Nonprofit · EIN 35-1188987
LAMBDA CHI ALPHA FRATERNITY INC
Also known as ALPHA-OMICRON ASSN
Tax-exempt · BLOOMINGTON, IN 47404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $479,459 | $431,742 | $47,717 | $2,263,998 | $510,754 | $1,753,244 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $2,098
- Program service revenue
- $476,146
- Investment income
- $1,215
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $107,600
- Salaries, compensation and benefits (total)
- $117,122
- Professional fundraising fees
- $0
- Accounting fees
- $15,500
- Occupancy
- $113,068
- Program services (functional)
- $431,742
Balance sheet and other
- Total assets, start of year
- $2,264,099
- Total assets, end of year
- $2,263,998
- Total liabilities, end of year
- $510,754
- Net assets, end of year
- $1,753,244
- Land, buildings and equipment
- $1,795,352
- Net assets without donor restrictions
- $1,753,244
- Gross receipts
- $479,459
- Employees
- 1
- Year formed
- 1920
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sanjay Bhasker | Treasurer Officer | 2 | $0 |
| Ryan Thie | Vice President Officer | 2 | $0 |
| Mack Watson | President Officer | 2 | $0 |
| Greg Utken | Secretary Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1115 N WALNUT ST, BLOOMINGTON, IN 47404-0007
- In care of
- % GREEK ACCOUNTING SERVICE
- Principal officer (990 for 2023)
- Sanjay Bhasker, PO Box 2628, Bloomington, IN 47402
- Signed the 990
- Sanjay Bhasker, Treasurer
- Phone
- (812) 339-0450
- Return prepared by
- Stampfli Associates CPAs PC
Mission
Provide housing for active chapter members while attending Indiana University
Program accomplishments
- Provided housing to membersExpenses $215,514
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1188987
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Group exemption
- 0293: LAMBDA CHI ALPHA FRATERNITY INC
- Assets (IRS master file)
- $2,263,998
- Income (IRS master file)
- $479,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $479,459 | $431,742 | $2,263,998 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1188987).
Questions about LAMBDA CHI ALPHA FRATERNITY INC
- What is the EIN of LAMBDA CHI ALPHA FRATERNITY INC?
- The employer identification number (EIN) of LAMBDA CHI ALPHA FRATERNITY INC is 35-1188987.
- Is LAMBDA CHI ALPHA FRATERNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1941.
- Are donations to LAMBDA CHI ALPHA FRATERNITY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAMBDA CHI ALPHA FRATERNITY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAMBDA CHI ALPHA FRATERNITY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAMBDA CHI ALPHA FRATERNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of LAMBDA CHI ALPHA FRATERNITY INC?
- The 990 for the year ended June 30, 2024 names Sanjay Bhasker.
- Who are the officers and directors of LAMBDA CHI ALPHA FRATERNITY INC?
- The 990 for the year ended June 30, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LAMBDA CHI ALPHA FRATERNITY INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $479,459, expenses of $431,742 and total assets of $2,263,998 at year end.
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