Nonprofit · EIN 80-0244485
ZETA BETA TAU FOUNDATION INC
Tax-exempt · CARMEL, IN 46032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,219,234 | $2,138,040 | -$918,806 | $12,438,619 | $219,686 | $12,218,933 |
| December 31, 2023 | 990 | $825,729 | $2,092,394 | -$1,266,665 | $13,012,974 | $255,613 | $12,757,361 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $457,699
- Program service revenue
- $0
- Investment income
- $716,617
- Net gain from sales of assets
- $395,155
- Other revenue
- $44,918
Expenses
- Grants and similar amounts paid
- $743,645
- Compensation of officers, directors and key employees
- $162,589
- Other salaries and wages
- $560,925
- Salaries, compensation and benefits (total)
- $835,066
- Professional fundraising fees
- $0
- Legal fees
- $17,465
- Accounting fees
- $54,254
- Occupancy
- $1,095
- Travel
- $63,843
- Depreciation
- $286
- Program services (functional)
- $1,260,079
- Management and general (functional)
- $438,728
- Fundraising (functional)
- $439,233
Balance sheet and other
- Total assets, start of year
- $13,012,974
- Total assets, end of year
- $12,438,619
- Total liabilities, end of year
- $219,686
- Net assets, end of year
- $12,218,933
- Land, buildings and equipment
- $1,856
- Publicly traded securities
- $11,166,034
- Net assets without donor restrictions
- $142,883
- Net assets with donor restrictions
- $12,076,050
- Gross receipts
- $4,331,706
- Employees
- 7
- Volunteers
- 98
- Year formed
- 1950
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN D STEMEN ESQ | CHIEF EXECUTIVE OFFICER Officer | 40 | $152,631 | $9,958 |
| SAMUEL LOCKE | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $142,732 | $6,202 |
| BETH ASHER | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $122,123 | $16,584 |
| AKIBA COVITZ | EXEC DIRECTOR INTOLERANCE PROGRAM Highest-paid employee | 40 | $110,962 | $0 |
| STEVEN D FELDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOAAV S KRAUTHAMMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SIDNEY LANDMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIAN J OBLETON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RONALD A PARDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW J RUBINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD D SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JONATHAN D STINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN E GOLD | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| BRET W HRBEK | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DEVON M SCHAD | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E MARK FISHMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRETT A LEONE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL T WYATT | FORMER CHIEF DEVELOPMENT OFFICER Highest-paid employee | 40 | $172,910 | $1,014 |
| FARON A LEWITT | FORMER CHIEF EXECUTIVE OFFICER Officer | 40 | $135,588 | $11,554 |
| JOHN D STEMEN ESQ | CHIEF EXECUTIVE OFFICER Officer | 40 | $48,689 | $8,677 |
| TODD A GAGLIANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL M EGEL-WEISS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRETT A LEONE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOAAV S KRAUTHAMMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATTHEW J RUBINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TODD D SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN E GOLD | IMMEDIATE PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| BRET W HRBEK | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JEFFREY J BAKKER ESQ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| E MARK FISHMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DEVON M SCHAD | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1320 CITY CENTER DRIVE, CARMEL, IN 46032-3815
- In care of
- % MICHELE JAMES
- Mailing address (990-N for 2019)
- 38 Chambers St, Newark DE 19711
- Principal officer (990 for 2024)
- JOHN STEMEN, 1320 CITY CENTER DRIVE 225, CARMEL, IN 46032
- Principal officer (990-N for 2019)
- Seth Goldstein, 2 Linford Ct, Marlboro NJ 07746
- Signed the 990
- JOHN STEMEN, CHIEF EXECUTIVE OFFICER
- Phone
- (317) 334-1898
- Website
- WWW.ZBTFOUNDATION.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
SEE SCHEDULE O.THE ZETA BETA TAU FOUNDATION IS A NONPROFIT CORPORATION EXCLUSIVELY COMMITTED TO EDUCATIONAL AND CHARITABLE PURPOSES THAT ASSIST THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY. THE FOUNDATION ASSISTS THE COLLEGIATE AND ALUMNI BROTHERS OF ZETA BETA TAU FRATERNITY BY FUNDING SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS TO MAXIMIZE THEIR PERSONAL DEVELOPMENT AND PREPARE THEM TO BE LEADERS OF SOCIETY. THE SCHOLARSHIPS AND ACADEMIC AND LEADERSHIP PROGRAMS FUNDED BY THE FOUNDATION ENHANCE THE OVERALL VALUE OF BROTHERHOOD IN ZETA BETA TAU FRATERNITY BY COMPLEMENTING THE COLLEGIATE EDUCATIONAL EXPERIENCE.
Program accomplishments
- TO PROVIDE ACADEMIC SCHOLARSHIPS TO UNDERGRADUATE AND GRADUATE STUDENTS WHO ALMOST WITHOUT EXCEPTION ARE BROTHERS OF ZETA BETA TAU FRATERNITY. SCHOLARSHIPS ARE GRANTED BASED ON A FORMULA OF NEED, SCHOLARSHIP, COMMUNITY, CAMPUS AND CHAPTER ACTIVITY.Expenses $301,274 · grants $177,800
- LEADERSHIP GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR LEADERSHIP PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES FROM ACROSS THE UNITED STATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS GENERAL LEADERSHIP, GROUP DYNAMICS, CRISIS AND RISK MANAGEMENT, MENTAL HEALTH, EVENT PLANNING, BUDGETING AND FINANCES, COMMUNICATION SKILLS AND ALCOHOL AND DRUG ABUSE.Expenses $925,150 · grants $545,984
- HATE PREVENTION GRANTS AND PROGRAMS - TO PROVIDE FUNDING FOR ANTI-HATE PROGRAMS WHICH BRING TOGETHER UNDERGRADUATES IN ORDER TO ATTEND PANELS, SEMINARS, BREAK-OUTS AND OTHER EVENTS ON TOPICS SUCH AS COMBATTING CAMPUS-ANTI-SEMITISM, ISRAEL, HATE PREVENTION, DIVERSITY AND INCLUSION.Expenses $33,655 · grants $19,861
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0244485
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $12,438,619
- Income (IRS master file)
- $4,331,706
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,219,234 | $2,138,040 | $12,438,619 | XML |
| 990 | December 2023 | $825,729 | $2,092,394 | $13,012,974 | XML |
| 990 | December 2022 | $798,127 | $1,635,172 | $13,020,785 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Seth Goldstein | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 80-0244485).
Questions about ZETA BETA TAU FOUNDATION INC
- What is the EIN of ZETA BETA TAU FOUNDATION INC?
- The employer identification number (EIN) of ZETA BETA TAU FOUNDATION INC is 80-0244485.
- Is ZETA BETA TAU FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ZETA BETA TAU FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ZETA BETA TAU FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ZETA BETA TAU FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ZETA BETA TAU FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ZETA BETA TAU FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOHN STEMEN.
- Who are the officers and directors of ZETA BETA TAU FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 4 received compensation from the organization, the highest $152,631 (JOHN D STEMEN ESQ, CHIEF EXECUTIVE OFFICER).
- How much revenue does ZETA BETA TAU FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,219,234, expenses of $2,138,040 and total assets of $12,438,619 at year end.
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