Zeta Tau Alpha Fraternity
- Assets
- $15.2m
- Revenue
- $53.0m
- Investments
- $0.0
- Employees
- 230
- Location
- Carmel, IN
- Founding
- 05/1941
- Data as of
- 07/2023
- EIN
- 23-7161479
Organization Overview
Zeta Tau Alpha Fraternity is located in Carmel, IN. The organization was established in 1941. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 07/2023, Zeta Tau Alpha Fraternity employed 230 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Zeta Tau Alpha Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Zeta Tau Alpha Fraternity generated $53.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $53.0m during the year ending 07/2023. While expenses have increased by 0.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ZETA TAU ALPHA FRATERNITY WAS ORGANIZED TO ESTABLISH AND MAINTAIN FRATERNITY CHAPTERS INTERNATIONALLY. THE FRATERNITY MAINTAINS BOTH COLLEGIATE AND ALUMNAE CHAPTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ZETA TAU ALPHA FRATERNITY WAS ORGANIZED TO ESTABLISH AND MAINTAIN FRATERNITY CHAPTERS INTERNATIONALLY. THE FRATERNITY MAINTAINS BOTH COLLEGIATE AND ALUMNAE CHAPTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dinah Laughery National President | OfficerTrustee | 15 | $0 |
Meredith Braselman VP - Collegiate | OfficerTrustee | 15 | $0 |
Stancy Hagans VP - Collegiate | OfficerTrustee | 15 | $0 |
Kimberly Ivester VP - Collegiate | OfficerTrustee | 15 | $0 |
Cheri Armstrong VP - Alumnae | OfficerTrustee | 15 | $0 |
Kery Webb VP - Alumnae | OfficerTrustee | 15 | $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 | $223,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,384 |
| Total Program Service Revenue | $52,656,757 |
| Investment income | $1,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $176,374 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$17,857 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,039,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,384 |
| 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 | $2,515,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,148 |
| Payroll taxes | $257,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $157,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,239 |
| Office expenses | $87,555 |
| Information technology | $229 |
| Royalties | $0 |
| Occupancy | $17,288,638 |
| Travel | $3,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $987,876 |
| Interest | $0 |
| Payments to affiliates | $7,153,006 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,361,404 |
| Total functional expenses | $52,995,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,553,222 |
| Savings and temporary cash investments | $1,054,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $323,355 |
| 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 | $268,159 |
| Net Land, buildings, and equipment | $1,084 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,200,340 |
| Accounts payable and accrued expenses | $99,825 |
| Grants payable | $0 |
| Deferred revenue | $323,355 |
| 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 | $876,755 |
| Other liabilities | $938,825 |
| Total liabilities | $2,238,760 |
| Net assets without donor restrictions | $12,961,580 |
| 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 | $15,200,340 |