Zeta Psi Fraternity Of North America is located in New Brunswick, NJ. 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 Of North America is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Zeta Psi Fraternity Of North America generated $161.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $173.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AFFORDABLE LIVING QUARTERS FOR MEMBERS AND GOOD ACEDEMIC ENVIREMENT FOR LEARNING.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
Erik Kringlen Director  | 0 | $0 | |
Mike Hickman Director  | 0 | $0 | |
Chandler Georgiou Trustee  | 1 | $0 | |
Frank Dileo President/treas  | 5 | $0 | |
Bob Volison Trustee  | 1 | $0 | |
Michael Chalhoub Trustee  | 1 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,141 | 
| Total Program Service Revenue | $156,099 | 
| Membership dues | $0 | 
| Investment income | $0 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $0 | 
| Other Revenue | $0 | 
| Total Revenue | $161,240 | 
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 | 
| Benefits paid to or for members | $0 | 
| Salaries, other compensation, and employee benefits | $0 | 
| Professional fees and other payments to independent contractors | $2,825 | 
| Occupancy, rent, utilities, and maintenance | $0 | 
| Printing, publications, postage, and shipping | $288 | 
| Other expenses | $170,653 | 
| Total expenses | $173,766 | 
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,439 | 
| Other assets | $0 | 
| Total assets | $58,467 | 
| Total liabilities | $119,035 | 
| Net assets or fund balances | -$60,568 |