Overview
What is Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc?
Friends of the Lambda Phi Chapter of Alpha Delta Phi Fraternity Inc is a nonprofit organization situated in Cambridge, Massachusetts. Its primary mission is to support the Lambda Phi Chapter of Alpha Delta Phi Fraternity by providing them with housing, social, and educational programs. The organization operates under Section 501(c)(7) of the Internal Revenue Code, focusing on promoting the welfare of the Massachusetts Institute of Technology and the interests of the Alpha Delta Phi Fraternity through its Lambda Phi Chapter. They contribute to the well-being of the fraternity members by offering a conducive living environment and fostering educational opportunities.
Is Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc legitimate?
Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc?
The mission of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc is primarily focused on supporting the Lambda Phi Chapter of Alpha Delta Phi Fraternity at the Massachusetts Institute of Technology. This organization operates with the purpose of providing facilities, accommodations, and educational programs for the fraternity members, falling under the category of non-profit activities as per Section 501(C)(7) of the Internal Revenue Code. More specifically, they strive to promote the welfare of the Massachusetts Institute of Technology and further the interests of Alpha Delta Phi Fraternity through its Lambda Phi Chapter. Their activities are aimed at enhancing the overall well-being of the fraternity members, fostering camaraderie, and contributing to the fraternity's growth and development.
What is the revenue of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc?
Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc's revenue in 2024 was $376,285.
Who are the executives of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc and what are their salaries?
There 12 volunteers at Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc.
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Where can I find the form 990 for Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc?
Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc
Friends of the Lambda Phi Chapter of the Alpha Delta Phi Fraternity Inc is an organization with a mission to provide a conducive environment for the Lambda Phi Chapter of the Alpha Delta Phi Fraternity. This non-profit entity is dedicated to promoting pleasure, recreation, and other non-profit activities, as per Section 501(C)(7) of the Internal Revenue Code. Its objectives extend beyond mere entertainment and include the betterment of the Massachusetts Institute of Technology and the interest of the Alpha Delta Phi Fraternity through its Lambda Phi Chapter at the Massachusetts Institute of Technology. The corporation's primary role is to support the Lambda Phi Chapter of the Alpha Delta Phi Fraternity at the Massachusetts Institute of Technology, ensuring their well-being and fostering the fraternity's interests.
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Impact
October, 2024
Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc significantly enriches the collegiate experience for its members by providing essential room and board, along with targeted social and educational programs. By focusing on the welfare of students at the Massachusetts Institute of Technology, the organization fosters a supportive environment where members can thrive academically and socially.
The organization’s commitment to creating meaningful social interactions and educational opportunities helps cultivate leadership skills, teamwork, and personal development among fraternity members. Through its various programs, it encourages engagement with the larger MIT community, aiding in personal growth while promoting the values of the Alpha Delta Phi Fraternity.
Overall, Friends Of The Lambda Phi Chapter plays a pivotal role in enhancing the lives of its members, helping them form lifelong connections and providing a foundation for their future endeavors.
This information is meant to be a general summary of Friends Of The Lambda Phi Chapter Of The Alpha Delta Phi Fraternity Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $47,814
- Program Service Revenue: $139,191
- Gross Receipts: $575,876
Assets and Liabilities:
- Total Assets: $2,575,070
- Total Liabilities: $853,246
- Net Assets: $1,721,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES/HOUSE BILLS
Revenue
$139,191
Organization Details
Founding Year
1978
Principal Officer
Mathew George
NTEE Category
Code: B83 - Education
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