Delta Lambda Foundation INC EIN 52-2045726 Form 990 (PDF) Claim this org

Delta Lambda Foundation INC FY2023 filing

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Empowers youth through community service and development programs. For fiscal year 2023 it reported $116K in revenue, $164K in expenses, and $-127K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Baltimore, MD
Filings
6 on file (2019–2023)
Revenue
$116KFY2023
Expenses
$164K
Net assets
$-127K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  52-2045726 Public charity (501(c)(3)) Baltimore, MD
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers youth through community service and development programs.
Leadership
Paul Ford · Financial Sec
Money in and out
$116K revenue, $164K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$-127K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
1.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$116K
FY2023▲ +9%
Expenses
$164K
FY2023▲ +44%
Total assets
$1.0M
FY2023▲ +4%
Total liabilities
$1.1M
FY2023▲ +9%
Total revenue
$116K
Pt VIII · Ln 12
Total expenses
$164K
Pt IX · Ln 25
Net assets
$-127K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$48K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDelta Lambda Foundation INC
EINHdr · item D52-2045726
Principal addressHdr · item CBaltimore, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B83)
Ruling yearIRS BMFJan 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Financial Sec
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $163K of program spending, described in the organization's own filed words · FY2022.
01

Conducted community meetings and activites, including a commmunity health fair. Also conducted several youth development activities along with the delta lambda chapter of alpha phi alpha fraternity, inc. These included a beautillion program involving some 25 young men from the baltimore area.

$163Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$112K · 97%
Contributions & grants$4K · 3%
Other revenue97%$112K
Contributions & grants3%$4K
Investment income$14
Total revenueLn 12$116K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$163K
Management & general$456
Total functional expensesLn 25$164K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$-127K
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $164K
1.1 months
Where the money goes
Program services
Program services $163K · Total expenses $164K
100%
Management & General
Management & general $456 · Total expenses $164K
0.3%
Fundraising
Fundraising $0 · Total expenses $164K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $4K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4K · Total revenue $116K
3%
Government reliance
Government grants — · Total revenue $116K
Earned-income share
Program service revenue $0 · Total revenue $116K
0%
Investment reliance
Investment income $14 · Total revenue $116K
+0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $164K
0%
Growth & trend
Revenue growth (YoY)
This year $116K · Prior year $107K
+9%
Revenue CAGR
FY2018 $173K · FY2022 $116K
-10%
Net-asset trend (YoY)
End of year $-127K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $116K · Expenses $164K
-41%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $-127K · Total assets $1.0M
-13%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Paul Ford · Reported title Financial Sec · Highest reported compensation $0 · Total expenses $164K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $164K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.3%
Fundraising cost ratio 0%
Revenue growth 9%
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 · FY2021
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
FY2024$201K revenue · ⤓ 990 PDF
FY2023$116K revenue · viewing · ⤓ 990 PDF
FY2022$107K revenue · ⤓ 990 PDF
FY2021$109K revenue · ⤓ 990 PDF
FY2020$139K revenue · ⤓ 990 PDF
FY2019$173K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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