Iota Phi Lambda Sorority Inc
Nonprofit profile at a glance
- EIN
- 237390385
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Washington, DC, USA
- Phone
- 3016481363
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $580,178
- Expenses
- $246,190
- Assets
- $699,725
- Liabilities
- $4,548
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- WENDY B JACQUES (PRESIDENT EL)
- CHARLOTTE D BERRY (PRESIDENT)
People named in this filing
- KAREN AREY (DIRECTOR)
- VELENCIA D HALL (DIRECTOR)
- DIDI BOYNTON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Unite in sisterhood qualified business and professional women in order to enhance and improve the status of women in our highly complex, competitive business and professional world; promote increased interest in the broad field of business education among high school and college young women through planned programs and scholarships; encourage the development of personal goals and leadership potential; and establish and promote civic and social service activities for youth and adults.
What it reported doing in 2024
Others
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 13
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 84
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5%; rating input score 5
- Program expense ratio: 11.7%; rating input score 12
- Fundraising efficiency: $17.69 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 57.6%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2.84; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -18.9% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: -5.2% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 5% of revenue deployed · 11.7% of spending went to programs
- Governance: 1600 of 1600 board members independent · 1 of 7 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 5/100.
- High — Financial Efficiency: Program expense ratio scored 12/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- High — Growth: Asset growth scored 0/100.