Fraternity Of Alpha Zeta
- Assets
- $583.2k
- Revenue
- $193.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 03/1993
- Data as of
- 06/2023
- EIN
- 15-0229845
Organization Overview
Fraternity Of Alpha Zeta is located in Ithaca, NY. The organization was established in 1993. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Fraternity Of Alpha Zeta is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Fraternity Of Alpha Zeta generated $193.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $199.2k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIVING SPACE AND FELLOWSHIP TO MEMBERS OF THE CORNELL UNIVERSITY COMMUNITY INTERESTED IN THE ADVANCEMENT OF AGRICULTURE. THE ORGANIZATION OPERATES A CO-ED FRATERNITY FOR CORNELL UNIVERSITY STUDENTS IN AGRICULTURAL STUDIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LIVING SPACE AND FELLOWSHIP TO MEMBERS OF THE CORNELL UNIVERSITY COMMUNITY INTERESTED IN THE ADVANCEMENT OF AGRICULTURE.
CALS CHARITABLE TRUST FRESHMEN AND TRANSFER AWARDS. THE CALS CHARITABLE TRUST IS AN ENDOWMENT FORMED BY A GROUP OF ALUMNI FROM THE AGRICULTURE AND LIFE SCIENCES FRATERNITY OF ALPHA ZETA. EACH YEAR, THE CALS CHARITABLE TRUST PROVIDES AWARDS TO CALS FRESHMEN AND TRANSFER STUDENTS. THESE AWARDS ARE OPEN TO ALL CALS FRESHMEN AND TRANSFER STUDENTS WHO ARE IN THEIR FIRST YEAR AT CORNELL. THE CRITERIA FOR THESE AWARDS ARE ACADEMIC PERFORMANCE, CORNELL AND EXTERNAL ACTIVITIES AND SERVICE ESPECIALLY RELATING TO AGRICULTURE AND THE LIFE SCIENCES AND VISION AS TO PERSONAL GOALS. PREFERENCE IS GIVEN TO STUDENTS WHO PLAN TO BE INVOLVED IN SOME WAY WITH AGRICULTURE IN THE BROADEST SENSE INCLUDING BIOLOGICAL, ENVIRONMENTAL, AND PHYSICAL AND SOCIAL SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica May Member | Trustee | 1 | $0 |
Rebecca Franklin Member | Trustee | 1 | $0 |
Kim Flemming Member | Trustee | 1 | $0 |
Chris Castellano Member | Trustee | 1 | $0 |
John Brouillette Member | Trustee | 1 | $0 |
Jeffrey Perry President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,636 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,106 |
| Total Program Service Revenue | $172,389 |
| Investment income | $15,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,247 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $825 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $295 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $198 |
| Information technology | $8,228 |
| Royalties | $0 |
| Occupancy | $102,791 |
| Travel | $0 |
| 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 | $12,003 |
| Insurance | $35,210 |
| All other expenses | $1,248 |
| Total functional expenses | $199,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,111 |
| Savings and temporary cash investments | $1,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $162,557 |
| Investments—publicly traded securities | $338,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $583,217 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $219,912 |
| Net assets with donor restrictions | $363,305 |
| 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 | $583,217 |