Civic Intelligence

Mu Lambda Foundation

990 • Fiscal year 2022 • EIN 52-1912258

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization Profilemulambdafoundation.org
2405 First Street NWWashington, DC 20001-1019

(202) 291-3129

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-509%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

19th percentile

-25%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-92%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$439,740

Down $148,470 (-25%) from 2021

Net Assets

Down

$439,740

Down $148,470 (-25%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin2nd percentile

Revenue

Down

$29,197

Down $328,812 (-92%) from 2021

Expenses

Up

$177,667

Up $88,978 (+100%) from 2021

Net Income

Down

-$148,470

Down $417,790 (-155%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$800K$600K$400K$200K$0Assets 2011: $725,106Liabilities 2011: $713,331Net Assets 2011: $11,7752011Assets 2012: $724,313Liabilities 2012: $703,355Net Assets 2012: $20,9582012Assets 2013: $737,063Liabilities 2013: $712,332Net Assets 2013: $24,7312013Assets 2014: $724,313Liabilities 2014: $703,355Net Assets 2014: $20,9582014Assets 2015: $672,275Liabilities 2015: $648,192Net Assets 2015: $24,0832015Assets 2016: $642,021Liabilities 2016: $597,356Net Assets 2016: $44,6652016Assets 2017: $555,062Liabilities 2017: $0Net Assets 2017: $555,0622017Assets 2018: $524,695Liabilities 2018: $513,329Net Assets 2018: $11,3662018Assets 2020: $583,161Liabilities 2020: $490,276Net Assets 2020: $92,8852020Assets 2021: $588,210Liabilities 2021: $0Net Assets 2021: $588,2102021Assets 2022: $439,740Liabilities 2022: $0Net Assets 2022: $439,7402022Assets 2023: $268,216Liabilities 2023: $0Net Assets 2023: $268,2162023Assets 2024: $242,829Liabilities 2024: $0Net Assets 2024: $242,8292024

Highlighted filing

2022

Assets$439,740
Liabilities$0
Net Assets$439,740
Open 2022 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KRevenue 2011: $133,521Expenses 2011: $126,537Net Income 2011: $6,9842011Revenue 2012: $136,377Expenses 2012: $127,194Net Income 2012: $9,1832012Revenue 2013: $112,271Expenses 2013: $108,498Net Income 2013: $3,7732013Revenue 2014: $136,377Expenses 2014: $127,194Net Income 2014: $9,1832014Revenue 2015: $107,945Expenses 2015: $104,820Net Income 2015: $3,1252015Revenue 2016: $116,061Expenses 2016: $95,479Net Income 2016: $20,5822016Revenue 2017: $87,986Expenses 2017: $119,566Net Income 2017: -$31,5802017Revenue 2018: $98,190Expenses 2018: $104,789Net Income 2018: -$6,5992018Revenue 2020: $27,056Expenses 2020: $11,309Net Income 2020: $15,7472020Revenue 2021: $358,009Expenses 2021: $88,689Net Income 2021: $269,3202021Revenue 2022: $29,197Expenses 2022: $177,667Net Income 2022: -$148,4702022Revenue 2023: $201,658Expenses 2023: $373,183Net Income 2023: -$171,5252023Revenue 2024: $66,762Expenses 2024: $92,149Net Income 2024: -$25,3872024

Highlighted filing

2022

Revenue$29,197
Expenses$177,667
Net Income-$148,470
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$29,197
Mission and Program Overview

Mission

The purpose of the Foudatio, a 501(c) 3 organization is to promote charitable educational, scientific, and literary purposes.

The purpose of the Foundation, a 501(C)3 organization, is to promote charitable, educational, scientific and literary purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$284,278$262,430▼ $21,848
Cash and Non-Interest-Bearing Accounts$303,932$177,310▼ $126,622
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$588,210$439,740▼ $148,470
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$588,210$439,740▼ $148,470
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$588,210$439,740▼ $148,470
Total Liabilities and Net Assets / Fund Balance$588,210$439,740▼ $148,470

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$262,430$109,240$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
LeRoy Lowery IIIPresident
Juan PowellVice President
Albert CheekTrustee
Albert Williams JrTrustee
Aranthan Jones IITrustee
Horace Dawson JrTrustee
Jamison TaylorTrustee
John WilsonTrustee
Kenneth HolbertTrustee
Rylan HarrisTrustee
Ryle BellTrustee
William HawkinsTrustee
George McNealSecretary
Chatman Young IITreasurer
Kent BenjaminTrsutee
Revenue and Support

Revenue Composition

Contributions and Grants
$29,197
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,145
Change in Net Assets
$-148,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$177,667
Total Fundraising Expense$12,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$26,863-$26,863
Depreciation Depletion-$21,848-$21,848
Other Expenses$0$0$12,644$12,644
Insurance-$2,468-$2,468
Office Expenses-$141-$141
Total Functional Expenses$310$164,713$12,644$177,667
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The final form may be distributed either in paper or electronic form in any manner deemed appropriate by the organization's President.”

Form 990, Part VI, Section B, Line 12C

“Circulate an annual conflict disclosure questionnaire that asks board and staff members to disclose existing conflicts and reminds them to disclose any that may evolve in the future”

Form 990, Part VI, Section C, Line 19

“Upon request”

Filing and Contact Details

Filer

Filer Name
Mu Lambda Foundation
EIN
52-1912258
Phone
2022913129
Address
2405 First Street NW, Washington, DC 20001-1019

Signing Officer

Name
Leroy Lowery
Title
President
Phone
2024873129
Signed
2023-11-15

Organization Details

Principal Officer
LeRoy Lowery
Formed
1994
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
0
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 523 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/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The purpose of the Foundation is to promote charitable, educational, scientific and literary purposes.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0588210
IRS990/NetAssetsOrFundBalancesEOYAmt0439740
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0588210
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0439740
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt026863
IRS990/OccupancyGrp/TotalAmt026863
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0141
IRS990/OfficeExpensesGrp/TotalAmt0141
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Scholarships
IRS990/OtherExpensesGrp/Desc1Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc2Fundraising Events
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt212644
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1113393
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt0310
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt0310
IRS990/OtherExpensesGrp/TotalAmt1113393
IRS990/OtherExpensesGrp/TotalAmt212644
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LeRoy Lowery
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt022721
IRS990/PYExcessBenefitTransInd00
IRS990/PYOtherExpensesAmt083608
IRS990/PYOtherRevenueAmt0310355
IRS990/PYProgramServiceRevenueAmt024933
IRS990/PYRevenuesLessExpensesAmt0269320
IRS990/PYTotalExpensesAmt088689
IRS990/PYTotalProfFndrsngExpnsAmt05081
IRS990/PYTotalRevenueAmt0358009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-148470
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01365
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Mu Lambda Foundation has sponsored a Beautillion program for many years. This program mentored African American male high school students in three areas - social skills, college preparedness and scholarships. Through workshops on weekends, the Foundation utilized professionals to lead efforts in SAT preparation, college selection, improvement in academic skills, enhancing employment opportunities, resume writing, interviewing techniques and career/skill matchups. These workshops were conducted over a 16-week period culminating in a formal dance and scholarship awards. The Mu Lambda Foundation sponsors an Annual Golf Tournament and Gala as a fundraising event.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020387
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021899
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt024920
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt056332
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060604
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0184142
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06078
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06078
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06078
IRS990ScheduleA/InvestmentIncomeCYPct00.03195
IRS990ScheduleA/InvestmentIncomePYPct00.1
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96805
IRS990ScheduleA/PublicSupportPY509Pct00.9
IRS990ScheduleA/PublicSupportTotal509Amt0184142
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt020387

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$439,740
Liabilities
$0
Net assets
$439,740
Revenue
$29,197
Expenses
$177,667
Net income
-$148,470
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.43$0.00$2.43$0.67$0.92$0.25
2023Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$2.02$3.73$1.72
2022Detailed filing. Detailed filing data is available for this year.$4.40$0.00$4.40$0.29$1.78$1.48
2021Detailed filing. Detailed filing data is available for this year.$5.88$0.00$5.88$3.58$0.89$2.69
2020Detailed filing. Detailed filing data is available for this year.$5.83$4.90$0.93$0.27$0.11$0.16
2018Summary only. Only limited summary data is available for this year.$5.25$5.13$0.11$0.98$1.05$0.07
2017Summary only. Only limited summary data is available for this year.$5.55$0.00$5.55$0.88$1.20$0.32
2016Summary only. Only limited summary data is available for this year.$6.42$5.97$0.45$1.16$0.95$0.21
2015Summary only. Only limited summary data is available for this year.$6.72$6.48$0.24$1.08$1.05$0.03
2014Summary only. Only limited summary data is available for this year.$7.24$7.03$0.21$1.36$1.27$0.09
2013Summary only. Only limited summary data is available for this year.$7.37$7.12$0.25$1.12$1.08$0.04
2012Summary only. Only limited summary data is available for this year.$7.24$7.03$0.21$1.36$1.27$0.09
2011Summary only. Only limited summary data is available for this year.$7.25$7.13$0.12$1.34$1.27$0.07