Lambda Theta Phi, Latin Fraternity, Inc. was the first Latino Greek organization established at Monmouth University. Pi Chapter was founded at the university on February 28, 1993. The founding line consisted of 12 strong brothers of various ethnicities and was nicknamed "The Dirty Dozen." They were a great representation of Lambda Theta Phi's diversity and exemplified the fraternity's core values and ideals. By bringing individuals of varying backgrounds together to establish a strong fraternal organization on campus, Pi Chapter started a great tradition that has lasted many years and will continue to last for years to come.

Some of the recent achievements are Most Improved Grade Point Average, Fraternity Man of the Year and Chapter President of the Year. The success of the chapter has been accomplished by many brothers, 10 lines have crossed since Pi Chapter was founded at Monmouth University and the chapter continues to grow.