Skip to content
Nonprofiteer
← ZETA BETA TAU FOUNDATION INC

Form 990 for tax year 2023

Filed by ZETA BETA TAU FOUNDATION INC.

Totals

Total revenue
$825,729
Total expenses
$2,092,394
Contributions and grants received
$636,495
Grants paid
$968,620
Program service revenue
$0
Investment income
$176,584
Other revenue
$12,650
Total assets, end of year
$13,012,974
Total liabilities, end of year
$255,613
Net assets or fund balances, end of year
$12,757,361
Program services expenses (Part IX)
$1,221,571
Management and general expenses
$467,720
Fundraising expenses
$403,103
Program service expenses (Part III)
$1,221,571

Program services were 58.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $636,495

  • 1g · Noncash contributions included above

    $23,275

  • 3 · Investment income

    total $332,099 · excluded $332,099

  • 7a · Gross sales of assets other than inventory

    securities $15,842,745

  • 7b · Less cost or other basis and sales expenses

    securities $15,998,260

  • 7c · Gain or loss

    securities -$155,515

  • 7d · Net gain or loss

    total -$155,515 · excluded -$155,515

  • 11a · Other revenue: OTHER MISCELLANEOUS

    total $12,650 · related or exempt $12,650

  • 11e · Other revenue, total

    $12,650

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $791,495 · program services $791,495

  • 2 · Grants to domestic individuals

    total $177,125 · program services $177,125

  • 5 · Compensation of officers, directors and key employees

    total $204,508 · program services $81,804 · management and general $30,676 · fundraising $92,028

  • 7 · Other salaries and wages

    total $351,760 · program services $124,340 · management and general $53,265 · fundraising $174,155

  • 8 · Pension plan contributions

    total $4,593 · program services $2,373 · management and general $850 · fundraising $1,370

  • 9 · Other employee benefits

    total $33,082 · program services $7,360 · management and general $4,414 · fundraising $21,308

  • 10 · Payroll taxes

    total $40,681 · program services $14,683 · management and general $7,281 · fundraising $18,717

  • 11b · Fees: legal

    total $12,944 · management and general $12,944

  • 11c · Fees: accounting

    total $43,041 · management and general $43,041

  • 11f · Fees: investment management

    total $50,352 · management and general $50,352

  • 11g · Fees: other

    total $97,930 · management and general $97,930

  • 13 · Office expenses

    total $5,064 · management and general $4,669 · fundraising $395

  • 14 · Information technology

    total $50,618 · program services $3,500 · management and general $40,118 · fundraising $7,000

  • 17 · Travel

    total $47,252 · program services $18,781 · management and general $14,298 · fundraising $14,173

  • 19 · Conferences, conventions and meetings

    total $98,627 · program services $110 · management and general $91,057 · fundraising $7,460

  • 23 · Insurance

    total $1,569 · management and general $1,569

  • 24a · Other expenses: PRINTING, PUBLICATION,

    total $53,623 · management and general $6,541 · fundraising $47,082

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $19,415 · fundraising $19,415

  • 24c · Other expenses: MEMBERSHIP & FILING FEE

    total $6,715 · management and general $6,715

  • 24d · Other expenses: TRAINING AND DEVELOPMEN

    total $2,000 · management and general $2,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,219 · end of year $20,949

  • 2 · Savings and temporary cash investments

    beginning of year $794,027 · end of year $461,846

  • 3 · Pledges and grants receivable

    beginning of year $1,637,202 · end of year $1,217,923

  • 4 · Accounts receivable

    beginning of year $50,583 · end of year $65,797

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,275 · end of year $6,867

  • 10a · Land, buildings and equipment: cost or other basis

    $23,257

  • 10b · Land, buildings and equipment: accumulated depreciation

    $23,257

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $10,373,622 · end of year $11,140,132

  • 12 · Investments: other securities

    beginning of year $1,108 · end of year $1,108

  • 15 · Other assets

    beginning of year $88,749 · end of year $98,352

  • 17 · Accounts payable and accrued expenses

    beginning of year $70,017 · end of year $94,310

  • 18 · Grants payable

    beginning of year $175,286 · end of year $161,303

  • 27 · Net assets without donor restrictions

    beginning of year $730,659 · end of year $476,630

  • 28 · Net assets with donor restrictions

    beginning of year $12,044,823 · end of year $12,280,731

Mission and programs · 2023

Mission

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. THE FOUNDATION ASSISTS THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY BY FUNDING SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS TO MAXIMIZE THEIR PERSONAL DEVELOPMENT AND PREPARE THEM TO BE LEADERS OF SOCIETY. 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.

Activities or mission (Part I)

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.

  • 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.

    Expenses $223,380 · Grants $177,125

  • 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.

    Expenses $979,808 · Grants $776,919

  • 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.

    Expenses $18,383 · Grants $14,576

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joel T Wyatt

    FORMER CHIEF DEVELOPMENT OFFICER

    Total calculated
    $173,924
    From this org
    $172,910
    From related orgs
    $0
    Other
    $1,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,910
    Bonus
    $0
    Other
    $0
    Deferred
    $675
    Nontaxable benefits
    $339
    Filer's total
    $173,924

  • Faron A Lewitt

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $147,142
    From this org
    $135,588
    From related orgs
    $0
    Other
    $11,554
    Hours/week
    40

  • John D Stemen Esq

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $57,366
    From this org
    $48,689
    From related orgs
    $0
    Other
    $8,677
    Hours/week
    40

  • Todd A Gagliano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel M Egel-Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brett A Leone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Yoaav S Krauthammer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew J Rubins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd D Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven E Gold

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bret W Hrbek

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey J Bakker Esq

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • E Mark Fishman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Devon M Schad

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349306742

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.