Iota Pi Lambda Educational Foundation Inc in Miami, Florida (FL)

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Iota Pi Lambda Educational Foundation Inc
Employer Identification Number (EIN)650789375
Name of OrganizationIota Pi Lambda Educational Foundation Inc
In Care of NameDarren Handy
Address13490 Sw 194th St, Miami, FL 33177
Websitehttp://www.Iotapilambda.org
SubsectionCharitable Organization, Educational Organization
Ruling Date10/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2014
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,754
Amount of Income$7,313
Form 990 Revenue Amount$7,313
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations


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Amount of income in 2014: $7,313 (it was $0 in 2012)
Iota Pi Lambda Educational Foundation Inc: 

 $7,313
Other organizations performing similar types of work: 

 $71,328

Assets in 2014: $4,754 (it was $0 in 2012)
This organization: 

 $4,754
Other organizations performing similar types of work: 

 $50,799

Expenses in 2011: $6,098
This organization: 

 $6,098
Other organizations performing similar types of work: 

 $47,311

Income to expenses ratio in 2011: 1.2
Iota Pi Lambda Educational Foundation Inc: 

 1.2
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2011: 0.0%
Iota Pi Lambda Educational Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 7.7%

Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$7,313
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$4,000
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$3,313
Gross income from gaming$0
Gross income from fundraising events$5,543
Less: direct expenses from gaming and fundraising events$2,230
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$6,098
Total net assets$4,754
Excess for the year$1,215
Net assets or fund balances at beginning of year$3,539
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$4,754
Total liabilities$0
Net assets or fund balances$4,754
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$6,700
Gifts, grants, contributions, and membership fees received$4,000
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$2,700
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Number of organizations performing similar types of work
Alaska27
Alabama174
Arkansas88
Arizona257
California1,561
Colorado295
Connecticut213
District of Columbia96
Delaware58
Florida937
Georgia405
Hawaii58
Iowa132
Idaho53
Illinois567
Indiana231
Kansas125
Kentucky138
Louisiana149
Massachusetts427
Maryland313
Maine54
Michigan422
Minnesota256
Missouri285
Mississippi53
Montana52
North Carolina382
North Dakota40
Nebraska93
New Hampshire76
New Jersey563
New Mexico62
Nevada84
New York1,186
Ohio529
Oklahoma149
Oregon175
Pennsylvania493
Rhode Island56
South Carolina163
South Dakota36
Tennessee218
Texas929
Utah116
Virginia393
Vermont41
Washington305
Wisconsin211
West Virginia59
Wyoming40
International30
Total13,855

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