New York St Capital Dist Ass Of Zeta Psi Inc
- Assets
- $1.0m
- Revenue
- $182.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Sanford, NC
- Founding
- 08/1984
- Data as of
- 05/2024
- EIN
- 22-2534431
Organization Overview
New York St Capital Dist Ass Of Zeta Psi Inc is located in Sanford, NC. The organization was established in 1984. 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 an independent organization and not affiliated with a larger national or regional group of organizations. New York St Capital Dist Ass Of Zeta Psi Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2024, New York St Capital Dist Ass Of Zeta Psi Inc generated $182.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $173.0k during the year ending 05/2024. While expenses have increased by 26.9% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESIDENTIAL, DINING, SOCIAL OPPORTUNITIES FOR MEMBERS OF ZETA PSI FRATERNITY. PROVIDE EDUCATIONAL, STUDY, AND ATHLETIC SPACE AND FACILITIES FOR COLLEGE STUDENTS. ASSIST STUDENTS AND ALUMNI TO ATTEND EDUCATIONAL SEMINARS. AWARD ACHIEVEMENT PRIZES. DISTRIBUTE NEWSLETTERS. CONDUCT BUSINESS AND SOCIAL MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESIDENTIAL, DINING, AND SOCIAL SPACE FOR COLLEGE STUDENT MEMBERS (721310).
PROVIDE DEDICATED EDUCATIONAL, ATHLETIC, AND STUDY SPACE FOR RESIDENT AND NON-RESIDENT STUDENT MEMBERS. ASSIST STUDENT AND ALUMNI MEMBERS TO ATTEND EDUCATIONAL LECTURES AND SEMINARS. RECOGNIZE OUTSTANDING STUDENT ACHIEVEMENT. WITH THE ASSETS OF THE ORGANIZATION ACTING AS AN ENDOWMENT, THESE EDUCATIONAL ACTIVITIES WERE SUPPORTED IN LARGE PART BY THE INVESTMENT INCOME, ALL OF WHICH WAS ABSORBED BY THEM. (611710)
HOLD ANNUAL REUNION AND CORPORATE MEMBERSHIP MEETING ADAPTING TO PANDEMIC CONTROL REGULATIONS. CONDUCT ASSOCIATION BUSINESS THROUGH MONTHLY MEETINGS OF THE BOARD OF DIRECTORS (BY ZOOM) AND COMPARABLE MEETINGS OF SELECTED COMMITTEES. DISTRIBUTE A NEWSLETTER THROUGH MAIL AND ONLINE. THE ANNUAL MEETING WITH SOCIAL EVENTS WAS HELD IN PERSON FOR THE SECOND YEAR AFTER TWO YEARS OF ELECTRONIC SUBSTITUTES. (813410).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Anderson Director | Trustee | 1 | $0 |
William Bourassa Director | Trustee | 1 | $0 |
Maxwell Bellomy Director | Trustee | 2 | $0 |
John D'addieco Treasurer | OfficerTrustee | 3 | $0 |
Ronald Dolfi Director | Trustee | 1 | $0 |
Michael Gagas Assistant Treasurer, Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,280 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,380 |
| Total Program Service Revenue | $149,383 |
| Investment income | $26,674 |
| 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 | $182,437 |
| 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 | $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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,329 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,369 |
| 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 | $4,950 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,907 |
| All other expenses | $6,420 |
| Total functional expenses | $172,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,722 |
| Savings and temporary cash investments | $136,527 |
| 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 | $354,476 |
| Investments—publicly traded securities | $513,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,024,060 |
| Accounts payable and accrued expenses | $6,757 |
| 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 | $6,757 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $100,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $400,000 |
| Retained earnings, endowment, accumulated income, or other funds | $517,303 |
| Total liabilities and net assets/fund balances | $1,024,060 |