Civic Intelligence

Zeta Psi Educational Foundation

990 • Fiscal year 2018 • EIN 13-1832953

Jun 01, 2017 to May 31, 2018 • Filed on Mar 07, 2019

15 South Henry StreetPearl River, NY 10965

(845) 735-1847

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$7,558,496

Flat from 2018

Net Assets

Flat

$7,544,403

Flat from 2018

Liabilities

Flat

$14,093

Flat from 2018

Revenue And Expenses

Revenue

Flat

$684,729

Flat from 2018

Expenses

Flat

$778,876

Flat from 2018

Net Income

Flat

-$94,147

Flat from 2018

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 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

2018

Assets$7,558,496
Liabilities$14,093
Net Assets$7,544,403

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 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

2018

Revenue$684,729
Expenses$778,876
Net Income-$94,147
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Mar 7, 2019
Return Version
2017v2.2
Gross Receipts
$684,729
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.

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 other activities involved with soliciting contributions from individuals, foundations, corporations, and others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,156,194$6,522,488▲ $366,294
Pledges and Grants Receivable$1,234,956$366,802▼ $868,154
Land, Buildings, and Equipment, Net$124,488$113,387▼ $11,101
Savings and Temporary Cash Investments$63,716$30,719▼ $32,997
Cash and Non-Interest-Bearing Accounts$60,446$30,304▼ $30,142
Other Notes and Loans Receivable, Net$21,278$17,797▼ $3,481
Accounts Receivable-$2,766-
Prepaid Expenses and Deferred Charges$1,531$1,099▼ $432
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$7,993,746$7,558,496▼ $435,250
Other Assets Total$331,137$473,134▲ $141,997
Liabilities
Accounts Payable and Accrued Expenses$28,664$14,093▼ $14,571
Total Liabilities$28,664$14,093▼ $14,571
Net Assets / Fund Balance
Unrestricted Net Assets$5,173,285$4,572,363▼ $600,922
Temporarily Rstr Net Assets$1,840,427$2,004,038▲ $163,611
Permanently Rstr Net Assets$951,370$968,002▲ $16,632
Total Net Assets Fund Balance$7,965,082$7,544,403▼ $420,679
Total Liabilities and Net Assets / Fund Balance$7,993,746$7,558,496▼ $435,250

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$199,906$199,906
Land$94,075-$94,075
Leasehold Improvements$19,312$21,156$40,468
Other Assets Org$5,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
M Lauck WaltonExecutive DirectorFT$93,621$93,621

Board Members and Trustees

NameTitle
Corey NicholsonChairman
Leslie Mann IiiPresident
D Stuart BowersVice President
Bill RugglesTrustee
Edmund LucianoTrustee
Evan PressmanTrustee
James DonaldTrustee
John SpohnTrustee
Jon ErnestoTrustee
Will WoldenbergTrustee
Maurice DucoingSecretary
Ronald J CassTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$349,018
Program Service Revenue
$0
Investment Income
$317,421
Other Revenue
$18,290
All Other Contributions
$349,018
Change in Net Assets
$-94,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$684,729
Revenue Not Reported on Form 990
$193,020
Total Revenue per Audited Statements
$877,749
Total Revenue per Form 990
$684,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$419,911
Salaries, Compensation, and Employee Benefits$263,213
Grants and Similar Amounts Paid$95,752
Total Fundraising Expense$89,494
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$116,060$29,015-$145,075
Current Officers, Directors, Trustees, and Key Employees$74,897$18,724-$93,621
Travel$44,106$14,702-$58,808
Grants to Domestic Individuals$56,250--$56,250
All Other Expenses$17,312$29,258$6,924$53,494
Grants to Domestic Orgs$39,502--$39,502
Payroll Taxes$19,614$4,903-$24,517
Fees for Services Accounting-$22,800-$22,800
Other Expenses$13,228$14,724$4,892$14,724
Depreciation Depletion$1,342$9,759-$11,101
Insurance$2,242$4,552-$6,794
Fees for Services Legal-$3,515-$3,515
Total Functional Expenses$537,430$151,952$89,494$778,876

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$778,876
Total Expenses per Audited Statements$778,876
Total Expenses per Form 990$778,876
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$39,502
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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 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, Part VI, Line 11B: Form 990 Review Process

Return is reviewed by officers and controller prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The form 990 is available on the premisies and by mail.

Filing and Contact Details

Filer

Filer Name
Zeta Psi Educational Foundation
EIN
13-1832953
Phone
8457351847
Address
15 SOUTH HENRY STREET, PEARL RIVER, NY 10965

Signing Officer

Name
M Lauck Walton
Title
Executive Director
Signed
2019-03-07
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
15
Independent Board Members
15
Employees
3

Preparer

Firm
Berard & Associates CPAs PC
Address
44 Park Ave, Suffern, NY 10901
Preparer
Donalee R Berard
Phone
8453575668
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0133209
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt06522488
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IRS990/IRPDocumentCnt09
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IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Zeta 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 other activities involved with soliciting contributions from individuals, foundations, corporations, and others.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt07544403
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0184212
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt018000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt018000
IRS990/NetUnrlzdGainsLossesInvstAmt0193020
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt0331137
IRS990/OtherAssetsTotalGrp/EOYAmt0473134
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0LEADERSHIP TRAINING SEMIN
IRS990/OtherExpensesGrp/Desc1FUND RAISING EXPENSE
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3HEADQUARTERS-MAINTENANCE & IMP
IRS990/OtherExpensesGrp/FundraisingAmt077678
IRS990/OtherExpensesGrp/FundraisingAmt14892
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014724
IRS990/OtherExpensesGrp/ProgramServicesAmt0152877
IRS990/OtherExpensesGrp/ProgramServicesAmt113228
IRS990/OtherExpensesGrp/TotalAmt0152877
IRS990/OtherExpensesGrp/TotalAmt177678
IRS990/OtherExpensesGrp/TotalAmt218120
IRS990/OtherExpensesGrp/TotalAmt314724
IRS990/OtherRevenueMiscGrp/Desc0CLASS-ACTION SETTLEMENT
IRS990/OtherRevenueMiscGrp/Desc1GAIN(LOSS) CURRENCY EXCH.
IRS990/OtherRevenueMiscGrp/ExclusionAmt0349
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-59
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-59
IRS990/OtherRevenueTotalAmt0290
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0116060
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017797
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04903
IRS990/PayrollTaxesGrp/ProgramServicesAmt019614
IRS990/PayrollTaxesGrp/TotalAmt024517
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0951370
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0968002
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01234956
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0366802
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01531
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01099
IRS990/PriorPeriodAdjustmentsAmt0-500000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0LEADERSHIP & EDUCATIONAL PROGRAM CONDUCTED LEADERSHIP TRAINING SEMINARS & REGIONAL CONFERENCES ON CAMPUS. VISITS BY STAFF ORGANIZED EDUCATION SEMINARS AND ENCOURGAGED COMMUNITY SERVICE: WHICH OROGRAMS BENEFITED 700 STUDENTS DIRECTLY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056250
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0896024
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt083798
IRS990/PYInvestmentIncomeAmt0297639
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0420934
IRS990/PYOtherRevenueAmt018484
IRS990/PYRevenuesLessExpensesAmt0490008
IRS990/PYSalariesCompEmpBnftPaidAmt0217407
IRS990/PYTotalExpensesAmt0722139
IRS990/PYTotalRevenueAmt01212147
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-94147
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt018000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt063716
IRS990/SavingsAndTempCashInvstGrp/EOYAmt030719
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0349018
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0396024
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01666529
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0861046
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0630642
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03903259
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0317421
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0297639
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0278676
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0399234
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0638148
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01931118
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0317421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0297639
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0278676
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0399234
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0638148
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01931118
IRS990ScheduleA/InvestmentIncomeCYPct00.32610
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt018290
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt018484
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt018811
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt015600
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015600
IRS990ScheduleA/OtherIncome509Grp/TotalAmt086785
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.65920
IRS990ScheduleA/PublicSupportTotal509Amt03903259
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0349018
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0396024
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01666529

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
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