Lipids are a heterogeneous group of organic compounds that are insoluble in water but soluble in organic solvents. They include fats, waxes, sterols, fat-soluble vitamins, monoglycerides, and phospholipids. Lipids are an essential part of cell membranes and a stored form of energy. Cholesterol is an important lipid that helps form cell membranes and is a precursor for vitamin D and steroid hormones. Essential fatty acids must be obtained from dietary sources and are important for biological functions.