Zeta Beta Tau Fraternity
- Assets
- $48.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1940
- Data as of
- 07/2022
- EIN
- 95-6075902
Organization Overview
Zeta Beta Tau Fraternity is located in Los Angeles, CA. The organization was established in 1940. 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. Zeta Beta Tau Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2022, Zeta Beta Tau Fraternity generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.1m during the year ending 07/2022. While expenses have increased by 23.3% per year over the past 6 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
LOCAL CHAPTER OF NATIONAL COLLEGE FRATERNITY PROVIDING ROOM AND BOARD, SOCIAL ACTIVITIES, AND MEETING FACILITIES FOR MEMBERS ONLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT
CHAPTER
KITCHEN
HOUSE, NATIONAL, & ADMINISTRATIVE EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Davidson President | Officer | 2 | $0 |
Richard Kaplan Treasurer | Officer | 2 | $0 |
Scott Farkas Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,129,904 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,129,904 |
| Total Program Service Revenue | $0 |
| Investment income | $541 |
| 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 | $1,130,445 |
| 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 | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,417 |
| Advertising and promotion | $0 |
| Office expenses | $4,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $573,967 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,848 |
| Interest | $0 |
| Payments to affiliates | $91,809 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $234,594 |
| Total functional expenses | $1,149,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$360 |
| 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 | $0 |
| Investments—publicly traded securities | $21,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,200 |
| Total assets | $48,266 |
| 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 | -$1,431 |
| Total liabilities | -$1,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $49,697 |
| Total liabilities and net assets/fund balances | $48,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Associated Students Of San Francisco State College San Francisco, CA | $23,679,804 | $8,027,384 |
Alpha Phi Chapter House Of Corporation Of Bloomington Elk Grove, CA | $3,111,091 | $1,023,375 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $361,437 | $1,345,397 |
Beta Epsilon Building Co Of Tucon Elk Grove, CA | $6,120,768 | $1,323,685 |
Alpha Phi International Fraternity Inc Elk Grove, CA | $366,816 | $1,179,925 |
Sigma Chi Fraternity Los Angeles, CA | $71,931 | $1,167,550 |
Chi Omega Fraternity Berkeley, CA | $1,735,901 | $1,318,431 |
Zeta Beta Tau Fraternity Los Angeles, CA | $48,266 | $1,130,445 |
Gamma Phi Beta Sorority Inc Tucson, AZ | $2,331,775 | $1,120,697 |
Chi Omega House Corp Tucson, AZ | $2,622,204 | $1,280,098 |
Alpha Phi International Fraternity Elk Grove, CA | $435,880 | $1,113,024 |
Delta Tau House Corporation Encino, CA | $1,215,239 | $20,773 |