Theta Mu Lambda Charitable Foundation
Nonprofit profile at a glance
- EIN
- 363703340
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025
- Location
- Chicago Heights, IL, USA
- Phone
- 7082247455
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $84,913
- Expenses
- $38,505
- Assets
- $219,781
- Liabilities
- $56,752
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- TROY O'QUIN (Vice President)
People named in this filing
- EUGENE C BLACKWELL JR (Chairman)
- TROY O'QUIN (Vice President)
- DOUGLAS AUSTIN (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary mission of the Foundation is to distribute financial scholarships to college-bound students of the South Suburban area of Chicago and to develop young high school minority males for future leadership roles in their families, community, and society.
What it reported doing in 2025
Community outreach & education support
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 75
- Sustainability: 76
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.8%; rating input score 38
- Program expense ratio: 83.3%; rating input score 83
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 54.7%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 5.71; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 13.1% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 16.2% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 17.7% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 37.8% of revenue deployed · 83.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2015 to 2025
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.