2021-11-15T20:31:02-06:00 2021-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2020-07-01 521996380 LAMBDA LITERARY FOUNDATION LAMB 2132775755 PO BOX 20186 NEW YORK NY 10014 SUSAN R LANDERS EXECUTIVE DIRECTOR 2132775755 2021-11-15 1 SUSAN LANDERS 999009999 WILLIAM SKODY P00631754 2129671100 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z SUSAN R LANDERS PO BOX 20186 NEW YORK NY 10014 831677 0 X LAMBDALITERARY.ORG X 1996 DC NURTURES AND ADVOCATES FOR LGBTQ WRITERS, ELEVATING THE IMPACT OF THEIR WORDS TO CREATE COMMUNITY 12 12 5 32 13639 5358 869606 732537 153971 99108 107 32 0 0 1023684 831677 9500 17500 0 0 321980 367096 0 0 52492 270938 151770 602418 536366 421266 295311 561947 935433 18360 96535 543587 838898 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 106614 17500 64976 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. 16378 20493 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. 106389 WRITERS IN SCHOOLS - BRINGING AWARD-WINNING LGBT WRITERS INTO SCHOOLS TO DISCUSS THEIR BOOKS AND LIVES WITH STUDENTS. 35657 THE LAMBDA LITERARY REVIEW 48707 LAMBDA LITFEST 84364 313745 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 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 17 0 1 5 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 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 KIM HOOVER PRESIDENT (FORMER) 3.00 X X 0 0 0 JOE GARRETT VICE PRESIDENT 3.00 X X 0 0 0 RAKESH SATYAL VICE PRESIDENT (FORMER) 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 TAMIKA BUTLER DIRECTOR 3.00 X 0 0 0 DARNELL MOORE DIRECTOR 3.00 X 0 0 0 CHRISTOPHER SOTO DIRECTOR 3.00 X 0 0 0 KENT D WOLF DIRECTOR 3.00 X 0 0 0 CAROLINE YOUNG DIRECTOR 3.00 X 0 0 0 SUE LANDERS EXECUTIVE DIRECTOR 50.00 X 98885 0 11655 98885 0 11655 0 0 0 0 0 277780 454757 732537 LAMBDA LITERARY AWARDS 900099 64976 64976 WRITERS' RETREAT 900099 20493 20493 LAMBDA LITERARY REVIEW 541800 13639 13639 99108 32 32 831677 85469 13639 32 X 17500 17500 117864 81997 19472 16395 200934 136209 36064 28661 24823 6642 16861 1320 23475 6281 15946 1248 17500 17500 81913 33306 48607 530 500 30 16822 4213 7741 4868 4902 4902 755 755 1029 1029 HONORARIA 12165 12165 SUPPLIES 10316 9807 509 BANK AND OTHER SERVICE 4234 4234 POSTAGE AND DELIVERY 1308 41 1267 296 182 114 536366 313745 170129 52492 354098 795564 111936 108969 95913 30900 41166 41166 0 0 561947 935433 18360 24686 46849 0 25000 18360 96535 X 487143 789154 56444 49744 543587 838898 561947 935433 295311 0 X X 1 X 0 1 0 X 366704 367433 176993 869606 732537 2513273 366704 367433 176993 869606 732537 2513273 42749 2470524 5 31 20 107 32 195 11882 9293 4439 5528 13639 44781 2558249 802299 0.96570 0.94680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38797 38797 0 2369 2369 0 0 REFUNDABLE ADVANCES 25000 25000 X 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, 2021 AND JUNE 30, 2020, THE ORGANIZATION INCURRED A TAX EXPENSE ON THIS UNRELATED BUSINESS ACTIVITY OF $13,639 AND $5,528, 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 2016 AND THEREAFTER. 1 LAMBDA LITERARY AWARDS 6 17500 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 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 6,366. MANAGEMENT AND GENERAL EXPENSES 45,600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,966. CONSULTANTS - LAMBDA LITERARY REVIEW: PROGRAM SERVICE EXPENSES 2,240. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,240. CONSULTANTS - WRITERS IN SCHOOLS: PROGRAM SERVICE EXPENSES 22,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,200. CONSULTANTS - LITFEST: PROGRAM SERVICE EXPENSES 2,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,500. CONSULTANTS - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,007. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,007. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.