Lambda Chapter Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 54-0379350)

Revenue by fiscal year
FY2020	$232K
FY2021	$7K
FY2022	$1K

Net assets by fiscal year
FY2020	$125K
FY2021	$99K
FY2022	$98K

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. IRS ruling in Dec 1940.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation

Christopher Browning

House Corp T

$0Pt VII · Sec A

Gregory Lennon

House Corp P

$0Pt VII · Sec A

Paul Reilly

House Corp M

$0Pt VII · Sec A

Carl Retzloff

House Corp M

$0Pt VII · Sec A

Don Skelly

House Corp M

$0Pt VII · Sec A

Thomas Tagle

House Corp M

$0Pt VII · Sec A

See Lambda Chapter Corporation executive salaries →

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 15aNo

Programs and updates

Builds and manages housing for college fraternity members.

Questions for Lambda Chapter Corporation

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1 program · in their own filed words · FY2019

01

Provide room and board, supervision, and alumni contacts for undergraduate members of a local Chapter of a national fraternal organization on the campus of an educational institution

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 54-0379350) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$232K

Ln 12

Fees for servicesLn 2g$232K

Investment incomeLn 3$44

Money outPt IX

$250K

Ln 25

Owns and owesPt X

$125K

net assets · Ln 32

Cash and savingsLn 1–2$122K

Total assetsLn 16$126K

LiabilitiesLn 26$902

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$232K

Investment incomeLn 3$44

Total revenueLn 12$232K

Assets in detailPt X, end of year

CashLn 1$122K

Cash and savings togetherLn 1–2$122K

Other assetsLn 15$4K

Total assetsLn 16$126K

LiabilitiesLn 26$902

Net assetsLn 32$125K

OperationsPt I, VI

EmployeesI 52

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$144K	$122K
Total assetsLn 16	$144K	$126K
LiabilitiesLn 26	$876	$902
Net assetsLn 32	$143K	$125K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$117K
Payroll taxesLn 10	$8K
Accounting feesLn 11c	$3K
OccupancyLn 16	$1K
Other expenses (24a–d)Ln 24	$120K
All other expensesLn 24e	$199
Total functional expensesLn 25	$250K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 LatestFiled with the IRS May 5, 2023	$1K			$98K	990 PDF
FY2021Filed with the IRS May 16, 2022	$7K			$99K	990 PDF
FY2020 ViewingFiled with the IRS May 17, 2021	$232K	$250K	−$18K	$125K	990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $232,013 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $304,326$231,969

I-10 Investment income$44

I-11 Other revenue$0

I-12 Total revenuePrior year $304,326$232,013

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $96,976$125,568

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $210,593$124,556

I-18 Total expensesPrior year $307,569$250,124

I-19 Revenue less expensesPrior year −$3,243−$18,111

Part VI · Governance 6 of 6 board members independent, 3 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $232,013 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $231,969$231,969

VIII-3 Investment incomeExcluded from tax $44$44

VIII-12 Total revenueRelated to mission $231,969 · Excluded from tax $44$232,013

Part IX · Statement of functional expenses $250,124 across 6 lines filed

IX-7 Other salaries and wages$117,286

IX-10 Payroll taxes$8,282

IX-11c Accounting fees$2,604

IX-16 Occupancy$1,253

IX-24 Other expenses (24a–d)$120,500

IX-24e All other expenses$199

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$250,124

Part X · Balance sheet $125,918 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $144,003$122,008

X-15 Other assets$3,910

X-16 Total assetsStart of year $144,003$125,918

X-25 Other liabilitiesStart of year $876$902

X-26 Total liabilitiesStart of year $876$902

X-27 Net assets without donor restrictionsStart of year $143,127$125,016

X-32 Total net assets or fund balancesStart of year $143,127$125,016

X-33 Total liabilities and net assetsStart of year $144,003$125,918

Part XI · Reconciliation of net assets $125,016 net assets at year end

XI-1 Total revenue$232,013

XI-2 Total expenses$250,124

XI-3 Revenue less expenses−$18,111

XI-4 Net assets at start of year$143,127

XI-10 Net assets at end of year$125,016

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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Lambda Chapter Corporation FY2020 filing

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lambda Chapter Corporation

By the numbers

Filing history

Schedules filed Part IV

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