Civic Intelligence

Ohio Lambda Company

990 • Fiscal year 2023 • EIN 23-7202543

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 26, 2024

205 McCUTCHEON RDGahanna, OH 43230

(614) 397-4266

Siviq Scores

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

Liabilities / Assets

97th percentile

1.04x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

5.80x

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

39th percentile

0.1%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-2.9%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$649,752

Up $706 (+0.1%) from 2022

Net Assets

Down

-$26,830

Down $226,878 (-113%) from 2022

Liabilities

Up

$676,582

Up $227,584 (+51%) from 2022

Revenue

Down

$116,650

Down $3,497 (-2.9%) from 2022

Expenses

Up

$104,613

Up $8,893 (+9.3%) from 2022

Net Income

Down

$12,037

Down $12,390 (-51%) from 2022

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

2023

Assets$649,752
Liabilities$676,582
Net Assets-$26,830

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

2023

Revenue$116,650
Expenses$104,613
Net Income$12,037
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 26, 2024
Return Version
2022v5.0
Gross Receipts
$116,650
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$512,163$606,475▲ $94,312
Cash and Non-Interest-Bearing Accounts$130,935$43,277▼ $87,658
Accounts Receivable$5,948--
Rtn Earn Endowment Incm Other Fnds$200,048$-26,830▼ $226,878
Total Assets$649,046$649,752▲ $706
Liabilities
Mortgage Notes Payable Secured by Investment Property$360,345$543,729▲ $183,384
Other Liabilities$75,053$120,053▲ $45,000
Escrow Account Liability$13,600$12,800▼ $800
Total Liabilities$448,998$676,582▲ $227,584
Net Assets / Fund Balance
Total Net Assets Fund Balance$200,048$-26,830▼ $226,878
Total Liabilities and Net Assets / Fund Balance$649,046$649,752▲ $706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$574,304$316,437$890,741
Other Land Buildings$22,171$55,708$77,879
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
David WhiteAsst Treasurer
Joe FisherSecretary
James McgrathTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,050
Program Service Revenue
$77,600
Investment Income
$0
Other Revenue
$0
All Other Contributions
$39,050
Change in Net Assets
$12,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,613
Total Fundraising Expense$219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$25,006--$25,006
Interest-$20,480-$20,480
Depreciation Depletion$20,196--$20,196
Other Expenses$19,158$567$219$19,158
Occupancy$18,590--$18,590
Fees for Services Other---$397
Total Functional Expenses$82,950$21,047$219$104,613
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$120,053
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

The treasurer reviews and approves the 990 prior to filing.

Part VI Line 19

All documents are available upon request.

Part VI,section B

Process to review the 990:

Part VI, Section

DOCUMENT AVAILABILITY:

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
8
Independent Board Members
8
Employees
0
Volunteers
15
Supplemental Narrative

Additional Explanations

Part XI Line 9

Correction of previous year's presentation of "addition of

Part XI Line 9

Original building value" of $250,000 did not take into effect

Part III Line 1

Description of organization mission

Part III Line 1

Ohio. Ohio lambda company collects rents and memebership dues

Part III Line 1

From the undergraduate memebers to be used to pay for maintenance

Part III Line 1

Upkeep and operation of the house. These expenses include but

Part III Line 1

Are not limited to utilities, repairs and improvements. In

Part III Line 1

Addition, a portion of the organization's revenue is distributed

Part III Line 1

To the undergraduate members for educational purposes. All

Part III Line 1

Undergraduates are required to pay annual dues to the organization.

Part III Line 1

Undergraduates that live in the house during the year pay rent

Part III Line 1

In addition to their membership dues. All undergraduates are

Part III Line 1

Considered members of the organization.

PART III LINE 4A

Dues. All undergraduates are considered members of the

PART III LINE 4A

ORGANIZATION.

LINE 11B:

The treasurer reviews and approves the 990 prior to filing.

C, LINE 19:

All documents are available upon request

Part XI, Line 9

CHANGES IN NET ASSETS:

Part XI, Line 9

Depreciation or the allocation of assets between building and

Part XI, Line 9

Land. $10,000 should have been allocated to land, leaving $240,000

Part XI, Line 9

Allocated to building, which should have been fully depreciated.

Part XI, Line 9

Accumulated depreciation has been increased instead of retained

Part XI, Line 9

Earnings (fund balance). This correction is now reflected in

Part XI, Line 9

PART X, LINE 10b AND LINE 31.

Raw XML Appendix366 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CORRECTION OF PREVIOUS YEAR'S PRESENTATION OF "ADDITION OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORIGINAL BUILDING VALUE" OF $250,000 DID NOT TAKE INTO EFFECT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION OF ORGANIZATION MISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OHIO. OHIO LAMBDA COMPANY COLLECTS RENTS AND MEMEBERSHIP DUES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FROM THE UNDERGRADUATE MEMEBERS TO BE USED TO PAY FOR MAINTENANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPKEEP AND OPERATION OF THE HOUSE. THESE EXPENSES INCLUDE BUT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ARE NOT LIMITED TO UTILITIES, REPAIRS AND IMPROVEMENTS. IN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ADDITION, A PORTION OF THE ORGANIZATION'S REVENUE IS DISTRIBUTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TO THE UNDERGRADUATE MEMBERS FOR EDUCATIONAL PURPOSES. ALL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11UNDERGRADUATES ARE REQUIRED TO PAY ANNUAL DUES TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UNDERGRADUATES THAT LIVE IN THE HOUSE DURING THE YEAR PAY RENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13IN ADDITION TO THEIR MEMBERSHIP DUES. ALL UNDERGRADUATES ARE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14CONSIDERED MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15DUES. ALL UNDERGRADUATES ARE CONSIDERED MEMBERS OF THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17PROCESS TO REVIEW THE 990:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18THE TREASURER REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19DOCUMENT AVAILABILITY:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20ALL DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21CHANGES IN NET ASSETS:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22DEPRECIATION OR THE ALLOCATION OF ASSETS BETWEEN BUILDING AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23LAND. $10,000 SHOULD HAVE BEEN ALLOCATED TO LAND, LEAVING $240,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24ALLOCATED TO BUILDING, WHICH SHOULD HAVE BEEN FULLY DEPRECIATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25ACCUMULATED DEPRECIATION HAS BEEN INCREASED INSTEAD OF RETAINED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26EARNINGS (FUND BALANCE). THIS CORRECTION IS NOW REFLECTED IN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27PART X, LINE 10b AND LINE 31.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XI Line 9
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 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14PART III LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15PART III LINE 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16PART III LINE 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17PART VI,SECTION B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19PART VI, SECTION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0649046
IRS990/TotalAssetsEOYAmt0649752
IRS990/TotalAssetsGrp/BOYAmt0649046
IRS990/TotalAssetsGrp/EOYAmt0649752
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt039050
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0219
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021047
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082950
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104613
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0448998
IRS990/TotalLiabilitiesEOYAmt0676582
IRS990/TotalLiabilitiesGrp/BOYAmt0448998
IRS990/TotalLiabilitiesGrp/EOYAmt0676582
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0200048
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-26830
IRS990/TotalProgramServiceExpensesAmt082950
IRS990/TotalProgramServiceRevenueAmt077600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077600
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116650
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0649046
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0649752
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 McCUTCHEON RD
IRS990/USAddress/CityNm0GAHANNA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043230
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
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/ReturnTs02024-11-26T11:23:58-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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