Lambda Literary Foundation
- Assets
- $935.4k
- Revenue
- $831.7k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 52-1996380
Organization Overview
Lambda Literary Foundation is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lambda Literary Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lambda Literary Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lambda Literary Foundation generated $831.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $536.4k during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NURTURES AND ADVOCATES FOR LGBTQ WRITERS, ELEVATING THE IMPACT OF THEIR WORDS TO CREATE COMMUNITY
Describe the Organization's Program Activity:
LAMBDA LITERARY AWARDS - AN ANNUAL AWARD GALA HONORING AUTHORS OF LGBT BOOKS WHICH HAVE BEEN REVIEWED BY A PANEL OF EXPERTS AND SELECTED FOR THEIR EXCELLENCE IN WRITING.
WRITERS' RETREAT - A WEEK-LONG RETREAT OFFERING LGBT WRITERS THE CHANCE TO BE IMMERSED IN FICTION, NONFICTION, OR POETRY, AND TO LEARN FROM OTHER LGBT WRITERS AND PUBLISHING INDUSTRY PROFESSIONALS.
WRITERS IN SCHOOLS - BRINGING AWARD-WINNING LGBT WRITERS INTO SCHOOLS TO DISCUSS THEIR BOOKS AND LIVES WITH STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Landers Executive Director | Officer | 50 | $98,885 |
Roz Lee President | OfficerTrustee | 3 | $0 |
Kim Hoover President (former) | OfficerTrustee | 3 | $0 |
Rakesh Satyal Vice President (former) | OfficerTrustee | 3 | $0 |
Robert Guinsler Secretary | OfficerTrustee | 3 | $0 |
Joe Garrett Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,537 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,823 |
| Payroll taxes | $23,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,913 |
| Advertising and promotion | $530 |
| Office expenses | $16,822 |
| Information technology | $4,902 |
| Royalties | $0 |
| Occupancy | $755 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,029 |
| All other expenses | $0 |
| Total functional expenses | $536,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $795,564 |
| Savings and temporary cash investments | $108,969 |
| Pledges and grants receivable | $30,900 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $935,433 |
| Accounts payable and accrued expenses | $24,686 |
| Grants payable | $0 |
| Deferred revenue | $46,849 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,000 |
| Total liabilities | $96,535 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $838,898 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lambda Literary Foundation has recieved totaling $26,398.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,395 |
Stonewall Community Foundation New York, NY PURPOSE: GENERAL SUPPORT | $7,500 |
Just Buffalo Literary Center Inc Buffalo, NY PURPOSE: LITNYS ADVANCEMENT | $6,750 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $181 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $72 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of United Hatzalah Inc New York, NY | $21,398,507 | $34,797,330 |
Institute Of Certified Mgt Accoun Tants Inc Montvale, NJ | $14,001,661 | $20,791,467 |
Facing History And Ourselves Inc Brookline, MA | $73,328,621 | $41,887,209 |
Modern Language Association Of America New York, NY | $26,742,104 | $16,207,433 |
American Philosophical Society Philadelphia, PA | $294,142,753 | $31,170,811 |
Pen American Center Inc New York, NY | $36,781,487 | $29,059,092 |
Commercial Real Estate Finance Council Inc New York, NY | $15,641,619 | $8,091,268 |
Archaeological Institute Of America Boston, MA | $15,760,718 | $9,516,750 |
Academy Of American Poets Incorporated New York, NY | $16,980,319 | $4,039,105 |
Grub Street Inc Boston, MA | $11,789,751 | $6,194,111 |
Center For Inquiry Inc Amherst, NY | $8,104,198 | $5,991,557 |
National Book Foundation Inc New York, NY | $4,696,616 | $3,836,375 |