Civic Intelligence

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

990 • Fiscal year 2024 • EIN 04-2607157

Jun 01, 2023 to May 31, 2024 • Filed on Apr 08, 2025

Organization ProfileN/A
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

64th percentile

0.28x

Higher debt load relative to assets than 64% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

2.13x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Net Margin

82nd percentile

23%

Higher net margin than 82% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2024 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2024

Asset Growth

69th percentile

7.1%

Faster asset growth than 69% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-3.1%

Faster revenue growth than 22% of similar nonprofits.

2024 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$2,820,091

Up $187,367 (+7.1%) from 2023

Net Assets

Up

$2,019,176

Up $213,581 (+12%) from 2023

Liabilities

Down

$800,915

Down $26,214 (-3.2%) from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin82nd percentile

Revenue

Down

$376,285

Down $12,217 (-3.1%) from 2023

Expenses

Up

$289,739

Up $10,972 (+3.9%) from 2023

Net Income

Down

$86,546

Down $23,189 (-21%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

2024

Assets$2,820,091
Liabilities$800,915
Net Assets$2,019,176
Open 2024 Filing

Operations Trend

Revenue Growth22nd percentile

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

2024

Revenue$376,285
Expenses$289,739
Net Income$86,546
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 8, 2025
Return Version
2023v6.0
Gross Receipts
$575,876
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.

To 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$1,805,595$2,019,176▲ $213,581
Land, Buildings, and Equipment, Net$1,186,489$1,149,438▼ $37,051
Investments in Publicly Traded Securities$870,089$1,031,478▲ $161,389
Savings and Temporary Cash Investments$364,448$437,853▲ $73,405
Cash and Non-Interest-Bearing Accounts$180,005$169,629▼ $10,376
Total Assets$2,632,724$2,820,091▲ $187,367
Other Assets Total$31,693$31,693→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$827,129$800,915▼ $26,214
Total Liabilities$827,129$800,915▼ $26,214
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,805,595$2,019,176▲ $213,581
Total Liabilities and Net Assets / Fund Balance$2,632,724$2,820,091▲ $187,367

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,088,134$935,363$2,023,497
Equipment$61,304$37,814$99,118
Other Land Buildings-$52,219$52,219
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Mathew GeorgeChairman, Di
Mr Ryan DaspitPresident, D
-Director
-Director of
-Secretary, D
-Treasurer, D
-Vice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$72,647
Program Service Revenue
$139,191
Investment Income
$47,814
Other Revenue
$116,633
All Other Contributions
$72,647
Change in Net Assets
$86,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,739
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---$92,757
Depreciation Depletion---$13,453
Other Expenses---$5,635
All Other Expenses---$3,929
Fees for Services Accounting---$2,525
Office Expenses---$195
Total Functional Expenses$0$0$0$289,739
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 6

“The organization is organized with members.”

Form 990, Page 6, Part VI, Line 7A

“The members elect the board of trustees.”

Form 990, Page 6, Part VI, 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, Page 6, Part VI, 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
EIN
04-2607157
Phone
2673506541
Address
PO BOX 426097, CAMBRIDGE, MA 02142

Signing Officer

Name
Mathew George
Title
Treasurer, Director
Phone
2673506541
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mathew George
Formed
1978
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Jill Peabody CPA LLC
Address
120 WATER ST SUITE 210, NORTH ANDOVER, MA 01845
Preparer
Jill Peabody
Phone
9786530222
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 24,092 ubti depreciaiton repored on 990-t -24,092”

Raw XML Appendix357 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/Form990PartVIISectionAGrp/TitleTxt2VICE-PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY, D
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02019176
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0437853
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01088134
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0935363
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IRS990ScheduleD/EquipmentGrp/BookValueAmt061304
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037814
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099118
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt052219
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt052219
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01149438
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS ORGANIZED WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE ORGANIZATION'S FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATION'S PLACE OF BUSINESS AND ON WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE 24,092 UBTI DEPRECIAITON REPORED ON 990-T -24,092
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalProgramServiceRevenueAmt0139191
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139191
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0376285
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0164447
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IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0MA
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IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATHEW GEORGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER, DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02673506541
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF THE LAMBDA PHI CHAPTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF THE ALPHA DELTA PHI FRATERNITY I
ReturnHeader/Filer/BusinessNameControlTxt0LAMB
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832980791
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JILL PEABODY CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 WATER ST SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH ANDOVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001845
ReturnHeader/PreparerPersonGrp/PhoneNum09786530222
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JILL PEABODY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-08T21:24:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-01
ReturnHeader/TaxPeriodEndDt02024-05-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,820,091
Liabilities
$800,915
Net assets
$2,019,176
Revenue
$376,285
Expenses
$289,739
Net income
$86,546
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