2024-05-14T20:26:30-05:00 2023-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2022-07-01 521996380 LAMBDA LITERARY FOUNDATION LAMB 2132775755 PO BOX 20186 NEW YORK NY 10014 DOLPH GOLDENBURG INTERIM EXECUTIVE DIRECTOR 2132775755 2024-05-14 1 DOLPH GOLDENBURG 999009999 1 WILLIAM SKODY P00631754 2129671100 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOLPH GOLDENBURG PO BOX 20186 NEW YORK NY 10014 1694395 0 X LAMBDALITERARY.ORG X 1996 DC NURTURES AND ADVOCATES FOR LGBTQ WRITERS, ELEVATING THE IMPACT OF THEIR WORDS TO CREATE COMMUNITY 10 10 11 42 3437 0 941649 1435355 143982 255784 16 3256 0 0 1085647 1694395 44220 25270 0 0 492634 733681 0 0 9375 335602 919040 872456 1677991 213191 16404 1297653 1362627 245564 294134 1052089 1068493 X TO NURTURE, CELEBRATE AND PRESERVE LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) LITERATURE THROUGH PROGRAMS THAT HONOR EXCELLENCE, PROMOTE VISIBILITY AND ENCOURAGE DEVELOPMENT OF EMERGING WRITERS. 0 0 303308 25270 1038 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. 100639 251309 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. 635800 WRITERS IN SCHOOLS - BRINGING AWARD-WINNING LGBT WRITERS INTO SCHOOLS TO DISCUSS THEIR BOOKS AND LIVES WITH STUDENTS. THE LAMBDA LITERARY REVIEW LAMBDA LITFEST 1039747 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 73 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 CA DC NY X X X THE ORGANIZATION 2132775755 PO BOX 20186 NEW YORK NY 10014 ROZ LEE PRESIDENT 3.00 X X 0 0 0 ANDREA MARRA VICE PRESIDENT 3.00 X X 0 0 0 ROBERT GUINSLER SECRETARY 3.00 X X 0 0 0 J MICHAEL SAMUEL TREASURER 3.00 X X 0 0 0 ALAN BECKSTEAD DIRECTOR 3.00 X 0 0 0 ASHLEY BLACKMON DIRECTOR 3.00 X 0 0 0 CHASE TM ANDERSON DIRECTOR 3.00 X 0 0 0 DARNELL MOORE DIRECTOR 3.00 X 0 0 0 GARY MOBLEY DIRECTOR 3.00 X 0 0 0 KENT D WOLF DIRECTOR 3.00 X 0 0 0 SAMIYA BASHIR EXECUTIVE DIRECTOR (FORMER) 40.00 X 54375 0 1450 DOLPH GOLDENBURG INTERIM EXECUTIVE DIR. (FROM 11/23) 0.00 X 0 0 0 54375 0 1450 0 0 0 0 0 684250 751105 1435355 PROGRAM SERVICE FEES 900099 203982 203982 WRITERS' RETREAT 900099 47327 47327 LAMBDA LITERARY REVIEW 541800 3437 3437 LAMBDA LITERARY AWARDS 900099 1038 1038 255784 3256 3256 1694395 252347 3437 3256 X 1770 1770 23500 23500 137433 82050 55383 455963 289009 166954 105 105 59360 9169 50191 80820 21098 59722 31708 31708 243023 104595 138428 746 395 351 25058 5845 19213 57707 10896 45003 1808 5330 3623 1707 1694 1694 4493 290 4203 PROGRAM-LAMMY EXPENSES 201769 201769 PROG.-WRITERS IN SCHOOL 108337 107722 615 BOOKS AND SUBC. EXP. 96033 95279 754 BUSINESS DEVELOP. OTHER 80400 44477 35923 62742 38260 16915 7567 1677991 1039747 628869 9375 603085 316059 227168 470062 452728 525008 14672 45835 48524 42861 0 5663 1297653 1362627 122983 104471 47557 91031 75024 98632 245564 294134 X 991845 1018749 60244 49744 1052089 1068493 1297653 1362627 16404 0 X X 0 1 X 1 0 X 176993 869606 732537 941649 1435355 4156140 176993 869606 732537 941649 1435355 4156140 275065 3881075 20 107 32 16 3256 3431 4439 5528 13639 10128 3437 37171 4196742 774192 0.92480 0.96820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46155 40492 5663 2369 2369 0 5663 REFUNDABLE ADVANCES 98632 98632 X 1694395 0 1694395 0 1694395 1677991 0 1677991 0 1677991 PART X, LINE 2: THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES, HOWEVER, IT DOES PAY INCOME TAXES ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAS ADVERTISING REVENUES WHICH IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. AT JUNE 30, 2023 AND JUNE 30, 2022, THE ORGANIZATION INCURRED A TAX EXPENSE ON THIS UNRELATED BUSINESS ACTIVITY OF $3,437 AND $10,128, RESPECTIVELY. ANY CURRENT TAX LIABILITY FOR THIS ACTIVITY IS NOT SEPARATELY STATED BECAUSE IT IS IMMATERIAL. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE TAX RETURNS THAT MAY BE SUBJECT TO TAX EXAMINATION BY THE VARIOUS TAX AGENCIES ARE 2018 AND THEREAFTER. 1 LAMBDA LITERARY AWARDS 7 23500 CASH PART I, LINE 2: GRANTS ARE AWARDED BASES ON SPECIFIC CRITERIA AND ARE APPROVED BY THE BOARD COMMITTEE THAT OVERSEES ALL RECIPIENTS OF GRANTS. PENDING INQUIRY ORGANIZATION DISCOVERED POTENTIAL TRANSACTION. 0 FORM 990. SCHEDULE L, PART I: DURING THE FISCAL YEAR ENDING JUNE 30, 2024, THE ORGANIZATION DISCOVERED POTENTIAL EXCESS BENEFIT TRANSACTIONS WITH A DISQUALIFIED PERSON THAT OCCURRED DURING THE ORGANIZATION'S FISCAL YEARS ENDING JUNE 30, 2023 AND JUNE 30, 2024. THE AMOUNT TO BE TREATED AS EXCESS BENEFIT TRANSACTIONS IS UNDER INVESTIGATION BY THE ORGANIZATION. UPON A FINAL DETERMINATION BY THE ORGANIZATION, THE ORGANIZATION WILL REPORT ON FORM 990, SCHEDULE L, LINE 1 FOR THE FISCAL YEAR ENDING JUNE 30, 2024 THE AMOUNT OF EXCISE TAX INCURRED BY THE DISQUALIFIED PERSON, AND FORM 4720 WILL BE FILED TO REPORT AND PAY THE TAX ON THE EXCESS BENEFIT TRANSACTIONS. THE ORGANIZATION WILL AMEND THE FORM 990 FILED FOR THE FISCAL YEAR ENDING JUNE 30, 2023, AND FILE FORM 4720 FOR THE FISCAL YEAR ENDED JUNE 30, 2023, AS DEEMED NECESSARY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE AT PRO PUBLICA, GUIDESTAR, AND THE IRS EO SEARCH WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS - OTHER: PROGRAM SERVICE EXPENSES 2,159. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,159. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 102,436. MANAGEMENT AND GENERAL EXPENSES 138,428. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 240,864. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.