Zeta Psi Fraternity Rho Alpha Chapter Mit
- Assets
- $1.1m
- Revenue
- $229.7k
- Investments
- $0.0
- Employees
- 0
- Location
- South San Francisco, CA
- Founding
- 01/1941
- Data as of
- 04/2021
- EIN
- 04-2826250
Organization Overview
Zeta Psi Fraternity Rho Alpha Chapter Mit is located in South San Francisco, CA. The organization was established in 1941. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Zeta Psi Fraternity Rho Alpha Chapter Mit is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2021, Zeta Psi Fraternity Rho Alpha Chapter Mit generated $229.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $173.9k during the year ending 04/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE MIT CHAPTER OF ZETA PSI FRATERNITY FOR THE EDUCATIONAL, CHARITABLE, ATHETICAL AND SOCIAL BENEFIT OF UNDERGRADUATE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN RESIDENCE FOR UNDERGRADUATE MEMBERS, PROVIDE MAINTENANCE AND UPKEEP OF FACITLITY, AND MAKE LONG TERM CAPITAL INVESTMENTS FOR LONG TERM HEALTH OF FACILITY.
PROVIDED EDUCATIONAL INFRASTRUCTURE TO UNDERGRADUATE MEMBERS IN THE FORM OF ADDITIONAL STUDY ENHANCING FUTNITURE AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Munoz Treasurer | Officer | 2 | $0 |
Billy Keheller Beve President | Officer | 2 | $0 |
Akil Middleton President | Officer | 2 | $0 |
Charles Bachmerer Alumni Relations | 1 | $0 | |
Kenny Friedman Career Advisor | 1 | $0 | |
Scott Beasley Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,980 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,463 |
| Total Program Service Revenue | $0 |
| Investment income | $14,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $10,609 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,947 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,115 |
| Insurance | $13,707 |
| All other expenses | $153 |
| Total functional expenses | $173,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $86,760 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $55,087 |
| Investments—publicly traded securities | $955,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $500 |
| Other assets | $0 |
| Total assets | $1,098,113 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $742,776 |
| Paid-in or capital surplus, or land, building, or equipment fund | $16,761 |
| Retained earnings, endowment, accumulated income, or other funds | $338,576 |
| Total liabilities and net assets/fund balances | $1,098,113 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Zeta Psi Fraternity Rho Alpha Chapter Mit has recieved totaling $7,029.
| Awarding Organization | Amount |
|---|---|
Massachusetts Institute Of Technology Cambridge, MA PURPOSE: IRDF Grant | $7,029 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Of San Francisco State College San Francisco, CA | $23,679,804 | $8,027,384 |
Alpha Phi Chapter House Of Corporation Of Bloomington Elk Grove, CA | $3,111,091 | $1,023,375 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $361,437 | $1,345,397 |
Beta Epsilon Building Co Of Tucon Elk Grove, CA | $6,120,768 | $1,323,685 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $366,816 | $1,179,925 |
Sigma Chi Fraternity Los Angeles, CA | $71,931 | $1,167,550 |
Chi Omega Fraternity Berkeley, CA | $1,735,901 | $1,318,431 |
Zeta Beta Tau Fraternity Los Angeles, CA | $48,266 | $1,130,445 |
Gamma Phi Beta Sorority Inc Tucson, AZ | $2,331,775 | $1,120,697 |
Chi Omega House Corp Tucson, AZ | $2,622,204 | $1,280,098 |
Alpha Phi International Fraternity Elk Grove, CA | $435,880 | $1,113,024 |
Delta Tau House Corporation Encino, CA | $1,215,239 | $20,773 |