2018-05-07T09:03:40-05:00 2017-06-30 351178661 Blue & Co LLC 12800 N Meridian Street Suite 400 Carmel IN 46032 990 2016-07-01 350459180 Lambda Chi Alpha Fraternity Inc LAMB 3178728000 11711 N Pennsylvania Street No 250 Carmel IN 46032 WILLIAM T FARKAS CHIEF EXECUTIVE OFFICER 3178728000 2018-03-23 1 Angela N Crawford CPA P00573197 3178488920 2018-03-23 2016 2022-09-23 18:48:47Z WILLIAM T FARKAS 11711 N Pennsylvania Street No 250 Carmel IN 46032 6339474 0 X WWW.LAMBDACHI.ORG X 1909 IN TO PROMOTE AND SUPPORT AFFILIATED CHAPTERS AND COLONIES THROUGH THE MAINTENANCE OF AN INTERNATIONAL HEADQUARTERS WHILE ALSO PRESERVING HISTORICAL DOCUMENTS, PREPARING FRATERNITY PERIODICALS AND EDUCATIONAL MATERIALS AND THE SUPPORT OF EDUCATIONAL AND RISK MANAGEMENT PROGRAMS. 15 15 0 1220 235722 58314 455000 122000 5261015 5771905 29167 25587 204326 312766 5949508 6232258 27256 9195 0 0 1982167 1936280 0 0 0 3461350 4123536 5470773 6069011 478735 163247 5629077 5716269 1179203 1093784 4449874 4622485 X TO PROMOTE AND SUPPORT AFFILIATED CHAPTERS AND COLONIES OF THE LAMBDA CHI ALPHA FRATERNITY THROUGH THE MAINTENANCE OF AN INTERNATIONAL HEADQUARTERS WHILE ALSO PRESERVING HISTORICAL DOCUMENTS, PREPARING FRATERNITY PERIODICALS AND EDUCATIONAL MATERIALS AND THE SUPPORT OF EDUCATIONAL AND RISK MANAGEMENT PROGRAMS. 0 0 RISK MANAGEMENT PROVIDES HARM REDUCTION AND LIABILITY INSURANCE. EDUCATION IS PROVIDED THROUGH PUBLICATIONS, CHAPTER VISITS AND CONFERENCES. LIABILITY COVERAGE IS PROVIDED TO CHAPTERS, MEMBERS, AND ALUMNI VOLUNTEERS THROUGH A THIRD PARTY INSURANCE AGENCY. GENERAL ASSEMBLY AND LEADERSHIP SEMINARS PROVIDE ANNUAL LEADERSHIP AND DEVELOPMENT TRAINING. LEGISLATION IS DiSCUSSED AND ENACTED IN EACH EVEN NUMBERED YEAR WITH EACH EVENT HELD IN ALTERNATING YEARS. CHAPTER SERVICE INVOLVES VISITATION TO CHAPTERS AND COLONIES BY FRATERNITY STAFF AND PERSONNEL, WHO HAVE GONE THROUGH TRAINING AND EDUCATION PRIOR TO VISITATIONS. THE VISITATIONS INCLUDE INSPECTIONS, COUNSELING AND LEADERSHIP FOR MEMBERS. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 X 16 0 1 0 1 1 0 0 0 0 778615 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 IN X X TONY ROBINSON 3178728000 11711 N PENNSYLVANIA ST SUITE 250 CARMEL IN 46032 M FLETCHER MCELREATH CHAIRMAN 3.00 X X 0 0 0 WAYNE KLASING VICE CHAIRMAN 2.00 X X 0 0 0 PETE SMITHHISLER SECRETARY 2.00 X X 0 0 0 GREGG D BEHRENS TREASURER 3.00 X X 0 0 0 JEFF STUERMAN DIRECTOR 3.00 X 0 0 0 SCOTT REIKOFSKI DIRECTOR 2.00 X 0 0 0 LENARD BENDO DIRECTOR 2.00 X 0 0 0 ERNEST VARGO DIRECTOR 2.00 X 0 0 0 DAVID LEATHERS DIRECTOR 2.00 X 0 0 0 DAVID M HUFFINE DIRECTOR 2.00 X 0 0 0 JAMES ABBOTT DIRECTOR 2.00 X 0 0 0 WADE HUSTON DIRECTOR 2.00 X 0 0 0 CONOR SAWANSTROM DIRECTOR 2.00 X 0 0 0 QUINN ANGLADA DIRECTOR 2.00 X 0 0 0 JOEY ARTEAGA DIRECTOR 2.00 X 0 0 0 WILLIAM T FARKAS CHIEF EXECUTIVE OFFICER 40.00 X 193874 0 16844 TONY ROBINSON CFO 7/25/16-Present 40.00 X 49528 0 9230 MICHELE CAMARCO CFO 1/1/16-6/30/16 40.00 X 48399 0 7387 291801 0 33461 1 0 1 0 NORTH PENNSYLVANIA ASSOCIATES LLC 11711 N PENNSYLVANIA ST STE 200 CARMEL IN 46032 PROPERTY MANGER/LEASING AGENT 183930 CYBERIAN TECHNOLOGIES 5656 W 74TH STREET INDIANAPOLIS IN 46278 IT MAINTENANCE AND SUPPORT, DISASTER REC 161810 2 122000 122000 Membership Dues & Fees 900099 2939683 2939683 Risk Management 524298 2479268 2479268 Convention Income 900099 352954 352954 5771905 19572 19572 140146 140146 1485 0 1485 1485 1485 13065 0 7050 13065 -7050 6015 13065 -7050 53650 100166 -46516 -46516 Settlements - Foundati 900099 105609 105609 LLC Ordinary Income 900099 62939 62939 Service Fee Income 900099 28377 28377 20726 20726 217651 6232258 5881586 235722 -7050 9195 335787 1146273 118352 201091 134777 20331 365 126907 3638 347024 170318 398175 1471044 190885 1059 99482 895845 Claims Reserve 198319 Program Materials 124034 Employee Education 29009 Subscriptions 23230 23871 6069011 1523944 1375101 2325652 2329843 261717 272322 10171 5043 47651 132725 790117 756885 850127 509780 220164 340347 449661 504003 5629077 5716269 62048 58116 292097 107857 825058 927811 1179203 1093784 X 4449874 4622485 4449874 4622485 5629077 5716269 X 163247 9364 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42424 17352 25072 807703 492428 315275 340347 504003 F 504003 Chapter Rehabilitation Liability 724411 Capital Lease Obligation 9103 SELF INSURED CLAIMS RESERVE 194297 927811 X 6341668 9364 9364 6332304 120 -100166 -100046 6232258 6169057 100166 100166 6068891 120 120 6069011 Part X, Line 2: THE FRATERNITY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE LAW. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. CERTAIN NONMEMBER INCOME, THAT WOULD OTHERWISE BE TAXABLE, MAY BE SET ASIDE. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET-ASIDE RESOLUTION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FRATERNITY AND RECOGNIZE A TAX LIABILITY IF THE FRATERNITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FRATERNITY, AND HAS CONCULDED THAT AS OF JUNE 30, 2017 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FRATERNITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FRATERNITY HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH JUNE 30, 2016. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). Part XI, Line 2d - Other Adjustments: CHANGE IN CSV OF LIFE INSURANCE 7,714. CHANGE IN EQUITY OF LLC 1,650. Part XI, Line 4b - Other Adjustments: COST OF GOODS SOLD -100,166. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 100,166. North America 0 0 PROGRAM SERVICES MEMBER DUES AND FEES RELATED TO THREE LAMBDA CHI ALPHA CHAPTERS. 59025 0 0 0 0 0 0 59025 0 59025 0 0 0 0 0 0 X 1 1 X X X X 0 0 0 WILLIAM T FARKAS CHIEF EXECUTIVE OFFICER 183874 0 10000 0 0 0 11775 0 5069 0 210718 0 0 0 Part I, Line 1a HEALTH OR SOCIAL CLUB DUES AND INITIATION FEES ARE PART OF THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT. THERE ARE WRITTEN PROVISIONS IN THE EMPLOYMENT CONTRACT FOR THE PAYMENT OR REIMBURSEMENT OF SUCH EXPENSES. WILLIAM T FARKAS CEO X 25000 5043 0 1 0 5043 FORM 990, PART V, LINE 2A: THE ORGANIZATION UTILIZES WORKSMART SYSTEMS, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO), AS A CO-EMPLOYER RELATIONSHIP. ALL EMPLOYEE AND EMPLOYER TAX FILINGS ARE ISSUED BY WORKSMART SYSTEMS. Form 990, Part VI, Section A, line 6 THE ORGANIZATION IS MADE UP OF MEMBERS. Form 990, Part VI, Section A, line 7a ACCORDING TO ARTICLE 3 OF THE ORGANIZATION'S CONSTITUTION, THE GENERAL ASSEMBLY SHALL BE THE CHIEF GOVERNING BODY OF THE ORGANIZATION INCLUDING IN ITS POWERS AND DUTIES ARE THE ELECTION OF THE OFFICERS OF THE GENERAL FRATERNITY. Form 990, Part VI, Section A, line 7b ACTIONS OF THE GRAND HIGH ZETA, INCLUDING RESOLUTIONS, ARE BROUGHT BEFORE THE GENERAL ASSEMBLY IN EVEN NUMBERED YEARS FOR ADOPTION BY THE MEMBERSHIP. Form 990, Part VI, Section B, line 11b THE FINANCE AND AUDIT COMMITTEES ARE GIVEN A COPY OF THE FORM 990 FOR APPROVAL. UPON APPROVAL, THE FORM IS SIGNED AND THEN DISTRIBUTED TO THE BOARD VIA E-MAIL PRIOR TO FILING. Form 990, Part VI, Section B, line 12c THE BOARD INFORMALLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY WITH VERBAL INSTRUCTION FROM THE PRESIDENT. Form 990, Part VI, Section B, line 15a THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CEO PERFORMANCE ANNUALLY, WITH INPUT FROM ALL DIRECTORS. COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section C, line 18 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1024 AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST. Form 990, Part XI, line 9: Change in CSV of Life Insurance 7,714. Change in Equity of LLC 1,650. Form 990, Part XII, Line 2c: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.