Civic Intelligence

Zeta Psi Educational Foundation

990 • Fiscal year 2019 • EIN 13-1832953

Jun 01, 2018 to May 31, 2019 • Filed on Mar 11, 2020

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

16th percentile

0.02x

Higher debt load relative to assets than 16% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.12x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

56th percentile

4.1%

Higher net margin than 56% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

31st percentile

$75,644

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

39%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$7,326,313

Down $232,183 (-3.1%) from 2018

Net Assets

Down

$7,208,385

Down $336,018 (-4.5%) from 2018

Liabilities

Up

$117,928

Up $103,835 (+737%) from 2018

Revenue

Up

$954,865

Up $270,136 (+39%) from 2018

Expenses

Up

$915,776

Up $136,900 (+18%) from 2018

Net Income

Up

$39,089

Up $133,236 (+142%) 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 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

2019

Assets$7,326,313
Liabilities$117,928
Net Assets$7,208,385

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

2019

Revenue$954,865
Expenses$915,776
Net Income$39,089
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Mar 11, 2020
Return Version
2018v3.1
Gross Receipts
$954,865
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$6,522,488$6,300,630▼ $221,858
Pledges and Grants Receivable$366,802$171,480▼ $195,322
Land, Buildings, and Equipment, Net$113,387$107,558▼ $5,829
Savings and Temporary Cash Investments$30,719$28,741▼ $1,978
Cash and Non-Interest-Bearing Accounts$30,304$22,184▼ $8,120
Intangible Assets-$18,150-
Other Notes and Loans Receivable, Net$17,797$10,591▼ $7,206
Prepaid Expenses and Deferred Charges$1,099$3,000▲ $1,901
Accounts Receivable$2,766$1,943▼ $823
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$7,558,496$7,326,313▼ $232,183
Other Assets Total$473,134$662,036▲ $188,902
Liabilities
Accounts Payable and Accrued Expenses$14,093$117,927▲ $103,834
Other Liabilities-$1-
Total Liabilities$14,093$117,928▲ $103,835
Net Assets / Fund Balance
Unrestricted Net Assets$4,572,363$4,113,596▼ $458,767
Temporarily Rstr Net Assets$2,004,038$3,094,789▲ $1,090,751
Permanently Rstr Net Assets$968,002--
Total Net Assets Fund Balance$7,544,403$7,208,385▼ $336,018
Total Liabilities and Net Assets / Fund Balance$7,558,496$7,326,313▼ $232,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$199,906$199,906
Land$94,075-$94,075
Other Land Buildings$3,651$19,140$22,791
Leasehold Improvements$9,832$7,845$17,677
Other Assets Org$5,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
M Lauck WaltonExecutive DirectorFT$75,644$75,644

Board Members and Trustees

NameTitle
Les MannPast President
David BusaccaPresident
Tom RoerdenVice President
Akil J MiddletonTrustee
Andrew BrainTrustee
Clay AlbersTrustee
Dylan ThomasTrustee
Jared SunshineTrustee
John SpohnTrustee
Les HilgerTrustee
Phil GassTrustee
Robert EdgmonTrustee
Stan GorskiTrustee
WillwoldenbergSecretary
Maurice DucoingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$488,242
Program Service Revenue
$0
Investment Income
$446,741
Other Revenue
$19,882
All Other Contributions
$488,242
Change in Net Assets
$39,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$934,909
Revenue Not Reported on Financial Statements
$19,956
Revenue Not Reported on Form 990
$-375,107
Total Revenue per Audited Statements
$559,802
Total Revenue per Form 990
$954,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$561,323
Salaries, Compensation, and Employee Benefits$249,307
Total Fundraising Expense$166,311
Grants and Similar Amounts Paid$105,146
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$117,218$29,305-$146,523
All Other Expenses$39,104$64,280$9,137$112,521
Current Officers, Directors, Trustees, and Key Employees$60,516$15,128-$75,644
Grants to Domestic Orgs$57,000--$57,000
Travel$41,809$13,936-$55,745
Grants to Domestic Individuals$48,146--$48,146
Other Expenses$146,624$35,619$42,870$35,619
Payroll Taxes$21,712$5,428-$27,140
Fees for Services Accounting-$25,754-$25,754
Fees for Services Legal-$11,071-$11,071
Depreciation Depletion$2,840$7,526-$10,366
Insurance$2,128$4,321-$6,449
Total Functional Expenses$537,097$212,368$166,311$915,776

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$915,776
Expenses per Audited Statements$895,820
Total Expenses per Audited Statements$895,820
Expenses Not Reported on Financial Statements$19,956
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
zeta fraterntypearl river, NY--$57,000
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
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
2020-03-11
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
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

ALUMNI DEVELOPMENT: Column (A) - Total = $492; Column (B) - Program Services = $492; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

BANK CHARGE & CC FEES: Column (A) - Total = $4800; Column (B) - Program Services = $0; Column (C) - Management & General = $4800; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DUES & SUBSCRIPTIONS: Column (A) - Total = $4669; Column (B) - Program Services = $1541; Column (C) - Management & General = $3128; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FUND RAISING EXPENSE: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

HEADQUARTERS-MAINTENANCE & IMP: Column (A) - Total = $11026; Column (B) - Program Services = $0; Column (C) - Management & General = $11026; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

HEADQUARTERS-UTILITIES: Column (A) - Total = $9637; Column (B) - Program Services = $0; Column (C) - Management & General = $9637; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

HERITAGE SOCIETY EXPENSE: Column (A) - Total = $1543; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $1543

Form 990, Part IX, Line 24E: Other Expenses

INVESTMENT FEES: Column (A) - Total = $19956; Column (B) - Program Services = $0; Column (C) - Management & General = $19956; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OFFICE SUPPLIES & EQUIP. MAINT: Column (A) - Total = $712; Column (B) - Program Services = $356; Column (C) - Management & General = $356; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OUTSIDE OFFICE SERVICES: Column (A) - Total = $7841; Column (B) - Program Services = $3920; Column (C) - Management & General = $3921; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $813; Column (B) - Program Services = $268; Column (C) - Management & General = $545; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $28125; Column (B) - Program Services = $20531; Column (C) - Management & General = $0; Column (D) - Fundraising = $7594

Form 990, Part IX, Line 24E: Other Expenses

TECHNOLGY EXP: Column (A) - Total = $15818; Column (B) - Program Services = $7909; Column (C) - Management & General = $7909; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELEPHONE: Column (A) - Total = $2169; Column (B) - Program Services = $1627; Column (C) - Management & General = $542; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TRUSTEES EXPENSE: Column (A) - Total = $4920; Column (B) - Program Services = $2460; Column (C) - Management & General = $2460; Column (D) - Fundraising = $0

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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.
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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.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0396024
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01666529
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0861046
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0317421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0297639

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