Civic Intelligence

Lambda Theta Phi Latin Fraternity Inc

990 • Fiscal year 2018 • EIN 22-3404044

Aug 01, 2017 to Jul 31, 2018 • Filed on Mar 28, 2019

C/O Sciarabba Walker 410 E UplandIthaca, NY 14850

(607) 272-5550

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)7 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)7 • <$500k nonprofits • Source year 2018

Net Margin

46th percentile

1.3%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)7 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

65th percentile

7.2%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

43%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)7 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$62,426

Up $4,189 (+7.2%) from 2017

Net Assets

Up

$62,426

Up $4,189 (+7.2%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$325,143

Up $97,822 (+43%) from 2017

Expenses

Up

$320,954

Up $77,834 (+32%) from 2017

Net Income

Up

$4,189

Up $19,988 (+127%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $55,649Liabilities 2011: $02011Assets 2013: $231,180Liabilities 2013: $02013Assets 2014: $250,610Liabilities 2014: $0Net Assets 2014: $250,6102014Assets 2015: $243,421Liabilities 2015: $0Net Assets 2015: $243,4212015Assets 2016: $74,036Liabilities 2016: $0Net Assets 2016: $74,0362016Assets 2017: $58,237Liabilities 2017: $0Net Assets 2017: $58,2372017Assets 2018: $62,426Liabilities 2018: $0Net Assets 2018: $62,4262018Assets 2019: $66,490Liabilities 2019: $0Net Assets 2019: $66,4902019Assets 2020: $183,858Liabilities 2020: $837Net Assets 2020: $183,0212020Assets 2021: $284,760Liabilities 2021: $0Net Assets 2021: $284,7602021Assets 2022: $354,729Liabilities 2022: $317Net Assets 2022: $354,4122022Assets 2023: $293,144Liabilities 2023: $0Net Assets 2023: $293,1442023Assets 2024: $163,815Liabilities 2024: $0Net Assets 2024: $163,8152024

Highlighted filing

2018

Assets$62,426
Liabilities$0
Net Assets$62,426

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $164,153Expenses 2011: $169,571Net Income 2011: -$5,4182011Revenue 2013: $420,701Expenses 2013: $410,743Net Income 2013: $9,9582013Revenue 2014: $312,721Expenses 2014: $293,291Net Income 2014: $19,4302014Revenue 2015: $305,066Expenses 2015: $312,255Net Income 2015: -$7,1892015Revenue 2016: $360,740Expenses 2016: $390,078Net Income 2016: -$29,3382016Revenue 2017: $227,321Expenses 2017: $243,120Net Income 2017: -$15,7992017Revenue 2018: $325,143Expenses 2018: $320,954Net Income 2018: $4,1892018Revenue 2019: $146,929Expenses 2019: $142,864Net Income 2019: $4,0652019Revenue 2020: $196,301Expenses 2020: $79,770Net Income 2020: $116,5312020Revenue 2021: $191,596Expenses 2021: $89,857Net Income 2021: $101,7392021Revenue 2022: $191,289Expenses 2022: $121,637Net Income 2022: $69,6522022Revenue 2023: $223,747Expenses 2023: $285,015Net Income 2023: -$61,2682023Revenue 2024: $388,529Expenses 2024: $517,858Net Income 2024: -$129,3292024

Highlighted filing

2018

Revenue$325,143
Expenses$320,954
Net Income$4,189
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Mar 28, 2019
Return Version
2017v2.3
Gross Receipts
$325,143
Mission and Program Overview

Mission

Lambda theta phi was born to promote the spirit of brotherhood, to protect the rights of latino students in his/her quest for an education, to promote the rich latino culture, and to maximize leadership potential to provide guidance to our community.

Lambda theta phi was born to promote the spirit of brotherhood, to protect the rights of latino students in his/her quest for an education, to promote the rich latino culture, and to maximize leadership potentials to provide guidance to our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,237$62,426▲ $4,189
Rtn Earn Endowment Incm Other Fnds$58,237$62,426▲ $4,189
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$58,237$62,426▲ $4,189
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$58,237$62,426▲ $4,189
Total Liabilities and Net Assets / Fund Balance$58,237$62,426▲ $4,189
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jarrod CruzExecutive DirectorFT$48,576$48,576

Board Members and Trustees

NameTitle
Henry SilvaNational President
Curtis Porter IiiNational Vice-president
Frank Lopez IiDirector of Alumni Affairs
Sergio HernandezDirector of Collegiate & a
Javier GonzalesDirector of Communications
Roberto OrozcoDirector of Community Affa
Robert ValderramaDirector of Expansion
William RamosDirector of Finance
David ContrerasDirector of Induction
Jose MarroquinDirector of Membership
Revenue and Support

Revenue Composition

Contributions and Grants
$18,714
Program Service Revenue
$306,301
Investment Income
$8
Other Revenue
$120
All Other Contributions
$18,714
Change in Net Assets
$4,189
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$272,378
Salaries, Compensation, and Employee Benefits$48,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$140,110
Current Officers, Directors, Trustees, and Key Employees---$48,576
Insurance---$31,053
Information Technology---$28,514
Travel---$20,194
Fees for Services Other---$9,311
Office Expenses---$5,968
Fees for Services Accounting---$4,698
Fees for Services Legal---$3,880
All Other Expenses---$1,832
Other Expenses---$1,664
Total Functional Expenses$0$0$0$320,954
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
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has members.

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

Members have the power to elect or appoint members of the governing board.

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

Governance decisions are subject to approval by members.

Form 990, Part VI, Section A, Line 8B

The organization does not have committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The return is sent to officers for review and distribution.

Form 990, Part VI, Section C, Line 19

The organization makes its document public upon request.

Filing and Contact Details

Filer

Filer Name
Lambda Theta Phi Latin Fraternity Inc
EIN
22-3404044
Phone
6072725550
Address
C/O SCIARABBA WALKER 410 E UPLAND, ITHACA, NY 14850

Signing Officer

Name
William Neri
Title
Director of Finance
Phone
6072725550
Signed
2019-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Neri
Formed
1975
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Carolyn Austin
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Bank fees 5,131. Affiliation fees 4,180.

Form 990, Part IX, Line 24E

Communications 790. Dining expense 717. Membership expense 225. State filing fees 100.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0NATIONAL PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1NATIONAL VICE-PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF FINANCE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS SENT TO OFFICERS FOR REVIEW AND DISTRIBUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS DOCUMENT PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK FEES 5,131. AFFILIATION FEES 4,180.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMMUNICATIONS 790. DINING EXPENSE 717. MEMBERSHIP EXPENSE 225. STATE FILING FEES 100.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt058237
IRS990/TotalAssetsEOYAmt062426
IRS990/TotalAssetsGrp/BOYAmt058237
IRS990/TotalAssetsGrp/EOYAmt062426
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt018714
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0320954
IRS990/TotalGrossUBIAmt08
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt058237
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062426
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0306301
IRS990/TotalReportableCompFromOrgAmt048576
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0306421
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0325143
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt058237
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt062426
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt020194
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
IRS990/USAddress/CityNm0ITHACA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014850
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.LAMBDA1975.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM NERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR OF FINANCE
ReturnHeader/BusinessOfficerGrp/PhoneNum06072725550
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMBDA THETA PHI LATIN FRATERNITY INC
ReturnHeader/Filer/BusinessNameControlTxt0LAMB
ReturnHeader/Filer/EIN0223404044
ReturnHeader/Filer/PhoneNum06072725550
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId008A3EB2306CA3F63B83FA0031A368A6CD48A2A09
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0507C01BEDEAB4F280F6AC90DB4DC6DECC6FC59B7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.152.125.150
ReturnHeader/FilingSecurityInformation/IPDt02019-03-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:39:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN AUSTIN
ReturnHeader/ReturnTs02019-03-28T13:39:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-08-01
ReturnHeader/TaxPeriodEndDt02018-07-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$3.89$5.18$1.29
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.93$0.00$2.93$2.24$2.85$0.61
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.00$3.54$1.91$1.22$0.70
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.00$2.85$1.92$0.90$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.84$0.01$1.83$1.96$0.80$1.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.00$0.66$1.47$1.43$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$3.25$3.21$0.04
2017Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$2.27$2.43$0.16
2016Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$3.61$3.90$0.29
2015Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$3.05$3.12$0.07
2014Summary only. Only limited summary data is available for this year.$2.51$0.00$2.51$3.13$2.93$0.19
2013Summary only. Only limited summary data is available for this year.$2.31$0.00$4.21$4.11$0.10
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$1.64$1.70$0.05