Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation
- Assets
- $36.8m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 76
- Location
- Carmel, IN
- Founding
- 05/1941
- Data as of
- 07/2023
- 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 07/2023, 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 07/2023, Zeta Tau Alpha Intl Fraternity & Fraternity Housing Corporation generated $8.4m 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 (9.3%) each year. All expenses for the organization totaled $10.1m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 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
2023
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 400 COLLEGIATE AND ALUMNAE CHAPTERS LOCATED THROUGHOUT THE US AND CANADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dinah Laughery President | OfficerTrustee | 15 | $0 |
Meredith Braselman Vice President Collegiate | OfficerTrustee | 15 | $0 |
Stancy Hagans Vice President Collegiate | OfficerTrustee | 15 | $0 |
Kimberly Ivester Vice President Collegiate | OfficerTrustee | 15 | $0 |
Kery Webb Vice President Alumnae I | OfficerTrustee | 15 | $0 |
Cheri Armstrong Vice President Alumnae Ii | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nc State Fraternity & Sorority Life Parking & Infrastructure | 7/30/18 | $495,000 |
Nabholz Construction Corp Construction | 7/30/18 | $440,200 |
Browning Day Mullins Dierdorf Architects Architecture | 7/30/18 | $409,765 |
Meyer Najem Construction Construction | 7/30/18 | $2,218,939 |
Treanorhl Construction | 7/30/18 | $306,893 |
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 | $798,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,977 |
| Total Program Service Revenue | $5,931,743 |
| Investment income | $1,002,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $716,249 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,655,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $196,465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,374,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,691 |
| 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. | $196,243 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,334,919 |
| Pension plan accruals and contributions | $66,914 |
| Other employee benefits | $351,536 |
| Payroll taxes | $219,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,176 |
| Fees for services: Accounting | $28,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $266,229 |
| Fees for services: Other | $39,305 |
| Advertising and promotion | $0 |
| Office expenses | $920,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $524,702 |
| Travel | $207,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,212,646 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,985 |
| Insurance | $508,903 |
| All other expenses | $0 |
| Total functional expenses | $10,057,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,759,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,084,060 |
| Inventories for sale or use | $213,675 |
| Prepaid expenses and deferred charges | $179,965 |
| Net Land, buildings, and equipment | $647,525 |
| Investments—publicly traded securities | $19,775,036 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,041,213 |
| Total assets | $36,753,113 |
| Accounts payable and accrued expenses | $386,715 |
| Grants payable | $0 |
| Deferred revenue | $21,400 |
| 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 | $13,041,213 |
| Total liabilities | $13,449,328 |
| Net assets without donor restrictions | $23,303,785 |
| 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 | $36,753,113 |
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 FOUNDATION PURPOSE: EDUCATIONAL PROGRAMS | $174,000 |
ZETA TAU ALPHA FRATERNITY HOUSING CORP PURPOSE: SECURITY AND WIFI UPGRADES | $219,523 |