Zeta Beta Tau Foundation Inc
- Assets
- $13.0m
- Revenue
- $798.1k
- Investments
- $1.1k
- Employees
- 8
- Location
- Carmel, IN
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 80-0244485
Organization Overview
Zeta Beta Tau Foundation Inc is located in Carmel, IN. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Zeta Beta Tau Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeta Beta Tau Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Zeta Beta Tau Foundation Inc generated $798.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
SEE SCHEDULE O.THE ZETA BETA TAU FOUNDATION IS A NONPROFIT CORPORATION EXCLUSIVELY COMMITTED TO EDUCATIONAL AND CHARITABLE PURPOSES THAT ASSIST THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY THROUGH THE FUNDING OF SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS TO MAXIMIZE THEIR PERSONAL DEVELOPMENT AND PREPARE THEM TO BE LEADERS OF SOCIETY. THE FOUNDATION ALSO SUPPORTS PHILANTHROPIC INTERESTS VIA GRANTS TO OTHER CHARITABLE ORGANIZATIONS.THE SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS FUNDED BY THE FOUNDATION ENHANCE THE OVERALL VALUE OF BROTHERHOOD IN ZETA BETA TAU FRATERNITY BY COMPLEMENTING THE COLLEGIATE EDUCATIONAL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACADEMIC SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS WHO ALMOST WITHOUT EXCEPTION ARE BROTHERS OF ZETA BETA TAU FRATERNITY. SCHOLARSHIPS ARE GRANTED BASED ON A FORMULA OF NEED, SCHOLARSHIP, COMMUNITY, CAMPUS AND CHAPTER ACTIVITY.
LEADERSHIP GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR LEADERSHIP PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES FROM ACROSS THE UNITED STATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS GENERAL LEADERSHIP, GROUP DYNAMICS, CRISIS AND RISK MANAGEMENT, MENTAL HEALTH, EVENT PLANNING, BUDGETING AND FINANCES, COMMUNICATION SKILLS AND ALCOHOL AND DRUG ABUSE.
HATE PREVENTION GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR ANTI-HATE PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS COMBATTING CAMPUS-ANTI-SEMITISM, ISRAEL, HATE PREVENTION, DIVERSITY AND INCLUSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faron A Lewitt Chief Executive Officer | Officer | 40 | $189,170 |
Joel T Wyatt Chief Development Officer | 40 | $195,000 | |
Todd A Gagliano Director | Trustee | 1 | $0 |
Russell S Goldstein Director | Trustee | 1 | $0 |
Brett A Leone Director | Trustee | 1 | $0 |
Jeffrey W Mankoff Director | Trustee | 1 | $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 | $1,344,913 |
| Noncash contributions included in lines 1a–1f | $9,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,344,913 |
| Total Program Service Revenue | $0 |
| Investment income | $255,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$815,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $798,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $285,272 |
| Grants and other assistance to domestic individuals. | $160,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,383 |
| Compensation of current officers, directors, key employees. | $30,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,470 |
| Pension plan accruals and contributions | $8,884 |
| Other employee benefits | $29,489 |
| Payroll taxes | $44,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,054 |
| Fees for services: Accounting | $34,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,513 |
| Fees for services: Other | $5,826 |
| Advertising and promotion | $0 |
| Office expenses | $11,135 |
| Information technology | $44,282 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $78,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,162 |
| All other expenses | $4,788 |
| Total functional expenses | $1,635,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,219 |
| Savings and temporary cash investments | $794,027 |
| Pledges and grants receivable | $1,637,202 |
| Accounts receivable, net | $50,583 |
| 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 | $37,275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,373,622 |
| Investments—other securities | $1,108 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,749 |
| Total assets | $13,020,785 |
| Accounts payable and accrued expenses | $70,017 |
| Grants payable | $175,286 |
| 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 | $0 |
| Total liabilities | $245,303 |
| Net assets without donor restrictions | $730,659 |
| Net assets with donor restrictions | $12,044,823 |
| 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 | $13,020,785 |
Grants Awarded
Over the last fiscal year, Zeta Beta Tau Foundation Inc has awarded $143,736 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ZETA BETA TAU FRATERNITY PURPOSE: EDUCATIONAL PROGRAMS | $97,656 |
CHILDREN'S MIRACLE NETWORK PURPOSE: PROMOTE ORGANIZATION'S MISSION TO SAVE CHILDREN THROUGH AWARENESS AND SUPPORT OF CHILDREN'S HOSPITALS - SPLIT CONTRIBUTION PROGRAM | $31,923 |
JEWISH WOMEN INTERNATIONAL PURPOSE: SAFE & HEALTHY CAMPUSES EDUCATION | $14,157 |