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Nonprofiteer
← PI LAMBDA PHI EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by PI LAMBDA PHI EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$257,161
Total expenses
$212,836
Contributions and grants received
$239,009
Grants paid
$57,187
Program service revenue
$0
Investment income
$18,152
Other revenue
$0
Total assets, end of year
$746,512
Total liabilities, end of year
$60,961
Net assets or fund balances, end of year
$685,551
Program services expenses (Part IX)
$63,887
Management and general expenses
$47,503
Fundraising expenses
$101,446
Program service expenses (Part III)
$63,887

Program services were 30.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $239,009

  • 1g · Noncash contributions included above

    $42,013

  • 3 · Investment income

    total $26,120 · excluded $26,120

  • 7a · Gross sales of assets other than inventory

    securities $409,437

  • 7b · Less cost or other basis and sales expenses

    securities $417,405

  • 7c · Gain or loss

    securities -$7,968

  • 7d · Net gain or loss

    total -$7,968 · excluded -$7,968

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,187 · program services $32,187

  • 2 · Grants to domestic individuals

    total $25,000 · program services $25,000

  • 7 · Other salaries and wages

    total $45,258 · program services $4,526 · management and general $4,526 · fundraising $36,206

  • 8 · Pension plan contributions

    total $1,810 · program services $181 · management and general $181 · fundraising $1,448

  • 10 · Payroll taxes

    total $3,948 · program services $393 · management and general $396 · fundraising $3,159

  • 11a · Fees: management

    total $16,000 · program services $1,600 · management and general $8,000 · fundraising $6,400

  • 11b · Fees: legal

    total $1,392 · management and general $1,392

  • 11c · Fees: accounting

    total $17,037 · management and general $17,037

  • 11f · Fees: investment management

    total $3,686 · management and general $3,686

  • 11g · Fees: other

    total $25,705 · management and general $2,265 · fundraising $23,440

  • 13 · Office expenses

    total $319 · management and general $319

  • 14 · Information technology

    total $6,690 · management and general $6,279 · fundraising $411

  • 23 · Insurance

    total $3,422 · management and general $3,422

  • 24a · Other expenses: FUNDRAISING SOLICITATIO

    total $18,029 · fundraising $18,029

  • 24b · Other expenses: DATABASE QUALITY

    total $11,345 · fundraising $11,345

  • 24c · Other expenses: TRAVEL AND EVENT COSTS

    total $1,008 · fundraising $1,008

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,544 · end of year $39,775

  • 4 · Accounts receivable

    beginning of year $1,213 · end of year $588

  • 11 · Investments: publicly traded securities

    beginning of year $7,204 · end of year $7,796

  • 12 · Investments: other securities

    beginning of year $619,349 · end of year $698,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,901 · end of year $60,961

  • 27 · Net assets without donor restrictions

    beginning of year $227,477 · end of year $203,876

  • 28 · Net assets with donor restrictions

    beginning of year $384,932 · end of year $481,675

Mission and programs · 2024

Mission

TO FUNDRAISE AND STEWARD DONATIONS OF ALUMNI AND FRIENDS OF PILAM IN ORDER TO AWARD SCHOLARSHIPS AND HELP FUND OTHER EDUCATIONAL INITIATIVES FOR ITS UNDERGRADUATE MEMBERS.

Activities or mission (Part I)

TO FUNDRAISE AND STEWARD DONATIONS IN ORDER TO AWARD SCHOLARSHIPS AND ASSIST OTHER EDUCUATIONAL INITIATIVES OF UNDERGRADUATE MEMBERS.

  • THE ORGANIZATION RECEIVES DONATIONS FROM ALUMI AND FRIENDS OF PILAM IN ORDER TO PROVIDE GRANTS TO INDIVIDUALS AND ELIGIBLE ORGANIZATIONS. DURING THE YEAR ENDED JUNE 30, 2025, A TOTAL OF 18 SCHOLARSHIPS WERE AWARDED TO 18 STUDENTS.

    Expenses $63,887 · Grants $57,187 · Revenue $238,759

As filed on the 2024 return.

Listed in Part VII

  • Gary Sanders

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Travis Collings

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • James B Morris Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Roger Orloff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Scott

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert D Klausner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Daniel Webster

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • PI LAMBDA PHI FRATERNITY

    $16,150

    GRANT FOR PURPOSES OF PRODUCING AND CONDUCTING THE LEADERSHIP INSTITUTE FOR THE OFFICERS OF THE FRATERNITY'S UNDERGRADUATE CHAPTERS.

  • LEHIGH UNIVERSITY FOUNDATION

    $15,429

    GRANT FOR PURPOSES OF FURNISHING AND EDUCATIONAL EQUIPMENT FOR CHAPTER HOUSE.

Provenance

Return type
form_990
Tax year
2024
Filed
16 April 2026
IRS schema version
2024v5.5
Source object
202641109349300404

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