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Nonprofiteer
← LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$8,042,950
Total expenses
$4,593,250
Contributions and grants received
$7,246,043
Grants paid
$2,269,533
Program service revenue
$0
Investment income
$796,907
Other revenue
$0
Total assets, end of year
$20,813,654
Total liabilities, end of year
$156,335
Net assets or fund balances, end of year
$20,657,319
Program services expenses (Part IX)
$2,410,120
Management and general expenses
$667,213
Fundraising expenses
$1,515,917
Program service expenses (Part III)
$2,410,120

Program services were 52.5% 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.

  • 1e · Government grants (contributions)

    $13,707

  • 1f · All other contributions, gifts and grants

    $7,232,336

  • 1g · Noncash contributions included above

    $1,894,811

  • 3 · Investment income

    total $441,580 · excluded $441,580

  • 7a · Gross sales of assets other than inventory

    securities $1,991,280

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

    securities $1,635,953

  • 7c · Gain or loss

    securities $355,327

  • 7d · Net gain or loss

    total $355,327 · excluded $355,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $843,098 · program services $843,098

  • 2 · Grants to domestic individuals

    total $1,426,435 · program services $1,426,435

  • 5 · Compensation of officers, directors and key employees

    total $301,521 · program services $6,338 · management and general $138,853 · fundraising $156,330

  • 7 · Other salaries and wages

    total $980,538 · program services $41,179 · management and general $233,031 · fundraising $706,328

  • 8 · Pension plan contributions

    total $50,955 · program services $2,174 · management and general $11,740 · fundraising $37,041

  • 9 · Other employee benefits

    total $113,857 · program services $4,866 · management and general $28,105 · fundraising $80,886

  • 10 · Payroll taxes

    total $101,267 · program services $3,818 · management and general $28,817 · fundraising $68,632

  • 11b · Fees: legal

    total $27,223 · program services $10,179 · management and general $5,062 · fundraising $11,982

  • 11c · Fees: accounting

    total $27,466 · management and general $27,466

  • 11g · Fees: other

    total $144,434 · program services $64,272 · management and general $4,500 · fundraising $75,662

  • 12 · Advertising and promotion

    total $39,013 · program services $13 · management and general $3,666 · fundraising $35,334

  • 13 · Office expenses

    total $99,462 · program services $1,508 · management and general $43,007 · fundraising $54,947

  • 14 · Information technology

    total $24,460 · program services $371 · management and general $10,576 · fundraising $13,513

  • 17 · Travel

    total $182,268 · program services $4,417 · management and general $29,890 · fundraising $147,961

  • 24a · Other expenses: Overhead Charges

    total $150,000 · management and general $75,000 · fundraising $75,000

  • 24b · Other expenses: Donor Stewardship

    total $46,544 · program services $706 · management and general $20,125 · fundraising $25,713

  • 24c · Other expenses: Merchant Fees

    total $28,482 · program services $612 · management and general $6,051 · fundraising $21,819

  • 24d · Other expenses: Other expenses

    total $6,227 · program services $134 · management and general $1,324 · fundraising $4,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,298 · end of year $512,092

  • 3 · Pledges and grants receivable

    beginning of year $1,167,285 · end of year $2,333,251

  • 4 · Accounts receivable

    beginning of year $51,418 · end of year $121,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,085 · end of year $21,595

  • 11 · Investments: publicly traded securities

    beginning of year $14,556,912 · end of year $16,816,270

  • 12 · Investments: other securities

    beginning of year $1,318,535 · end of year $1,008,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,198 · end of year $156,335

  • 27 · Net assets without donor restrictions

    beginning of year $2,907,196 · end of year $4,135,378

  • 28 · Net assets with donor restrictions

    beginning of year $14,533,139 · end of year $16,521,941

Mission and programs · 2024

Mission

To invest in the ever-growing educational pursuits of Lambda Chi Alpha, enabling its transformation into the premier men's service learning and leadership development organization.

  • Lambda Chi Alpha Fraternity Grant $843,099 - Grant investments for values-based programs and research - leadership training, interpersonal development, competency-based learning, and credentialing.-Scholarships and Fellowships $290,671 - Undergraduate and graduate school scholarships based on need, academic merit, and community leadership, and furthering the educational endeavors of the recipient.Chapter educational housing grants $1,135,514 - Grants for eligible educational programming, facilities, equipment, and materials for the undergraduate members

    Expenses $2,410,120 · Grants $2,269,533

As filed on the 2024 return.

Listed in Part VII

  • Robert Anderson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Drew C Lynch

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • David Franklin

    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

    Director

    Total calculated
    $0
    Hours/week
    2

  • Alton R Brown III

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jason Seegert

    Director

    Total calculated
    $0
    Hours/week
    2

  • Edward Wilkinson

    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

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Mary Joy Stead

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Hartmann

    President & CEO

    Total calculated
    $211,256
    From this org
    $168,402
    From related orgs
    $0
    Other
    $42,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,402
    Bonus
    $0
    Other
    $0
    Deferred
    $10,104
    Nontaxable benefits
    $32,750
    Filer's total
    $211,256

  • David Bolton

    Controller

    Total calculated
    $90,264
    From this org
    $77,136
    From related orgs
    $0
    Other
    $13,128
    Hours/week
    40

  • Nicholas Bratvold

    Vice President

    Total calculated
    $167,560
    From this org
    $148,264
    From related orgs
    $0
    Other
    $19,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,264
    Bonus
    $0
    Other
    $0
    Deferred
    $8,896
    Nontaxable benefits
    $10,400
    Filer's total
    $167,560

  • John Michael

    Stewardship Officer

    Total calculated
    $121,396
    From this org
    $113,581
    From related orgs
    $0
    Other
    $7,815
    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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
2024
Filed
29 July 2025
IRS schema version
2024v5.2
Source object
202542129349300819

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