Overview
What is Lambda Zeta Associates Inc?
Lambda Zeta Associates Inc, based in Lexington, Massachusetts, is a nonprofit organization primarily known for its commitment to maintaining an urban fraternity house that has stood for over a century. Their primary mission is to oversee and maintain a fraternity house for an undergraduate fraternity at the Massachusetts Institute of Technology (MIT). This endeavor involves ensuring the upkeep of this historical building, providing a home for the fraternity members during their time at MIT. The organization's efforts contribute to fostering a sense of community and tradition within the academic institution.
Is Lambda Zeta Associates Inc legitimate?
Lambda Zeta Associates Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lambda Zeta Associates 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.
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What is the mission statement of Lambda Zeta Associates Inc?
Lambda Zeta Associates Inc is an organization committed to maintaining a fraternity house for an undergraduate fraternity. Their primary objective is to ensure the ownership and upkeep of this urban fraternity residence, which has a rich history of over a century. The association's role is crucial in providing a suitable living space for the fraternity members at the Massachusetts Institute of Technology.
Who is the CEO of Lambda Zeta Associates Inc?
David Chanoux is the President of Lambda Zeta Associates Inc.
What is the revenue of Lambda Zeta Associates Inc?
Lambda Zeta Associates Inc's revenue in 2022 was $126,708.
Who are the executives of Lambda Zeta Associates Inc and what are their salaries?
There 6 volunteers at Lambda Zeta Associates Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Lambda Zeta Associates Inc?
Lambda Zeta Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lambda Zeta Associates Inc
Lambda Zeta Associates Inc, a nonprofit organization, is dedicated to maintaining a fraternity house for an undergraduate fraternity at the Massachusetts Institute of Technology (MIT). Their mission is centered around preserving and upkeeping this urban fraternity residence, which boasts a rich history of over a century. The organization's primary role is to ensure the fraternity has a suitable living space, providing essential upkeep and upgrades as necessary.
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Impact
October, 2024
Lambda Zeta Associates Inc plays a vital role in supporting the undergraduate fraternity experience at the Massachusetts Institute of Technology (MIT) by owning and maintaining a historic urban fraternity house over 100 years old. The organization ensures that the facility provides a safe and conducive environment for social and educational activities, fostering a sense of community among students. By preserving this historic landmark, Lambda Zeta Associates also contributes to the cultural and architectural heritage of the area, enhancing the overall educational experience for fraternity members and promoting engagement in campus life. This commitment not only facilitates personal development and collaboration among students but also strengthens the broader MIT fraternity and sorority community.
This information is meant to be a general summary of Lambda Zeta Associates 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 2022.
- Investment Income: $8,208
- Program Service Revenue: $118,500
- Gross Receipts: $126,708
Assets and Liabilities:
- Total Assets: $804,451
- Total Liabilities: $403,422
- Net Assets: $401,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FRATERNITY HOUSE
Revenue
$118,500
Organization Details
Founding Year
1957
Phone
(339) 223-2249Principal Officer
David Chanoux
Main Address
46 HANCOCK STREET, LEXINGTON, MA, 02420
NTEE Category
Code: B83 - Education
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