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Illinois · Nonprofit

THETA MU LAMBDA CHARITABLE FOUNDATION

THETA MU LAMBDA CHARITABLE FOUNDATION (Illinois) receives grants from 2 organizations whose IRS filings report $7,052 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($6,748). 2 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$111k
Funders on record
2
Grants received
$7k
Net assets
$149k
2/2 repeat funderspeak grant-dependency 0%
01What it does

What Theta Mu Lambda Charitable Foundation does

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.

As stated on its FY2024 Form 990.

Programs

  1. Community outreach & education support

    $2,550 spent
    8% of program spending
  2. Student scholarship program

    $23,284 spentof which $22,000 as grants
    73% of program spending
  3. Leaders for tomorrow program

    $6,238 spent
    19% of program spending

The 3 programs described on its FY2025 Form 990-EZ. Program spending in total: $32,072.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($31k) Expenses 100 ($24k) Net assets 100 ($47k)2018 Revenue 109 ($34k) Expenses 78 ($18k) Net assets 134 ($63k)2019 Revenue 58 ($18k) Expenses 132 ($31k) Net assets 94 ($44k)2020 Revenue 146 ($46k) Expenses 194 ($46k) Net assets 93 ($44k)2021 Revenue 149 ($47k) Expenses 184 ($44k) Net assets 107 ($50k)2022 Revenue 336 ($106k) Expenses 259 ($62k) Net assets 198 ($93k)2023 Revenue 238 ($75k) Expenses 265 ($63k) Net assets 224 ($105k)2024 Revenue 352 ($111k) Expenses 188 ($45k) Net assets 318 ($149k)
'17'18'19'20'21'22'23'24
Revenue (352)Expenses (188)Net assets (318)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $115k to $188k (+63%).

$47k
$63k
$51k
$53k
$56k
$100k
$115k
$188k
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

34% of THETA MU LAMBDA CHARITABLE FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$8k
’17
$16k
’18
−$13k
’19
−$191
’20
$3k
’21
$44k
’22
$12k
’23
$66k
’24
45
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Eugene C Blackwell Jr

Chairman

As listed on its FY2025 Form 990.

03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 1 funder, grant income rose $27 → $101.

Funder
'20
'21
'22
'23
'25*
'26*
total
funders
1
1
1
1
1
1

2 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THETA MU LAMBDA CHARITABLE FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THETA MU LAMBDA CHARITABLE FOUNDATION leans on a few funders — its largest provides 96% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THETA MU LAMBDA CHARITABLE FOUNDATION.

96%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of THETA MU LAMBDA CHARITABLE FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $7k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THETA MU LAMBDA CHARITABLE FOUNDATION runs a healthier operating margin than three-quarters of the 22,812 education nonprofits its size.

Operating margin60% · top quartile
Months of reserve44.5mo · top quartile
Revenue growth (annualized)20% · top quartile

this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024

Organizations like THETA MU LAMBDA CHARITABLE FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Illinois

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

79% of spending goes to programs.

Program 79%Management 21%Fundraising 0%

Governance

9
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

99%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

IL

Screen this organization

A dated, signed PDF of the compliance screen for THETA MU LAMBDA CHARITABLE FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THETA MU LAMBDA CHARITABLE FOUNDATION?
THETA MU LAMBDA CHARITABLE FOUNDATION (Illinois) receives grants from 2 organizations whose IRS filings report $7,052 to it, the largest being AMERICAN ONLINE GIVING FOUNDATION INC ($6,748). 2 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THETA MU LAMBDA CHARITABLE FOUNDATION have?
IRS filings report 2 organizations giving $7,052 in grants to THETA MU LAMBDA CHARITABLE FOUNDATION, 2 of which have funded it in more than one year.
Who is the largest funder of THETA MU LAMBDA CHARITABLE FOUNDATION?
AMERICAN ONLINE GIVING FOUNDATION INC is the largest funder on record, with $6,748 in grants. The full list of funders is on this page.
How can an organization like THETA MU LAMBDA CHARITABLE FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Theta Mu Lambda →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing