Overview
What is Lambda Corporation?
Lambda Corporation is a nonprofit organization situated in Creve Coeur, Missouri. Its primary mission is to support the educational pursuits of young individuals by owning and maintaining a fraternity house, Phi Gamma Delta, at DePauw University. This fraternity house provides housing, dining, and recreational facilities for its members, contributing to their overall university experience. Lambda Corporation employs a small team of three individuals dedicated to this cause.
Is Lambda Corporation legitimate?
Lambda Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lambda Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,398
For more financial information, click here
What is the mission statement of Lambda Corporation?
Lambda Corporation's mission is centered around supporting the educational pursuits of youth. They achieve this by owning and maintaining a fraternity house, specifically Phi Gamma Delta, at Depauw University. The corporation's activities include providing housing, dining, and recreational facilities for the fraternity members, aiming to enhance their university experience. By doing so, Lambda Corporation contributes to the overall educational environment and development of the students affiliated with Phi Gamma Delta.
What is the revenue of Lambda Corporation?
Lambda Corporation's revenue in 2024 was $292,147.
Who are the executives of Lambda Corporation and what are their salaries?
The average compensation at Lambda Corporation during 2024 was $7,100. There are 4 employees at Lambda Corporation.
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Where can I find the form 990 for Lambda Corporation?
Lambda Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lambda Corporation
Lambda Corporation, a notable entity, is devoted to supporting the educational pursuits of its youth by owning and maintaining a fraternity house, Phi Gamma Delta, at DePauw University. The organization's mission extends beyond mere housing, as it also operates facilities for dining and recreation, catering to the needs of its members. Lambda Corporation's primary objective is to foster an environment conducive to learning and personal growth for these students, thereby contributing significantly to their overall university experience.
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Impact
October, 2024
Lambda Corporation significantly impacts the educational environment at DePauw University by owning and maintaining the Phi Gamma Delta fraternity house. This facility supports the academic and personal development of its members through well-maintained housing, dining, and recreational amenities. By providing a structured community where students can live and learn together, Lambda Corporation fosters an atmosphere conducive to educational pursuits, allowing young men to thrive both academically and socially. The fraternity experience enhances the overall collegiate journey, offering opportunities for leadership, collaboration, and lifelong relationships that contribute to personal growth and academic success.
This information is meant to be a general summary of Lambda Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $678
- Program Service Revenue: $40,000
- Gross Receipts: $292,147
Assets and Liabilities:
- Total Assets: $2,987,046
- Total Liabilities: $1,154,697
- Net Assets: $1,832,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$40,000
Organization Details
Founding Year
1954
Principal Officer
Doug Mitchell
NTEE Category
Code: B83 - Education
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