Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation
- Assets
- $39.9m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 76
- Location
- Carmel, IN
- Founding
- 05/1941
- Data as of
- 07/2021
- EIN
- 36-1996950
Organization Overview
Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation 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 07/2021, Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation employed 76 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2021, Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $7.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN FRATERNITY CHAPTERS INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRATERNITY HAS 403 COLLEGIATE AND ALUMNAE CHAPTERS LOCATED THROUGHOUT THE US AND CANADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Vicinus Parker Executive Director | Officer | 40 | $131,840 |
Kery Webb Vice President Alumnae I | OfficerTrustee | 15 | $0 |
Cheri White Armstrong Vice President Alumnae Ii | OfficerTrustee | 15 | $0 |
Kimberly Ivester Vice President Collegiate | OfficerTrustee | 15 | $0 |
Shannon Ferguson Secretary-Treasurer | OfficerTrustee | 15 | $0 |
Jessica Meyers Vice President Collegiate | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nc State Fraternity & Sorority Life Parking & Infrastructure | 7/30/18 | $495,000 |
Treanorhl Construction | 7/30/18 | $306,893 |
Meyer Najem Construction Construction | 7/30/18 | $2,218,939 |
Nabholz Construction Corp Construction | 7/30/18 | $440,200 |
Browning Day Mullins Dierdorf Architects Architecture | 7/30/18 | $409,765 |
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 | $300,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,248 |
| Total Program Service Revenue | $5,144,486 |
| Investment income | $1,022,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $494,404 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,122,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $431,474 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,659,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $393,523 |
| 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. | $159,223 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,261,790 |
| Pension plan accruals and contributions | $61,512 |
| Other employee benefits | $308,099 |
| Payroll taxes | $206,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,920 |
| Fees for services: Accounting | $27,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,540 |
| Fees for services: Other | $4,809 |
| Advertising and promotion | $0 |
| Office expenses | $807,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $511,741 |
| Travel | $16,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206,472 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,925 |
| Insurance | $445,291 |
| All other expenses | $0 |
| Total functional expenses | $7,811,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,139,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,622,435 |
| Inventories for sale or use | $240,204 |
| Prepaid expenses and deferred charges | $187,172 |
| Net Land, buildings, and equipment | $847,762 |
| Investments—publicly traded securities | $22,159,447 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,644,837 |
| Total assets | $39,911,070 |
| Accounts payable and accrued expenses | $373,455 |
| 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 | $11,644,837 |
| Total liabilities | $12,018,292 |
| Net assets without donor restrictions | $27,892,778 |
| 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 | $39,911,070 |
Grants Awarded
Over the last fiscal year, Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation has awarded $393,523 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZETA TAU ALPHA FRATERNITY HOUSING CORP PURPOSE: SECURITY AND WIFI UPGRADES | $219,523 |
Carmel, IN PURPOSE: EDUCATIONAL PROGRAMS | $174,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation has recieved totaling $600,496.
| Awarding Organization | Amount |
|---|---|
Zeta Tau Alpha Foundation Inc Carmel, IN PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $300,248 |
Zeta Tau Alpha Foundation Inc Carmel, IN PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $300,248 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union League Club Of Chicago Chicago, IL | $26,749,429 | $20,158,030 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Alpha Chi Omega Fraternity Inc Indianapolis, IN | $29,119,055 | $16,507,869 |
Butterfield Country Club Oak Brook, IL | $37,524,568 | $14,281,799 |
University Club Of Chicago Chicago, IL | $40,558,650 | $14,990,991 |
Bellerive Country Club Saint Louis, MO | $30,118,733 | $15,442,843 |
Alpha Chi Omega National Housing Corporation Indianapolis, IN | $68,106,791 | $16,027,721 |
National Association Of Intercollegiate Athletics Kansas City, MO | $12,204,653 | $13,287,204 |
Big Spring Country Club Inc Louisville, KY | $27,849,226 | $12,028,840 |
Westmoreland Country Club Wilmette, IL | $31,536,434 | $12,960,463 |
St Louis Country Club Saint Louis, MO | $23,333,122 | $12,315,220 |
Skokie Country Club Glencoe, IL | $25,480,990 | $12,823,319 |