Zeta Phi Beta Sorority Inc
- Assets
- $25.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 01/1960
- Data as of
- 06/2022
- EIN
- 53-0261012
Organization Overview
Zeta Phi Beta Sorority Inc is located in Washington, DC. The organization was established in 1960. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Zeta Phi Beta Sorority Inc employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Zeta Phi Beta Sorority Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Zeta Phi Beta Sorority Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 10.8% 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP - ZETA PHI BETA SORORITY, INC. IS A WOMEN-BASED ORGANIZATION HEADQUARTERED IN WASHINGTON DC WITH OVER 1000 CHAPTERS IN THE UNITED STATES, US VIRGIN ISLANDS, KOREA, JAPAN, GERMANY, BRUSSELS, AND THE UNITED ARAB EMIRATES. OUR MEMBERS PROVIDE COUNTLESS VOLUNTEER HOURS IN THE AREAS OF EDUCATION, COMMUNITY OUTREACH, PROVIDING SCHOLARSHIPS, PARTNERING WITH NATIONAL ORGANIZATIONS WHOSE FOCUS IS ON WOMEN'S AND CHILDREN HEALTH AND PROMOTING LEGISLATION FOR CIVIC AND SOCIAL CHANGE IN THE AREAS OF EDUCATION AND HEALTH.
CONFERENCES - THROUGHOUT THE YEAR ZETA CREATES OPPORTUNITIES FOR WOMEN TO DEVELOP AND IMPROVE UPON THEIR LEADERSHIP SKILLS AND OVERALL EMPOWERMENT. OUR CONFERENCES SUCH AS THE ZETA ORGANIZATIONAL LEADERSHIP CONFERENCE, GRAND BOULE, REGIONAL AND STATE LEADERSHIP CONFERENCES PROVIDE THE OPPORTUNITY FOR INCREASED AND OR KNOWLEDGE TRANSFERENCE, NETWORKING AND PERSONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Hollingsworth Baker International President | OfficerTrustee | 40 | $0 |
Tama Manning Gordon International First Vice President | OfficerTrustee | 40 | $0 |
Chrislyn Turner International Second Vice President | OfficerTrustee | 25 | $0 |
Ivy K Arnold International Third Vice President | OfficerTrustee | 25 | $0 |
Lakitha Hughes International Secretary | OfficerTrustee | 25 | $0 |
Melissa Walton- Jones International Treasurer | OfficerTrustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sundance Marketing Solutions Membership, Print & Publications | 6/29/22 | $524,775 |
Bryan Cave Leighton Paisner Llp Legal Services | 6/29/22 | $420,030 |
Nelson Mullins Riley & Scarborough Llp Legal Services | 6/29/22 | $411,871 |
Event Eq Llc Audio Visuals | 6/29/22 | $347,931 |
Fonteva Llc Subscription And Merchant Fees | 6/29/22 | $304,652 |
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 | $573,897 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,897 |
| Total Program Service Revenue | $7,201,229 |
| Investment income | $17,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $242,720 |
| 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 | -$827,111 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,208,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $359,219 |
| 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. | $151,369 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $929,939 |
| Pension plan accruals and contributions | $38,435 |
| Other employee benefits | $158,996 |
| Payroll taxes | $92,179 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $847,555 |
| Fees for services: Accounting | $217,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $415,579 |
| Advertising and promotion | $336,631 |
| Office expenses | $404,244 |
| Information technology | $139,308 |
| Royalties | $0 |
| Occupancy | $360,822 |
| Travel | $69,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177,475 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $394,301 |
| Insurance | $710,209 |
| All other expenses | $149,287 |
| Total functional expenses | $6,749,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,262,988 |
| Savings and temporary cash investments | $515,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $461,625 |
| Prepaid expenses and deferred charges | $2,391,426 |
| Net Land, buildings, and equipment | $10,692,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,430 |
| Total assets | $25,467,405 |
| Accounts payable and accrued expenses | $353,257 |
| Grants payable | $0 |
| Deferred revenue | $4,535,979 |
| 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 | $153,180 |
| Total liabilities | $5,042,416 |
| Net assets without donor restrictions | $19,885,248 |
| Net assets with donor restrictions | $539,741 |
| 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 | $25,467,405 |
Grants Awarded
Over the last fiscal year, Zeta Phi Beta Sorority Inc has awarded $349,219 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ZETA NATIONAL EDUCATIONAL FOUNDATION INC PURPOSE: SCHOLARSHIP PROGRAM | $324,219 |
AFRICAN AMERICAN MUSEUM OF PHILADELPHIA PURPOSE: PROGRAMMING DONATION | $25,000 |