Pi Lambda Phi Fraternity FY2021 filing

Malden, MA501(c)(7)EIN 04-2721968Revenue $49K in FY2021

On file with the IRS374 Lebanon St, 02148-1729 · Malden, MATax-exempt since Mar 1941

This page gets seen. Tell your story. Claim this org.

Maintain facilities to house the Massachusetts Theta chapter of Pi Lambda Phi fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $17K a year · 19% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$138K
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
Spent
$153K
To programs
0%
Net assets
$2K
By yearFY2021–FY2025
Revenue
$49K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$49K
FY2022$92K
FY2023$88K
FY2024$104K
FY2025$117K
Expenses
$153K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$153K
FY2022$90K
FY2023$107K
FY2024$68K
FY2025$116K
Net assets
$2K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2K
FY2022$4K
FY2023−$15K
FY2024$21K
FY2025$22K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1941.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pi Lambda Phi Fraternity executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Maintains facilities to house a fraternity chapter.

Questions for Pi Lambda Phi Fraternity

Tap to ask. Pi Lambda Phi Fraternity sees how many people are interested.

Your first name shows with your question. Pi Lambda Phi Fraternity answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $153K · in their own filed words · FY2020
01

Maintained facilities and provided support to the Massachusetts Theta chapter of Pi Lambda Phi fraternity. Assured that appropriate educational and living spaces were available in a safe and secure environment.

$153Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$49K
Ln 12
Other incomeLn 4–11$37K
Gifts and grantsLn 1h$11K
Investment incomeLn 3$16
Money outPt IX
$153K
Ln 25
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$123K
Total assetsLn 16$139K
LiabilitiesLn 26$138K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$16
Other incomeLn 4–11$37K
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$123K
SavingsLn 2$0
Cash and savings togetherLn 1–2$123K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$139K
LiabilitiesLn 26$138K
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$206K$123K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$20K$0
Total assetsLn 16$239K$139K
LiabilitiesLn 26$134K$138K
Net assetsLn 32$105K$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$7K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$282
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$20K
InsuranceLn 23$18K
All other expensesLn 24e$102K
Total functional expensesLn 25$153K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $117K$116K$1K$22K 990 PDF
FY2024 $104K$68K$36K$21K 990 PDF
FY2023 $88K$107K−$19K−$15K 990 PDF
FY2022 $92K$90K$2K$4K 990 PDF
FY2021 Viewing $49K$153K−$104K$2K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $48,765 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,030$11,301
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $31$16
I-11 Other revenuePrior year $74,784$37,448
I-12 Total revenuePrior year $81,845$48,765
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $11,029$7,289
I-17 Other expensesPrior year $106,801$145,321
I-18 Total expensesPrior year $117,830$152,610
I-19 Revenue less expensesPrior year −$35,985−$103,845
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $48,765 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$11,301
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$11,301
VIII-3 Investment incomeRelated to mission $16 · Unrelated business $0 · Excluded from tax $0$16
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $37,448 · Unrelated business $0 · Excluded from tax $0$37,448
VIII-12 Total revenueRelated to mission $37,464 · Unrelated business $0 · Excluded from tax $0$48,765
Part IX · Statement of functional expenses $152,610 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$7,289
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$282
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$4,823
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$20,000
IX-23 Insurance$18,028
IX-24e All other expenses$102,188
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$152,610
Part X · Balance sheet $139,370 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $205,904$123,417
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$867
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $13,000$15,086
X-10c Land, buildings and equipment, netStart of year $20,000$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $238,904$139,370
X-17 Accounts payable and accrued expensesStart of year $4,923$13,573
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $133,525$137,836
X-32 Total net assets or fund balancesStart of year $105,379$1,534
X-33 Total liabilities and net assetsStart of year $238,904$139,370
Part XI · Reconciliation of net assets $1,534 net assets at year end
XI-1 Total revenue$48,765
XI-2 Total expenses$152,610
XI-3 Revenue less expenses−$103,845
XI-4 Net assets at start of year$105,379
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,534

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.