Civic Intelligence

Friends of the Lambda Phi Chapter of the Alpha Delta Phi Fraternity Inc

990 • Fiscal year 2015 • EIN 04-2607157

Jun 01, 2014 to May 31, 2015 • Filed on Apr 11, 2016

PO Box 426097Cambridge, MA 02142

(267) 350-6541

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.27x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.91x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Net Margin

83rd percentile

20%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Asset Growth

3rd percentile

-15%

Faster asset growth than 3% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

5th percentile

-26%

Faster revenue growth than 5% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,629,607

Down $291,679 (-15%) from 2014

Net Assets

Down

$1,186,306

Down $409,659 (-26%) from 2014

Liabilities

Up

$443,301

Up $117,980 (+36%) from 2014

Revenue

Down

$489,662

Down $174,623 (-26%) from 2014

Expenses

Up

$390,080

Up $51,396 (+15%) from 2014

Net Income

Down

$99,582

Down $226,019 (-69%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,199,928Liabilities 2010: $238,889Net Assets 2010: $961,0392010Assets 2011: $1,309,857Liabilities 2011: $234,813Net Assets 2011: $1,075,0442011Assets 2012: $1,356,622Liabilities 2012: $198,945Net Assets 2012: $1,157,6772012Assets 2013: $1,433,757Liabilities 2013: $163,393Net Assets 2013: $1,270,3642013Assets 2014: $1,921,286Liabilities 2014: $325,321Net Assets 2014: $1,595,9652014Assets 2015: $1,629,607Liabilities 2015: $443,301Net Assets 2015: $1,186,3062015Assets 2016: $1,747,720Liabilities 2016: $461,446Net Assets 2016: $1,286,2742016Assets 2017: $2,408,745Liabilities 2017: $1,039,982Net Assets 2017: $1,368,7632017Assets 2018: $2,427,029Liabilities 2018: $993,413Net Assets 2018: $1,433,6162018Assets 2021: $2,507,218Liabilities 2021: $878,593Net Assets 2021: $1,628,6252021Assets 2022: $2,575,070Liabilities 2022: $853,246Net Assets 2022: $1,721,8242022Assets 2023: $2,632,724Liabilities 2023: $827,129Net Assets 2023: $1,805,5952023Assets 2024: $2,820,091Liabilities 2024: $800,915Net Assets 2024: $2,019,1762024Assets 2025: $2,929,497Liabilities 2025: $774,702Net Assets 2025: $2,154,7952025

Highlighted filing

2015

Assets$1,629,607
Liabilities$443,301
Net Assets$1,186,306

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $470,705Expenses 2010: $368,559Net Income 2010: $102,1462010Expenses 2011: $336,2402011Expenses 2012: $374,8392012Revenue 2013: $442,331Expenses 2013: $333,649Net Income 2013: $108,6822013Revenue 2014: $664,285Expenses 2014: $338,684Net Income 2014: $325,6012014Revenue 2015: $489,662Expenses 2015: $390,080Net Income 2015: $99,5822015Revenue 2016: $450,625Expenses 2016: $350,657Net Income 2016: $99,9682016Revenue 2017: $467,345Expenses 2017: $384,829Net Income 2017: $82,5162017Revenue 2018: $433,592Expenses 2018: $368,739Net Income 2018: $64,8532018Revenue 2021: $155,030Expenses 2021: $271,392Net Income 2021: -$116,3622021Revenue 2022: $406,850Expenses 2022: $241,307Net Income 2022: $165,5432022Revenue 2023: $388,502Expenses 2023: $278,767Net Income 2023: $109,7352023Revenue 2024: $376,285Expenses 2024: $289,739Net Income 2024: $86,5462024Revenue 2025: $468,978Expenses 2025: $390,246Net Income 2025: $78,7322025

Highlighted filing

2015

Revenue$489,662
Expenses$390,080
Net Income$99,582
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Apr 11, 2016
Return Version
2014v6.0
Gross Receipts
$532,329
Mission and Program Overview

Mission

The corporation is organized exclusively for pleasure, recreation and other non-profitable purposes, within the meaning of section 501(c) (7) of the internal revenue code, including, without limitation, the fraternity has a membership class that is comprised of the chapter's alumni. The membership rolls increase as students graduate and become alumni. The members elect the board of trustees but have no oversight or supervision over the decisions of the board of directors.

Provide room, board, social and educational programs for the lambda phi chapter of the alpha delta phi fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,086,724$1,186,306▲ $99,582
Land, Buildings, and Equipment, Net$304,179$792,782▲ $488,603
Savings and Temporary Cash Investments$706,708$748,195▲ $41,487
Cash and Non-Interest-Bearing Accounts$177,253$73,783▼ $103,470
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,412,045$1,629,607▲ $217,562
Other Assets Total$223,905$14,847▼ $209,058
Liabilities
Mortgage Notes Payable Secured by Investment Property$325,321$443,301▲ $117,980
Total Liabilities$325,321$443,301▲ $117,980
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,086,724$1,186,306▲ $99,582
Total Liabilities and Net Assets / Fund Balance$1,412,045$1,629,607▲ $217,562

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$777,302$578,623$1,355,925
Other Land Buildings$8,080$20,310$28,390
Equipment$7,400$11,873$19,273
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr Mark T ThompsonDirector/chairman
Mr Stephen BergsteinDirector/president
Mr Paul RamosDirector/vice President
Mr Alex SiegenfeldDirector
Mr George GruetzmacherDirector
Mr Hayk YegoryanDirector
Mr Jonathan RoggDirector
Mr Ryan DaspitDirector
Mr Tom LeeDirector
Mr Laugton M StanleyDirector/director of Facil
Mr Stanley GillDirector/secretary
Mr Timothy GortonDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,600
Program Service Revenue
$409,953
Investment Income
$289
Other Revenue
$28,820
All Other Contributions
$50,600
Change in Net Assets
$99,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,080
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$177,202
Depreciation Depletion---$17,263
Other Expenses---$549
Office Expenses---$218
All Other Expenses---$63
Total Functional Expenses$0$0$0$390,080
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The fraternity has a membership class that is comprised of the chapter's alumni. The membership rolls increase as students graduate and become alumni. The members elect the board of trustees, but have no oversight or supervision over the decisions of the board of directors.

Form 990, Part VI, Section A, Line 7A

The fraternity has a membership class that is comprised of the chapter's alumni. The membership rolls increase as students graduate and become alumni. The members elect the board of trustees, but have no oversight or supervision over the decisions of the board of directors.

Form 990, Part VI, Section B, Line 11

The fraternity's form 990 is prepared by a local accounting firm in conjunction with the fraternity's finance personnel. Upon completion, the form 990 is distributed to the full board of trustees for review and comment. Once finalized, the form 990 is filed electronically with the internal revenue service.

Form 990, Part VI, Section C, Line 18

The organization's form 990 is available upon request at the organization's place of business and on www. Guidestar.org.

Form 990, Part VI, Section C, Line 19

The organization's form 990 is available upon request at the organization's place of business and on www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Friends of the Lambda Phi Chapter of the
EIN
04-2607157
Phone
2673506541
Address
PO BOX 426097, CAMBRIDGE, MA 02142

Signing Officer

Name
Timothy Gorton
Title
Treasurer
Phone
2673506541
Signed
2016-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Gorton
Formed
1978
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Grandmaison & Tripoli Llp
Address
7 FEDERAL STREET, DANVERS, MA 01923
Preparer
Michael G Grandmaison
Phone
9787776122
Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01086724
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01186306
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0706708
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0748195
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0777302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0578623
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01355925
IRS990ScheduleD/EquipmentGrp/BookValueAmt07400
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019273
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08080
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020310
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028390
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0792782
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY HAS A MEMBERSHIP CLASS THAT IS COMPRISED OF THE CHAPTER'S ALUMNI. THE MEMBERSHIP ROLLS INCREASE AS STUDENTS GRADUATE AND BECOME ALUMNI. THE MEMBERS ELECT THE BOARD OF TRUSTEES, BUT HAVE NO OVERSIGHT OR SUPERVISION OVER THE DECISIONS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FRATERNITY HAS A MEMBERSHIP CLASS THAT IS COMPRISED OF THE CHAPTER'S ALUMNI. THE MEMBERSHIP ROLLS INCREASE AS STUDENTS GRADUATE AND BECOME ALUMNI. THE MEMBERS ELECT THE BOARD OF TRUSTEES, BUT HAVE NO OVERSIGHT OR SUPERVISION OVER THE DECISIONS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FRATERNITY'S FORM 990 IS PREPARED BY A LOCAL ACCOUNTING FIRM IN CONJUNCTION WITH THE FRATERNITY'S FINANCE PERSONNEL. UPON COMPLETION, THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND COMMENT. ONCE FINALIZED, THE FORM 990 IS FILED ELECTRONICALLY WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S PLACE OF BUSINESS AND ON WWW. GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S PLACE OF BUSINESS AND ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01412045
IRS990/TotalAssetsEOYAmt01629607
IRS990/TotalAssetsGrp/BOYAmt01412045
IRS990/TotalAssetsGrp/EOYAmt01629607
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt050600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0390080
IRS990/TotalGrossUBIAmt028123
IRS990/TotalLiabilitiesBOYAmt0325321
IRS990/TotalLiabilitiesEOYAmt0443301
IRS990/TotalLiabilitiesGrp/BOYAmt0325321
IRS990/TotalLiabilitiesGrp/EOYAmt0443301
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01086724
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01186306
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0409953
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0410939
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0489662
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt028123
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01412045
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01629607
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 426097
IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002142
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY GORTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02673506541
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF THE LAMBDA PHI CHAPTER OF THE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALPHA DELTA PHI FRATERNITY INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0042607157
ReturnHeader/Filer/PhoneNum02673506541
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 426097
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002142
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043072365
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRANDMAISON & TRIPOLI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 FEDERAL STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANVERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001923
ReturnHeader/PreparerPersonGrp/PhoneNum09787776122
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL G GRANDMAISON
ReturnHeader/ReturnTs02016-04-18T14:52:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.93$0.77$2.15$0.47$0.39$0.08
2024Detailed filing. Detailed filing data is available for this year.$2.82$0.80$2.02$0.38$0.29$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.63$0.83$1.81$0.39$0.28$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.58$0.85$1.72$0.41$0.24$0.17
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.88$1.63$0.16$0.27$0.12
2018Detailed filing. Detailed filing data is available for this year.$2.43$0.99$1.43$0.43$0.37$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.41$1.04$1.37$0.47$0.38$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.46$1.29$0.45$0.35$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.44$1.19$0.49$0.39$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.92$0.33$1.60$0.66$0.34$0.33
2013Summary only. Only limited summary data is available for this year.$1.43$0.16$1.27$0.44$0.33$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.20$1.16$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.23$1.08$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.24$0.96$0.47$0.37$0.10