Lambda Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237297749 ✦ Bloomington, IN ✦ Designated as a 501(c)(7)

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Overview

What is Lambda Corporation?

Lambda Corporation is a nonprofit organization that specifically caters to the housing needs of active chapter members while they attend Indiana University. Their primary purpose is to offer suitable living accommodations, ensuring these students have a comfortable and conducive environment for their academic pursuits. This organization's mission is deeply rooted in supporting the Indiana University community, particularly its student chapter members, by providing them with housing during their time at the university.


Official website here: www.none

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: $0

For more financial information, click here


Official website here: www.none

What is the mission statement of Lambda Corporation?

Lambda Corporation's mission, as stated, revolves around providing housing accommodations for its active chapter members during their time at Indiana University. In essence, the corporation's purpose is to ensure a comfortable living space for its members while they are pursuing their studies. This mission is carried out by offering housing solutions within the university premises, thereby facilitating their academic journey.


Official website here: www.none

Who is the CEO of Lambda Corporation?

Kevin Koven is the President of Lambda Corporation.


Official website here: www.none

What is the revenue of Lambda Corporation?

Lambda Corporation's revenue in 2022 was $295,853.


Official website here: www.none

Who are the executives of Lambda Corporation and what are their salaries?


Here are 2 key members and their salaries:


Jeffery Brown (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Koven (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.none

Where can I find the form 990 for Lambda Corporation?

Lambda Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.none

Learn more at the official website: www.none

Mission Statement of Lambda Corporation

Lambda Corporation, an organization, is dedicated to providing housing solutions for its active chapter members during their tenure at Indiana University. Its primary mission is to ensure that these students have a suitable living space while focusing on their academic pursuits. By offering housing, Lambda Corporation aims to support the overall well-being and academic success of its members, making their university experience more comfortable and productive.

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Impact




October, 2024

Lambda Corporation plays a significant role in supporting the educational journey of active chapter members attending Indiana University by providing stable housing solutions. This initiative helps alleviate one of the major challenges students face—the high cost and competitiveness of housing in the area.

By ensuring that members have access to reliable accommodations, Lambda Corporation fosters a sense of community and belonging, which is crucial for academic success and personal development. The provision of housing allows students to focus on their studies and campus involvement without the added stress of securing a place to live.

Moreover, Lambda Corporation reinforces the importance of education by creating an environment where members can thrive academically while building lifelong relationships. This commitment to student welfare not only enhances the overall educational experience at Indiana University but also contributes to the development of engaged and supportive leaders in the future.




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.

Revenue
$295,853 (2022)
Expenses
$437,331 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $409
  • Program Service Revenue: $295,444
  • Gross Receipts: $295,853

Assets and Liabilities:

  • Total Assets: $1,065,627
  • Total Liabilities: $1,102,234
  • Net Assets: -$36,607

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Rent

Revenue

$295,444

Organization Details

Founding Year

1953

Principal Officer

Kevin Koven

Main Address

Greek Accounting PO Box 502, Bloomington, IN, 47402

Website

www.none

NTEE Category

Code: B83 - Education

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