2024-11-07T13:53:06-06:00 2023-12-31 311119890 Barnes Dennig & Co LTD 150 East Fourth Street Cincinnati OH 45202 990 2023-07-01 136266432 Lambda Chi Alpha Educational Foundation LAMB 3178728000 10 West Carmel Drive 220 Carmel IN 46032 Dave Bolton Controller 3178728000 2024-11-06 1 1 Paula Hume P00537516 5132418313 2024-11-06 2023 2024-10-15 13:58:12Z Dave Bolton 10 West Carmel Drive Carmel IN 46032 2206094 0 X https://lambdachifoundation.org/ X 1955 IN 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. 14 14 10 400 0 0 4053151 1900968 183048 74426 326940 230700 462763 0 5025902 2206094 1800268 531692 0 0 734851 615477 41904 0 549690 808916 522725 3385939 1669894 1639963 536200 16325751 17526533 177221 86198 16148530 17440335 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. 0 0 581802 531692 74426 Lambda Chi Alpha Fraternity Grant $450,000 - Grant investments for values-based programs and research - leadership training, interpersonal development, competency-based learning, and credentialing.Scholarships and Fellowships $81,692 - Undergraduate and graduate school scholarships based on need, academic merit, and community leadership, and furthering the educational endeavors of the recipient. 581802 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VT VA WA WV WI WY X X Dave Bolton 3178728000 10 West Carmel Drive Ste 220 Carmel IN 46032 Robert Anderson Secretary 2.00 X X 0 0 0 Drew C Lynch Chairman 2.00 X X 0 0 0 David Franklin Director 2.00 X 0 0 0 Dr Alan M Anderson Director 2.00 X 0 0 0 Jeff A Arntson Director 2.00 X 0 0 0 Dale Baker Director 2.00 X 0 0 0 Alton R Brown III Treasurer 2.00 X X 0 0 0 Jason Seegert Director 2.00 X 0 0 0 Edward Wilkinson Director 2.00 X 0 0 0 Bo L Gebbie Vice Chairman 2.00 X X 0 0 0 Tracy J Forst Director 2.00 X 0 0 0 Harry Q H Lee II Director 2.00 X 0 0 0 Bryce A Murray Director 2.00 X 0 0 0 Mary Joy Stead Director 2.00 X 0 0 0 Dan Hartmann President & CEO 40.00 X 174131 0 36490 Tony Robinson - Exit 1023 Chief Financial Officer 5.00 X 0 0 0 174131 0 36490 1 0 1 0 0 1900968 1900968 Fund Admin Fees 900099 59426 59426 Chapter Housing Fund S 900099 15000 15000 74426 226498 226498 4202 0 4202 4202 4202 2206094 74426 0 230700 450000 450000 81692 81692 105311 3525 35545 66241 402000 12575 130296 259129 72335 3175 29045 40115 35831 1168 10533 24130 110753 18535 69718 22500 6671 111 1993 4567 32412 846 699 30867 13560 105 13170 285 75000 75000 111315 3625 37048 70642 7900 5204 2696 Finance Charges 74608 74608 Bad Debt Write Off 51600 51600 Donor Stewardship 31154 334 2730 28090 Program Expenses 6875 5234 1213 428 877 877 1669894 581802 538402 549690 316400 397298 1325378 1167285 185783 51418 66697 35085 0 0 5062 0 13436834 14556912 989597 1318535 16325751 17526533 177221 86198 177221 86198 X 5608759 2907196 10539771 14533139 16148530 17440335 16325751 17526533 X 536200 426667 328938 X X 0 1 X 1 0 X 1280682 2465466 1755875 4053151 1900968 11456142 1280682 2465466 1755875 4053151 1900968 11456142 1649590 9806552 224820 203478 242414 327470 226498 1224680 462763 462763 13143585 259634 0.74610 0.73190 X Schedule A, Part II, Line 10, Explanation of Other Income: Refunded grant - 2022 Amount: $ 462,763. Part II, Short Year Explanation: Part II, column 2023, is a short period from July 1, 2023 to December 31, 2023 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8570765 1162176 746713 409549 10070105 7116029 965322 672863 183449 8570765 8630210 269114 -1503342 279953 7116029 6301543 321462 2209762 202559 8630210 5931319 392123 110955 132854 6301543 0.04000 0.83000 0.13000 0 0 0 CSV of Life Insurance policies 197470 F Beneficial Interest in Charitable Remainder Trusts 1121065 F 1318535 X 8600343 426667 5967582 6394249 2206094 0 2206094 4673060 3003166 3003166 1669894 0 1669894 Part V, Line 4: The endowment consists of various funds used for scholarships and grants for educational programming. Part X, Line 2: The Foundation are exempt from income taxes under Section 501 of the Internal Revenue Code and a similar state law. The Foundation is required to file Federal Form 990 Return of Organization Exempts from Income Tax, which is an information return only. The Form 990 is subject to review and examination by federal and state authorities. The Organization believes it has appropriate support for any tax positions taken, and therefore, does not have any uncertain income tax positions that are material to the financial statements. Part XI, Line 2d - Other Adjustments: Short year return revenue adjustment 5,638,644. Change in cash surrender value of life insurance 328,938. Part XII, Line 2d - Other Adjustments: Short year return revenue adjustment 3,003,166. 1 Lambda Chi Alpha Fraternity 10 West Carmel Dr Ste 220 Carmel IN 46032 350459180 501(c)(7) 450000 0 Educational Programs 0 1 Graduate Fellowships 2 8000 Scholarships 67 73692 Part I, Line 2: Approved/Signed Fund Agreements are reviewed and the Fund or Entity Number is set-up by Time Restriction/Purpose Restriction. Once the Number is established, then the Agreement is uploaded and specifics from the Agreement is entered into the Matrix (Monday.com) for cross referencing and auditing purposes. The Fund is also entered into Fundriver with specifics from the Agreement for the same cross referencing and auditing purposes. Fundriver allows for reports that breakdown the Purpose of the Fund. The Fund is also configured and mapped in Intacct (Financial Software). When a scholarship request is submitted and approved by the CEO, then the Foundation Accountant or another Staff Member will enter a check request into Monday.com. The Foundation Accountant will check/verify the scholarship amount against the budget/approved distribution, which should match the Donor Statement sent out for the previous year end. The distribution is in accordance with the Agreement and most are 4% of the 12 Quarter Net Asset Average.Asset Average. X X 0 0 0 0 0 0 0 0 0 Dan Hartmann President & CEO 160000 0 14131 0 0 0 8112 0 28378 0 210621 0 0 0 X 6 82035 0 0 0 0 Form 990, Part VI, Section B, line 11b The Finance & Investment, Governance, and Executive Committees are given a copy of the Form 990 for review. Once it is reviewed, the return is distributed to the full board via email prior to filing. Form 990, Part VI, Section B, line 12c The Board of Directors is required to disclose any and all conflicts of interest that may have arisen over the past year at their annual meeting. Form 990, Part VI, Section B, line 15a The Board of Directors reviews the President/CEO salary and uses comparable industry data, such as other Forms 990, to determine the appropriate amount of compensation. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written or verbal request. Form 990, Part XI, line 9: Change in cash surrender value of life insurance 328,938. Form 990, Part XII, Line 2c: There were no changes in the process during the year.