The Lambda Foundation -Western Reserve FY2020 filing

Wilmington, DE501(c)(7)Mutual / membership EIN 34-1654553Revenue $90K in FY2020Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024.

On file with the IRSWilmington, DETax-exempt since Oct 1940

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Organization provides housing and other services to undergraduate members of Lambda Chapter of Zeta Beta Tau who attend Case Western Reserve University

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1654553) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
Latest return
FY2025
latest 990-N e-Postcard
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $67K a year · 30% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
5.9 mo
of spending, in cash
Plus $541K in investments, Pt X · Ln 11–13
5.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$90K
Spent
$152K
Net assets
$616K
By yearFY2020–FY2024
Revenue
$90K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$90K
FY2021$235K
FY2022$229K
FY2023$301K
FY2024$262K
Expenses
$152K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$141K
FY2022$181K
FY2023$154K
FY2024$154K
Net assets
$616K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$616K
FY2021$726K
FY2022$617K
FY2023$766K
FY2024$888K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024. IRS ruling in Oct 1940.

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

Where the money goes

What each dollar paid for.

Fundraising 0% · $132

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Alumni Advisor
$0Pt VII · Sec A
See The Lambda Foundation -Western Reserve 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

Provides housing and services to Zeta Beta Tau undergraduate members at Case Western Reserve University.

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1 program · in their own filed words · FY2020
01

Case Western Reserve University Cleveland, OH Chapter of Zeta Beta Tau International Fraternity.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 34-1654553) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$90K
Ln 12
Fees for servicesLn 2g$44K
Other incomeLn 4–11$28K
Investment incomeLn 3$18K
Money outPt IX
$152K
Ln 25
Fundraisingcol D$132
Owns and owesPt X
$616K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$616K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$132
Fundraising eventsLn 1c$132
Fees for servicesLn 2g$44K
Investment incomeLn 3$18K
Other incomeLn 4–11$28K
Gains on assetsLn 7$1K
Total revenueLn 12$90K
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
InvestmentsLn 11–13$541K
Total assetsLn 16$616K
LiabilitiesLn 26$0
Net assetsLn 32$616K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$161K$75K
InvestmentsLn 11–13$468K$541K
Total assetsLn 16$629K$616K
LiabilitiesLn 26$0$0
Net assetsLn 32$629K$616K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 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$1K
Accounting feesLn 11c$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$260
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$59K
TravelLn 17$2K
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$0
Other expenses (24a–d)Ln 24$75K
All other expensesLn 24e$149
Total functional expensesLn 25$152K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $262K$154K$108K$888K 990 PDF
FY2023Filed with the IRS Jul 19, 2024 $301K$154K$147K$766K 990 PDF
FY2022Filed with the IRS Jun 21, 2023 $229K$181K$48K$617K 990 PDF
FY2021Filed with the IRS Nov 16, 2022 $235K$141K$94K$726K 990 PDF
FY2020 ViewingFiled with the IRS Nov 23, 2021 $90K$152K−$62K$616K 990 PDF

Files the 990-N e-Postcard (latest 2025). Last full Form 990: 2024. The 990-N has no money details, and postcard years before 2025 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $90,021 revenue, 12 lines filed
I-8 Contributions and grants$132
I-9 Program service revenue$44,027
I-10 Investment income$18,324
I-11 Other revenue$27,538
I-12 Total revenue$90,021
I-13 Grants and similar amounts paid$5,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$146,957
I-18 Total expenses$151,957
I-19 Revenue less expenses−$61,936
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $90,021 across 7 lines filed
Lines not itemized here account for −$29,924 of total revenue; see the IRS return.
VIII-1c Fundraising events$132
VIII-1h Total contributions, gifts and grants$132
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$73,951
VIII-3 Investment income$16,906
VIII-6 Net rental income or loss$27,538
VIII-7 Net gain or loss on sales of assets$1,418
VIII-12 Total revenue$90,021
Part IX · Statement of functional expenses $151,957 across 30 lines filed
IX-1 Grants to domestic organizations$5,000
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 officers and key staff (Part IX, line 5)$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$1,012
IX-11c Accounting fees$5,578
IX-11d Lobbying fees$0
IX-11f Investment management fees$4,462
IX-12 Advertising and promotion$0
IX-13 Office expenses$260
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$59,242
IX-17 Travel$1,745
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$0
IX-24 Other expenses (24a–d)$74,509
IX-24e All other expenses$149
IX-25 Total functional expenses$151,957
Part X · Balance sheet $616,056 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $161,023$75,092
X-11 Publicly traded securitiesStart of year $468,244$540,964
X-16 Total assetsStart of year $629,267$616,056
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $629,267$616,056
X-32 Total net assets or fund balancesStart of year $629,267$616,056
X-33 Total liabilities and net assetsStart of year $629,267$616,056
Part XI · Reconciliation of net assets $616,056 net assets at year end
XI-1 Total revenue$90,021
XI-2 Total expenses$151,957
XI-3 Revenue less expenses−$61,936
XI-4 Net assets at start of year$629,267
XI-5 Net unrealized gains (losses) on investments$48,725
XI-10 Net assets at end of year$616,056

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

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