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Iota Phi Lambda Sorority INC

Not tax-deductible

Washington, DC501(c)(6)Mutual / membership EIN 23-7390385Revenue $580K in FY2025Latest return filed Feb 9, 2026

On file with the IRSiota1929.orgWashington, DCTax-exempt since Aug 1974

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Unite in sisterhood qualified business and professional women in order to enhance and improve the status of women in our highly complex, competitive business and professional world; promote increased interest in the broad field of business education among high school and college young women through planned programs and scholarships; encourage the development of personal goals and leadership potential; and establish and promote civic and social service activities for youth and adults.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7390385) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
12¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Spent on programs
12%
of spending
12% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
34.1 mo
of spending, in cash
34.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.6% of total assets
Liabilities are 0.6% of assets.
Pt X · Ln 26
Independent board members
1600
of 1600 voting members
1600 of 1600 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$580K
Spent
$246K
To programs
12%
Net assets
$695K

From the FY2025 Form 990 (year ending June 2025) · see the original

Visit site Support Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1974.

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

Where the money goes

12 cents of each dollar spent went to programs.

Program services 12% · $29K Management & general 81% · $199K Fundraising 7% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Karen Arey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Didi Boynton
Director
$0Pt VII · Sec A
Gloria Perry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Gina Barry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Iota Phi Lambda Sorority INC executive salaries →

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

Empowers businesswomen through sisterhood, education, leadership development, and community service.

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1 program · in their own filed words · FY2024
01

Others

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7390385) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$580K
Ln 12
Gifts and grantsLn 1h$325K
Other incomeLn 4–11$256K
Money outPt IX
$246K
Ln 25
Programscol B$29K
Managementcol C$199K
Fundraisingcol D$18K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$700K
Total assetsLn 16$700K
LiabilitiesLn 26$5K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a1,600
IndependentVI 1b1,600
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325K
Other incomeLn 4–11$256K
Total revenueLn 12$580K
Assets in detailPt X, end of year
CashLn 1$700K
Cash and savings togetherLn 1–2$700K
Total assetsLn 16$700K
LiabilitiesLn 26$5K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$389K$700K
Total assetsLn 16$389K$700K
LiabilitiesLn 26$28K$5K
Net assetsLn 32$361K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$61K$29K$13K$18K
Office expensesLn 13$2K$2K
TravelLn 17$28K$28K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$116K$116K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$246K$29K$199K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 9, 2026 $580K$246K$334K$695K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $580,178 revenue, 12 lines filed
I-8 Contributions and grants$324,522
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$255,656
I-12 Total revenue$580,178
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$246,190
I-18 Total expenses$246,190
I-19 Revenue less expenses$333,988
Part VI · Governance 1,600 of 1,600 board members independent, 4 to look at
VI-1a Voting members of the governing body1,600
VI-1b Independent voting members1,600
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 $580,178 across 5 lines filed
VIII-1b Membership dues$175,270
VIII-1f All other contributions, gifts and grants$149,252
VIII-1h Total contributions, gifts and grants$324,522
VIII-8 Net income from fundraising events$255,656
VIII-12 Total revenue$580,178
Part IX · Statement of functional expenses $246,190 across 7 lines filed
IX-11c Accounting feesManagement $4,020$4,020
IX-11g Other fees for servicesPrograms $28,870 · Management $13,349 · Fundraising $18,343$60,562
IX-13 Office expensesManagement $1,658$1,658
IX-17 TravelManagement $28,473$28,473
IX-23 InsuranceManagement $33,459$33,459
IX-24 Other expenses (24a–d)Management $115,853$115,853
IX-24e All other expensesManagement $2,165$2,165
IX-25 Total functional expensesPrograms $28,870 · Management $198,977 · Fundraising $18,343$246,190
Part X · Balance sheet $699,725 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $388,921$699,725
X-16 Total assetsStart of year $388,921$699,725
X-25 Other liabilitiesStart of year $27,732$4,548
X-26 Total liabilitiesStart of year $27,732$4,548
X-31 Retained earnings or endowmentStart of year $361,189$695,177
X-32 Total net assets or fund balancesStart of year $361,189$695,177
X-33 Total liabilities and net assetsStart of year $388,921$699,725
Part XI · Reconciliation of net assets $695,177 net assets at year end
XI-1 Total revenue$580,178
XI-2 Total expenses$246,190
XI-3 Revenue less expenses$333,988
XI-4 Net assets at start of year$361,189
XI-10 Net assets at end of year$695,177

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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