2023-11-11T18:08:13-06:00 2022-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2021-07-01 521996380 LAMBDA LITERARY FOUNDATION LAMB 2132775755 PO BOX 20186 NEW YORK NY 10014 SAMIYA BASHIR EXECUTIVE DIRECTOR 2132775755 2023-11-11 1 SAMIYA BASHIR 999009999 WILLIAM SKODY P00631754 2129671100 2023-11-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X SAMIYA BASHIR PO BOX 20186 NEW YORK NY 10014 1085647 0 X LAMBDALITERARY.ORG X 1996 DC NURTURES AND ADVOCATES FOR LGBTQ WRITERS, ELEVATING THE IMPACT OF THEIR WORDS TO CREATE COMMUNITY 10 10 10 122 10128 4668 732537 941649 99108 143982 32 16 0 0 831677 1085647 17500 44220 0 0 367096 492634 0 0 15170 151770 335602 536366 872456 295311 213191 935433 1297653 96535 245564 838898 1052089 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 127241 24500 61015 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. 30057 72839 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. 409676 19720 WRITERS IN SCHOOLS - BRINGING AWARD-WINNING LGBT WRITERS INTO SCHOOLS TO DISCUSS THEIR BOOKS AND LIVES WITH STUDENTS. THE LAMBDA LITERARY REVIEW LAMBDA LITFEST 566974 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 10 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 1 0 0 1 1 1 1 1 0 1 0 0 CA DC NY 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 CHASE TM ANDERSON DIRECTOR 3.00 X 0 0 0 DARNELL MOORE DIRECTOR 3.00 X 0 0 0 KENT D WOLF DIRECTOR 3.00 X 0 0 0 ALAN BECKSTEAD DIRECTOR 3.00 X 0 0 0 ASHLEY BLACKMON DIRECTOR 3.00 X 0 0 0 GARY MOBLEY DIRECTOR 3.00 X 0 0 0 SUE LANDERS EXECUTIVE DIRECTOR (FORMER) 50.00 X 122631 0 6733 MAXWELL SCALES INTERIM EXECUTIVE DIRECTOR 40.00 X 3866 0 0 CLEOPATRA ACQUAYE REYNOLDS INTERIM EXECUTIVE DIRECTOR 40.00 X 742 0 0 127239 0 6733 1 0 0 0 0 540103 401546 941649 WRITERS' RETREAT 900099 72839 72839 LAMBDA LITERARY AWARDS 900099 61015 61015 LAMBDA LITERARY REVIEW 541800 10128 10128 143982 16 16 1085647 133854 10128 16 X 44220 44220 225865 81603 140445 3817 202203 127549 68688 5966 1008 636 342 30 33183 20931 11272 980 30375 19161 10318 896 22320 22320 165822 156965 8857 11930 734 7717 3479 600 600 728 728 SUPPLIES 107621 107548 73 WEBSITE 16254 1435 14819 VENUE RENTAL 3580 2400 1180 HONORARIUM 3390 3390 3357 402 2953 2 872456 566974 290312 15170 795564 603085 108969 227168 30900 452728 14672 41166 41166 0 0 935433 1297653 24686 122983 46849 47557 25000 75024 96535 245564 X 789154 991845 49744 60244 838898 1052089 935433 1297653 213191 0 X X 0 1 X 1 0 X 367433 176993 869606 732537 941649 3088218 367433 176993 869606 732537 941649 3088218 56371 3031847 31 20 107 32 16 206 9293 4439 5528 13639 10128 43027 3131451 736163 0.96820 0.96570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38797 38797 0 2369 2369 0 0 REFUNDABLE ADVANCES 75024 75024 X 1085647 0 1085647 0 1085647 872456 0 872456 0 872456 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, 2022 AND JUNE 30, 2021, THE ORGANIZATION INCURRED A TAX EXPENSE ON THIS UNRELATED BUSINESS ACTIVITY OF $10,128 AND $13,639, 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 2017 AND THEREAFTER. 1 LAMBDA LITERARY AWARDS 10 44220 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. 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. 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 - LAMBDA LITERARY AWARDS: PROGRAM SERVICE EXPENSES 29,091. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,091. CONSULTANTS - WRITERS' RETREAT: PROGRAM SERVICE EXPENSES 28,799. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,799. CONSULTANTS - WRITERS IN SCHOOLS: PROGRAM SERVICE EXPENSES 99,075. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 99,075. CONSULTANTS - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,857. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,857. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FORM 990, PAGES 1 - 12 AND ATTACHED SCHEDULES: CHANGES DUE TO FILING AN AMENDED RETURN: UPON COMPLETION OF THE INDEPENDENT FINANCIAL AUDIT, AMOUNTS AND DISCLOSURES ON MOST PARTS OF THE ORIGINALLY FILED 990 RETURN CHANGED. THE FOLLOWING IS A SUMMARY OF ORIGINALLY REPORTED AMOUNTS: FORM 990. PART I: TOTAL REVENUE (LINE 12) 1,085,647 TOTAL EXPENSES (LINE 18) 872,456 EXCESS/(LOSS) FOR THE YEAR (LINE 19) 213,191 FORM 990, PART I: TOTAL ASSETS (LINE 20) 1,297,653 TOTAL LIABILITIES (LINE 21) 245,564 NET ASSETS-END OF YEAR (LINE 22) 1,052,089