Civic Intelligence

Gamma Phi Zeta of Lambda Chi Alpha Fraternity Inc

990 • Fiscal year 2018 • EIN 54-1597432

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

PO Box 1489Lexington, VA 24450

(540) 463-7131

Siviq Scores

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

Liabilities / Assets

76th percentile

0.11x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

17th percentile

-12%

Higher net margin than 17% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

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

Asset Growth

4th percentile

-65%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Down

$27,573

Down $50,807 (-65%) from 2017

Net Assets

Down

$24,405

Down $51,914 (-68%) from 2017

Liabilities

Up

$3,168

Up $1,107 (+54%) from 2017

Revenue

Down

$415,384

Down $75,899 (-15%) from 2017

Expenses

Down

$467,298

Down $29,468 (-5.9%) from 2017

Net Income

Down

-$51,914

Down $46,431 (-847%) from 2017

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2012: $124,296Liabilities 2012: $3,070Net Assets 2012: $121,2262012Assets 2013: $117,585Liabilities 2013: $4,186Net Assets 2013: $113,3992013Assets 2014: $118,010Liabilities 2014: $45Net Assets 2014: $117,9652014Assets 2015: $101,798Liabilities 2015: $6,786Net Assets 2015: $95,0122015Assets 2016: $83,794Liabilities 2016: $1,992Net Assets 2016: $81,8022016Assets 2017: $78,380Liabilities 2017: $2,061Net Assets 2017: $76,3192017Assets 2018: $27,573Liabilities 2018: $3,168Net Assets 2018: $24,4052018Assets 2019: $106,465Liabilities 2019: $2,097Net Assets 2019: $104,3682019Assets 2020: $101,692Liabilities 2020: $2,192Net Assets 2020: $99,5002020Assets 2021: $119,513Liabilities 2021: $4,496Net Assets 2021: $115,0172021Assets 2022: $105,612Liabilities 2022: $2,856Net Assets 2022: $102,7562022Assets 2023: $86,670Liabilities 2023: $2,581Net Assets 2023: $84,0892023Assets 2024: $81,721Liabilities 2024: $3,419Net Assets 2024: $78,3022024Assets 2025: $72,715Liabilities 2025: $3,016Net Assets 2025: $69,6992025

Highlighted filing

2018

Assets$27,573
Liabilities$3,168
Net Assets$24,405

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $441,136Expenses 2012: $418,499Net Income 2012: $22,6372012Revenue 2013: $448,993Expenses 2013: $456,820Net Income 2013: -$7,8272013Revenue 2014: $419,014Expenses 2014: $414,448Net Income 2014: $4,5662014Revenue 2015: $421,526Expenses 2015: $444,479Net Income 2015: -$22,9532015Revenue 2016: $410,771Expenses 2016: $423,981Net Income 2016: -$13,2102016Revenue 2017: $491,283Expenses 2017: $496,766Net Income 2017: -$5,4832017Revenue 2018: $415,384Expenses 2018: $467,298Net Income 2018: -$51,9142018Revenue 2019: $505,032Expenses 2019: $425,069Net Income 2019: $79,9632019Revenue 2020: $325,087Expenses 2020: $329,955Net Income 2020: -$4,8682020Revenue 2021: $331,970Expenses 2021: $316,453Net Income 2021: $15,5172021Revenue 2022: $403,953Expenses 2022: $416,214Net Income 2022: -$12,2612022Revenue 2023: $421,827Expenses 2023: $440,494Net Income 2023: -$18,6672023Revenue 2024: $401,253Expenses 2024: $407,040Net Income 2024: -$5,7872024Revenue 2025: $377,203Expenses 2025: $385,806Net Income 2025: -$8,6032025

Highlighted filing

2018

Revenue$415,384
Expenses$467,298
Net Income-$51,914
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$415,384
Mission and Program Overview

Mission

College fraternity house corporation

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$64,135$19,169▼ $44,966
Cash and Non-Interest-Bearing Accounts$14,245$8,404▼ $5,841
Total Assets$78,380$27,573▼ $50,807
Liabilities
Other Liabilities$2,061$3,168▲ $1,107
Total Liabilities$2,061$3,168▲ $1,107
Net Assets / Fund Balance
Unrestricted Net Assets$76,319$24,405▼ $51,914
Total Net Assets Fund Balance$76,319$24,405▼ $51,914
Total Liabilities and Net Assets / Fund Balance$78,380$27,573▼ $50,807
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kerry ScottBoard Presid
Edward ThompsonBoard Treasu
Alexander TurnerBaord Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$415,350
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$-51,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,050
Salaries, Compensation, and Employee Benefits$92,498
Professional Fundraising Fees$1,750
Grants and Similar Amounts Paid$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$85,824
Occupancy---$17,100
Payroll Taxes---$6,674
Fees for Services Accounting---$4,473
All Other Expenses---$3,860
Other Expenses---$2,772
Fees for Services Professional Fundraising---$1,750
Total Functional Expenses$0$0$0$467,298
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,750
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$3,168
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11B

The tax return is first reviewed by either the president or the treasurer. If no discrepancies or irregularities are noted, the return is filed. Should issues arise during the initial review, the return is subsequently forwarded to the other individual, if the issue cannot be resolved after the second review, the return is then reviewed by the entire board.

Form 990, Page 6, Part VI, Line 12C

Any cash disbursement to a board member, other than routine reimbursements for travel and incidental expenses must be approved by the board. Travel and incidental expenses must be substantiated by acceptable documentation, i.e. Receipt or similar proof of expenditure prior to reimbursement.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Gamma Phi Zeta of Lambda Chi Alpha
EIN
54-1597432
Phone
5404637131
Address
PO BOX 1489, LEXINGTON, VA 24450

Signing Officer

Name
Edward Thompson
Title
Board Treasurer
Phone
5404637131
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kerry Scott
Voting Board Members
3
Independent Board Members
3
Employees
2

Preparer

Firm
Swisher & Imler Cpas Plc
Address
PO DRAWER 1489, LEXINGTON, VA 24450
Preparer
Craig a Imler CPA
Phone
5404637131
Raw XML Appendix245 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.

Path#Value
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/NondeductibleContributionsInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS FIRST REVIEWED BY EITHER THE PRESIDENT OR THE TREASURER. IF NO DISCREPANCIES OR IRREGULARITIES ARE NOTED, THE RETURN IS FILED. SHOULD ISSUES ARISE DURING THE INITIAL REVIEW, THE RETURN IS SUBSEQUENTLY FORWARDED TO THE OTHER INDIVIDUAL, IF THE ISSUE CANNOT BE RESOLVED AFTER THE SECOND REVIEW, THE RETURN IS THEN REVIEWED BY THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY CASH DISBURSEMENT TO A BOARD MEMBER, OTHER THAN ROUTINE REIMBURSEMENTS FOR TRAVEL AND INCIDENTAL EXPENSES MUST BE APPROVED BY THE BOARD. TRAVEL AND INCIDENTAL EXPENSES MUST BE SUBSTANTIATED BY ACCEPTABLE DOCUMENTATION, I.E. RECEIPT OR SIMILAR PROOF OF EXPENDITURE PRIOR TO REIMBURSEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
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ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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.$0.73$0.03$0.70$3.77$3.86$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.82$0.03$0.78$4.01$4.07$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$4.22$4.40$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.06$0.03$1.03$4.04$4.16$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.15$3.32$3.16$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.02$1.00$3.25$3.30$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.02$1.04$5.05$4.25$0.80
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.03$0.24$4.15$4.67$0.52
2017Summary only. Only limited summary data is available for this year.$0.78$0.02$0.76$4.91$4.97$0.05
2016Summary only. Only limited summary data is available for this year.$0.84$0.02$0.82$4.11$4.24$0.13
2015Summary only. Only limited summary data is available for this year.$1.02$0.07$0.95$4.22$4.44$0.23
2014Summary only. Only limited summary data is available for this year.$1.18$0.00$1.18$4.19$4.14$0.05
2013Summary only. Only limited summary data is available for this year.$1.18$0.04$1.13$4.49$4.57$0.08
2012Summary only. Only limited summary data is available for this year.$1.24$0.03$1.21$4.41$4.18$0.23