Overview
What is Lambda Chi Alpha Educational Foundation Inc?
Lambda Chi Alpha Educational Foundation Inc, located at 10 WEST CARMEL DRIVE STE 220, Carmel, IN 46032, is a nonprofit organization dedicated to supporting the educational growth and development of Lambda Chi Alpha, a men's service learning and leadership organization. Their mission is to invest in various educational initiatives, which include values-based leadership education, personal and communication skills, understanding of current social issues, and educational components of student housing. The foundation aims to transform Lambda Chi Alpha into a leading organization in these areas, employing a team of seven individuals to carry out its mission.
Official website here: www.lambdachi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Lambda Chi Alpha Educational Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas. With an overall score of 74%, the foundation shows strong governance practices, reflected in its perfect scores for board independence and structure. However, substantial issues are noted in financial transparency, as indicated by a zero score in financial statements.
While the foundation demonstrates solid accountability mechanisms, the low program expense ratio suggests that a significant portion of its resources may not be directed towards its mission-driven programs. This raises concerns about the effectiveness of its operations and how funding is utilized. The fundraising efficiency is relatively better, which shows some promise in their ability to generate support.
Overall, while the foundation has strengths in governance and financial management practices, significant improvements are needed in program expenditures to enhance its impact and operational effectiveness. Potential donors and stakeholders may want to consider these factors when evaluating the foundation's contributions to its stated mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lambda Chi Alpha Educational Foundation Inc legitimate?
Lambda Chi Alpha Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lambda Chi Alpha Educational Foundation 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:
Executive Compensation: $206,046
Professional Fundraising Fees: $61,758
Other Salaries and Wages: $273,470
For more financial information, click here
Official website here: www.lambdachi.org
What is the mission statement of Lambda Chi Alpha Educational Foundation Inc?
The Lambda Chi Alpha Educational Foundation Inc's mission is to support and invest in the educational growth of Lambda Chi Alpha, aiming to transform it into a leading organization for service learning and leadership development among men. Through educational programs and grants, they focus on developing values-based leadership education, enhancing personal and communication skills, fostering understanding of current social issues, and providing educational components for student housing.
Official website here: www.lambdachi.org
Who is the CEO of Lambda Chi Alpha Educational Foundation Inc?
Tony Robinson is the Chairman of Lambda Chi Alpha Educational Foundation Inc. The CEO's salary of Lambda Chi Alpha Educational Foundation Inc is $151,335 and their total compensation is $180,168.
Official website here: www.lambdachi.org
What is the revenue of Lambda Chi Alpha Educational Foundation Inc?
Lambda Chi Alpha Educational Foundation Inc's revenue in 2022 was $2,000,274.
Official website here: www.lambdachi.org
Who are the executives of Lambda Chi Alpha Educational Foundation Inc and what are their salaries?
The average compensation at Lambda Chi Alpha Educational Foundation Inc during 2022 was $68,502. There are 7 employees and 200 volunteers at Lambda Chi Alpha Educational Foundation Inc.
Here are 21 key members and their salaries (Lambda Chi Alpha Educational Foundation Inc's CEO's salary is $151,335 and their total compensation is $180,168):
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Official website here: www.lambdachi.org
Where can I find the form 990 for Lambda Chi Alpha Educational Foundation Inc?
Lambda Chi Alpha Educational Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lambdachi.org
Learn more at the official website: www.lambdachi.org
Mission Statement of Lambda Chi Alpha Educational Foundation Inc
Lambda Chi Alpha Educational Foundation Inc is committed to investing in the continuous educational growth of Lambda Chi Alpha, with the ultimate goal of transforming it into a leading organization for men's service learning and leadership development. This mission involves channeling resources into various educational programs and grants, focusing on values-based leadership education, the enhancement of personal and communication skills, understanding of contemporary social issues, and the educational components of student housing. By doing so, Lambda Chi Alpha Educational Foundation Inc aims to foster the development of well-rounded individuals who can make a significant impact in their communities and beyond.
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Impact
October, 2024
Lambda Chi Alpha Educational Foundation Inc significantly enhances educational opportunities for its members, focusing on values-based leadership education and essential personal and communication skills. By providing scholarships and grants, it empowers individuals to engage deeply with contemporary social issues, fostering a generation of informed and responsible leaders.
The Foundation's commitment to education extends beyond traditional learning environments, supporting programs that improve understanding of current challenges and encouraging active participation in service learning. This multifaceted approach not only enriches the personal development of members but also strengthens the overall impact of Lambda Chi Alpha as a premier organization dedicated to leadership and service. Through these investments, the Foundation plays a vital role in shaping future leaders who are equipped to address societal needs and contribute positively to their communities.
This information is meant to be a general summary of Lambda Chi Alpha Educational Foundation 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: $242,239
- Program Service Revenue: $2,160
- Gross Receipts: $2,683,043
Assets and Liabilities:
- Total Assets: $13,613,254
- Total Liabilities: $100,202
- Net Assets: $13,513,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION INCOME
Revenue
$2,160
Organization Details
Founding Year
1955
Phone
(317) 872-8000Principal Officer
Tony Robinson
Main Address
10 WEST CARMEL DRIVE STE 220, CARMEL, IN, 46032
Website
www.lambdachi.orgNTEE Category
Code: B83I - Education
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