Civic Intelligence

Zeta Tau Alpha Fraternity Group Return

990 • Fiscal year 2015 • EIN 23-7161479

Aug 01, 2014 to Jul 31, 2015 • Filed on Jun 08, 2016

3450 Founders RoadIndianapolis, IN 46268

(317) 872-0540

Siviq Scores

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

Liabilities / Assets

38th percentile

0.12x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

17th percentile

0.02x

Higher debt load relative to revenue than 17% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Net Margin

47th percentile

3.6%

Higher net margin than 47% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

13th percentile

$57,296

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2015 filings • $50M-$100M nonprofits • Source year 2015

Asset Growth

92nd percentile

25%

Faster asset growth than 92% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

9.1%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$9,521,712

Up $1,905,414 (+25%) from 2014

Net Assets

Up

$8,334,087

Up $1,817,520 (+28%) from 2014

Liabilities

Up

$1,187,625

Up $87,894 (+8.0%) from 2014

Revenue

Up

$50,806,435

Up $4,251,319 (+9.1%) from 2014

Expenses

Up

$48,988,915

Up $3,139,873 (+6.8%) from 2014

Net Income

Up

$1,817,520

Up $1,111,446 (+157%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2014: $7,616,298Liabilities 2014: $1,099,731Net Assets 2014: $6,516,5672014Assets 2015: $9,521,712Liabilities 2015: $1,187,625Net Assets 2015: $8,334,0872015Assets 2016: $10,940,572Liabilities 2016: $1,085,474Net Assets 2016: $9,855,0982016Assets 2019: $14,251,815Liabilities 2019: $1,365,016Net Assets 2019: $12,886,7992019Assets 2020: $15,593,483Liabilities 2020: $2,749,816Net Assets 2020: $12,843,6672020Assets 2021: $13,572,932Liabilities 2021: $2,311,502Net Assets 2021: $11,261,4302021Assets 2024: $13,874,676Liabilities 2024: $2,096,059Net Assets 2024: $11,778,6172024

Highlighted filing

2015

Assets$9,521,712
Liabilities$1,187,625
Net Assets$8,334,087

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2014: $46,555,116Expenses 2014: $45,849,042Net Income 2014: $706,0742014Revenue 2015: $50,806,435Expenses 2015: $48,988,915Net Income 2015: $1,817,5202015Revenue 2016: $52,734,935Expenses 2016: $51,213,924Net Income 2016: $1,521,0112016Revenue 2019: $51,399,517Expenses 2019: $50,519,820Net Income 2019: $879,6972019Revenue 2020: $52,201,987Expenses 2020: $52,245,119Net Income 2020: -$43,1322020Revenue 2021: $39,083,661Expenses 2021: $40,665,898Net Income 2021: -$1,582,2372021Revenue 2024: $56,734,844Expenses 2024: $57,917,807Net Income 2024: -$1,182,9632024

Highlighted filing

2015

Revenue$50,806,435
Expenses$48,988,915
Net Income$1,817,520
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Jun 8, 2016
Return Version
2014v6.0
Gross Receipts
$50,806,435
Mission and Program Overview

Mission

Zeta tau alpha fraternity was organized to establish and maintain fraternity chapters internationally. The fraternity maintains both collegiate and alumni chapters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,388,918$8,048,422▲ $1,659,504
Savings and Temporary Cash Investments$605,851$734,564▲ $128,713
Accounts Receivable$563,382$688,293▲ $124,911
Land, Buildings, and Equipment, Net$33,114$29,047▼ $4,067
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,616,298$9,521,712▲ $1,905,414
Other Assets Total$25,033$21,386▼ $3,647
Liabilities
Deferred Revenue$562,320$688,293▲ $125,973
Other Liabilities$512,378$477,746▼ $34,632
Accounts Payable and Accrued Expenses$25,033$21,586▼ $3,447
Total Liabilities$1,099,731$1,187,625▲ $87,894
Net Assets / Fund Balance
Unrestricted Net Assets$6,516,567$8,334,087▲ $1,817,520
Total Net Assets Fund Balance$6,516,567$8,334,087▲ $1,817,520
Total Liabilities and Net Assets / Fund Balance$7,616,298$9,521,712▲ $1,905,414

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,047$629,059$658,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kelley HarmonExecutive DirectorPT$57,296$57,296

Board Members and Trustees

NameTitle
Carolyn Hof CarpenterNat'l President
Marlene Dunbar ConradExtension Direc
Dinah Jackson LaugheryNat'l Sect/Trea
Laura Ladewing MauroNPC Delegate
Alicia Patten WilliamsVP-Alumnae
Dana Brasington AtkinsonVP-Alumnae
Kristen Moeller FaureVP-Collegiate
Lynn Compton ChapmanVP-Collegiate
Natalie YinglingVP-Collegiate
Revenue and Support

Revenue Composition

Contributions and Grants
$2,369,803
Program Service Revenue
$48,433,114
Investment Income
$3,518
Other Revenue
$0
All Other Contributions
$2,369,803
Change in Net Assets
$1,817,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$44,870,042
Salaries, Compensation, and Employee Benefits$4,118,873
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$12,857,166
All Other Expenses---$11,042,462
Other Expenses---$3,962,465
Other Salaries and Wages---$3,614,536
Payroll Taxes---$446,656
Office Expenses---$108,883
Other Employee Benefits---$57,681
Travel---$18,465
Total Functional Expenses$0$0$0$48,988,915
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
Room Deposits$453,387
Payroll taxes$15,968
Loan$6,260
Garnishments$2,131
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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

Zeta Tau Alpha Fraternity Group's Form 990 and all related schedules, statements and attachments are reviewed and approved by the appropriate representative(s) from the Board of Director's Executive Committee prior to finalizing and filing these tax returns with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Zeta Tau Alpha Fraternity Group periodically distributes conflict of interest questionnaires to each officer and member of the Board of Directors. The questionnaires include statements regarding other employment, being related to anyone on the board and other items that may create an appearence of a potential independence issue. The identification, evaluation and resolution of those issues are discussed with the appropriate level of management or members of the Board of Directors.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board of Directors and Officers of Zeta Tau Alpha Fraternity Group (Group) are not compensated and serve on a voluntary basis. Staffing at the local affiliated chapters and related compensation rates are set at the local affiliated chapter with general consultations and oversight from the National Directors and Officers.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Board of Directors and Officers of Zeta Tau Alpha Fraternity Group (Group) are not compensated and serve on a voluntary basis. Staffing at the local affiliated chapters and related compensation rates are set at the local affiliated chapter with general consultations and oversight from the National Directors and Officers.

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

Zeta Tau Alpha Fraternity Group makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our President and received at our corporate office address as well as on another's web site.

Filing and Contact Details

Filer

Filer Name
Zeta Tau Alpha Fraternity Group Return
EIN
23-7161479
Phone
3178720540
Address
3450 Founders Road, Indianapolis, IN 46268

Signing Officer

Name
Dinah Jackson Laughery
Title
Nat'l Sect/Trea
Signed
2016-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Hof Carpenter
Voting Board Members
9
Independent Board Members
9
Employees
72
Volunteers
1,360

Preparer

Firm
Barnes Dennig & Co Ltd
Address
5750 Castle Creek Parkway Suite 245, Indianapolis, IN 46250
Preparer
Rickey Roysdon CPA
Phone
3175721130
Supplemental Narrative

Additional Explanations

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

: 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

Alumni expense: Column (A) - Total = $1276526; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Bank fees: Column (A) - Total = $1349663; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Equipment rental & maintenance: Column (A) - Total = $143141; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Laundry/cleaning: Column (A) - Total = $38039; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Member house reserve fund: Column (A) - Total = $1377757; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Miscellaneous: Column (A) - Total = $11977; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Panhellenic dues: Column (A) - Total = $468624; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Recruitment expenses: Column (A) - Total = $3311591; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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

Vendor expenses: Column (A) - Total = $3065144; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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IRS990/MissionDesc0Zeta Tau Alpha Fraternity was organized to establish and maintain fraternity chapters internationally. The fraternity maintains both collegiate and alumni chapters.
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IRS990/PayrollTaxesGrp/TotalAmt0446656
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IRS990/PrincipalOfficerNm0Carolyn Hof Carpenter
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021708221
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126724893
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126724893
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Zeta Tau Alpha Fraternity Group's Form 990 and all related schedules, statements and attachments are reviewed and approved by the appropriate representative(s) from the Board of Director's Executive Committee prior to finalizing and filing these tax returns with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Zeta Tau Alpha Fraternity Group periodically distributes conflict of interest questionnaires to each officer and member of the Board of Directors. The questionnaires include statements regarding other employment, being related to anyone on the board and other items that may create an appearence of a potential independence issue. The identification, evaluation and resolution of those issues are discussed with the appropriate level of management or members of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors and Officers of Zeta Tau Alpha Fraternity Group (Group) are not compensated and serve on a voluntary basis. Staffing at the local affiliated chapters and related compensation rates are set at the local affiliated chapter with general consultations and oversight from the National Directors and Officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors and Officers of Zeta Tau Alpha Fraternity Group (Group) are not compensated and serve on a voluntary basis. Staffing at the local affiliated chapters and related compensation rates are set at the local affiliated chapter with general consultations and oversight from the National Directors and Officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Zeta Tau Alpha Fraternity Group makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our President and received at our corporate office address as well as on another's web site.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5: Column (A) - Total = $0; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Alumni expense: Column (A) - Total = $1276526; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Bank fees: Column (A) - Total = $1349663; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Equipment rental & maintenance: Column (A) - Total = $143141; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Laundry/cleaning: Column (A) - Total = $38039; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Member house reserve fund: Column (A) - Total = $1377757; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Miscellaneous: Column (A) - Total = $11977; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Panhellenic dues: Column (A) - Total = $468624; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Recruitment expenses: Column (A) - Total = $3311591; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Vendor expenses: Column (A) - Total = $3065144; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e: Other Expenses
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Zeta Tau Alpha Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Zeta Tau Alpha Fraternity Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Zeta Tau Alpha Fraternity Housing Corp
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0310987111
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1361996950
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2310912722
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fundraising for educational and charitable projects
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1To establish and maintain fraternity chapters
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Hold title and maintain properties for Fraternity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03450 Founders Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13450 Founders Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt23450 Founders Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Indianapolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Indianapolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2Indianapolis
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