XI Phi Lambda Chapter of Alpha Phi Alpha Fraternity Inc

EIN: 825303064 501(c)(3) Education

Summerville, SC

Total Revenue
$138,888
Total Expenses
$88,253
Total Assets
$138,239
Net Assets
$136,739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Tax Period
2024-11-01 to 2025-10-31

XI Phi Lambda Chapter of Alpha Phi Alpha Fraternity Inc is a small nonprofit in the Education sector that reported $139K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 36% operating margin.

Mission

The Alpha Excellence Foundation, associated with the Xi Phi Lambda Chapter of Alpha Phi Alpha Fraternity, Inc., is dedicated to supportingeducational and leadership development programs within the community. The chapter actively engages in community service, leadershipdevelopment, and educational initiatives, embodying the fraternity's mission. The Alpha Excellence Foundation, supports educational and leadershipdevelopment programs. A signature event associated with this foundation is the annual Black Ice Gala, organized by the Xi Phi Lambda Chapter toraise funds for scholarships and community programs. Additionally, the chapter hosts the Martin Luther King, Jr. Oratorical Competition, encouragingyouth to engage in public speaking on themes of freedom, justice, and democracy. These activities align with the fraternity's broader mission todevelop leaders and promote academic excellence.

Program Service Accomplishments

Program 1
Expenses: $53,110 Revenue: $102,395

The Alpha Excellence Foundation 1906 Scholarship seeks to empower and support the academic pursuits of promising African American high school male seniors thatembody the principles of leadership...

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The Alpha Excellence Foundation 1906 Scholarship seeks to empower and support the academic pursuits of promising African American high school male seniors thatembody the principles of leadership, scholarship, and service. The scholarship aims to recognize and award outstanding achievements, fostering educationalexcellence within the community. By investing in the educational aspirations of deserving students, the Alpha Excellence Foundation seeks to contribute to thedevelopment of future leaders who will make meaningful contributions to society. Number/Amount of Awards: 3 @ $1906 each

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $138,888
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $138,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,153
Program Expenses $79,585
Other Expenses $88,253
TOTAL EXPENSES $88,253

Year-over-Year Comparison

2024 2023 Change
Revenue $138,888 N/A N/A
Expenses $88,253 N/A N/A
Net Income $50,635 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
79

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth Wilson Financial Secretary 5
$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
2025 $138,888 $88,253 $138,239 $50,635
2024 $101,780 $24,594 $95,429 $77,186
2024 $138,888 $88,253 $138,239 $50,635
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