Zeta Psi Educational Foundation
- Assets
- $8.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pearl River, NY
- Founding
- 03/1949
- Data as of
- 05/2022
- EIN
- 13-1832953
Organization Overview
Zeta Psi Educational Foundation is located in Pearl River, NY. The organization was established in 1949. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zeta Psi Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Zeta Psi Educational Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM- APPLICATIONS RECEIVED WERE REVIEWED & 121 STUDENTS RECEIVED SCHOLARSHIPS. AWARDS WERE PROCESSED RANGING IN SIZE FROM $250 TO $5,000 IN ACCORDANCE WITH THE INTERNAL REVENUE CODE.
LEADERSHIP & EDUCATIONAL PROGRAM CONDUCTED LEADERSHIP TRAINING SEMINARS & REGIONAL CONFERENCES ON CAMPUS AND ONLNE. VISITS BY STAFF ORGANIZED EDUCATION SEMINARS AND ENCOURAGED COMMUNITY SERVICE, WHICH BENEFITTED 700 STUDENTS DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Spohn Vice President | OfficerTrustee | 3 | $0 |
Aaron Ronksley Secretary | OfficerTrustee | 3 | $0 |
Maurice Ducoing President | OfficerTrustee | 3 | $0 |
M Lauck Walton Executive Director | Officer | 20 | $0 |
Samuel Thompson Trustee | Trustee | 1 | $0 |
Thomas Leavens Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,576,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,576,813 |
| Total Program Service Revenue | $0 |
| Investment income | $195,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | $469,420 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,264,259 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $53,381 |
| Grants and other assistance to domestic individuals. | $162,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,992 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,079 |
| Fees for services: Accounting | $33,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,921 |
| Advertising and promotion | $0 |
| Office expenses | $375 |
| Information technology | $19,002 |
| Royalties | $0 |
| Occupancy | $12,130 |
| Travel | $34,823 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,333 |
| Insurance | $11,469 |
| All other expenses | $29,257 |
| Total functional expenses | $1,146,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,455 |
| Savings and temporary cash investments | $34,820 |
| Pledges and grants receivable | $531,158 |
| Accounts receivable, net | $212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $122,810 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $249,903 |
| Net Land, buildings, and equipment | $98,624 |
| Investments—publicly traded securities | $6,451,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,428 |
| Other assets | $738,675 |
| Total assets | $8,285,772 |
| Accounts payable and accrued expenses | $165,221 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,221 |
| Net assets without donor restrictions | $4,057,505 |
| Net assets with donor restrictions | $4,063,046 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,285,772 |
Grants Awarded
Over the last fiscal year, Zeta Psi Educational Foundation has awarded $53,381 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pearl River, NY PURPOSE: EDUCATIONAL GRANTS | $30,000 |
ZPAE HOUSING CORP LTD PURPOSE: EDUCATIONAL GRANTS | $13,381 |
Sanford, NC PURPOSE: EDUCATIONAL GRANTS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Zeta Psi Educational Foundation has recieved totaling $130,327.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $26,000 |
F M Kirby Foundation Inc Morristown, NJ PURPOSE: FOR: THE KIRBY PRESIDENTS LEADERSHIP CONFERENCE HELD VIRTUALLY IN JANUARY 2021 | $22,500 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $11,227 |
Hobbs Charitable Foundation Marco Island, FL PURPOSE: FORGE ACADEMIC EXCELLENCE | $10,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Learning Lamp Inc Johnstown, PA | $5,123,554 | $8,804,669 |
West Chester University Student Services Inc West Chester, PA | $13,094,103 | $8,544,648 |
Student Association Inc California, PA | $24,020,549 | $6,805,716 |
Student Cooperative Association Inc Indiana, PA | $29,525,625 | $9,645,452 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |