Theta Lambda Beta Fraternity

Nonprofit profile at a glance

EIN
853812875
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Chicago, IL, USA
Rating
38
Verdict
REVIEW
Rating confidence
Limited
Sector
Educational Services and Schools - Other

Reported finances

Revenue
$6,796
Expenses
$0
Assets
$21,495

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Ethan Espino (President)
  • Ryan Torre (Vice President Internal)
  • John Paradela (Vice President External)

People named in this filing

  • Ethan Espino (President)
  • Ryan Torre (Vice President Internal)
  • John Paradela (Vice President External)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Theta Lambda Beta Fraternity Inc. is an Asian Interest organization that engages with the community through volunteer work philanthropic advocacy and cultural awareness.

What it reported doing in 2024

Filipino Desserts collaboration with Filipinos in Alliance raised fund to help spread Cultural Awareness

Operating model

Revenue model
Membership-supported. 83% of the money available for current operations came from membership dues.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 4
  • Transparency & Controls: 82
  • Sustainability: NotEnoughData
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 6.2%; rating input score 6
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -85.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 6.2% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $422 in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 4 of 5 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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 6/100.
  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.