2025-03-31T12:33:31-05:00 2024-05-31 273858252 DEAN DORTON ALLEN FORD PLLC 5975 CASTLE CREEK PARKWAY N DR STE 400 INDIANAPOLIS IN 46250 990 2023-06-01 131832953 ZETA PSI EDUCATIONAL FOUNDATION ZETA 8457351847 15 SOUTH HENRY STREET PEARL RIVER NY 10965 M LAUCK WALTON EXECUTIVE DIRECTOR 8457351847 2025-03-19 1 0 BRYAN PAUTSCH P00034913 3174690169 2025-03-19 2023 2025-03-06 01:10:19Z M LAUCK WALTON 15 SOUTH HENRY STREET PEARL RIVER NY 10965 2603233 0 X N/A X 1944 NY 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 15 15 0 50 0 0 1048593 1507591 0 0 427127 370905 24767 22295 1500487 1900791 190500 398965 0 0 0 0 0 0 135760 1167147 950546 1357647 1349511 142840 551280 7692351 8853287 88042 82150 7604309 8771137 X 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 0 0 173700 173700 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. 604504 225265 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. 778204 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 0 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X LAUCK WALTON 8457351847 15 SOUTH HENRY STREET PEARL RIVER NY 10965 X MAURICE DUCOING PRESIDENT 5.00 X X 0 0 0 JOHN SPOHN VICE PRESIDENT 3.00 X X 0 0 0 AARON RONKSLEY SECRETARY 5.00 X X 0 0 0 EVAN PRESSMAN TREASURER 5.00 X X 0 0 0 ANTHONY ABBATE TRUSTEE 2.00 X 0 0 0 STAN GORSKI TRUSTEE 2.00 X 0 0 0 BRANT DAVIS TRUSTEE 2.00 X 0 0 0 THOMAS LEAVENS TRUSTEE 2.00 X 0 0 0 ALEX PRUCE TRUSTEE 2.00 X 0 0 0 DAVID MORRIS TRUSTEE 2.00 X 0 0 0 BO THOMPSON TRUSTEE 2.00 X 0 0 0 GEFFREY VITALE TRUSTEE 2.00 X 0 0 0 KEVIN ZIEGLER TRUSTEE 2.00 X 0 0 0 TOM ROERDEN PAST PRESIDENT 2.00 X 0 0 0 WILL WRIGHT TRUSTEE 2.00 X 0 0 0 M LAUCK WALTON EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1507591 1507591 176497 176497 22800 0 22800 22800 22800 896850 702442 194408 194408 194408 MISC 900099 -505 -505 -505 1900791 0 0 393200 225265 225265 173700 173700 14493 14493 41293 41293 60239 30119 30120 304 152 152 103575 51787 51788 3692 2769 923 2788 2788 16441 5426 11015 SALARIES ALLOCATED FROM 285385 228308 57077 BAD DEBT EXPENSE 179009 179009 FUNDRAISING 133292 133292 PAYROLL TAX ALLOCATED F 39847 31878 7969 70188 28800 38920 2468 1349511 778204 435547 135760 22118 2104 24047 26338 840159 688459 120 0 157619 198410 32266 41820 334449 240374 96863 94075 5470683 6507344 1048476 1294737 7692351 8853287 88042 82150 88042 82150 X 3272240 3984473 4332069 4786664 7604309 8771137 7692351 8853287 551280 641983 -26435 0 X 0 1 X 1 0 X 405907 452961 1576813 1048593 757591 4241865 405907 452961 1576813 1048593 757591 4241865 256623 3985242 149343 112334 195753 180602 199297 837329 20712 21524 22273 2767 67276 5146470 0.77440 0.78240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 20,712. 2020 AMOUNT: $ 21,524. 2021 AMOUNT: $ 22,273. 2022 AMOUNT: $ 2,767. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94075 94075 199906 199906 0 17677 17677 0 22791 22791 0 94075 OTHER ASSETS 5000 CASH SURRENDER- LIFE INSURANCE 329938 LOAN FROM ZETA PSI FRATERNITY 959799 1294737 X 2516339 641983 641983 1874356 26435 26435 1900791 1349511 0 1349511 0 1349511 PART X, LINE 2: 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. 1 ZETA PSI FRATERNITY INC 15 S HENRY STREET PEARL RIVER NY 10965 131496630 501(C)(7) 197532 0 EDUCATIONAL GRANTS NYS CAPITAL DISTRICT ASSOCIATION OF ZETA PSI 25 BELLE AVE TROY NY 12180 222534431 501(C)(7) 13000 0 EDUCATIONAL GRANTS SYRACUSE ASSOCIATION OF ZETA PSI 50 CT ST 702 BROOKLYN NY 11201 166071499 501(C)(7) 8570 0 EDUCATIONAL GRANTS 0 3 STUDENT SCHOLARSHIPS 235 173700 PART I, LINE 2: THE FOUNDATION WORKS WITH EXTERNAL COUNSEL TO REVIEW AND TO ENSURE MONITORING OF GRANTS AWARDED. 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.