Pi Lambda Phi Educational Foundation INC EIN 22-3115003 Form 990 (PDF) Claim this org

Pi Lambda Phi Educational Foundation INC FY2021 filing

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Awards scholarships and supports educational initiatives for undergraduate members. For fiscal year 2021 it reported $206K in revenue, $125K in expenses, and $397K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Brighton, CO
Filings
5 on file (2021–2021)
Revenue
$206KFY2021
Expenses
$125K
Net assets
$397K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  22-3115003 Public charity (501(c)(3)) Brighton, CO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Awards scholarships and supports educational initiatives for undergraduate members.
Leadership
Gary Sanders · President
Money in and out
$206K revenue, $125K expenses
Bottom line
100% program efficiency
Where the money goes · FY2021
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $81K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
41.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$206K
FY2021
Expenses
$125K
FY2021
Total assets
$434K
FY2021
Total liabilities
$36K
FY2021
Total revenue
$206K
Pt VIII · Ln 12
Total expenses
$125K
Pt IX · Ln 25
Net assets
$397K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$81K
Total assetsPt X · Ln 16$434K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPi Lambda Phi Educational Foundation INC
EINHdr · item D22-3115003
Principal addressHdr · item CBrighton, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFOct 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

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Mission & Programs · Part III

Where the work happens

1 program service account for $125K of program spending, described in the organization's own filed words · FY2020.
01

The organization receives donations from alumni and friends of pilam in order to provide grants to individuals and eligible organizations. During the year ended june 30, 2021, a total of 33 scholarships were awarded to 26 students, and 1 grant was awarded to a fraternity.

$125Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$193K · 94%
Investment income$13K · 6%
Contributions & grants94%$193K
Investment income6%$13K
Total revenueLn 12$206K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$125K
Total functional expensesLn 25$125K

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$434K
Total liabilitiesLn 26$36K
Total net assetsLn 32$397K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $434K · Operating expenses/yr $125K
41.5 months
Where the money goes
Program services
Program services $125K · Total expenses $125K
100%
Management & General
Management & general $0 · Total expenses $125K
0%
Fundraising
Fundraising $0 · Total expenses $125K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $193K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $193K · Total revenue $206K
94%
Government reliance
Government grants — · Total revenue $206K
Earned-income share
Program service revenue $0 · Total revenue $206K
0%
Investment reliance
Investment income $13K · Total revenue $206K
+6%
Program self-sufficiency
Program service revenue $0 · Total expenses $125K
0%
Growth & trend
Revenue growth (YoY)
This year $206K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $397K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $206K · Expenses $125K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $434K
Net-asset ratio
Net assets $397K · Total assets $434K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5K · Other securities (Pt X, ln 12) $380K · Total assets (Pt X, ln 16) $434K
89%
People & payroll
Highest Reported Total Compensation
Individual Gary Sanders · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $125K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $125K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Investment management fee ratio 0.4%
Legal fee ratio 3%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$13K
Grants paid · 12 grants · $331K · 2020–2024
Unitemized GrantFY2024$25,000
Pi Lambda Phi Fraternity INCCT · FY2024$16,150
Unitemized GrantFY2023$42,500
Pi Lambda Phi Fraternity INCCT · FY2023$42,500
Unitemized GrantFY2023$23,500
Unitemized GrantFY2022$30,028
Unitemized GrantFY2022$29,893
Pi Lambda Phi FraternityFY2022$29,893
Unitemized GrantFY2021$24,300
Unitemized GrantFY2020$32,000
Pi Lambda Phi Fraternity INCCT · FY2020$20,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$257K revenue · ⤓ 990 PDF
FY2024$177K revenue · ⤓ 990 PDF
FY2023$144K revenue · ⤓ 990 PDF
FY2022$376K revenue · ⤓ 990 PDF
FY2021$206K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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