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Lambda Car Club International INC

Not tax-deductible

Phoenix, AZ501(c)(7)EIN 35-1865053Revenue $317K in FY2024

On file with the IRSlambdacarclub.comPo Box 45140, 85064-5140 · Phoenix, AZTax-exempt since Sep 1992

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The enjoyment and exchange of information on old and special interest motor vehicles, combined with social fellowhip by those interested in such vehicles.

Run by 200 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $24K a year · 10% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
102%
of spending
Looks good: 102% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$317K
+47% vs prior year
Spent
$256K
To programs
102%
Net assets
$452K
By yearFY2020–FY2024
Revenue
$317K
FY2024▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$236K
FY2021$118K
FY2022$214K
FY2023$216K
FY2024$317K
Expenses
$256K
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$128K
FY2021Not on file
FY2022$282K
FY2023$221K
FY2024$256K
Net assets
$452K
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$459K
FY2021$464K
FY2022$396K
FY2023$391K
FY2024$452K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1992.

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

Where the money goes

102 cents of each dollar spent went to programs.

Program services 102% · $261K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Bret Scott
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
David Baron
Treasurer
$0Pt VII · Sec A
David Baker
Past President
$0Pt VII · Sec A
Caleb Hannah
Board Member
$0Pt VII · Sec A
David Shepperd
Board Member
$0Pt VII · Sec A
See Lambda Car Club International INC 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

Connects people who love old and special cars through shared enjoyment and fellowship.

Questions for Lambda Car Club International INC

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Provided by the organization

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1 program · $256K · in their own filed words · FY2024
01

Promoted the enjoyment, preservation, care of old and special interest motor vehicles with the social fellowship of members.

$256Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$317K
Ln 12
Fees for servicesLn 2g$313K
Investment incomeLn 3$4K
Money outPt IX
$256K
Ln 25
Programscol B$261K
Owns and owesPt X
$452K
net assets · Ln 32
Cash and savingsLn 1–2$452K
Total assetsLn 16$452K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$313K
Investment incomeLn 3$4K
Total revenueLn 12$317K
Assets in detailPt X, end of year
CashLn 1$310K
SavingsLn 2$142K
Cash and savings togetherLn 1–2$452K
Total assetsLn 16$452K
LiabilitiesLn 26$0
Net assetsLn 32$452K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
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 FY24End FY24
Cash and savingsLn 1–2$391K$452K
Total assetsLn 16$391K$452K
LiabilitiesLn 26$0$0
Net assetsLn 32$391K$452K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K
Legal feesLn 11b$259
Other fees for servicesLn 11g$23K
Office expensesLn 13$4K
Information technologyLn 14$8K
Conferences, conventions and meetingsLn 19$143K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$65K
Total functional expensesLn 25$256K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $317K$256K$61K$452K 990 PDF
FY2023 $216K$221K−$5K$391K 990 PDF
FY2022 $214K$282K−$68K$396K 990 PDF
FY2021 $118K$464K 990 PDF
FY2020 $236K$128K$108K$459K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $316,948 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $214,433$312,761
I-10 Investment incomePrior year $1,357$4,187
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $215,790$316,948
I-13 Grants and similar amounts paidPrior year $3,132$5,723
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $217,895$249,812
I-18 Total expensesPrior year $221,027$255,535
I-19 Revenue less expensesPrior year −$5,237$61,413
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $316,948 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $312,761$312,761
VIII-3 Investment incomeExcluded from tax $4,187$4,187
VIII-12 Total revenueRelated to mission $312,761 · Unrelated business $0 · Excluded from tax $4,187$316,948
Part IX · Statement of functional expenses $255,535 across 8 lines filed
IX-1 Grants to domestic organizations$5,723
IX-11b Legal fees$259
IX-11g Other fees for services$23,435
IX-13 Office expenses$3,782
IX-14 Information technology$8,265
IX-19 Conferences, conventions and meetings$142,629
IX-23 Insurance$6,068
IX-24 Other expenses (24a–d)$65,374
IX-25 Total functional expenses$255,535
Part X · Balance sheet $452,481 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $270,556$310,059
X-2 Savings and temporary cash investmentsStart of year $120,512$142,422
X-16 Total assetsStart of year $391,068$452,481
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $391,068$452,481
X-32 Total net assets or fund balancesStart of year $391,068$452,481
X-33 Total liabilities and net assetsStart of year $391,068$452,481
Part XI · Reconciliation of net assets $452,481 net assets at year end
XI-1 Total revenue$316,948
XI-2 Total expenses$255,535
XI-3 Revenue less expenses$61,413
XI-4 Net assets at start of year$391,068
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$452,481

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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