GAMMA BETA CHAPTER OF THE FRATERNITY OF ALPHA KAPPA LAMBDA

EIN: 631049763 Mutual Benefit

ATLANTA, GA

Total Revenue
$1,018,833
Total Expenses
$1,051,881
Total Assets
$1,819,122
Net Assets
$-138,227
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Financial Trends

Organization Details

Legal Domicile
AL
Principal Officer
JONATHAN COOK
Phone
4044029233
Tax Period
2023-08-01 to 2024-07-31

Alpha Kappa Lambda Gamma Beta Chapter, founded in 1993, is a small nonprofit in the Mutual Benefit sector that reported $605K in total revenue in fiscal year 2017. Revenue decreased 16% compared to the prior year. Expenses of $668K exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDED MEALS, HOUSING, AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY MEMBERS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,814
Program Service Revenue $961,802
Investment Income $217
Other Revenue $0
TOTAL REVENUE $1,018,833

Expense Breakdown

Grants Paid $56,814
Salaries & Benefits $169,715
Fundraising Expenses $0
Other Expenses $825,352
TOTAL EXPENSES $1,051,881

Year-over-Year Comparison

2023 2022 Change
Revenue $1,018,833 $858,466 +0.2%
Expenses $1,051,881 $847,581 +0.2%
Net Income $-33,048 $10,885 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
5
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IAN CHWATUK ALUM ASSOC D N/A
Officer Director
$0 $0 $0
JONATHAN COOK BOARD CHR & N/A
Officer Director
$0 $0 $0
KEVIN COOK BRD DIR OF F N/A
Officer Director
$0 $0 $0
VAL LOPEZ BRD DIRECTOR N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,018,833 $1,051,881 $1,819,122 $-33,048
2023 $858,516 $847,581 $1,917,480 $10,935
2022 $544,592 $745,832 $1,985,879 $-201,240
2021 $346,949 $442,730 $2,142,733 $-95,781
2020 $550,296 $545,368 $2,238,514 $4,928
2019 $546,566 $586,550 $2,305,385 $-39,984
2018 $605,098 $668,435 $2,413,951 $-63,337
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