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Xi Lambda Educational Foundation FY2024 filing

Tax-deductible

Chicago, IL501(c)(3) EIN 36-3765985Revenue $292K in FY2024

On file with the IRS8236 S Western Ave, 60620-5935 · Chicago, ILTax-exempt since Nov 1992Publicly supported — 509(a)(2)

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Provide educational guidance Engourage positive youth development

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$12K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $101K a year · 43% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$12K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
+386% vs prior year
Spent
$153K
To programs
70%
Net assets
$480K
By yearFY2021–FY2025
Revenue
$292K
FY2024▲ +386%
Tap a bar for its year
Revenue by fiscal year
FY2021$71K
FY2022$13K
FY2023$60K
FY2024$292K
FY2025$182K
Expenses
$153K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$153K
FY2025$119K
Net assets
$480K
FY2024▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2021$344K
FY2022$301K
FY2023$340K
FY2024$480K
FY2025$542K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1992.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $107K Fundraising 30% · $45K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $12K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Rodney Brown
Treasurer
$12,000Pt VII · Sec A
$0Pt VII · Sec A
Gilbert Batts
Board Member
$0Pt VII · Sec A
Steve Minter
Board Member
$0Pt VII · Sec A
John Griffin
Board Member
$0Pt VII · Sec A
Larry Holloway
Vice President
$0Pt VII · Sec A
Farrad Ali
Board Member
$0Pt VII · Sec A
A Battiste
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Rodney Brown$12,000$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Guides youth and encourages their positive development through education.

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Provided by the organization

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3 programs · $79K · in their own filed words · FY2023
01

Scholarships to individual students in amounts between 500 and 2000

$49Kprogram expense
02

Provide youth development programs, including a chess program, a

$28Kprogram expense
03

Provide a luncheon for varios students

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
American Online Giving Foundation INCFY2023$6K
Total grants receivedfrom 1 funder$6K
Grants paid · 1 grant · $49K · 2023–2023
Unitemized GrantFY2023$49,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$251K
Investment incomeLn 3$41K
Money outPt IX
$153K
Ln 25
Programscol B$107K
Fundraisingcol D$45K
Owns and owesPt X
$480K
net assets · Ln 32
Cash and savingsLn 1–2$358K
Total assetsLn 16$512K
LiabilitiesLn 26$32K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$251K
Government grantsLn 1e$150K
Investment incomeLn 3$41K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$332K
Cash and savings togetherLn 1–2$358K
Total assetsLn 16$512K
LiabilitiesLn 26$32K
Net assetsLn 32$480K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$334K$358K
Total assetsLn 16$341K$512K
LiabilitiesLn 26$574$32K
Net assetsLn 32$340K$480K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$49K$49K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$803$803
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
Information technologyLn 14$777$777
OccupancyLn 16$4K$4K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$28K$28K
All other expensesLn 24e$49K$4K$45K
Total functional expensesLn 25$153K$107K$0$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $182K$119K$62K$542K 990 PDF
FY2024 Viewing $292K$153K$140K$480K 990 PDF
FY2023 $60K$340K 990 PDF
FY2022 $13K$301K 990 PDF
FY2021 $71K$344K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $292,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,050$250,952
I-9 Program service revenue$0
I-10 Investment incomePrior year $28,119$41,430
I-11 Other revenuePrior year $21,032$0
I-12 Total revenuePrior year $60,201$292,382
I-13 Grants and similar amounts paidPrior year $16,500$49,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,538$103,587
I-18 Total expensesPrior year $21,038$152,587
I-19 Revenue less expensesPrior year $39,163$139,795
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $292,382 across 6 lines filed
VIII-1e Government grants$150,000
VIII-1f All other contributions, gifts and grants$34,158
VIII-1h Total contributions, gifts and grants$250,952
VIII-3 Investment incomeRelated to mission $41,430$41,430
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $41,430$292,382
Part IX · Statement of functional expenses $152,587 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $49,000$49,000
IX-11c Accounting feesPrograms $12,000$12,000
IX-11f Investment management feesPrograms $803$803
IX-12 Advertising and promotionPrograms $1,699$1,699
IX-13 Office expensesPrograms $5,927$5,927
IX-14 Information technologyPrograms $777$777
IX-16 OccupancyPrograms $4,500$4,500
IX-23 InsurancePrograms $1,380$1,380
IX-24 Other expenses (24a–d)Programs $27,534$27,534
IX-24e All other expensesPrograms $3,567 · Fundraising $45,400$48,967
IX-25 Total functional expensesPrograms $107,187 · Management $0 · Fundraising $45,400$152,587
Part X · Balance sheet $512,169 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $39,618$25,138
X-2 Savings and temporary cash investmentsStart of year $294,241$332,365
X-4 Accounts receivable$150,000
X-9 Prepaid expenses and deferred chargesStart of year $5,666$4,666
X-16 Total assetsStart of year $340,520$512,169
X-17 Accounts payable and accrued expensesStart of year $574$32,428
X-26 Total liabilitiesStart of year $574$32,428
X-27 Net assets without donor restrictionsStart of year $339,946$479,741
X-32 Total net assets or fund balancesStart of year $339,946$479,741
X-33 Total liabilities and net assetsStart of year $340,520$512,169
Part XI · Reconciliation of net assets $479,741 net assets at year end
XI-1 Total revenue$292,382
XI-2 Total expenses$152,587
XI-3 Revenue less expenses$139,795
XI-4 Net assets at start of year$339,946
XI-10 Net assets at end of year$479,741

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

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