Civic Intelligence

Zeta Psi Educational Foundation

990 • Fiscal year 2014 • EIN 13-1832953

Jun 01, 2013 to May 31, 2014 • Filed on Sep 29, 2014

15 South Henry StreetPearl River, NY 10965

(845) 735-1847

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.04x

Higher debt load relative to revenue than 21% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Net Margin

88th percentile

34%

Higher net margin than 88% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Asset Growth

53rd percentile

5.6%

Faster asset growth than 53% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-20%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$6,168,538

Up $326,526 (+5.6%) from 2013

Net Assets

Up

$6,120,114

Up $436,575 (+7.7%) from 2013

Liabilities

Down

$48,424

Down $110,049 (-69%) from 2013

Revenue

Down

$1,284,390

Down $317,672 (-20%) from 2013

Expenses

Up

$847,815

Up $31,658 (+3.9%) from 2013

Net Income

Down

$436,575

Down $349,330 (-44%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $5,371,969Liabilities 2011: $38,412Net Assets 2011: $5,333,5572011Assets 2012: $4,973,190Liabilities 2012: $75,556Net Assets 2012: $4,897,6342012Assets 2013: $5,842,012Liabilities 2013: $158,473Net Assets 2013: $5,683,5392013Assets 2014: $6,168,538Liabilities 2014: $48,424Net Assets 2014: $6,120,1142014Assets 2015: $6,505,771Liabilities 2015: $15,193Net Assets 2015: $6,490,5782015Assets 2016: $7,236,513Liabilities 2016: $43,220Net Assets 2016: $7,193,2932016Assets 2017: $7,993,746Liabilities 2017: $28,664Net Assets 2017: $7,965,0822017Assets 2018: $7,558,496Liabilities 2018: $14,093Net Assets 2018: $7,544,4032018Assets 2019: $7,326,313Liabilities 2019: $117,928Net Assets 2019: $7,208,3852019Assets 2020: $6,759,272Liabilities 2020: $61,114Net Assets 2020: $6,698,1582020Assets 2021: $8,206,510Liabilities 2021: $47,871Net Assets 2021: $8,158,6392021Assets 2022: $8,285,772Liabilities 2022: $165,221Net Assets 2022: $8,120,5512022Assets 2023: $7,692,351Liabilities 2023: $88,042Net Assets 2023: $7,604,3092023Assets 2024: $8,853,287Liabilities 2024: $82,150Net Assets 2024: $8,771,1372024

Highlighted filing

2014

Assets$6,168,538
Liabilities$48,424
Net Assets$6,120,114

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $658,8242011Revenue 2012: $250,529Expenses 2012: $686,452Net Income 2012: -$435,9232012Revenue 2013: $1,602,062Expenses 2013: $816,157Net Income 2013: $785,9052013Revenue 2014: $1,284,390Expenses 2014: $847,815Net Income 2014: $436,5752014Revenue 2015: $1,275,880Expenses 2015: $905,416Net Income 2015: $370,4642015Revenue 2016: $1,979,516Expenses 2016: $854,783Net Income 2016: $1,124,7332016Revenue 2017: $1,212,147Expenses 2017: $722,139Net Income 2017: $490,0082017Revenue 2018: $684,729Expenses 2018: $778,876Net Income 2018: -$94,1472018Revenue 2019: $954,865Expenses 2019: $915,776Net Income 2019: $39,0892019Revenue 2020: $710,889Expenses 2020: $1,077,902Net Income 2020: -$367,0132020Revenue 2021: $871,280Expenses 2021: $732,641Net Income 2021: $138,6392021Revenue 2022: $2,264,259Expenses 2022: $1,146,583Net Income 2022: $1,117,6762022Revenue 2023: $1,500,487Expenses 2023: $1,357,647Net Income 2023: $142,8402023Revenue 2024: $1,900,791Expenses 2024: $1,349,511Net Income 2024: $551,2802024

Highlighted filing

2014

Revenue$1,284,390
Expenses$847,815
Net Income$436,575
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Sep 29, 2014
Return Version
2013v3.1
Gross Receipts
$2,209,508
Mission and Program Overview

Mission

Zeta psi educational foundation is a not for profit corporation organized in 1944. The foundation is governed by a volunteer board of trustees whose mission is educational and charitable. The foundation is exempt from tax liability under section 501(c)(3) of the internal revenue code. Fundraising activities include publicizing and conducting fundraising campaigns; maintaining donor lists; conducting special fundraising events; and others activities involved with soliciting contributions from individuals, foundations, corporations and others.

Educational and charitable purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,027,937$5,659,602▲ $631,665
Land, Buildings, and Equipment, Net$167,935$155,077▼ $12,858
Cash and Non-Interest-Bearing Accounts$9,532$38,886▲ $29,354
Other Notes and Loans Receivable, Net$33,507$35,573▲ $2,066
Savings and Temporary Cash Investments$362,797$17,675▼ $345,122
Prepaid Expenses and Deferred Charges$7,508$6,358▼ $1,150
Total Assets$5,842,012$6,168,538▲ $326,526
Other Assets Total$232,796$255,367▲ $22,571
Liabilities
Other Liabilities$156,865$48,194▼ $108,671
Accounts Payable and Accrued Expenses$1,608$230▼ $1,378
Total Liabilities$158,473$48,424▼ $110,049
Net Assets / Fund Balance
Unrestricted Net Assets$3,426,930$3,606,666▲ $179,736
Temporarily Rstr Net Assets$1,388,554$1,580,917▲ $192,363
Permanently Rstr Net Assets$868,055$932,531▲ $64,476
Total Net Assets Fund Balance$5,683,539$6,120,114▲ $436,575
Total Liabilities and Net Assets / Fund Balance$5,842,012$6,168,538▲ $326,526
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew NunezPresident
Barth GillanV. President
M David HunterExec Director
Stuart BowersSecretary
Leslie Mann IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$630,642
Program Service Revenue
$0
Investment Income
$638,148
Other Revenue
$15,600
All Other Contributions
$630,642
Change in Net Assets
$436,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,284,390
Total Revenue per Audited Statements
$1,284,390
Total Revenue per Form 990
$1,284,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$366,450
Salaries, Compensation, and Employee Benefits$215,096
Grants and Similar Amounts Paid$179,551
Total Fundraising Expense$89,459
Professional Fundraising Fees$86,718

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$94,173$94,173-$188,346
Grants to Domestic Orgs$105,051--$105,051
Fees for Services Professional Fundraising--$86,718$86,718
Grants to Domestic Individuals$74,500--$74,500
Travel$11,961$17,941-$29,902
Payroll Taxes$13,375$13,375-$26,750
All Other Expenses$10,323$10,464$2,741$23,528
Depreciation Depletion$128$18,618-$18,746
Information Technology$5,481$11,127-$16,608
Fees for Service Investment Mgmnt Fees-$15,023-$15,023
Other Expenses$60,887$12,139-$12,139
Office Expenses$3,397$6,897-$10,294
Fees for Services Accounting-$9,900-$9,900
Insurance$2,870$5,826-$8,696
Interest-$3,481-$3,481
Total Functional Expenses$522,929$235,427$89,459$847,815

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$847,815
Total Expenses per Audited Statements$847,815
Total Expenses per Form 990$847,815
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
22-3917652-3-$50,000
22-2534431-7-$23,984
22-1439332---$15,470
13-1496630-7-$14,807
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$86,718
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Org$48,194
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
13-1832953
Phone
8457351847

Signing Officer

Name
M David Hunter
Title
Executive Director
Phone
8457351847
Signed
2014-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M David Hunter
Voting Board Members
13
Independent Board Members
0
Employees
3

Preparer

Preparer
Richard J Siegler CPA
Phone
8455199220
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Library, computer & educational grants - made grants to the tax exempt organizations or members for exclusively educational purposes within guidelines approved by the internal revenue service

Raw XML AppendixShowing 400 of 411 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0307323
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990/TravelGrp/ProgramServicesAmt011961
IRS990/TravelGrp/TotalAmt029902
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt03426930
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IRS990/UponRequestInd0X
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IRS990/USAddress/City0PEARL RIVER
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010965
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0M DAVID HUNTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08457351847
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine10ZETA PSI EDUCATIONAL FOUNDATION
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ReturnHeader/Filer/PhoneNum08457351847
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ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode010965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RICHARD J SIEGLER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103645 FOXCHASE DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CLERMONT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.85$0.08$8.77$1.90$1.35$0.55
2023Detailed filing. Detailed filing data is available for this year.$7.69$0.09$7.60$1.50$1.36$0.14
2022Detailed filing. Detailed filing data is available for this year.$8.29$0.17$8.12$2.26$1.15$1.12
2021Detailed filing. Detailed filing data is available for this year.$8.21$0.05$8.16$0.87$0.73$0.14
2020Detailed filing. Detailed filing data is available for this year.$6.76$0.06$6.70$0.71$1.08$0.37
2019Detailed filing. Detailed filing data is available for this year.$7.33$0.12$7.21$0.95$0.92$0.04
2018Detailed filing. Detailed filing data is available for this year.$7.56$0.01$7.54$0.68$0.78$0.09
2017Detailed filing. Detailed filing data is available for this year.$7.99$0.03$7.97$1.21$0.72$0.49
2016Detailed filing. Detailed filing data is available for this year.$7.24$0.04$7.19$1.98$0.85$1.12
2015Detailed filing. Detailed filing data is available for this year.$6.51$0.02$6.49$1.28$0.91$0.37
2014Detailed filing. Detailed filing data is available for this year.$6.17$0.05$6.12$1.28$0.85$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.84$0.16$5.68$1.60$0.82$0.79
2012Summary only. Only limited summary data is available for this year.$4.97$0.08$4.90$0.25$0.69$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.04$5.33$0.66