2025-05-15T17:09:04-05:00 2024-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2023-07-01 521996380 LAMBDA LITERARY FOUNDATION LAMB 2132775755 PO BOX 20186 NEW YORK NY 10014 ASHLEY BLACKMON INT EXEC DIR 2132775755 2025-05-15 1 1 WILLIAM SKODY P00631754 2129671100 2025-05-15 2023 2025-03-06 01:10:19Z ASHLEY BLACKMON PO BOX 20186 NEW YORK NY 10014 1616012 0 X LAMBDALITERARY.ORG X 1996 DC NURTURES AND ADVOCATES FOR LGBTQ WRITERS, ELEVATING THE IMPACT OF THEIR WORDS TO CREATE COMMUNITY 14 13 10 13 2712 0 1435355 1354919 255784 258779 3256 2314 0 0 1694395 1616012 25270 27000 0 0 733681 888162 0 0 213687 919040 802276 1677991 1717438 16404 -101426 1362627 1114426 294134 175068 1068493 939358 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 207927 27000 3979 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. 304708 252088 WRITERS' RETREAT - A WEEK-LONG RETREAT OFFERING LGBT WRITERS THE CHANCE TO BE IMMERSED IN WRITING FICTION, NONFICTION, OR POETRY, AND TO LEARN FROM OTHER LGBT WRITERS AND PUBLISHING INDUSTRY PROFESSIONALS. 560456 WRITERS IN SCHOOLS - BRINGING AWARD-WINNING LGBT WRITERS INTO SCHOOLS TO DISCUSS THEIR BOOKS WITH STUDENTS. 70002 THE LAMBDA LITERARY REVIEW LAMBDA LITFEST 70002 1143093 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 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 1.00 X X 0 0 0 ANDREA MARRA VICE PRESIDENT 1.00 X X 0 0 0 ASHLEY BLACKMON TREASURER 6.00 X X 0 0 0 J MICHAEL SAMUEL TREASURER (FORMER) 6.00 X X 0 0 0 ROBERT GUINSLER SECRETARY 1.50 X X 0 0 0 ASHLEY BLACKMON DIRECTOR 1.00 X 0 0 0 CHASE TM ANDERSON DIRECTOR 1.00 X 0 0 0 DARNELL MOORE DIRECTOR 1.00 X 0 0 0 GARY MOBLEY DIRECTOR 2.00 X 0 0 0 KENT D WOLF DIRECTOR 1.00 X 0 0 0 MAULIK PANCHOLY DIRECTOR 1.00 X 3750 0 0 MICHELLE HERRARA-MULLIGAN DIRECTOR 1.00 X 0 0 0 PRESTON SO DIRECTOR 1.00 X 0 0 0 RAY DANIELS DIRECTOR 1.00 X 0 0 0 SAMIYA BASHIR EXECUTIVE DIRECTOR (FORMER) 40.00 X 137304 0 17726 DOLPH GOLDENBURG INTERIM EXECUTIVE DIR. (FROM 11/23) 22.00 X 0 0 0 141054 0 17726 1 0 1 0 0 632833 722086 1354919 PROGRAM SERVICE FEES 900099 254800 252088 2712 LAMBDA LITERARY AWARDS 900099 3979 3979 258779 2314 2314 1616012 256067 2712 2314 X 27000 27000 158690 96392 31962 30336 540860 323391 111572 105897 82 49 17 16 131791 78801 27186 25804 56739 33926 11704 11109 40122 40122 413616 342932 43940 26744 1725 325 1400 24595 10621 12961 1013 45883 15450 22479 7954 9427 7362 1797 268 2389 2389 4985 4985 VENUE EXPENSE 123583 118518 5065 SUPPLIES EXPENSE 68411 62920 4339 1152 TRAVEL AND MEETINGS EXP 25920 9294 15884 742 BANK AND OTHER SERVICE 15915 9904 6011 25705 6533 17920 1252 1717438 1143093 360658 213687 316059 592069 470062 110238 525008 378649 17984 45835 6561 12186 3261 5663 8925 1362627 1114426 104471 123668 91031 51400 98632 0 294134 175068 X 1018749 546461 49744 392897 1068493 939358 1362627 1114426 -101426 -27709 0 X X 0 1 X 1 0 X 869606 732537 941649 1435355 1354919 5334066 869606 732537 941649 1435355 1354919 5334066 496485 4837581 107 32 16 3256 2314 5725 5528 13639 10128 3437 2712 35444 5375235 879617 0.90000 0.92480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12186 3261 8925 8925 X 1619237 3225 3225 1616012 0 1616012 1720663 3225 3225 1717438 0 1717438 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, 2024 AND JUNE 30, 2023, THE ORGANIZATION INCURRED A TAX EXPENSE ON THIS UNRELATED BUSINESS ACTIVITY OF $2,712 AND $3,437, 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 27000 CASH PART I, LINE 2: GRANTS ARE CASH AWARDS ISSUED AS SPECIAL PRIZES FOR LITERARY AND EDITORIAL EXCELLENCE. PUBLIC NOMINATIONS ARE ACCEPTED, AND INDEPENDENT JURORS REVIEW THE MATERIALS SUBMITTED AND DETERMINE THE WINNER. X 0 0 0 0 0 0 0 0 0 SAMIYA BASHIR EXECUTIVE DIRECTOR (FORMER) 137304 0 0 0 0 0 0 0 17726 0 155030 0 0 0 FORM 990. PART IX, LINE 25B: 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. SINCE THAT TIME, THE ORGANIZATION HAS BEEN WORKING ACTIVELY IN GOOD FAITH TO INVESTIGATE THE TRANSACTIONS, OBTAIN EXPLANATIONS FOR THE USE OF FUNDS AND SEEK RECOVERY OF THE FUNDS, AND SUCH EFFORTS HAVE CONTINUED DURING THE ORGANIZATION'S TAX YEAR ENDING JUNE 30, 2025. THE ORGANIZATION WILL MAKE ANY REQUIRED REPORTING ON FORM 4720. THE DISQUALIFIED PERSON IS NO LONGER EMPLOYED AT THE ORGANIZATION. THE ORGANIZATION HAS ALSO UNDERTAKEN VARIOUS STEPS TO PREVENT SUCH A DIVERSION FROM HAPPENING AGAIN IN THE FUTURE, INCLUDING ADOPTING NEW POLICIES AND PROCEDURES AND MODIFYING ITS INTERNAL CONTROLS, SUCH AS REQUIRING ADDITIONAL APPROVALS AND REPORTING FOR EXPENSE REIMBURSEMENT REQUESTS. THE ORGANIZATION IS COMMITTED TO UPHOLDING HIGH STANDARDS OF FINANCIAL RESPONSIBILITY AND ETHICS IN FULFILLMENT OF ITS CHARITABLE MISSION. 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 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION. THE DRAFT RETURN IS REVIEWED IN DETAIL BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS ON THE ORGANIZATION'S BEHALF PRIOR TO FILING. A COPY OF THE FINAL VERSION OF THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. 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. PROSPECTIVE BOARD MEMBERS ARE ALSO AASKED TO DISCLOSE ANY CONFLICTS AS PART OF ONBOARDING. ANY CONFLICT IS DISCLOSED AND REVIEWED. WHILE WE BELIEVE WE ARE AWARE OF ANY CONFLICTS OF INTEREST, NOT ALL BOARD MEMBERS COMPLETED THE ANNUAL CONFLICT OF INTEREST DISCLOSURE IN 2024. FORM 990, PART VI, SECTION B, LINE 15A THIS REVIEW INCLUDES RESEARCHING COMPARABLE DATA ON GUIDESTAR, NONPROFIT RESOURCE CENTERS, AND RECOMMENDATIONS FROM SEARCH CONSULTANT. 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 - LAMBDA LITERARY AWARDS: PROGRAM SERVICE EXPENSES 48,186. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,186. CONSULTANTS - WRITERS' RETREAT: PROGRAM SERVICE EXPENSES 76,211. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,211. CONSULTANTS - LAMBDA LITERARY REVIEW: PROGRAM SERVICE EXPENSES 575. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 575. CONSULTANTS - WRITERS IN SCHOOLS: PROGRAM SERVICE EXPENSES 178,440. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 178,440. CONSULTANTS - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,036. FUNDRAISING EXPENSES 26,744. TOTAL EXPENSES 41,780. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 39,520. MANAGEMENT AND GENERAL EXPENSES 28,904. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,424. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.