Phi Lambda Theta Chapter FY2024 filing

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Provide educational, social & recreational place to live

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1699000) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $447 a year · 0.2% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
109
of 109 voting members
109 of 109 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$207K
+5% vs prior year
Spent
$199K
To programs
99%
Net assets
$16K
By yearFY2021–FY2025
Revenue
$207K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$162K
FY2022$214K
FY2023$197K
FY2024$207K
FY2025$233K
Expenses
$199K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$150K
FY2022$216K
FY2023$206K
FY2024$199K
FY2025$245K
Net assets
$16K
FY2024▲ +85%
Tap a bar for its year
Net assets by fiscal year
FY2021$19K
FY2022$17K
FY2023$9K
FY2024$16K
FY2025$5K

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

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 May 1972.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $198K Management & general 1% · $2K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Historian (z
$0Pt VII · Sec A
Treasurer (d
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary (g
$0Pt VII · Sec A
Risk Manager
$0Pt VII · Sec A
Brotherhood
$0Pt VII · Sec A
President (a
$0Pt VII · Sec A
Recruit Chai
$0Pt VII · Sec A
See Phi Lambda Theta Chapter 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

Offers a place to live with educational, social, and recreational opportunities.

Questions for Phi Lambda Theta Chapter

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1 program · in their own filed words · FY2023
01

Provide members with an educational, social and recreational place to live and learn

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1699000) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$207K
Ln 12
Fees for servicesLn 2g$207K
Money outPt IX
$199K
Ln 25
Programscol B$198K
Managementcol C$2K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a109
IndependentVI 1b109
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$207K
Total revenueLn 12$207K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Total assetsLn 16$16K
LiabilitiesLn 26$0
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$9K$16K
Total assetsLn 16$9K$16K
LiabilitiesLn 26$0$0
Net assetsLn 32$9K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
OccupancyLn 16$46K$46K
Other expenses (24a–d)Ln 24$138K$138K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$199K$198K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 23, 2025 $233K$245K−$11K$5K 990 PDF
FY2024 ViewingFiled with the IRS May 29, 2025 $207K$199K$8K$16K 990 PDF
FY2023Filed with the IRS Nov 12, 2023 $197K$206K−$8K$9K 990 PDF
FY2022Filed with the IRS Oct 6, 2022 $214K$216K−$2K$17K 990 PDF
FY2021Filed with the IRS Dec 8, 2021 $162K$150K$11K$19K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $206,798 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $197,222$206,798
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $197,222$206,798
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $205,576$199,243
I-18 Total expensesPrior year $205,576$199,243
I-19 Revenue less expensesPrior year −$8,354$7,555
Part VI · Governance 109 of 109 board members independent, 4 to look at
VI-1a Voting members of the governing body109
VI-1b Independent voting members109
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $206,798 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $206,798$206,798
VIII-12 Total revenueExcluded from tax $206,798$206,798
Part IX · Statement of functional expenses $199,243 across 4 lines filed
IX-11c Accounting feesManagement $1,542$1,542
IX-16 OccupancyPrograms $46,059$46,059
IX-24 Other expenses (24a–d)Programs $137,840$137,840
IX-24e All other expensesPrograms $13,802$13,802
IX-25 Total functional expensesPrograms $197,701 · Management $1,542 · Fundraising $0$199,243
Part X · Balance sheet $16,439 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $8,884$16,439
X-16 Total assetsStart of year $8,884$16,439
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $8,884$16,439
X-32 Total net assets or fund balancesStart of year $8,884$16,439
X-33 Total liabilities and net assetsStart of year $8,884$16,439
Part XI · Reconciliation of net assets $16,439 net assets at year end
XI-1 Total revenue$206,798
XI-2 Total expenses$199,243
XI-3 Revenue less expenses$7,555
XI-4 Net assets at start of year$8,884
XI-10 Net assets at end of year$16,439

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

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