Civic Intelligence

Lambda Iota Society Inc

990 • Fiscal year 2021 • EIN 03-0188730

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

Organization Profilelambdaiota.org
CO J Goldsbury 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

98th percentile

1.22x

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

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

4.89x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Net Margin

8th percentile

-25%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Asset Growth

15th percentile

-3.7%

Faster asset growth than 15% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

33%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,373,009

Down $52,642 (-3.7%) from 2020

Net Assets

Down

-$300,049

Down $87,183 (-41%) from 2020

Liabilities

Up

$1,673,058

Up $34,541 (+2.1%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin8th percentile

Revenue

Up

$342,025

Up $85,075 (+33%) from 2020

Expenses

Up

$429,208

Up $192,124 (+81%) from 2020

Net Income

Down

-$87,183

Down $107,049 (-539%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

2021

Assets$1,373,009
Liabilities$1,673,058
Net Assets-$300,049
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

2021

Revenue$342,025
Expenses$429,208
Net Income-$87,183
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.1
Gross Receipts
$342,025
Mission and Program Overview

Mission

Operation of a local fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,418,258$1,365,899▼ $52,359
Loans From Officers Directors$622,899$181,070▼ $441,829
Cash and Non-Interest-Bearing Accounts$7,393$7,110▼ $283
Rtn Earn Endowment Incm Other Fnds$-212,866$-300,049▼ $87,183
Total Assets$1,425,651$1,373,009▼ $52,642
Liabilities
Mortgage Notes Payable Secured by Investment Property$948,193$1,474,483▲ $526,290
Deferred Revenue$67,425$17,505▼ $49,920
Total Liabilities$1,638,517$1,673,058▲ $34,541
Net Assets / Fund Balance
Total Net Assets Fund Balance$-212,866$-300,049▼ $87,183
Total Liabilities and Net Assets / Fund Balance$1,425,651$1,373,009▼ $52,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,360,899$597,081$1,957,980
Equipment-$40,596$40,596
Other Land Buildings-$5,882$5,882
Land$5,000-$5,000
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
John WagerCommunications Director
Christopher GookinCharimanpres
Jason VerdoSecretary
Spencer BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,861
Program Service Revenue
$330,164
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-87,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,208
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$110,785--$110,785
Depreciation Depletion$52,359--$52,359
Occupancy$21,749--$21,749
Information Technology$11,456--$11,456
Insurance$11,261--$11,261
Fees for Services Legal-$5,346-$5,346
Other Expenses$1,959$6,623-$1,959
Office Expenses-$371-$371
Total Functional Expenses$416,868$12,340$0$429,208
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$622,899$181,070▼ $441,829
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 J GOLDSBURY 578 SUNDERLAND WDS, COLCHESTER, VT 05446

Signing Officer

Name
Spencer Baker
Title
Treasurer
Phone
8022335977
Signed
2022-04-29
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

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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/ReturnTs02022-04-29T13:02:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SPENCER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAKER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,373,009
Liabilities
$1,673,058
Net assets
-$300,049
Revenue
$342,025
Expenses
$429,208
Net income
-$87,183
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