Theta Mu Lambda Charitable Foundation EIN 36-3703340

Theta Mu Lambda Charitable Foundation FY2024 filing

EIN  36-3703340 Public charity (501(c)(3)) Chicago Heights, IL
Form 990 (PDF)
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Size
<$100K
What they do
Provides scholarships and leadership development for South Suburban Chicago's minority male youth.
Leadership
Money in and out
$111K revenue, $45K expenses
Bottom line
79% program efficiency

Provides scholarships and leadership development for South Suburban Chicago's minority male youth. For fiscal year 2024 it reported $111K in revenue, $45K in expenses, and $149K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$111K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $66K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
44.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+60%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$111K
FY2024▲ +48%
Expenses
$45K
FY2024
Total assets
$188K
FY2024
Total liabilities
$39K
FY2024
Total revenue
$111K
Pt VIII · Ln 12
Total expenses
$45K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$66K
Total assetsPt X · Ln 16$188K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
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 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$72K · 65%
Contributions & grants$38K · 34%
Investment income$624 · 1%
Other revenue65%$72K
Contributions & grants34%$38K
Investment income1%$624
Total revenueLn 12$111K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$35K
Management & general21%$9K
Total functional expensesLn 25$45K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$188K
Total liabilitiesLn 26$39K
Total net assetsLn 32$149K
Months of cash on handcomputed44.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $45K
44.5 months
Where the money goes
Program services
Program services $35K · Total expenses $45K
79%
Management & General
Management & general $9K · Total expenses $45K
21%
Fundraising
Fundraising $0 · Total expenses $45K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $38K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $111K
34%
Government reliance
Government grants — · Total revenue $111K
Earned-income share
Program service revenue $0 · Total revenue $111K
0%
Investment reliance
Investment income $624 · Total revenue $111K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $45K
0%
Growth & trend
Revenue growth (YoY)
This year $111K · Prior year $75K
+48%
Net-asset trend (YoY)
End of year $149K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $111K · Expenses $45K
+60%
Liabilities-to-Assets
Total liabilities — · Total assets $188K
Net-asset ratio
Net assets $149K · Total assets $188K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $188K
0%
People & payroll
Highest Reported Total Compensation
Individual Eugene C Blackwell JR · Reported title Chairman · Highest reported compensation $0 · Total expenses $45K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $45K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 48%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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
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 · ⤓ 990 PDF
FY2024$111K revenue · viewing · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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