Civic Intelligence

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

990 • Fiscal year 2017 • EIN 04-2607157

Jun 01, 2016 to May 31, 2017 • Filed on Feb 28, 2018

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

66th percentile

0.43x

Higher debt load relative to assets than 66% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

2.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

95th percentile

38%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

3.7%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,408,745

Up $661,025 (+38%) from 2016

Net Assets

Up

$1,368,763

Up $82,489 (+6.4%) from 2016

Liabilities

Up

$1,039,982

Up $578,536 (+125%) from 2016

Revenue

Up

$467,345

Up $16,720 (+3.7%) from 2016

Expenses

Up

$384,829

Up $34,172 (+9.7%) from 2016

Net Income

Down

$82,516

Down $17,452 (-17%) from 2016

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

2017

Assets$2,408,745
Liabilities$1,039,982
Net Assets$1,368,763

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

2017

Revenue$467,345
Expenses$384,829
Net Income$82,516
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Feb 28, 2018
Return Version
2016v3.0
Gross Receipts
$550,801
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$1,286,274$1,368,763▲ $82,489
Land, Buildings, and Equipment, Net$831,520$1,344,742▲ $513,222
Investments in Publicly Traded Securities$503,734$520,237▲ $16,503
Savings and Temporary Cash Investments$254,170$408,128▲ $153,958
Cash and Non-Interest-Bearing Accounts$79,204$120,791▲ $41,587
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,747,720$2,408,745▲ $661,025
Other Assets Total$79,092$14,847▼ $64,245
Liabilities
Mortgage Notes Payable Secured by Investment Property$461,446$1,039,982▲ $578,536
Total Liabilities$461,446$1,039,982▲ $578,536
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,286,274$1,368,763▲ $82,489
Total Liabilities and Net Assets / Fund Balance$1,747,720$2,408,745▲ $661,025

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,284,501$661,234$1,945,735
Equipment$54,787$15,484$70,271
Other Land Buildings$5,454$22,936$28,390
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 Jonathan RoggDirector
Mr Ryan DaspitDirector
Mr Tom LeeDirector
Mr Jameson NashDirector/assistant Treasurer
Mr Laughton M StanleyDirector/director of Facil
Mr Stanley GillDirector/secretary
Mr Timothy GortonDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,756
Program Service Revenue
$358,238
Investment Income
$16,557
Other Revenue
$54,794
All Other Contributions
$37,756
Change in Net Assets
$82,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,829
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---$113,082
Depreciation Depletion---$31,937
Other Expenses---$11,549
All Other Expenses---$10,601
Fees for Services Accounting---$1,810
Total Functional Expenses$0$0$0$384,829
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 11B

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
2018-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jameson Nash
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 Appendix378 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/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0450625
IRS990/ReconcilationRevenueExpnssAmt082516
IRS990/RelatedEntityInd00
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IRS990/RentalIncomeOrLossGrp/RealAmt050794
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022936
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028390
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01344742
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 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt02408745
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0467345
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt067351
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02408745
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY GORTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02673506541
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-28
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F975AE3FE03B5FA1722CB2444698DB8942160590
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F975AE3FE03B5FA1722CB2444698DB8942160590
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.28.64.112
ReturnHeader/FilingSecurityInformation/IPDt02018-02-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm018:23:57
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/PreparationDt02018-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL G GRANDMAISON
ReturnHeader/ReturnTs02018-03-10T14:06:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

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
Peer Organizations

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