Nonprofit · EIN 23-7297749
LAMBDA CORPORATION
Tax-exempt · BLOOMINGTON, IN 47402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $429,715 | $479,100 | -$49,385 | $596,320 | $946,806 | -$350,486 |
| July 31, 2024 | 990 | $485,284 | $544,999 | -$59,715 | $698,164 | $999,265 | -$301,101 |
| July 31, 2023 | 990 | $221,244 | $426,274 | -$205,030 | $807,544 | $1,049,181 | -$241,637 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $429,593
- Investment income
- $122
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $226,870
- Depreciation
- $124,156
Balance sheet and other
- Total assets, start of year
- $698,164
- Total assets, end of year
- $596,320
- Total liabilities, end of year
- $946,806
- Net assets, end of year
- -$350,486
- Land, buildings and equipment
- $412,385
- Net assets without donor restrictions
- -$350,486
- Gross receipts
- $429,715
- Employees
- 0
- Year formed
- 1953
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffery Brown | President Trustee or director, Officer, Highest-paid employee | 5 | $0 |
| Kevin Koven | Treasurer Trustee or director, Officer | 5 | $0 |
990 for the year ended July 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffery Brown | President Trustee or director, Officer, Highest-paid employee | 5 | $0 |
| Kevin Koven | Treasurer Trustee or director, Officer | 5 | $0 |
990 for the year ended July 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffery Brown | President Trustee or director, Officer, Highest-paid employee | 5 | $0 |
| Kevin Koven | Treasurer Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 502, BLOOMINGTON, IN 47402-0502
- In care of
- % GREEK ACCOUNTING
- Principal officer (990 for 2024)
- Kevin Koven, 3925 River Closing Parkway, Indianapolis, IN 46240
- Signed the 990
- Kevin Koven, Treasurer
- Return prepared by
- Alpha & Omega INC
Mission
Provide housing for chapter members while attending Indiana University.
Program accomplishments
- Amortiza
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 23-7297749
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $596,320
- Income (IRS master file)
- $429,715
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $429,715 | $479,100 | $596,320 | XML |
| 990 | July 2024 | $485,284 | $544,999 | $698,164 | XML |
| 990 | July 2023 | $221,244 | $426,274 | $807,544 | XML |
| 990 | July 2022 | $295,853 | $437,331 | $1,065,627 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7297749).
Questions about LAMBDA CORPORATION
- What is the EIN of LAMBDA CORPORATION?
- The employer identification number (EIN) of LAMBDA CORPORATION is 23-7297749.
- Is LAMBDA CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1973.
- Are donations to LAMBDA CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAMBDA CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAMBDA CORPORATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAMBDA CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of LAMBDA CORPORATION?
- The 990 for the year ended July 31, 2025 names Kevin Koven.
- Who are the officers and directors of LAMBDA CORPORATION?
- The 990 for the year ended July 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does LAMBDA CORPORATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $429,715, expenses of $479,100 and total assets of $596,320 at year end.
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