Civic Intelligence

Lambda Iota Society Inc

990 • Fiscal year 2023 • EIN 03-0188730

Jul 01, 2022 to Jun 30, 2023 • Filed on May 10, 2024

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

1.32x

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

7.23x

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

16th percentile

-8.6%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

18th percentile

-4.4%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

5.9%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,275,548

Down $58,535 (-4.4%) from 2022

Net Assets

Down

-$405,396

Down $19,959 (-5.2%) from 2022

Liabilities

Down

$1,680,944

Down $38,576 (-2.2%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin16th percentile

Revenue

Up

$232,530

Up $12,856 (+5.9%) from 2022

Expenses

Down

$252,489

Down $52,573 (-17%) from 2022

Net Income

Up

-$19,959

Up $65,429 (+77%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2023

Assets$1,275,548
Liabilities$1,680,944
Net Assets-$405,396
Open 2023 Filing

Operations Trend

Revenue Growth47th 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

2023

Revenue$232,530
Expenses$252,489
Net Income-$19,959
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 10, 2024
Return Version
2022v5.0
Gross Receipts
$232,530
Mission and Program Overview

Mission

Operation of a local fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,319,475$1,273,053▼ $46,422
Loans From Officers Directors$297,803$314,000▲ $16,197
Cash and Non-Interest-Bearing Accounts$14,608$2,495▼ $12,113
Rtn Earn Endowment Incm Other Fnds$-385,437$-405,396▼ $19,959
Total Assets$1,334,083$1,275,548▼ $58,535
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,421,717$1,366,944▼ $54,773
Total Liabilities$1,719,520$1,680,944▼ $38,576
Net Assets / Fund Balance
Total Net Assets Fund Balance$-385,437$-405,396▼ $19,959
Total Liabilities and Net Assets / Fund Balance$1,334,083$1,275,548▼ $58,535

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,268,053$689,927$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 Pay80th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$11,030
Program Service Revenue
$221,500
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,030
Change in Net Assets
$-19,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$252,489
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$66,904--$66,904
Depreciation Depletion$46,422--$46,422
Occupancy$24,578--$24,578
Insurance$15,158--$15,158
Information Technology$5,939--$5,939
Other Expenses$2,400$8,153-$2,400
Office Expenses-$506-$506
Fees for Services Legal-$25-$25
Total Functional Expenses$243,805$8,684$0$252,489
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$297,803$314,000▲ $16,197
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Services-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
President
Phone
8022335977
Signed
2024-05-10
Discuss with paid preparer
No

Organization Details

Principal Officer
Christopher Gookin
Formed
1836
Legal Domicile
Vt
Voting Board Members
5
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/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SPENCER BAKER
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ReturnHeader/BusinessOfficerGrp/PhoneNum08022335977
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0South Burlington
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James A Goldsbury CPA
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ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,275,548
Liabilities
$1,680,944
Net assets
-$405,396
Revenue
$232,530
Expenses
$252,489
Net income
-$19,959
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