The Lambda Foundation -Western Reserve FY2022 filing

Wilmington, DE501(c)(7)Mutual / membership EIN 34-1654553Revenue $229K in FY2022Files 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, FY2022. 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

FY2022 · 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
5.4 mo
of spending, in cash
Plus $193K in investments, Pt X · Ln 11–13
5.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
64% of total assets
Liabilities are 64% 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
$229K
-2% vs prior year
Spent
$181K
Net assets
$617K
By yearFY2020–FY2024
Revenue
$229K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$90K
FY2021$235K
FY2022$229K
FY2023$301K
FY2024$262K
Expenses
$181K
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$141K
FY2022$181K
FY2023$154K
FY2024$154K
Net assets
$617K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$616K
FY2021$726K
FY2022$617K
FY2023$766K
FY2024$888K

From the FY2022 Form 990 · see the original

You’re viewing the FY2022 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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
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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2 programs · in their own filed words · FY2022
01

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

Form 990 Part III, line 4, FY2022. 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
02

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

Form 990 Part III, line 4, FY2022. 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$229K
Ln 12
Fees for servicesLn 2g$144K
Other incomeLn 4–11$74K
Investment incomeLn 3$12K
Money outPt IX
$181K
Ln 25
Owns and owesPt X
$617K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$144K
Investment incomeLn 3$12K
Other incomeLn 4–11$74K
Total revenueLn 12$229K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$81K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$617K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

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
FY2022 ViewingFiled 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
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 O · Explanations
See the full FY2022 990
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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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