Sigma Lambda Beta Education Foundation Inc
- Assets
- $356.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Liberty, IA
- Founding
- 11/2001
- Data as of
- 12/2022
- EIN
- 42-1510096
Organization Overview
Sigma Lambda Beta Education Foundation Inc is located in North Liberty, IA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigma Lambda Beta Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sigma Lambda Beta Education Foundation Inc generated $52.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $77.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
* WE PROVIDED TWO $1,000 SCHOLARSHIPS TO UNDERGRADUATE COLLEGE STUDENTS TO GO TOWARDS THEIR COLLEGE EXPENSES. * WE PROVIDED GRANTS TO MULTIPLE SIGMA LAMBDA BETA CHAPTERS ACROSS THE COUNTRY TO BE USED TO OFFSET THE COST OF THE CULTURAL AND/OR EDUCATIONAL PROGRAMS. * WE PROVIDED A GRANT TO SIGMA LAMBDA BETA INTERNATIONAL FRATERNITY, INC. TO HELP OFFSET THE COSTS OF THEIR BETACON EVENT, WHICH IS HELD EVERY 2 YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Zamudio Chairman | 12 | $0 | |
Michael Walker Director | 4 | $0 | |
Luis Suira Director | 4 | $0 | |
Anthony Ybarra Director | 4 | $0 | |
Daniel Navarro Director | 4 | $0 | |
Sam Centellas Vice-Chair | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,620 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,633 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $77,167 |
| Total expenses | $77,167 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $356,582 |
| Other assets | $0 |
| Total assets | $356,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $356,582 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sigma Lambda Beta Education Foundation Inc has recieved totaling $1,698.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,398 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |