training and group-based activities, to in the room small and large group sessions (with a maximum of approximately 200 participants), Learning Outcomes offers a variety of solutions to meet the needs of our members.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Stuerman Left 082022

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Samuel Oliver

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Scott Jackson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Steve Pattison

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Lenard Bendo

    Director

    Total calculated
    $0
    Hours/week
    2

  • Greg Castanias

    Director

    Total calculated
    $0
    Hours/week
    2

  • Frederick Kam Jr

    Director

    Total calculated
    $0
    Hours/week
    2

  • Christopher Meyer

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Orlando Rummans

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Swafford

    Director

    Total calculated
    $0
    Hours/week
    2

  • Timothy Tucker Left 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Drew Goheen Left 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Thomas Keisler Left 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • John Branch Left 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • William Hones

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michael Brady Joined 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Paul Troy Jr Joined 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Caden Beckwith Joined 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Zachary Lee Joined 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Eric Ma Joined 082022

    Director

    Total calculated
    $0
    Hours/week
    2

  • Troy Medley

    Chief Executive Officer

    Total calculated
    $355,206
    From this org
    $317,522
    From related orgs
    $0
    Other
    $37,684
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $235,336
    Bonus
    $79,765
    Other
    $2,421
    Deferred
    $13,998
    Nontaxable benefits
    $23,686
    Filer's total
    $355,206

  • Tony Robinson

    Chief Financial Officer

    Total calculated
    $172,139
    From this org
    $142,834
    From related orgs
    $0
    Other
    $29,305
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $138,459
    Bonus
    $4,375
    Other
    $0
    Deferred
    $8,804
    Nontaxable benefits
    $20,501
    Filer's total
    $172,139

  • Justin Fisher

    Chief Operating Officer

    Total calculated
    $147,620
    From this org
    $125,694
    From related orgs
    $0
    Other
    $21,926
    Hours/week
    40

  • Doug Derringer

    Chief Growth Officer

    Total calculated
    $172,690
    From this org
    $150,420
    From related orgs
    $0
    Other
    $22,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,014
    Bonus
    $25,000
    Other
    $20,406
    Deferred
    $4,728
    Nontaxable benefits
    $17,542
    Filer's total
    $172,690

  • Tad Lichtenauer

    Chief Innovative Officer

    Total calculated
    $150,492
    From this org
    $121,538
    From related orgs
    $0
    Other
    $28,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,538
    Bonus
    $0
    Other
    $0
    Deferred
    $7,998
    Nontaxable benefits
    $20,956
    Filer's total
    $150,492

  • Sarah Rosenberger

    Director of Strategic Marketing

    Total calculated
    $130,616
    From this org
    $119,346
    From related orgs
    $0
    Other
    $11,270
    Hours/week
    40

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 4a
Doug Derringer was paid severance of $20,402.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • LCA Investments Inc

    501(c)(2) · Holding Company · IN

    Directly controlled by Lambda Chi Alpha Fraternity Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431369349306293

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