The Lambda Foundation -Western Reserve FY2021 filing

Wilmington, DE501(c)(7)Mutual / membership EIN 34-1654553Revenue $235K in FY2021Files 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, FY2021. 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

FY2021 · 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
5.0 mo
of spending, in cash
Plus $247K in investments, Pt X · Ln 11–13
5.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
61% of total assets
Liabilities are 61% 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
$235K
+161% vs prior year
Spent
$141K
Net assets
$726K
By yearFY2020–FY2024
Revenue
$235K
FY2021▲ +161%
Tap a bar for its year
Revenue by fiscal year
FY2020$90K
FY2021$235K
FY2022$229K
FY2023$301K
FY2024$262K
Expenses
$141K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$141K
FY2022$181K
FY2023$154K
FY2024$154K
Net assets
$726K
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$616K
FY2021$726K
FY2022$617K
FY2023$766K
FY2024$888K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 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

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.

Questions for The Lambda Foundation -Western Reserve

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1 program · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Fees for servicesLn 2g$108K
Investment incomeLn 3$79K
Other incomeLn 4–11$48K
Money outPt IX
$141K
Ln 25
Owns and owesPt X
$726K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$108K
Investment incomeLn 3$79K
Other incomeLn 4–11$48K
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$1.5M
InvestmentsLn 11–13$247K
Total assetsLn 16$1.9M
LiabilitiesLn 26$1.1M
Net assetsLn 32$726K
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 FY21End FY21
Cash and savingsLn 1–2$75K$59K
InvestmentsLn 11–13$541K$247K
Land, buildings, equipmentLn 10c$1.5M
Total assetsLn 16$616K$1.8M
LiabilitiesLn 26$0$1.1M
Net assetsLn 32$616K$622K
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 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$0
Accounting feesLn 11c$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$4K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$54K
TravelLn 17$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K
InterestLn 20$38K
Payments to affiliatesLn 21$5K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$52K
All other expensesLn 24e$14K
Total functional expensesLn 25$178K

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
FY2021 ViewingFiled with the IRS Nov 16, 2022 $235K$141K$94K$726K 990 PDF
FY2020Filed 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 FY2021 990
Part I · Summary $214,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $132$0
I-9 Program service revenuePrior year $44,027$108,412
I-10 Investment incomePrior year $18,324$78,738
I-11 Other revenuePrior year $27,538$27,178
I-12 Total revenuePrior year $90,021$214,328
I-13 Grants and similar amounts paidPrior year $5,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $146,957$178,389
I-18 Total expensesPrior year $151,957$178,389
I-19 Revenue less expensesPrior year −$61,936$35,939
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 $214,328 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$108,412
VIII-3 Investment income$78,738
VIII-6 Net rental income or loss$27,178
VIII-12 Total revenue$214,328
Part IX · Statement of functional expenses $178,389 across 30 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 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$0
IX-11c Accounting fees$3,768
IX-11d Lobbying fees$0
IX-11f Investment management fees$3,598
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$53,771
IX-17 Travel$5,910
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,106
IX-20 Interest$38,371
IX-21 Payments to affiliates$5,000
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$52,419
IX-24e All other expenses$14,446
IX-25 Total functional expenses$178,389
Part X · Balance sheet $1,766,533 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $75,092$58,982
X-10c Land, buildings and equipment, net$1,460,100
X-11 Publicly traded securitiesStart of year $540,964$247,451
X-16 Total assetsStart of year $616,056$1,766,533
X-23 Secured mortgages and notes payable$1,144,467
X-26 Total liabilitiesStart of year $0$1,144,467
X-29 Capital stock or trust principalStart of year $616,056$622,066
X-32 Total net assets or fund balancesStart of year $616,056$622,066
X-33 Total liabilities and net assetsStart of year $616,056$1,766,533
Part XI · Reconciliation of net assets $622,066 net assets at year end
XI-1 Total revenue$214,328
XI-2 Total expenses$178,389
XI-3 Revenue less expenses$35,939
XI-4 Net assets at start of year$616,056
XI-8 Prior period adjustments−$3,971
XI-9 Other changes in net assets−$25,958
XI-10 Net assets at end of year$622,066

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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