Civic Intelligence

Zeta Tau Alpha Fraternity Group Return

990 • Fiscal year 2020 • EIN 23-7161479

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 11, 2021

1036 S Rangeline RoadCarmel, IN 46032

(317) 872-0540

Siviq Scores

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

Liabilities / Assets

49th percentile

0.18x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.05x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Net Margin

33rd percentile

-0.1%

Higher net margin than 33% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$145,852

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2020 filings • $50M-$100M nonprofits • Source year 2020

Asset Growth

61st percentile

9.4%

Faster asset growth than 61% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

1.6%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$15,593,483

Up $1,341,668 (+9.4%) from 2019

Net Assets

Down

$12,843,667

Down $43,132 (-0.3%) from 2019

Liabilities

Up

$2,749,816

Up $1,384,800 (+101%) from 2019

Revenue

Up

$52,201,987

Up $802,470 (+1.6%) from 2019

Expenses

Up

$52,245,119

Up $1,725,299 (+3.4%) from 2019

Net Income

Down

-$43,132

Down $922,829 (-105%) from 2019

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

2020

Assets$15,593,483
Liabilities$2,749,816
Net Assets$12,843,667

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

2020

Revenue$52,201,987
Expenses$52,245,119
Net Income-$43,132
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 11, 2021
Return Version
2019v5.2
Gross Receipts
$54,411,014
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,691,048$12,935,166▲ $244,118
Prepaid Expenses and Deferred Charges$123,988$1,331,971▲ $1,207,983
Savings and Temporary Cash Investments$827,807$662,621▼ $165,186
Accounts Receivable$595,621$654,165▲ $58,544
Land, Buildings, and Equipment, Net$13,351$9,560▼ $3,791
Total Assets$14,251,815$15,593,483▲ $1,341,668
Liabilities
Accounts Payable and Accrued Expenses$123,988$1,331,904▲ $1,207,916
Deferred Revenue$595,621$654,165▲ $58,544
Other Liabilities$633,684$591,104▼ $42,580
Unsecured Notes Loans Payable$11,723$172,643▲ $160,920
Total Liabilities$1,365,016$2,749,816▲ $1,384,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,886,799$12,843,667▼ $43,132
Total Net Assets Fund Balance$12,886,799$12,843,667▼ $43,132
Total Liabilities and Net Assets / Fund Balance$14,251,815$15,593,483▲ $1,341,668

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,560$662,322$671,882
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Meghan ParkerExecutive DirectorPT$145,852$145,852

Board Members and Trustees

NameTitle
Alicia WilliamsNational President
Raechel BiggsExtension Director
Shannon FergusonNational Secretary/treasur
Kathleen ZamulinskyNpc Delegate
Cheri ArmstrongVP - Alumnae
Kery WebbVP - Alumnae
Jessica MeyersVP - Collegiate
Kimberly IvesterVP - Collegiate
Laura RedmanVP - Collegiate
Revenue and Support

Revenue Composition

Contributions and Grants
$202,488
Program Service Revenue
$51,703,421
Investment Income
$4,805
Other Revenue
$291,273
All Other Contributions
$202,488
Change in Net Assets
$-43,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,377,695
Salaries, Compensation, and Employee Benefits$3,513,448
Grants and Similar Amounts Paid$353,976
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$16,794,723
Payments to Affiliates---$7,248,108
All Other Expenses---$4,300,344
Other Salaries and Wages---$2,979,296
Other Expenses---$2,395,142
Conferences and Meetings---$396,465
Grants to Domestic Orgs---$353,976
Payroll Taxes---$325,881
Other Employee Benefits---$208,271
Fees for Services Accounting---$190,311
Office Expenses---$84,298
Insurance---$18,713
Travel---$2,995
Advertising---$2,227
Information Technology---$1,040
Total Functional Expenses$0$0$0$52,245,119
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Zeta Tau Alpha Foundation IncCarmel, IN501(c)(3)Philanthropic Grants$353,976
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$786,659
Fundraising Direct Expenses$572,572
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chapter Fundraising$786,659$786,659$572,572$214,087
Total Events$786,659$786,659$572,572$214,087
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$591,104
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 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 B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15A

The board of directors and officers of zeta tau alpha fraternity 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. The executive director is compensated by a related organization. That organization's board of directors determines and sets executive director's compensation rates after a thourough review of all related issues, consultation with independent persons, review of comparable data and deliberation.

Form 990, Part VI, Section C, Line 19

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
1036 S RANGELINE ROAD, CARMEL, IN 46032

Signing Officer

Name
Meghan Parker
Title
Executive Director
Phone
3178720540
Signed
2021-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meghan Parker
Formed
1898
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
373
Volunteers
2,215

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Angela N Crawford CPA
Phone
3178488920
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4340390
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IRS990/ReconcilationRevenueExpnssAmt0-43132
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IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0662621
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0662322
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
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IRS990ScheduleI/RecipientTable/CashGrantAmt0353976
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PHILANTHROPIC GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ZETA TAU ALPHA FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0310987111
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01036 S RANGELINE ROAD
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRETOR IS COMPENSATED THROUGH A ZETA TAU ALPHA FRATERNITY. THE FRATERNITY UTILIZES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OF DIRECTORS IN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
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 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. THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION. THAT ORGANIZATION'S BOARD OF DIRECTORS DETERMINES AND SETS EXECUTIVE DIRECTOR'S COMPENSATION RATES AFTER A THOUROUGH REVIEW OF ALL RELATED ISSUES, CONSULTATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATA AND DELIBERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ZETA 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ESTABLISH AND MAINTAIN FRATERNITY CHAPTERS
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IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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