ZETA PSI EDUCATIONAL FOUNDATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: ZETA PSI EDUCATIONAL FOUNDATION (EIN 13-1832953)
Tax period: 2023-06-01 to 2024-05-31
Filed: 2025-03-31
IRS object ID: 202520909349300437
Schema version: 2023v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-03-31T12:33:31-05:00	ReturnTs
Tax Period End	2024-05-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	273858252	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DEAN DORTON ALLEN FORD PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5975 CASTLE CREEK PARKWAY N DR STE	AddressLine1Txt
Address Line2	400	AddressLine2Txt
City	INDIANAPOLIS	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46250	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-06-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	131832953	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ZETA PSI EDUCATIONAL FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	ZETA	BusinessNameControlTxt
Phone	8457351847	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 SOUTH HENRY STREET	AddressLine1Txt
City	PEARL RIVER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10965	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	M LAUCK WALTON	PersonNm
Person Title	EXECUTIVE DIRECTOR	PersonTitleTxt
Phone	8457351847	PhoneNum
Signature	2025-03-19	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRYAN PAUTSCH	PreparerPersonNm
PTIN	P00034913	PTIN
Phone	3174690169	PhoneNum
Preparation	2025-03-19	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	M LAUCK WALTON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 SOUTH HENRY STREET	AddressLine1Txt
City	PEARL RIVER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10965	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,603,233	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1944	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	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	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	50	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,048,593	PYContributionsGrantsAmt
CY Contributions Grants	$1,507,591	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$427,127	PYInvestmentIncomeAmt
CY Investment Income	$370,905	CYInvestmentIncomeAmt
PY Other Revenue	$24,767	PYOtherRevenueAmt
CY Other Revenue	$22,295	CYOtherRevenueAmt
PY Total Revenue	$1,500,487	PYTotalRevenueAmt
CY Total Revenue	$1,900,791	CYTotalRevenueAmt
PY Grants And Similar Paid	$190,500	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$398,965	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$135,760	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,167,147	PYOtherExpensesAmt
CY Other Expenses	$950,546	CYOtherExpensesAmt
PY Total Expenses	$1,357,647	PYTotalExpensesAmt
CY Total Expenses	$1,349,511	CYTotalExpensesAmt
PY Revenues Less Expenses	$142,840	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$551,280	CYRevenuesLessExpensesAmt
Total Assets BOY	$7,692,351	TotalAssetsBOYAmt
Total Assets EOY	$8,853,287	TotalAssetsEOYAmt
Total Liabilities BOY	$88,042	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$82,150	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$7,604,309	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$8,771,137	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	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	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$173,700	ExpenseAmt
Grant	$173,700	GrantAmt
Desc	SCHOLARSHIP PROGRAM- APPLICATIONS RECEIVED WERE REVIEWED & 235 STUDENTS RECEIVED SCHOLARSHIPS. AWARDS WERE PROCESSED RANGING IN SIZE FROM $250 TO $10,000 IN ACCORDANCE WITH THE INTERNAL REVENUE CODE.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$604,504	ExpenseAmt
Grant	$225,265	GrantAmt
Desc	LEADERSHIP & EDUCATIONAL PROGRAM CONDUCTED LEADERSHIP TRAINING SEMINARS & REGIONAL CONFERENCES ON CAMPUS AND ONLINE. VISITS BY STAFF ORGANIZED EDUCATION SEMINARS AND ENCOURAGED COMMUNITY SERVICE, WHICH BENEFITTED 1,570 STUDENTS DIRECTLY.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$778,204	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	14	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	Yes (1)	ForeignFinancialAccountInd
Foreign Country	CA	ForeignCountryCd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	0	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAUCK WALTON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8457351847	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	15 SOUTH HENRY STREET	AddressLine1Txt
City	PEARL RIVER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10965	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
MAURICE DUCOING
PRESIDENT	5.00	Yes (X)	Yes (X)	$0	$0	$0
JOHN SPOHN
VICE PRESIDENT	3.00	Yes (X)	Yes (X)	$0	$0	$0
AARON RONKSLEY
SECRETARY	5.00	Yes (X)	Yes (X)	$0	$0	$0
EVAN PRESSMAN
TREASURER	5.00	Yes (X)	Yes (X)	$0	$0	$0
ANTHONY ABBATE
TRUSTEE	2.00	Yes (X)		$0	$0	$0
STAN GORSKI
TRUSTEE	2.00	Yes (X)		$0	$0	$0
BRANT DAVIS
TRUSTEE	2.00	Yes (X)		$0	$0	$0
THOMAS LEAVENS
TRUSTEE	2.00	Yes (X)		$0	$0	$0
ALEX PRUCE
TRUSTEE	2.00	Yes (X)		$0	$0	$0
DAVID MORRIS
TRUSTEE	2.00	Yes (X)		$0	$0	$0
BO THOMPSON
TRUSTEE	2.00	Yes (X)		$0	$0	$0
GEFFREY VITALE
TRUSTEE	2.00	Yes (X)		$0	$0	$0
KEVIN ZIEGLER
TRUSTEE	2.00	Yes (X)		$0	$0	$0
TOM ROERDEN
PAST PRESIDENT	2.00	Yes (X)		$0	$0	$0
WILL WRIGHT
TRUSTEE	2.00	Yes (X)		$0	$0	$0
M LAUCK WALTON
EXECUTIVE DIRECTOR	40.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$1,507,591	AllOtherContributionsAmt
Total Contributions	$1,507,591	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$176,497	TotalRevenueColumnAmt
Exclusion	$176,497	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$22,800	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$22,800	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$22,800	TotalRevenueColumnAmt
Exclusion	$22,800	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$896,850	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$702,442	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$194,408	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$194,408	TotalRevenueColumnAmt
Exclusion	$194,408	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISC	Desc
Business	900099	BusinessCd
Total Revenue Column	-$505	TotalRevenueColumnAmt
Exclusion	-$505	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	-$505	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,900,791	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$393,200	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$225,265	TotalAmt
Program Services	$225,265	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$173,700	TotalAmt
Program Services	$173,700	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$14,493	TotalAmt
Management And General	$14,493	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$41,293	TotalAmt
Management And General	$41,293	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$60,239	TotalAmt
Program Services	$30,119	ProgramServicesAmt
Management And General	$30,120	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$304	TotalAmt
Program Services	$152	ProgramServicesAmt
Management And General	$152	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$103,575	TotalAmt
Program Services	$51,787	ProgramServicesAmt
Management And General	$51,788	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$3,692	TotalAmt
Program Services	$2,769	ProgramServicesAmt
Management And General	$923	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,788	TotalAmt
Management And General	$2,788	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$16,441	TotalAmt
Program Services	$5,426	ProgramServicesAmt
Management And General	$11,015	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
SALARIES ALLOCATED FROM	$285,385	$228,308	$57,077
BAD DEBT EXPENSE	$179,009		$179,009
FUNDRAISING	$133,292			$133,292
PAYROLL TAX ALLOCATED F	$39,847	$31,878	$7,969

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$70,188	TotalAmt
Program Services	$28,800	ProgramServicesAmt
Management And General	$38,920	ManagementAndGeneralAmt
Fundraising	$2,468	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,349,511	TotalAmt
Program Services	$778,204	ProgramServicesAmt
Management And General	$435,547	ManagementAndGeneralAmt
Fundraising	$135,760	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$22,118	BOYAmt
EOY	$2,104	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$24,047	BOYAmt
EOY	$26,338	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$840,159	BOYAmt
EOY	$688,459	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$120	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$157,619	BOYAmt
EOY	$198,410	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$32,266	BOYAmt
EOY	$41,820	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$334,449	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$240,374	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$96,863	BOYAmt
EOY	$94,075	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$5,470,683	BOYAmt
EOY	$6,507,344	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,048,476	BOYAmt
EOY	$1,294,737	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$7,692,351	BOYAmt
EOY	$8,853,287	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$88,042	BOYAmt
EOY	$82,150	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$88,042	BOYAmt
EOY	$82,150	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,272,240	BOYAmt
EOY	$3,984,473	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,332,069	BOYAmt
EOY	$4,786,664	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$7,604,309	BOYAmt
EOY	$8,771,137	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$7,692,351	BOYAmt
EOY	$8,853,287	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$551,280	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$641,983	NetUnrlzdGainsLossesInvstAmt
Investment Expense	-$26,435	InvestmentExpenseAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$405,907	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$452,961	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,576,813	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,048,593	CurrentTaxYearMinus1YearAmt
Current Tax Year	$757,591	CurrentTaxYearAmt
Total	$4,241,865	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$405,907	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$452,961	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,576,813	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,048,593	CurrentTaxYearMinus1YearAmt
Current Tax Year	$757,591	CurrentTaxYearAmt
Total	$4,241,865	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$256,623	SubstantialContributorsTotAmt
Public Support Total170	$3,985,242	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$149,343	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$112,334	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$195,753	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$180,602	CurrentTaxYearMinus1YearAmt
Current Tax Year	$199,297	CurrentTaxYearAmt
Total	$837,329	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$20,712	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$21,524	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$22,273	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,767	CurrentTaxYearMinus1YearAmt
Total	$67,276	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$5,146,470	TotalSupportAmt
Public Support CY170	0.77440	PublicSupportCY170Pct
Public Support PY170	0.78240	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER INCOME - 2019 AMOUNT: $ 20,712. 2020 AMOUNT: $ 21,524. 2021 AMOUNT: $ 22,273. 2022 AMOUNT: $ 2,767.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$94,075	OtherCostOrOtherBasisAmt
Book Value	$94,075	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$199,906	OtherCostOrOtherBasisAmt
Depreciation	$199,906	DepreciationAmt
Book Value	$0	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$17,677	OtherCostOrOtherBasisAmt
Depreciation	$17,677	DepreciationAmt
Book Value	$0	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$22,791	OtherCostOrOtherBasisAmt
Depreciation	$22,791	DepreciationAmt
Book Value	$0	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$94,075	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
OTHER ASSETS	$5,000
CASH SURRENDER- LIFE INSURANCE	$329,938
LOAN FROM ZETA PSI FRATERNITY	$959,799

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,294,737	TotalBookValueOtherAssetsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,516,339	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$641,983	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$641,983	RevenueNotReportedAmt
Revenue Subtotal	$1,874,356	RevenueSubtotalAmt
Investment Expenses Not Incld	$26,435	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$26,435	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,900,791	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,349,511	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$1,349,511	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,349,511	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	ZETA PSI EDUCATIONAL FOUNDATION IS A NEW YORK NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF THE ACCOUNTING PRONOUNCEMENT RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION RECOGNIZED NO INTEREST OR PENALTIES IN THE STATEMENTS OF ACTIVITIES FOR EITHER OF THE YEARS ENDED MAY 31, 2024 OR 2023. IF THE SITUATION AROSE IN WHICH THE FOUNDATION WOULD HAVE INTEREST TO RECOGNIZE, IT WOULD RECOGNIZE THIS AS INTEREST EXPENSE AND PENALTIES WOULD BE RECOGNIZED IN OTHER EXPENSES. CURRENTLY, THE PRIOR THREE YEARS ARE OPEN UNDER FEDERAL AND STATE STATUTES OF LIMITATIONS AND REMAIN SUBJECT TO REVIEW AND CHANGE. THE FOUNDATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE FOUNDATION BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE FOUNDATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR EITHER OF THE YEARS ENDED MAY 31, 2024 OR 2023.	ExplanationTxt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
ZETA PSI FRATERNITY INC
15 S HENRY STREET	PEARL RIVER	NY	10965	131496630	501(C)(7)	$197,532	$0	EDUCATIONAL GRANTS
NYS CAPITAL DISTRICT ASSOCIATION OF ZETA PSI
25 BELLE AVE	TROY	NY	12180	222534431	501(C)(7)	$13,000	$0	EDUCATIONAL GRANTS
SYRACUSE ASSOCIATION OF ZETA PSI
50 CT ST 702	BROOKLYN	NY	11201	166071499	501(C)(7)	$8,570	$0	EDUCATIONAL GRANTS

Field	Value	IRS element (for citing)
Total501c3 Org	0	Total501c3OrgCnt
Total Other Org	3	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	STUDENT SCHOLARSHIPS	GrantTypeTxt
Recipient	235	RecipientCnt
Cash Grant	$173,700	CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE FOUNDATION WORKS WITH EXTERNAL COUNSEL TO REVIEW AND TO ENSURE MONITORING OF GRANTS AWARDED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	M. LAUCK WALTON IS THE EXECUTIVE DIRECTOR AND IS AN EMPLOYEE OF ZETA PSI FRATERNITY. APPROXIMATELY $118,435 OF M. LAUCK'S SALARY IS REIMBURSED BY THE FOUNDATION FOR HIS TIME SPENT WORKING AS THE EXECUTIVE DIRECTOR OF THE FOUNDATION.
FORM 990, PART VI, SECTION B, LINE 11B	RETURN IS REVIEWED BY THE OFFICERS AND ALL TRUSTEES PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE FOUNDATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AND RELATED INFORMATION. IF A TRUSTEE HAS A CONFLICT, THE TRUSTEE CANNOT VOTE ON THE ISSUE.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION.