Civic Intelligence

Ohio Lambda Company

990 • Fiscal year 2024 • EIN 23-7202543

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 26, 2024

Organization ProfileN/A
205 McCUTCHEON RDGahanna, OH 43230

(614) 397-4266

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$977,697

Up $327,945 (+50%) from 2023

Net Assets

Up

$13,341

Up $40,171 (+150%) from 2023

Liabilities

Up

$964,356

Up $287,774 (+43%) from 2023

Revenue And Expenses

Revenue

Up

$178,044

Up $61,394 (+53%) from 2023

Expenses

Up

$137,873

Up $33,260 (+32%) from 2023

Net Income

Up

$40,171

Up $28,134 (+234%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2016: $73,336Liabilities 2016: $64,052Net Assets 2016: $9,2842016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $386,207Liabilities 2018: $410,248Net Assets 2018: -$24,0412018Assets 2019: $376,833Liabilities 2019: $420,064Net Assets 2019: -$43,2312019Assets 2020: $347,448Liabilities 2020: $408,315Net Assets 2020: -$60,8672020Assets 2021: $300,328Liabilities 2021: $374,707Net Assets 2021: -$74,3792021Assets 2022: $649,046Liabilities 2022: $448,998Net Assets 2022: $200,0482022Assets 2023: $649,752Liabilities 2023: $676,582Net Assets 2023: -$26,8302023Assets 2024: $977,697Liabilities 2024: $964,356Net Assets 2024: $13,3412024Assets 2025: $1,006,508Liabilities 2025: $946,589Net Assets 2025: $59,9192025

Highlighted filing

2024

Assets$977,697
Liabilities$964,356
Net Assets$13,341
Open 2024 Filing

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $3,043Expenses 2016: $54,968Net Income 2016: -$51,9252016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $68,000Expenses 2018: $67,569Net Income 2018: $4312018Revenue 2019: $71,200Expenses 2019: $90,390Net Income 2019: -$19,1902019Revenue 2020: $76,400Expenses 2020: $94,036Net Income 2020: -$17,6362020Revenue 2021: $76,000Expenses 2021: $89,512Net Income 2021: -$13,5122021Revenue 2022: $120,147Expenses 2022: $95,720Net Income 2022: $24,4272022Revenue 2023: $116,650Expenses 2023: $104,613Net Income 2023: $12,0372023Revenue 2024: $178,044Expenses 2024: $137,873Net Income 2024: $40,1712024Revenue 2025: $203,282Expenses 2025: $155,973Net Income 2025: $47,3092025

Highlighted filing

2024

Revenue$178,044
Expenses$137,873
Net Income$40,171
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 26, 2024
Return Version
2023v5.1
Gross Receipts
$178,044
Mission and Program Overview

Mission

The ohio lambda company operates as a social club as described under section 501(c)(7) of the code. The organization owns and operates a 25 member fraternity house for students of miami university in oxford, ohio. Ohio lambda company collects rent and membership dues from the undergraduate members to be used to pay for the maintenance, upkeep and operation of the house. These expenses include but are not limited to utilities, repairs and improvements. In addition, the organization distributes 30% of its revenue to the undergraduate members to be used for social purposes. All undergraduates are required to pay annual dues to the organization. Undergraduates that live in the house during the year pay rent as an addition to their membership dues. All undergraduates are considered members of the organization.

Operating a 35 member fraternity house for students of miami university in oxford ohio

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$606,475$936,420▲ $329,945
Cash and Non-Interest-Bearing Accounts$43,277$41,277▼ $2,000
Rtn Earn Endowment Incm Other Fnds$-26,830$13,341▲ $40,171
Total Assets$649,752$977,697▲ $327,945
Liabilities
Mortgage Notes Payable Secured by Investment Property$543,729$800,004▲ $256,275
Other Liabilities$120,053$133,552▲ $13,499
Escrow Account Liability$12,800$20,800▲ $8,000
Deferred Revenue-$10,000-
Total Liabilities$676,582$964,356▲ $287,774
Net Assets / Fund Balance
Total Net Assets Fund Balance$-26,830$13,341▲ $40,171
Total Liabilities and Net Assets / Fund Balance$649,752$977,697▲ $327,945

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$896,696$354,275$1,250,971
Other Land Buildings$29,724$66,380$96,104
Land$10,000-$10,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
John FenstemacherPresident
Bill OwensVice President
Brian ElkowitzTrustee
Dan ConwayTrustee
Jeffrey SloanTrustee
Jerry BeigelTrustee
Steve LeonardTrustee
Steven ConlinTrustee
David WhiteAsst Treasurer
Joe FisherSecretary
James McgrathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,494
Program Service Revenue
$150,550
Investment Income
$0
Other Revenue
$0
All Other Contributions
$27,494
Change in Net Assets
$40,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,873
Total Fundraising Expense$115
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$48,510--$48,510
Interest-$42,752-$42,752
Occupancy$20,648--$20,648
Insurance$3,104--$3,104
Fees for Services Accounting-$2,900-$2,900
Fees for Services Other---$621
Other Expenses$7,573-$115$115
Total Functional Expenses$91,485$45,652$115$137,873
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Alumni Loans$133,552
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Part VI Line 11B

“Tax returns are reviewed by the treasurer prior to filing”

Part VI Line 18

“All documents are made available upon request.”

Part VI Line 19

“All documents are made available upon request.”

Part VI Line 18,19

“All documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Ohio Lambda Company
EIN
23-7202543
In Care Of
% JAMES S McGRATH
Phone
6143974266
Address
205 McCUTCHEON RD, GAHANNA, OH 43230

Signing Officer

Name
James S Mcgrath
Title
Treasurer
Phone
6143974266
Signed
2024-11-26

Organization Details

Principal Officer
James S Mcgrath
Formed
1972
Legal Domicile
Oh
Voting Board Members
0
Independent Board Members
0
Employees
0
Supplemental Narrative

Additional Explanations

Part III Line 1

“Ohio. Ohio lambda company collects rent and membership dues from the”

Part III Line 1

“Undergraduate members to be used to pay for maintenance, upkeep and”

Part III Line 1

“Operations of the house. These expenses include but are not limited”

Part III Line 1

“To utilities, repairs and improvements. In addition, a portion of the”

Part III Line 1

“Organization's revenue is distributed to the undergraduate members for”

Part III Line 1

“Educational purposes. All undergraduates are required to pay annual”

Part III Line 1

“Dues to the organization. Undergraduates living in the house during”

Part III Line 1

“The year pay rent in addition to their membership dues.”

Part III Line 1

“All undergraduates are considered members of the organization.”

PART III LINE 4A

“Undergraduates are considered members of the organization.”

Raw XML Appendix357 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OHIO. OHIO LAMBDA COMPANY COLLECTS RENT AND MEMBERSHIP DUES FROM THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNDERGRADUATE MEMBERS TO BE USED TO PAY FOR MAINTENANCE, UPKEEP AND
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TO UTILITIES, REPAIRS AND IMPROVEMENTS. IN ADDITION, A PORTION OF THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ORGANIZATION'S REVENUE IS DISTRIBUTED TO THE UNDERGRADUATE MEMBERS FOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EDUCATIONAL PURPOSES. ALL UNDERGRADUATES ARE REQUIRED TO PAY ANNUAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DUES TO THE ORGANIZATION. UNDERGRADUATES LIVING IN THE HOUSE DURING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE YEAR PAY RENT IN ADDITION TO THEIR MEMBERSHIP DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ALL UNDERGRADUATES ARE CONSIDERED MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UNDERGRADUATES ARE CONSIDERED MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12PART III LINE 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13PART VI LINE 18,19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0649752
IRS990/TotalAssetsEOYAmt0977697
IRS990/TotalAssetsGrp/BOYAmt0649752
IRS990/TotalAssetsGrp/EOYAmt0977697
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt027494
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0115
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt045652
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt091485
IRS990/TotalFunctionalExpensesGrp/TotalAmt0137873
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0676582
IRS990/TotalLiabilitiesEOYAmt0964356
IRS990/TotalLiabilitiesGrp/BOYAmt0676582
IRS990/TotalLiabilitiesGrp/EOYAmt0964356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-26830
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013341
IRS990/TotalProgramServiceExpensesAmt091485
IRS990/TotalProgramServiceRevenueAmt0150550
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0150550
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0178044
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0649752
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0977697
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 McCUTCHEON RD
IRS990/USAddress/CityNm0GAHANNA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043230
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES S MCGRATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06143974266
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OHIO LAMBDA COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0OHIO
ReturnHeader/Filer/EIN0237202543
ReturnHeader/Filer/InCareOfNm0% JAMES S McGRATH
ReturnHeader/Filer/PhoneNum06143974266
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 McCUTCHEON RD
ReturnHeader/Filer/USAddress/CityNm0GAHANNA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043230
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/ReturnTs02024-11-26T14:00:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$977,697
Liabilities
$964,356
Net assets
$13,341
Revenue
$178,044
Expenses
$137,873
Net income
$40,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$0.95$0.06$0.20$0.16$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.98$0.96$0.01$0.18$0.14$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.68$0.03$0.12$0.10$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.65$0.45$0.20$0.12$0.10$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.30$0.37$0.07$0.08$0.09$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.41$0.06$0.08$0.09$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.42$0.04$0.07$0.09$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.41$0.02$0.07$0.07$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.06$0.01$0.00$0.05$0.05