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Theta Mu Lambda Charitable Foundation EIN 36-3703340

Theta Mu Lambda Charitable Foundation

EIN  36-3703340 Public charity (501(c)(3)) Chicago Heights, IL
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Size
<$100K
What they do
Provides scholarships and leadership development for South Suburban Chicago's minority male youth.
Leadership
Eugene C Blackwell JR · Chairman
Money in and out
$85K revenue, $39K expenses
Bottom line
68.4mo operating runway

Provides scholarships and leadership development for South Suburban Chicago's minority male youth. For fiscal year 2025 it reported $85K in revenue, $39K in expenses, and $163K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $46K
Where spending went · Part IX cols B–D
Program services $0.83
Operating runway
68.4mo
months of highly liquid reserves at operating expense rate▲ +54% vs prior filing year
Surplus margin
+55%
revenue over expenses, this year▼ -9% vs prior filing year
Donor-funded
32%
of revenue is gifts & grants▼ -8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$85K
FY2025▼ -23%
Expenses
$39K
FY2025▼ -14%
Total assets
$220K
FY2025▲ +17%
Total liabilities
$57K
FY2025▲ +47%
Total revenue
$85K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$163K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$46K
Total assetsPt X · Ln 16$220K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $35K of program spending, described in the organization's own filed words · FY2024.
01

Student scholarship program

$20Kprogram expense
02

Community outreach & education support

$8Kprogram expense
03

Leaders for tomorrow program

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheta Mu Lambda Charitable Foundation
EINHdr · item D36-3703340
Principal addressHdr · item CChicago Heights, IL
WebsiteHdr · item Jwww.tmlcf.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJan 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Troy O'Quin
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Theta Mu Lambda Charitable Foundation executive salaries →

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Statement of Revenue

Part VIII
Other revenue$58K · 68%
Contributions & grants$27K · 32%
Other revenue68%$58K
Contributions & grants32%$27K
Total revenueLn 12$85K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83
Program services83%$32K
Total functional expensesLn 25$39K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$220K
Total liabilitiesLn 26$57K
Total net assetsLn 32$163K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $220K · Operating expenses/yr $39K
68.4 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $85K
32%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $85K
—
Investment reliance
Investment income $930 · Total revenue $85K
+1%
Program self-sufficiency
Program service revenue — · Total expenses $39K
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $85K · Prior year $111K
-23%
Net-asset trend (YoY)
End of year $163K · Beginning of year $125K
+31%
Balance sheet
Surplus Margin
Revenue $85K · Expenses $39K
+55%
Liabilities-to-Assets
Total liabilities $57K · Total assets $220K
26%
Net-asset ratio
Net assets $163K · Total assets $220K
74%
People & payroll
Highest Reported Total Compensation
Individual Eugene C Blackwell JR · Reported title Chairman · Highest reported compensation $0 · Total expenses $39K
0%
Personnel share
Salaries & benefits — · Total expenses $39K
Form 990-EZ bundles compensation — not comparable to full-990 filers
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%——
Revenue growth -23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$7K
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$85K revenue · viewing · ⤓ 990 PDF
FY2024$111K revenue · ⤓ 990 PDF
FY2023$75K revenue · ⤓ 990 PDF
FY2022$106K revenue · ⤓ 990 PDF
FY2021$47K revenue · ⤓ 990 PDF
FY2020$46K revenue · ⤓ 990 PDF
FY2019$18K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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