Sigma Lambda Beta International

IRS exemption revoked

North Liberty, IAUnknown exempt organization EIN 31-1538511Revenue $493K in FY2020

On file with the IRSsigmalambdabeta.com7 Hawkeye Dr Ste 103/104 · North Liberty, IA

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National college fraternity - to nurture and further a dynamic values-based environment which utilizes our historically Latino fraternity as a catalyst to better serve the needs and wants of all people.

Run by 10 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $29K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$493K
Spent
$491K
To programs
0%
Net assets
$287K

From the FY2020 Form 990 (year ending August 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on January 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Sigma Lambda Beta International executive salaries →

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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

Fosters a values-based environment using a Latino fraternity to serve community needs.

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2 programs · in their own filed words · FY2019
01

Board Officers and District Governors

These men travel to the chapters in their geographical zones to work with undergraduates and alumni on chapter development, leadership development and scholastic development. They also develop programming for the chapters. Over 500 undergraduate members are helped by these visits.

Pt IX · col B
02

Volunteers, executive director and assistant executive director - Provide assistance to the chapters and with conferences to help with chapter operations, leadership development and scholastic programs.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$29K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$493K
Ln 12
Fees for servicesLn 2g$478K
Other incomeLn 4–11$8K
Investment incomeLn 3$7K
Money outPt IX
$491K
Ln 25
Owns and owesPt X
$287K
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$298K
LiabilitiesLn 26$11K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$478K
Investment incomeLn 3$7K
Other incomeLn 4–11$8K
Gains on assetsLn 7$0
Total revenueLn 12$493K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$298K
Cash and savings togetherLn 1–2$298K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$298K
LiabilitiesLn 26$11K
Net assetsLn 32$287K
OperationsPt I, VI
EmployeesI 56
VolunteersI 610
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$296K$298K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$296K$298K
LiabilitiesLn 26$5K$11K
Net assetsLn 32$292K$287K
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$83K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$160K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$24K
Payroll taxesLn 10$21K
Management feesLn 11a$0
Legal feesLn 11b$6K
Accounting feesLn 11c$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$863
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$18K
TravelLn 17$34K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$80K
Other expenses (24a–d)Ln 24$80K
All other expensesLn 24e−$19K
Total functional expensesLn 25$491K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $493K$491K$1K$287K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $492,516 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $435,673$478,012
I-10 Investment incomePrior year $1,016$6,712
I-11 Other revenuePrior year $26,588$7,792
I-12 Total revenuePrior year $463,277$492,516
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $260,182$288,217
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $221,664$203,138
I-18 Total expensesPrior year $481,846$491,355
I-19 Revenue less expensesPrior year −$18,569$1,161
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $492,516 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,012$478,012
VIII-3 Investment incomeUnrelated business $6,712$6,712
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$7,792
VIII-12 Total revenueRelated to mission $478,012 · Unrelated business $6,712$492,516
Part IX · Statement of functional expenses $491,355 across 31 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$82,800
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$160,291
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$24,227
IX-10 Payroll taxes$20,899
IX-11a Management fees$0
IX-11b Legal fees$5,753
IX-11c Accounting fees$3,413
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$863
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$17,600
IX-17 Travel$34,467
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$79,763
IX-24 Other expenses (24a–d)$80,117
IX-24e All other expenses−$18,838
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$491,355
Part X · Balance sheet $298,305 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $296,260$298,305
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $296,260$298,305
X-17 Accounts payable and accrued expensesStart of year $4,564$11,336
X-26 Total liabilitiesStart of year $4,564$11,336
X-27 Net assets without donor restrictionsStart of year $291,696$286,969
X-32 Total net assets or fund balancesStart of year $291,696$286,969
X-33 Total liabilities and net assetsStart of year $296,260$298,305
Part XI · Reconciliation of net assets $286,969 net assets at year end
XI-1 Total revenue$492,516
XI-2 Total expenses$491,355
XI-3 Revenue less expenses$1,161
XI-4 Net assets at start of year$291,696
XI-8 Prior period adjustments−$5,888
XI-10 Net assets at end of year$286,969

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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