Beta Lambda Educational Foundation EIN 43-1586340 Form 990 (PDF) Claim this org

Beta Lambda Educational Foundation FY2020 filing

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Improves community welfare, focusing on education and culture for the underprivileged in Greater Kansas City. For fiscal year 2020 it reported $252K in revenue, $43K in expenses, and $381K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Kansas City, MO
Website
www.betalambda.org
Filings
5 on file (2020–2020)
Revenue
$252KFY2020
Expenses
$43K
Net assets
$381K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-1586340 Public charity (501(c)(3)) Kansas City, MO
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Improves community welfare, focusing on education and culture for the underprivileged in Greater Kansas City.
Leadership
Leonard Graham · President
Money in and out
$252K revenue, $43K expenses
Bottom line
53% program efficiency
Where the money goes · FY2020
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$381K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $209K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.45 Fundraising $0.01
Program efficiency
53%
of spending reaches programs
Operating runway
104.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+83%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$252K
FY2020
Expenses
$43K
FY2020
Total assets
$404K
FY2020
Total liabilities
$23K
FY2020
Total revenue
$252K
Pt VIII · Ln 12
Total expenses
$43K
Pt IX · Ln 25
Net assets
$381K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$209K
Total assetsPt X · Ln 16$404K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBeta Lambda Educational Foundation
EINHdr · item D43-1586340
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jwww.betalambda.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82Z)
Ruling yearIRS BMFMay 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Director Educational Activ
$0Pt VII · Sec A
Chapter President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $23K of program spending, described in the organization's own filed words · FY2020.
01

The organization normally sponsors College Tours to allow high school students to visit college, universities to generate their interest in pursuing higher education. Most of the tours were cancelled in 2020 due to COVID-19.

$20Kprogram expense
02

Educational Scholarships

Awarded one $2,000 scholarship and one $500 scholarships; Also gave a McGee Award of $500 for veterans housing project.

$3Kprogram expense

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Statement of Revenue

Part VIII
Investment income$213K · 84%
Program service revenue$19K · 7%
Contributions & grants$13K · 5%
Other revenue$7K · 3%
Investment income84%$213K
Program service revenue7%$19K
Contributions & grants5%$13K
Other revenue3%$7K
Total revenueLn 12$252K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.45 Fundraising $0.01
Program services53%$23K
Management & general45%$20K
Fundraising1%$583
Total functional expensesLn 25$43K

Balance Sheet

Part X · end of year
CashLn 1$375K
Total assetsLn 16$404K
Total liabilitiesLn 26$23K
Total net assetsLn 32$381K
Months of cash on handcomputed104.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $375K · Operating expenses/yr $43K
104.8 months
Where the money goes
Program services
Program services $23K · Total expenses $43K
53%
Management & General
Management & general $20K · Total expenses $43K
45%
Fundraising
Fundraising $583 · Total expenses $43K
1%
Cost to raise $1
Fundraising expense $583 · Solicited contributions $13K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $13K · Total revenue $252K
5%
Government reliance
Government grants — · Total revenue $252K
Earned-income share
Program service revenue $19K · Total revenue $252K
7%
Investment reliance
Investment income $213K · Total revenue $252K
+84%
Program self-sufficiency
Program service revenue $19K · Total expenses $43K
44%
Growth & trend
Revenue growth (YoY)
This year $252K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $381K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $252K · Expenses $43K
+83%
Liabilities-to-Assets
Total liabilities — · Total assets $404K
Net-asset ratio
Net assets $381K · Total assets $404K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $404K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leonard Graham · Reported title President · Highest reported compensation $0 · Total expenses $43K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $43K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 45%
Fundraising cost ratio 4%
Accounting fee ratio 2%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$5K
Grants paid · 3 grants · $16K · 2022–2024
Unitemized GrantFY2024$4,000
Unitemized GrantFY2023$4,500
Unitemized GrantFY2022$8,000

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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
FY2024 (Latest)$167K revenue · ⤓ 990 PDF
FY2023$171K revenue · ⤓ 990 PDF
FY2022$174K revenue · ⤓ 990 PDF
FY2021$25K revenue · ⤓ 990 PDF
FY2020$252K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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