Civic Intelligence

Zeta Beta Tau Fraternity Inc

EIN 13-1496610 • 501(c)7 • Carmel, IN

Profile

To foster and develop in its membership the tenets of its credo: intellectual awareness, social responsibility, integrity, and brotherly love, in order to prepare its members for positions of leadership and service within their communities.

Refreshing map…

1320 City Center Dr Suite 225Carmel, IN 46032

www.zbt.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.61x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

60th percentile

0.44x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Net Margin

17th percentile

-7.0%

Higher net margin than 17% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$257,823

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,597,533

Down $139,289 (-5.1%) from 2023

Liabilities

Up

$1,511,983

Up $259,103 (+21%) from 2023

Net Assets

Down

$1,085,550

Down $398,392 (-27%) from 2023

Revenue

Down

$2,604,058

Down $340,196 (-12%) from 2023

Expenses

Up

$2,882,145

Up $273,829 (+10%) from 2023

Net Income

Down

-$278,087

Down $614,025 (-183%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $1,159,577Liabilities 2011: $349,547Net Assets 2011: $810,0302011Assets 2012: $1,063,430Liabilities 2012: $230,719Net Assets 2012: $832,7112012Assets 2013: $1,010,815Liabilities 2013: $323,982Net Assets 2013: $686,8332013Assets 2014: $1,062,766Liabilities 2014: $327,962Net Assets 2014: $734,8042014Assets 2015: $1,148,677Liabilities 2015: $461,987Net Assets 2015: $686,6902015Assets 2016: $1,127,108Liabilities 2016: $458,530Net Assets 2016: $668,5782016Assets 2017: $1,243,842Liabilities 2017: $455,307Net Assets 2017: $788,5352017Assets 2018: $1,155,072Liabilities 2018: $414,725Net Assets 2018: $740,3472018Assets 2019: $946,889Liabilities 2019: $259,475Net Assets 2019: $687,4142019Assets 2020: $1,102,486Liabilities 2020: $60,224Net Assets 2020: $1,042,2622020Assets 2021: $1,732,362Liabilities 2021: $493,011Net Assets 2021: $1,239,3512021Assets 2022: $1,606,323Liabilities 2022: $458,319Net Assets 2022: $1,148,0042022Assets 2023: $2,736,822Liabilities 2023: $1,252,880Net Assets 2023: $1,483,9422023Assets 2024: $2,597,533Liabilities 2024: $1,511,983Net Assets 2024: $1,085,5502024

Highlighted filing

2024

Assets$2,597,533
Liabilities$1,511,983
Net Assets$1,085,550

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,882,097Expenses 2011: $1,662,903Net Income 2011: $219,1942011Expenses 2012: $1,893,0542012Revenue 2013: $2,012,595Expenses 2013: $2,158,473Net Income 2013: -$145,8782013Revenue 2014: $2,189,846Expenses 2014: $2,141,875Net Income 2014: $47,9712014Revenue 2015: $2,432,153Expenses 2015: $2,480,267Net Income 2015: -$48,1142015Revenue 2016: $2,613,086Expenses 2016: $2,578,184Net Income 2016: $34,9022016Revenue 2017: $2,746,329Expenses 2017: $2,547,715Net Income 2017: $198,6142017Revenue 2018: $2,670,557Expenses 2018: $2,718,745Net Income 2018: -$48,1882018Revenue 2019: $2,686,605Expenses 2019: $2,739,538Net Income 2019: -$52,9332019Revenue 2020: $2,708,009Expenses 2020: $2,375,803Net Income 2020: $332,2062020Revenue 2021: $2,016,521Expenses 2021: $1,727,751Net Income 2021: $288,7702021Revenue 2022: $2,454,706Expenses 2022: $2,546,181Net Income 2022: -$91,4752022Revenue 2023: $2,944,254Expenses 2023: $2,608,316Net Income 2023: $335,9382023Revenue 2024: $2,604,058Expenses 2024: $2,882,145Net Income 2024: -$278,0872024

Highlighted filing

2024

Revenue$2,604,058
Expenses$2,882,145
Net Income-$278,087

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$1.51$1.09$2.60$2.88$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.74$1.25$1.48$2.94$2.61$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.61$0.46$1.15$2.45$2.55$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$0.49$1.24$2.02$1.73$0.29
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.06$1.04$2.71$2.38$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.26$0.69$2.69$2.74$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.41$0.74$2.67$2.72$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.46$0.79$2.75$2.55$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.46$0.67$2.61$2.58$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.46$0.69$2.43$2.48$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.33$0.73$2.19$2.14$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.32$0.69$2.01$2.16$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.23$0.83$1.89
2011Summary only. Only limited summary data is available for this year.$1.16$0.35$0.81$1.88$1.66$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Apr 1, 2025
Return Version
2023v6.0
Gross Receipts
$2,607,234
Mission and Program Overview

Mission

To foster and develop in its membership the tenets of its credo: intellectual awareness, social responsibility, integrity, and brotherly love, in order to prepare its members for positions of leadership and service within their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$671,749$693,980▲ $22,231
Cash and Non-Interest-Bearing Accounts$366,761$270,035▼ $96,726
Prepaid Expenses and Deferred Charges$162,628$258,323▲ $95,695
Accounts Receivable$179,492$217,847▲ $38,355
Land, Buildings, and Equipment, Net$72,373$63,100▼ $9,273
Total Assets$2,736,822$2,597,533▼ $139,289
Other Assets Total$1,283,819$1,094,248▼ $189,571
Liabilities
Other Liabilities$1,054,368$1,298,900▲ $244,532
Accounts Payable and Accrued Expenses$143,442$126,782▼ $16,660
Deferred Revenue$55,070$86,301▲ $31,231
Total Liabilities$1,252,880$1,511,983▲ $259,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,483,942$1,085,550▼ $398,392
Total Net Assets Fund Balance$1,483,942$1,085,550▼ $398,392
Total Liabilities and Net Assets / Fund Balance$2,736,822$2,597,533▼ $139,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,869$217,692$238,561
Other Land Buildings$42,231$108,283$150,514
Other Assets Org$249,067--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth AndersonChief Executive DirectorFT$184,208$47,048$231,256
Revenue and Support

Revenue Composition

Contributions and Grants
$216,614
Program Service Revenue
$2,341,938
Investment Income
$17,192
Other Revenue
$28,314
All Other Contributions
$216,614
Change in Net Assets
$-278,087

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,604,058
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,176
Total Revenue per Audited Statements
$2,607,234
Total Revenue per Form 990
$2,604,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,825,608
Salaries, Compensation, and Employee Benefits$1,056,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$679,854
Insurance---$458,216
Conferences and Meetings---$408,291
Current Officers, Directors, Trustees, and Key Employees---$235,291
Travel---$215,934
All Other Expenses---$139,496
Occupancy---$104,234
Payroll Taxes---$84,366
Information Technology---$64,727
Office Expenses---$54,714
Fees for Services Other---$39,467
Other Employee Benefits---$28,936
Pension Plan Contributions---$28,090
Fees for Services Accounting---$20,625
Other Expenses---$17,955
Depreciation Depletion---$17,702
Advertising---$11,253
Fees for Services Legal---$7,807
Interest---$3,992
Total Functional Expenses$0$0$0$2,882,145

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,885,321
Expenses per Audited Statements$2,882,145
Total Expenses per Form 990$2,882,145
Expenses Not Reported on Form 990$3,176
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$835,069
Due to Affiliates$209,902
Eidl Loan$140,929
Accrued Risk Management$113,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Zeta beta tau fraternity is a member-based organization. Each chapter (regional collection of members) is entitled to a vote for the election of the fraternity's officers and other members of the supreme council. This is the only extent to which members participate in the organization's governance. Members have no rights to receive distributions of income or assets from the organization.

Form 990, Part VI, Section A, Line 7A

As discussed on schedule o for part vi section a line 6, each chapter of the zeta beta tau fraternity is entitled to one vote on the election of the fraternity's officers and other members of the supreme council.

Form 990, Part VI, Section B, Line 11B

The supreme council reviews a copy of form 900 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy that is signed and submitted annually by supreme council members. Any conflicts are addressed on a case-by-case basis and are promptly resolved.

Form 990, Part VI, Section B, Line 15A

The organization has a compensation committee which evaluates the compensation of the organization's officers. Compensation committee recommendations are then brought before the supreme court council for approval.

Form 990, Part VI, Section C, Line 18

The organization makes its annual form(s) 990 and 990-t (if applicable) and its form 1024 available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to public upon request.

Filing and Contact Details

Filer

Filer Name
Zeta Beta Tau Fraternity Inc
EIN
13-1496610
Phone
3173341898
Address
1320 CITY CENTER DR SUITE 225, CARMEL, IN 46032

Signing Officer

Name
Seth Levine
Title
Treasurer - Current
Phone
3173341898
Signed
2025-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seth Levine
Formed
1898
Legal Domicile
Ny
Voting Board Members
14
Independent Board Members
14
Employees
15
Volunteers
150

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240
Preparer
Casse Tate
Phone
3175802000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Explanation

The organization has a committee that is responsible for overseeing the audit process and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The fraternity is exempt from federal income taxes under section 501(c)(7) of the internal revenue code, though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the internal revenue code. There was no unrelated business income during the years ended may 31, 2024 and 2023. Net investment and royalty income are considered unrelated business income unless set aside to be used for charitable and educational purposes. The fraternity designated that all net investment and royalty income for the year ended may 31, 2024 and 2023, be set aside and available for the purposes disclosed in and available for scholarships, loans on chapter houses, leadership and citizenship schools and services, and other educational activities. Accordingly, no provision has been made for federal or state income taxes related to net investment and royalty income. The fraternity files u.s. Federal and indiana information tax returns. The fraternity is no longer subject to u.s. Federal and state income tax examinations by tax authorities for fiscal years before the year ended may 31, 2021. Management believes that the fraternity's income tax filing positions will be sustained on audit and does not anticipate any adjustments that will result in a material change.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 3,176.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 3,176.

Raw XML AppendixShowing 400 of 486 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF EXECUTIVE DIRECTOR
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IRS990/GrantsToOrganizationsInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt064727
IRS990/InitiationFeesAndCapContriAmt0544000
IRS990/InsuranceGrp/TotalAmt0458216
IRS990/InterestGrp/TotalAmt03992
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt017192
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO FOSTER AND DEVELOP IN ITS MEMBERSHIP THE TENETS OF ITS CREDO: INTELLECTUAL AWARENESS, SOCIAL RESPONSIBILITY, INTEGRITY, AND BROTHERLY LOVE, IN ORDER TO PREPARE ITS MEMBERS FOR POSITIONS OF LEADERSHIP AND SERVICE WITHIN THEIR COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03992
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01483942
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01085550
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt0104234
IRS990/OfficeExpensesGrp/TotalAmt054714
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01283819
IRS990/OtherAssetsTotalGrp/EOYAmt01094248
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028936
IRS990/OtherExpensesGrp/Desc0SPECIAL PROJECTS
IRS990/OtherExpensesGrp/Desc1INSURANCE CLAIMS
IRS990/OtherExpensesGrp/Desc2ALUMNI EVENTS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt1113000
IRS990/OtherExpensesGrp/TotalAmt220809
IRS990/OtherExpensesGrp/TotalAmt317955
IRS990/OtherLiabilitiesGrp/BOYAmt01054368
IRS990/OtherLiabilitiesGrp/EOYAmt01298900
IRS990/OtherSalariesAndWagesGrp/TotalAmt0679854
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt084366
IRS990/PensionPlanContributionsGrp/TotalAmt028090
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0162628
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0258323
IRS990/PrincipalOfficerNm0SETH LEVINE
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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0RISK MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES INCOME
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01066706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11008051
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2213747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01066706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11008051
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2213747
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FRATERNITY CONDUCTS A RISK MANAGEMENT PROGRAM FOR ITS MEMBER CHAPTERS TO ENABLE THEM TO MAXIMIZE THE USE OF THEIR PROPERTY DEDICATED TO THE EXEMPT PURPOSE.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FRATERNITY CONDUCTS LEADERSHIP AND EDUCATIONAL PROGRAMS FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL INTELLECTUAL, CHARACTER, AND LEADERSHIP SKILLS.
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYGrantsAndSimilarPaidAmt06500
IRS990/PYInvestmentIncomeAmt06905
IRS990/PYOtherExpensesAmt01642380
IRS990/PYOtherRevenueAmt044139
IRS990/PYProgramServiceRevenueAmt02422989
IRS990/PYRevenuesLessExpensesAmt0335938
IRS990/PYSalariesCompEmpBnftPaidAmt0959436
IRS990/PYTotalExpensesAmt02608316
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02944254
IRS990/ReconcilationRevenueExpnssAmt0-278087
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt024322
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt024322
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0671749
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0693980
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt020869
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0217692
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0238561
IRS990ScheduleD/ExpensesNotReportedAmt03176
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02882145
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt074632
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1770549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2249067
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM AFFILIATES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ERC RECEIVABLE
IRS990ScheduleD/OtherExpensesIncludedAmt03176
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt042231
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0108283
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0150514
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0140929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1835069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2209902
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3113000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EIDL LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED RISK MANAGEMENT
IRS990ScheduleD/OtherRevenueAmt03176
IRS990ScheduleD/RevenueNotReportedAmt03176
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02604058
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED MAY 31, 2024 AND 2023. NET INVESTMENT AND ROYALTY INCOME ARE CONSIDERED UNRELATED BUSINESS INCOME UNLESS SET ASIDE TO BE USED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FRATERNITY DESIGNATED THAT ALL NET INVESTMENT AND ROYALTY INCOME FOR THE YEAR ENDED MAY 31, 2024 AND 2023, BE SET ASIDE AND AVAILABLE FOR THE PURPOSES DISCLOSED IN AND AVAILABLE FOR SCHOLARSHIPS, LOANS ON CHAPTER HOUSES, LEADERSHIP AND CITIZENSHIP SCHOOLS AND SERVICES, AND OTHER EDUCATIONAL ACTIVITIES. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES RELATED TO NET INVESTMENT AND ROYALTY INCOME. THE FRATERNITY FILES U.S. FEDERAL AND INDIANA INFORMATION TAX RETURNS. THE FRATERNITY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE THE YEAR ENDED MAY 31, 2021. MANAGEMENT BELIEVES THAT THE FRATERNITY'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 3,176.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD 3,176.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01094248
IRS990ScheduleD/TotalExpensesPerForm990Amt02882145
IRS990ScheduleD/TotalLiabilityAmt01298900
IRS990ScheduleD/TotalRevenuePerForm990Amt02604058
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02607234
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02885321
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount018000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELIZABETH ANDERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0231256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH EVALUATES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION COMMITTEE RECOMMENDATIONS ARE THEN BROUGHT BEFORE THE SUPREME COURT COUNCIL FOR APPROVAL.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ZETA BETA TAU FRATERNITY IS A MEMBER-BASED ORGANIZATION. EACH CHAPTER (REGIONAL COLLECTION OF MEMBERS) IS ENTITLED TO A VOTE FOR THE ELECTION OF THE FRATERNITY'S OFFICERS AND OTHER MEMBERS OF THE SUPREME COUNCIL. THIS IS THE ONLY EXTENT TO WHICH MEMBERS PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. MEMBERS HAVE NO RIGHTS TO RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS DISCUSSED ON SCHEDULE O FOR PART VI SECTION A LINE 6, EACH CHAPTER OF THE ZETA BETA TAU FRATERNITY IS ENTITLED TO ONE VOTE ON THE ELECTION OF THE FRATERNITY'S OFFICERS AND OTHER MEMBERS OF THE SUPREME COUNCIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SUPREME COUNCIL REVIEWS A COPY OF FORM 900 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED AND SUBMITTED ANNUALLY BY SUPREME COUNCIL MEMBERS. ANY CONFLICTS ARE ADDRESSED ON A CASE-BY-CASE BASIS AND ARE PROMPTLY RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH EVALUATES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION COMMITTEE RECOMMENDATIONS ARE THEN BROUGHT BEFORE THE SUPREME COURT COUNCIL FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS ANNUAL FORM(S) 990 AND 990-T (IF APPLICABLE) AND ITS FORM 1024 AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT PROCESS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6

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