Civic Intelligence

Lambda Iota Society Inc

990 • Fiscal year 2018 • EIN 03-0188730

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 13, 2018

CO Jgoldsbury 578 Sunderland WdsColchester, VT 05446

(802) 233-5977

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.16x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

8.66x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Net Margin

33rd percentile

-1.1%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

24th percentile

-3.4%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

2.0%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,526,739

Down $54,239 (-3.4%) from 2017

Net Assets

Down

-$247,097

Down $2,336 (-1.0%) from 2017

Liabilities

Down

$1,773,836

Down $51,903 (-2.8%) from 2017

Revenue

Up

$204,855

Up $3,976 (+2.0%) from 2017

Expenses

Down

$207,191

Down $140 (-0.1%) from 2017

Net Income

Up

-$2,336

Up $4,116 (+64%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2011: $544,507Liabilities 2011: $641,981Net Assets 2011: -$97,4742011Assets 2012: $1,462,780Liabilities 2012: $1,581,912Net Assets 2012: -$119,1322012Assets 2013: $1,605,083Liabilities 2013: $1,769,701Net Assets 2013: -$164,6182013Assets 2014: $1,676,343Liabilities 2014: $1,861,790Net Assets 2014: -$185,4472014Assets 2015: $1,725,159Liabilities 2015: $1,929,000Net Assets 2015: -$203,8412015Assets 2016: $1,651,705Liabilities 2016: $1,890,014Net Assets 2016: -$238,3092016Assets 2017: $1,580,978Liabilities 2017: $1,825,739Net Assets 2017: -$244,7612017Assets 2018: $1,526,739Liabilities 2018: $1,773,836Net Assets 2018: -$247,0972018Assets 2019: $1,472,567Liabilities 2019: $1,705,299Net Assets 2019: -$232,7322019Assets 2020: $1,425,651Liabilities 2020: $1,638,517Net Assets 2020: -$212,8662020Assets 2021: $1,373,009Liabilities 2021: $1,673,058Net Assets 2021: -$300,0492021Assets 2022: $1,334,083Liabilities 2022: $1,719,520Net Assets 2022: -$385,4372022Assets 2023: $1,275,548Liabilities 2023: $1,680,944Net Assets 2023: -$405,3962023Assets 2024: $1,253,477Liabilities 2024: $1,631,639Net Assets 2024: -$378,1622024

Highlighted filing

2018

Assets$1,526,739
Liabilities$1,773,836
Net Assets-$247,097

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $81,874Expenses 2011: $76,581Net Income 2011: $5,2932011Revenue 2012: $113,878Expenses 2012: $135,536Net Income 2012: -$21,6582012Revenue 2013: $114,338Expenses 2013: $159,824Net Income 2013: -$45,4862013Revenue 2014: $161,190Expenses 2014: $182,019Net Income 2014: -$20,8292014Revenue 2015: $203,495Expenses 2015: $221,889Net Income 2015: -$18,3942015Revenue 2016: $180,356Expenses 2016: $214,824Net Income 2016: -$34,4682016Revenue 2017: $200,879Expenses 2017: $207,331Net Income 2017: -$6,4522017Revenue 2018: $204,855Expenses 2018: $207,191Net Income 2018: -$2,3362018Revenue 2019: $225,798Expenses 2019: $211,433Net Income 2019: $14,3652019Revenue 2020: $256,950Expenses 2020: $237,084Net Income 2020: $19,8662020Revenue 2021: $342,025Expenses 2021: $429,208Net Income 2021: -$87,1832021Revenue 2022: $219,674Expenses 2022: $305,062Net Income 2022: -$85,3882022Revenue 2023: $232,530Expenses 2023: $252,489Net Income 2023: -$19,9592023Revenue 2024: $287,598Expenses 2024: $260,364Net Income 2024: $27,2342024

Highlighted filing

2018

Revenue$204,855
Expenses$207,191
Net Income-$2,336
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$204,855
Mission and Program Overview

Mission

Operation of a local fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,580,375$1,526,034▼ $54,341
Loans From Officers Directors$697,000$698,332▲ $1,332
Cash and Non-Interest-Bearing Accounts$603$705▲ $102
Rtn Earn Endowment Incm Other Fnds$-244,761$-247,097▼ $2,336
Total Assets$1,580,978$1,526,739▼ $54,239
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,115,739$1,062,504▼ $53,235
Deferred Revenue$13,000$13,000→ $0
Total Liabilities$1,825,739$1,773,836▼ $51,903
Net Assets / Fund Balance
Total Net Assets Fund Balance$-244,761$-247,097▼ $2,336
Total Liabilities and Net Assets / Fund Balance$1,580,978$1,526,739▼ $54,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,521,033$436,947$1,957,980
Equipment$1$40,595$40,596
Other Land Buildings-$5,882$5,882
Land$5,000-$5,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joel SodanoCommunications Director
Christopher GookinCharimanpres
Jason VerdoSecretary
Spencer BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,321
Program Service Revenue
$189,534
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$79,657--$79,657
Depreciation Depletion$54,341--$54,341
All Other Expenses$18,823--$18,823
Insurance$8,990--$8,990
Advertising-$446-$446
Other Expenses$18,536$83-$83
Total Functional Expenses$199,838$7,353$0$207,191
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$697,000$698,332▲ $1,332
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The completed form 990 is reviewed by the organizations treasurer before signature and filing.

Governing documents etc available to public Part VI line 19

The organizations annual tax returns are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lambda Iota Society Inc
EIN
03-0188730
Address
CO JGOLDSBURY 578 SUNDERLAND WDS, COLCHESTER, VT 05446

Signing Officer

Name
Spencer Baker
Title
Treasurer
Phone
8022335977
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Gookin
Formed
1836
Legal Domicile
Vt
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
50

Preparer

Firm
J A Goldsbury PC
Address
1795 Williston Road Suite 130, South Burlington, VT 05403
Preparer
James A Goldsbury CPA
Phone
8028636788
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.3.6.103
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTm010:03:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030367787
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0J A Goldsbury PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01795 Williston Road Suite 130
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0South Burlington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd005403
ReturnHeader/PreparerPersonGrp/PhoneNum08028636788
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James A Goldsbury CPA
ReturnHeader/ReturnTs02018-11-14T09:45:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.25$1.63$0.38$0.29$0.26$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.28$1.68$0.41$0.23$0.25$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.33$1.72$0.39$0.22$0.31$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.37$1.67$0.30$0.34$0.43$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.43$1.64$0.21$0.26$0.24$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.47$1.71$0.23$0.23$0.21$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.53$1.77$0.25$0.20$0.21$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.58$1.83$0.24$0.20$0.21$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.65$1.89$0.24$0.18$0.21$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.73$1.93$0.20$0.20$0.22$0.02
2014Summary only. Only limited summary data is available for this year.$1.68$1.86$0.19$0.16$0.18$0.02
2013Summary only. Only limited summary data is available for this year.$1.61$1.77$0.16$0.11$0.16$0.05
2012Summary only. Only limited summary data is available for this year.$1.46$1.58$0.12$0.11$0.14$0.02
2011Summary only. Only limited summary data is available for this year.$0.54$0.64$0.10$0.08$0.08$0.01