ZETA PSI EDUCATIONAL FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ZETA PSI EDUCATIONAL FOUNDATION (EIN 13-1832953)
Tax period
2024-06-01 to 2025-05-31
Filed
2026-04-13
IRS object ID
202641039349301424
Schema version
2024v5.5
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-13T14:21:57-05:00ReturnTs
Tax Period End2025-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273858252PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DEAN DORTON ALLEN FORD PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15975 CASTLE CREEK PARKWAY N DR STEAddressLine1Txt
Address Line2400AddressLine2Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46250ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131832953EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ZETA PSI EDUCATIONAL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlZETABusinessNameControlTxt
Phone8457351847PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 SOUTH HENRY STREETAddressLine1Txt
CityPEARL RIVERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10965ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSPENCER LONGPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone8457351847PhoneNum
Signature2026-04-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN PAUTSCHPreparerPersonNm
PTINP00034913PTIN
Phone3174690169PhoneNum
Preparation2026-04-10PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSPENCER LONGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 SOUTH HENRY STREETAddressLine1Txt
CityPEARL RIVERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10965ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,566,074GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1944FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionZETA 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 Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,507,591PYContributionsGrantsAmt
CY Contributions Grants$1,735,811CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$370,905PYInvestmentIncomeAmt
CY Investment Income$424,949CYInvestmentIncomeAmt
PY Other Revenue$22,295PYOtherRevenueAmt
CY Other Revenue$22,047CYOtherRevenueAmt
PY Total Revenue$1,900,791PYTotalRevenueAmt
CY Total Revenue$2,182,807CYTotalRevenueAmt
PY Grants And Similar Paid$398,965PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$538,462CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$128,414CYTotalFundraisingExpenseAmt
PY Other Expenses$950,546PYOtherExpensesAmt
CY Other Expenses$1,072,528CYOtherExpensesAmt
PY Total Expenses$1,349,511PYTotalExpensesAmt
CY Total Expenses$1,610,990CYTotalExpensesAmt
PY Revenues Less Expenses$551,280PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$571,817CYRevenuesLessExpensesAmt
Total Assets BOY$8,853,287TotalAssetsBOYAmt
Total Assets EOY$9,688,238TotalAssetsEOYAmt
Total Liabilities BOY$82,150TotalLiabilitiesBOYAmt
Total Liabilities EOY$90,263TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,771,137NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,597,975NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionZETA 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 Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$151,783ExpenseAmt
Grant$151,783GrantAmt
DescSCHOLARSHIP PROGRAM- APPLICATIONS RECEIVED WERE REVIEWED & 255 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

FieldValueIRS element (for citing)
Expense$842,719ExpenseAmt
Grant$386,679GrantAmt
DescLEADERSHIP & EDUCATIONAL PROGRAM CONDUCTED LEADERSHIP TRAINING SEMINARS & REGIONAL CONFERENCES ON CAMPUS AND ONLINE. VISITS BY STAFF ORGANIZED EDUCATION SEMINARS AND ENCOURAGED COMMUNITY SERVICE, WHICH BENEFITTED 1,950 STUDENTS DIRECTLY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$994,502TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryCAForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPENCER LONGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8454742625PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 SOUTH HENRY STREETAddressLine1Txt
CityPEARL RIVERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10965ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
WILL WOLDENBERG
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
DYLAN THOMAS
VICE PRESIDENT3.00Yes (X)Yes (X)$0$0$0
AARON RONKSLEY
SECRETARY5.00Yes (X)Yes (X)$0$0$0
EVAN PRESSMAN
TREASURER5.00Yes (X)Yes (X)$0$0$0
ANTHONY ABBATE
TRUSTEE2.00Yes (X)$0$0$0
STAN GORSKI
TRUSTEE2.00Yes (X)$0$0$0
BRANT DAVIS
TRUSTEE2.00Yes (X)$0$0$0
THOMAS LEAVENS
TRUSTEE2.00Yes (X)$0$0$0
RON CASS
TRUSTEE2.00Yes (X)$0$0$0
DAVID MORRIS
TRUSTEE2.00Yes (X)$0$0$0
BO THOMPSON
TRUSTEE2.00Yes (X)$0$0$0
GEFFREY VITALE
TRUSTEE2.00Yes (X)$0$0$0
KEVIN ZIEGLER
TRUSTEE2.00Yes (X)$0$0$0
TOM ROERDEN
TRUSTEE2.00Yes (X)$0$0$0
WILL WRIGHT
TRUSTEE2.00Yes (X)$0$0$0
M LAUCK WALTON
EXECUTIVE DIRECTOR40.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$1,735,811AllOtherContributionsAmt
Total Contributions$1,735,811TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$57,797TotalRevenueColumnAmt
Exclusion$57,797ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$22,800RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$22,800RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,800TotalRevenueColumnAmt
Exclusion$22,800ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,750,419SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,383,267SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$367,152SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$367,152TotalRevenueColumnAmt
Exclusion$367,152ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCDesc
Business900099BusinessCd
Total Revenue Column-$753TotalRevenueColumnAmt
Exclusion-$753ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total-$753OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,182,807TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$446,996ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$386,679TotalAmt
Program Services$386,679ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$151,783TotalAmt
Program Services$151,783ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$16,252TotalAmt
Management And General$16,252ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$59,379TotalAmt
Management And General$59,379ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$39,129TotalAmt
Management And General$39,129ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$91,484TotalAmt
Program Services$45,742ProgramServicesAmt
Management And General$45,742ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$30TotalAmt
Program Services$15ProgramServicesAmt
Management And General$15ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$109,834TotalAmt
Program Services$54,917ProgramServicesAmt
Management And General$54,917ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,151TotalAmt
Program Services$6,113ProgramServicesAmt
Management And General$2,038ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$21,304TotalAmt
Program Services$7,030ProgramServicesAmt
Management And General$14,274ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SALARIES ALLOCATED FROM$314,971$251,977$62,994
FUNDRAISING$125,662$125,662
MISC$61,448$61,448
CREDIT LOSS EXPENSE$55,891$55,891

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$168,993TotalAmt
Program Services$90,246ProgramServicesAmt
Management And General$75,995ManagementAndGeneralAmt
Fundraising$2,752FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,610,990TotalAmt
Program Services$994,502ProgramServicesAmt
Management And General$488,074ManagementAndGeneralAmt
Fundraising$128,414FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,104BOYAmt
EOY$175,970EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$26,338BOYAmt
EOY$32,022EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$688,459BOYAmt
EOY$518,549EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$198,410BOYAmt
EOY$310,610EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$41,820BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$364,699LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$270,624LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$94,075BOYAmt
EOY$94,075EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$6,507,344BOYAmt
EOY$7,268,965EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,294,737BOYAmt
EOY$1,288,047EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,853,287BOYAmt
EOY$9,688,238EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$82,150BOYAmt
EOY$90,263EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$82,150BOYAmt
EOY$90,263EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,984,473BOYAmt
EOY$9,597,975EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,786,664BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,771,137BOYAmt
EOY$9,597,975EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,853,287BOYAmt
EOY$9,688,238EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$571,817ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$255,021NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$452,961CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,576,813CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,048,593CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$757,591CurrentTaxYearMinus1YearAmt
Current Tax Year$603,854CurrentTaxYearAmt
Total$4,439,812TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$452,961CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,576,813CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,048,593CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$757,591CurrentTaxYearMinus1YearAmt
Current Tax Year$603,854CurrentTaxYearAmt
Total$4,439,812TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$327,074SubstantialContributorsTotAmt
Public Support Total170$4,112,738PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$112,334CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$195,753CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$180,602CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$199,297CurrentTaxYearMinus1YearAmt
Current Tax Year$80,597CurrentTaxYearAmt
Total$768,583TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,524CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,273CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,767CurrentTaxYearMinus2YearsAmt
Current Tax Year-$753CurrentTaxYearAmt
Total$45,811TotalAmt
FieldValueIRS element (for citing)
Total Support$5,254,206TotalSupportAmt
Public Support CY1700.78280PublicSupportCY170Pct
Public Support PY1700.77440PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:OTHER INCOME - 2020 AMOUNT: $ 21,524. 2021 AMOUNT: $ 22,273. 2022 AMOUNT: $ 2,767. 2024 AMOUNT: $ -753.
SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:DESCRIPTION: CASH DATE: 01/01/24 AMOUNT: 750000. DESCRIPTION: CASH DATE: 10/01/24 AMOUNT: 1131957.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

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

Buildings BuildingsGrp

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

Leasehold Improvements LeaseholdImprovementsGrp

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

Equipment EquipmentGrp

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

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$30,250OtherCostOrOtherBasisAmt
Depreciation$30,250DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$94,075TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
OTHER ASSETS$5,000
CASH SURRENDER- LIFE INSURANCE$361,178
LOAN FROM ZETA PSI FRATERNITY$921,869
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,288,047TotalBookValueOtherAssetsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,398,699TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$255,021NetUnrealizedGainsInvstAmt
Revenue Not Reported$255,021RevenueNotReportedAmt
Revenue Subtotal$2,143,678RevenueSubtotalAmt
Investment Expenses Not Incld$39,129InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$39,129RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,182,807TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,571,861TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,571,861ExpensesSubtotalAmt
Investment Expenses Not Incld2$39,129InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$39,129ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,610,990TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationZETA 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, 2025 OR 2024. 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, 2025 OR 2024.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ZETA PSI FRATERNITY INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line115 S HENRY STREETAddressLine1Txt
CityPEARL RIVERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10965ZIPCd
FieldValueIRS element (for citing)
Recipient EIN131496630RecipientEIN
IRC Section501(C)(7)IRCSectionDesc
Cash Grant$383,178CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantEDUCATIONAL GRANTSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSTUDENT SCHOLARSHIPSGrantTypeTxt
Recipient255RecipientCnt
Cash Grant$151,783CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION WORKS WITH EXTERNAL COUNSEL TO REVIEW AND TO ENSURE MONITORING OF GRANTS AWARDED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3M 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 11BRETURN IS REVIEWED BY THE OFFICERS AND ALL TRUSTEES PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION.
FORM 990, PART IX, LINE 24EPAYROLL TAX ALLOCATED FROM THE FRATERNITY: PROGRAM SERVICE EXPENSES 36,456. MANAGEMENT AND GENERAL EXPENSES 9,114. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,570. PUBLICATIONS: PROGRAM SERVICE EXPENSES 35,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,080. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 9,418. MANAGEMENT AND GENERAL EXPENSES 19,121. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,539. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,503. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,503. BOARD OF TRUSTEE EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,703. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,703. LEADERSHIP TRAINING SEMINARS: PROGRAM SERVICE EXPENSES 8,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,500. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,155. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,155. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,607. FUNDRAISING EXPENSES 2,752. TOTAL EXPENSES 6,359. TELEPHONE: PROGRAM SERVICE EXPENSES 792. MANAGEMENT AND GENERAL EXPENSES 792. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,584.

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