Psi Lambda Educational Foundation Inc.

990PF • Fiscal year 2021 • EIN 48-1263914

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

Organization Profile

910 Georgia Ave Unit 334Chattanooga, TN 37401-1430

(205) 292-6843

Siviq Scores

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

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

43%

Higher net margin than 83% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

Higher top officer pay than 78% of similar nonprofits.

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

2021 filings • <$500k nonprofits • Source year 2021

-0.7%

Faster asset growth than 39% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

-74%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets59th percentile

Assets

Down

$75,579

Down $568 (-0.7%) from 2020

Net Assets

Down

$75,579

Down $568 (-0.7%) from 2020

Liabilities

Flat

Flat from 2020

Revenue And Expenses

Liabilities / Revenue60th percentile Net Margin83rd percentile

Revenue

Down

$3,149

Down $9,051 (-74%) from 2020

Expenses

Down

$1,780

Down $7,607 (-81%) from 2020

Net Income

Down

$1,369

Down $1,444 (-51%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

Highlighted filing

2021

Assets$75,579

Liabilities$1

Net Assets$75,579

Open 2021 Filing

Operations Trend

Revenue Growth9th percentile

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

Highlighted filing

2021

Revenue$3,149

Expenses$1,780

Net Income$1,369

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: May 12, 2022
Return Version: 2021v4.2

Compensation and Service Providers

Top Officer Pay78th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
CHARLES JACKSON	President	-	$0	-	-
VIRGIL MCGEE	Vice President	-	$0	-	-
CHRIS PALMER	Treasurer	-	$0	-	-
CECIL FLOURNOY	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Psi Lambda Educational Foundation
EIN: 48-1263914
Address: 910 GEORGIA AVE UNIT 334, CHATTANOOGA, TN 37401-1430

Signing Officer

Name: Chris Palmer
Title: Treasurer
Phone: 2052926843
Signed: 2022-05-12
Discuss with paid preparer: Yes

Preparer

Firm: SHERRELL and SHELLEY CPAS LLC
Address: 4513 HIXSON PIKE SUITE 105, HIXSON, TN 37343-5039
Preparer: Pamela a Shelley CPA
Phone: 4238756565

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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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OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	0
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	30
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	0	0
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	1	0
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	2	0
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	3	0
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt	4	0
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	BANQUETADSAUCTIONBALL INC
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	MLK BREAKFAST
OtherIncomeSchedule2/OtherIncomeDetail/Desc	2	5K - 1 MILE FUN RUN
OtherIncomeSchedule2/OtherIncomeDetail/Desc	3	DONATIONS AND MATCHING FUNDS
OtherIncomeSchedule2/OtherIncomeDetail/Desc	4	DIVIDENDS AND INTEREST
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	0
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	1	0
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	2	0
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	3	0
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	4	0
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	0
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	0
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	2	0
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	3	3140
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	4	9
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	CHRIS PALMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2052926843
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PSI LAMBDA EDUCATIONAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	PSIL
ReturnHeader/Filer/EIN	0	481263914
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	910 GEORGIA AVE UNIT 334
ReturnHeader/Filer/USAddress/CityNm	0	CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	TN
ReturnHeader/Filer/USAddress/ZIPCd	0	374011430
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	453544839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	SHERRELL and SHELLEY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	4513 HIXSON PIKE SUITE 105
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	HIXSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	373435039
ReturnHeader/PreparerPersonGrp/PhoneNum	0	4238756565
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	PAMELA A SHELLEY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd	0	X
ReturnHeader/ReturnTs	0	2022-05-13T18:50:22-04:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	PALMER
ReturnHeader/TaxPeriodBeginDt	0	2021-01-01
ReturnHeader/TaxPeriodEndDt	0	2021-12-31
ReturnHeader/TaxYr	0	2021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing

Assets: $75,579
Liabilities: $1
Net assets: $75,579
Revenue: $3,149
Expenses: $1,780
Net income: $1,369

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$74.8	$0.00	$74.8	$18.9	$13.3	$5.66
2023Detailed filing. Detailed filing data is available for this year.	$69.1	$0.00	$69.1	$13.6	$18.6	$5.00
2022Detailed filing. Detailed filing data is available for this year.	$74.1	$0.00	$74.1	$2.61	$4.07	$1.47
2021Detailed filing. Detailed filing data is available for this year.	$75.6	$0.00	$75.6	$3.15	$1.78	$1.37
2020Detailed filing. Detailed filing data is available for this year.	$76.1	$0.00	$76.1	$12.2	$9.39	$2.81
2019Summary only. Only limited summary data is available for this year.	$73.3	$0.00		$32.6	$23.7	$8.91
2015Summary only. Only limited summary data is available for this year.	$30.6	$0.00		$30.4	$22.6	$7.72
2014Summary only. Only limited summary data is available for this year.	$22.9	$0.00		$22.7	$17.5	$5.13