Zeta Beta Tau Fraternity
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Indianapolis, IN
- Founding
- 10/1940
- Data as of
- 05/2022
- EIN
- 13-1496610
Organization Overview
Zeta Beta Tau Fraternity is located in Indianapolis, IN. The organization was established in 1940. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2022, Zeta Beta Tau Fraternity employed 18 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Zeta Beta Tau Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Zeta Beta Tau Fraternity generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.5m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND DEVELOP IN ITS MEMBERSHIP THE TENETS OF ITS CREDO: INTELLECTUAL AWARENESS, SOCIAL RESPONSIBILITY, INTEGRITY, AND BROTHERLY LOVE, IN ORDER TO PREPARE ITS MEMBERS FOR POSITIONS OF LEADERSHIP AND SERVICE WITHIN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL OVERSIGHT TO THE LOCAL CHAPTERS OF ZETA BETA TAU FRATERNITY TO COORDINATE MEMBERSHIP ACTIVITIES AND GOALS, AND TO PROVIDE ADMINISTRATIVE COORDINATION AND FINANCIAL ASSISTANCE.
THE FRATERNITY CONDUCTS A RISK MANAGEMENT PROGRAM FOR ITS MEMBER CHAPTERS TO ENABLE THEM TO MAXIMIZE THE USE OF THEIR PROPERTY DEDICATED TO THE EXEMPT PURPOSE.
THE FRATERNITY CONDUCTS LEADERSHIP AND EDUCATIONAL PROGRAMS FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL INTELLECTUAL, CHARACTER, AND LEADERSHIP SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Anderson Chief Executive Director | Officer | 40 | $218,952 |
Jonathan D Frieden President | OfficerTrustee | 10 | $0 |
Barry M Aarons Vice President | OfficerTrustee | 2 | $0 |
William F Sullivan III Vice President | OfficerTrustee | 2 | $0 |
Zachary P Nahmias Secretary | OfficerTrustee | 2 | $0 |
Craig J Wild Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,837 |
| Total Program Service Revenue | $2,175,395 |
| Investment income | $444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $70,853 |
| 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 | -$11,165 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,454,706 |
| 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. | $235,876 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,332 |
| Pension plan accruals and contributions | $32,109 |
| Other employee benefits | $59,101 |
| Payroll taxes | $62,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,050 |
| Fees for services: Accounting | $45,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,000 |
| Fees for services: Other | $19,999 |
| Advertising and promotion | $2,336 |
| Office expenses | $66,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,223 |
| Travel | $168,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $244,704 |
| Interest | $10,201 |
| Payments to affiliates | $15,765 |
| Depreciation, depletion, and amortization | $25,168 |
| Insurance | $496,856 |
| All other expenses | $74,477 |
| Total functional expenses | $2,546,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,845 |
| Savings and temporary cash investments | $642,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $301,502 |
| 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 | $203,224 |
| Net Land, buildings, and equipment | $51,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,969 |
| Total assets | $1,606,323 |
| Accounts payable and accrued expenses | $213,936 |
| Grants payable | $0 |
| Deferred revenue | $60,892 |
| 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 | $183,491 |
| Total liabilities | $458,319 |
| Net assets without donor restrictions | $1,148,004 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,606,323 |
Grants Awarded
Over the last fiscal year, Zeta Beta Tau Fraternity has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CAMPUS HEALTH AND SAFETY INITIATIVE | $10,000 |
Washington, DC PURPOSE: JEWISH TEEN EXPERIENCE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Zeta Beta Tau Fraternity has recieved totaling $97,656.
| Awarding Organization | Amount |
|---|---|
Zeta Beta Tau Foundation Inc Indianapolis, IN PURPOSE: EDUCATIONAL PROGRAMS | $97,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |
Sigma Tau Gamma Fraternity Indianapolis, IN | $5,058,507 | $3,953,336 |
Educational Foundation Of Alpha Gamma Rho Kansas City, MO | $16,072,489 | $5,767,840 |
Delta Tau Delta Educational Foundation Inc Fishers, IN | $27,163,598 | $7,019,094 |
Alpha Phi International Fraternity Inc Chicago, IL | $421,200 | $3,656,233 |