Lambda House INC FY2023 filing

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To promote and encourage activities of the indiana theta chapter of sigma phi epsilon fraternity.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0950016) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
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
FY2026
latest Form 990
The latest return is for FY2026, this tax year.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $99K a year · 32% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
4.3 mo
of spending, in cash
4.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$536K
52% of total assets
Liabilities are 52% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$323K
+0.3% vs prior year
Spent
$251K
To programs
99%
Net assets
$497K
By yearFY2021–FY2026
Revenue
$323K
FY2023+0.3%
Tap a bar for its year
Revenue by fiscal year
FY2021$300K
FY2022$322K
FY2023$323K
FY2024$320K
FY2025$327K
FY2026$299K
Expenses
$251K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$192K
FY2022$214K
FY2023$251K
FY2024$222K
FY2025$224K
FY2026$192K
Net assets
$497K
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2021$317K
FY2022$425K
FY2023$497K
FY2024$595K
FY2025$698K
FY2026$806K

From the FY2023 Form 990 (year ending May 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in May 1979.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $251K Management & general 0% · $494

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Lambda House 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

Supports activities for the Indiana Theta Chapter of Sigma Phi Epsilon Fraternity.

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2 programs · $251K · in their own filed words · FY2022
01

Lamdba house is the alumni group of the indiana theta chapter of sigma phi epsilon. Lambda house owns, operated, and maintained the chapter house at trine university that provides the members with student housing that furthered the social, recreational and fraternal activities of the student members.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0950016) · Dispute this line
$237Kprogram expense
02

The organization engaged the alumnus of the indiana theta chapter of sigma phi epsilon fraternity to collect and preserve the fraternitys records and relics and promoted the educational and personal enrichment of the students involvment in the fraternal organization.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-0950016) · Dispute this line
$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$12K
Grants paid · 1 grant · $100K · 2022–2022

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$323K
Ln 12
Fees for servicesLn 2g$275K
Gifts and grantsLn 1h$36K
Other incomeLn 4–11$11K
Money outPt IX
$251K
Ln 25
Programscol B$251K
Managementcol C$494
Owns and owesPt X
$497K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$1.0M
LiabilitiesLn 26$536K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fees for servicesLn 2g$275K
Investment incomeLn 3$1K
Other incomeLn 4–11$11K
Gains on assetsLn 7$401
Total revenueLn 12$323K
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$72K
Cash and savings togetherLn 1–2$90K
Prepaid expenses and deferred chargesLn 9$8K
Land, buildings, equipmentLn 10c$909K
InvestmentsLn 11–13$23K
Intangible assetsLn 14$2K
Total assetsLn 16$1.0M
LiabilitiesLn 26$536K
Net assetsLn 32$497K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderMay
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 FY23End FY23
Cash and savingsLn 1–2$140K$90K
InvestmentsLn 11–13$2K$23K
Land, buildings, equipmentLn 10c$943K$909K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$662K$536K
Net assetsLn 32$425K$497K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$100K$100K
Other salaries and wagesLn 7$18K$18K
Payroll taxesLn 10$2K$2K
Accounting feesLn 11c$515$258$257
Other fees for servicesLn 11g$10K$10K
Office expensesLn 13$790$553$237
OccupancyLn 16$73K$73K
Conferences, conventions and meetingsLn 19$13K$13K
Depreciation, depletion and amortizationLn 22$34K$34K
Total functional expensesLn 25$251K$251K$494$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 LatestFiled with the IRS Aug 7, 2026 $299K$192K$107K$806K 990 PDF
FY2025Filed with the IRS Oct 7, 2025 $327K$224K$103K$698K 990 PDF
FY2024Filed with the IRS Jul 28, 2024 $320K$222K$99K$595K 990 PDF
FY2023 ViewingFiled with the IRS Jul 11, 2023 $323K$251K$72K$497K 990 PDF
FY2022Filed with the IRS Aug 26, 2022 $322K$214K$108K$425K 990 PDF
FY2021Filed with the IRS Jul 7, 2021 $300K$192K$108K$317K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $323,120 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $47,261$35,715
I-9 Program service revenuePrior year $274,075$275,022
I-10 Investment incomePrior year $935$1,480
I-11 Other revenue$10,903
I-12 Total revenuePrior year $322,271$323,120
I-13 Grants and similar amounts paidPrior year $88,842$100,438
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $16,674$19,741
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $108,916$130,902
I-18 Total expensesPrior year $214,432$251,081
I-19 Revenue less expensesPrior year $107,839$72,039
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $323,120 across 7 lines filed
VIII-1f All other contributions, gifts and grants$35,715
VIII-1h Total contributions, gifts and grants$35,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $275,022$275,022
VIII-3 Investment incomeExcluded from tax $1,079$1,079
VIII-7 Net gain or loss on sales of assetsExcluded from tax $401$401
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,903$10,903
VIII-12 Total revenueRelated to mission $285,925 · Unrelated business $0 · Excluded from tax $1,480$323,120
Part IX · Statement of functional expenses $251,081 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $100,438$100,438
IX-7 Other salaries and wagesPrograms $18,045$18,045
IX-10 Payroll taxesPrograms $1,696$1,696
IX-11c Accounting feesPrograms $258 · Management $257$515
IX-11g Other fees for servicesPrograms $9,975$9,975
IX-13 Office expensesPrograms $553 · Management $237$790
IX-16 OccupancyPrograms $72,724$72,724
IX-19 Conferences, conventions and meetingsPrograms $12,806$12,806
IX-22 Depreciation, depletion and amortizationPrograms $34,092$34,092
IX-25 Total functional expensesPrograms $250,587 · Management $494 · Fundraising $0$251,081
Part X · Balance sheet $1,032,434 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $34,791$18,315
X-2 Savings and temporary cash investmentsStart of year $104,863$71,953
X-9 Prepaid expenses and deferred charges$8,325
X-10c Land, buildings and equipment, netStart of year $942,968$909,270
X-11 Publicly traded securitiesStart of year $1,545$22,537
X-14 Intangible assetsStart of year $2,428$2,034
X-16 Total assetsStart of year $1,086,595$1,032,434
X-17 Accounts payable and accrued expensesStart of year $282$417
X-23 Secured mortgages and notes payableStart of year $661,122$535,227
X-26 Total liabilitiesStart of year $661,917$535,644
X-31 Retained earnings or endowmentStart of year $424,678$496,790
X-32 Total net assets or fund balancesStart of year $424,678$496,790
X-33 Total liabilities and net assetsStart of year $1,086,595$1,032,434
Part XI · Reconciliation of net assets $496,790 net assets at year end
XI-1 Total revenue$323,120
XI-2 Total expenses$251,081
XI-3 Revenue less expenses$72,039
XI-4 Net assets at start of year$424,678
XI-9 Other changes in net assets$73
XI-10 Net assets at end of year$496,790

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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