Civic Intelligence

Lxa Alumni Association Inc

EIN 82-1779169 • 501(c)7 • Shreveport LA, LA

Profile

To maintain a faternity house at louisiana state university and provide meals and housing to the active members of lambda chi alpha fraternity.

PO Box 4278Shreveport LA, LA 71134-0278

www.lsulambdachi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.98x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

2.61x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2020

Net Margin

95th percentile

53%

Higher net margin than 95% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

3.5%

Faster asset growth than 58% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

92nd percentile

64%

Faster revenue growth than 92% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$254,721

Up $8,714 (+3.5%) from 2019

Liabilities

Down

$249,580

Down $41,832 (-14%) from 2019

Net Assets

Up

$5,141

Up $50,546 (+111%) from 2019

Operations
Liabilities / Revenue98th percentileNet Margin95th percentile

Revenue

Up

$95,774

Up $37,436 (+64%) from 2019

Expenses

Down

$45,228

Down $18,185 (-29%) from 2019

Net Income

Up

$50,546

Up $55,621 (+1096%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth58th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2017: $211,523Liabilities 2017: $200,000Net Assets 2017: $11,5232017Assets 2018: $206,254Liabilities 2018: $246,586Net Assets 2018: -$40,3322018Assets 2019: $246,007Liabilities 2019: $291,412Net Assets 2019: -$45,4052019Assets 2020: $254,721Liabilities 2020: $249,580Net Assets 2020: $5,1412020

Highlighted filing

2020

Assets$254,721
Liabilities$249,580
Net Assets$5,141
Open 2020 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2017: $17,121Expenses 2017: $5,598Net Income 2017: $11,5232017Revenue 2018: $80,042Expenses 2018: $131,897Net Income 2018: -$51,8552018Revenue 2019: $58,338Expenses 2019: $63,413Net Income 2019: -$5,0752019Revenue 2020: $95,774Expenses 2020: $45,228Net Income 2020: $50,5462020

Highlighted filing

2020

Revenue$95,774
Expenses$45,228
Net Income$50,546
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$254,721
Liabilities
$249,580
Net assets
$5,141
Revenue
$95,774
Expenses
$45,228
Net income
$50,546
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$2.55$2.50$0.05$0.96$0.45$0.51
2019Detailed filing. Detailed filing data is available for this year.$2.46$2.91$0.45$0.58$0.63$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.06$2.47$0.40$0.80$1.32$0.52
2017Summary only. Only limited summary data is available for this year.$2.12$2.00$0.12$0.17$0.06$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 21, 2020
Return Version
2019v5.1
Gross Receipts
$95,774
Mission and Program Overview

Mission

To maintain a faternity house at louisiana state university and provide meals and housing to the active members of lambda chi alpha fraternity.

The lxa alumni association is an organization dedicated to providing support the active chapter of lambda chi alpha fraternity at louisiana state university. The alumni association is organized to acquire real and personal property to provide housing, dining, and social gatherings to the members to lambda chi alpha for the furtherance and promotion of the principles and ideals of lambda chi alpha fraternity. The seven core values of lambda chi alpha that the alumni association will promote are: loyaly, duty, respect, service to others, stewardship, honor,integrity, and personal courage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$240,981$229,950▼ $11,031
Cash and Non-Interest-Bearing Accounts$2,326$21,671▲ $19,345
Loans From Officers Directors$21,000$21,000→ $0
Rtn Earn Endowment Incm Other Fnds$-45,405$5,141▲ $50,546
Accounts Receivable$2,700$3,100▲ $400
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$246,007$254,721▲ $8,714
Liabilities
Unsecured Notes Loans Payable$251,153$216,199▼ $34,954
Accounts Payable and Accrued Expenses$19,259$12,381▼ $6,878
Total Liabilities$291,412$249,580▼ $41,832
Net Assets / Fund Balance
Total Net Assets Fund Balance$-45,405$5,141▲ $50,546
Total Liabilities and Net Assets / Fund Balance$246,007$254,721▲ $8,714

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$225,547$23,290-
Equipment$4,403$10,422-
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bill FountainPresident
Tom WillinghamVice President
David KellySecretary
Ron RobertsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,150
Program Service Revenue
$90,624
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,150
Change in Net Assets
$50,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,228
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
Depreciation Depletion---$14,976
Insurance---$13,052
Fees for Services Accounting---$2,400
Travel---$1,145
Office Expenses---$1,092
Interest---$392
Other Expenses---$185
All Other Expenses---$-1,905
Total Functional Expenses$0$0$0$45,228
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$21,000$21,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is provided to all board members and the preparer reviews the return with the board members.”

Form 990, Part VI, Section B, Line 12C

“All contracts are reviewed by the board.”

Form 990, Part VI, Section B, Line 15

“Officers are not compensated. The only other employee is the housemother, and she is paid market for housemothers on lsu campus. Currently there is no house mother.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Lxa Alumni Association Inc
EIN
82-1779169
Phone
3182222222
Address
PO BOX 4278, SHREVEPORT LA, LA 71134-0278

Signing Officer

Name
Ron Roberts
Title
Treasurer
Phone
3182222222
Signed
2020-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Fountain
Formed
2017
Legal Domicile
La
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1000 E PRESTON AVE STE 200, SHREVEPORT, LA 71105
Preparer
Ron Roberts
Phone
3182222222
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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/ActivityOrMissionDesc0THE LXA ALUMNI ASSOCIATION IS AN ORGANIZATION DEDICATED TO PROVIDING SUPPORT THE ACTIVE CHAPTER OF LAMBDA CHI ALPHA FRATERNITY AT LOUISIANA STATE UNIVERSITY. THE ALUMNI ASSOCIATION IS ORGANIZED TO ACQUIRE REAL AND PERSONAL PROPERTY TO PROVIDE HOUSING, DINING, AND SOCIAL GATHERINGS TO THE MEMBERS TO LAMBDA CHI ALPHA FOR THE FURTHERANCE AND PROMOTION OF THE PRINCIPLES AND IDEALS OF LAMBDA CHI ALPHA FRATERNITY. THE SEVEN CORE VALUES OF LAMBDA CHI ALPHA THAT THE ALUMNI ASSOCIATION WILL PROMOTE ARE: LOYALY, DUTY, RESPECT, SERVICE TO OTHERS, STEWARDSHIP, HONOR,INTEGRITY, AND PERSONAL COURAGE.
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt065.144.89.203
ReturnHeader/FilingSecurityInformation/IPDt02020-08-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:32:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 E PRESTON AVE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHREVEPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071105
ReturnHeader/PreparerPersonGrp/PhoneNum03182222222
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RON ROBERTS
ReturnHeader/ReturnTs02020-08-24T15:02:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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