Friends of the Lambda Phi Chapter of the Alpha Delta Phi Fraternity I

Revenue, expenses, and employee compensationIRS Form 990 totals for revenue, expenses, and employee compensation (salaries, other compensation, and employee benefits).

No compensated employees were reported for this year (employee data available for 2023).

Mission Statement

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR PLEASURE, RECREATION AND OTHER NON-PROFITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C) (7) OF THE INTERNAL REVENUE CODE, INCLUDING, WITHOUT LIMITATION, THE FRATERNITY HAS A MEMBERSHIP CLASS THAT IS COMPRISED OF THE CHAPTER'S ALUMNI. THE MEMBERSHIP ROLLS INCREASE AS STUDENTS GRADUATE AND BECOME ALUMNI. THE MEMBERS ELECT THE BOARD OF TRUSTEES BUT HAVE NO OVERSIGHT OR SUPERVISION OVER THE DECISIONS OF THE BOARD OF DIRECTORS.