Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1949.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
53 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
16 people listed on the 990; $62K paid to officers and key staff.
M Lauck Walton’s $70K as Executive Dir. is at the 14th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| M Lauck Walton | $70,472 | $61,702 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Zeta Psi Educational Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Raises funds for educational and charitable purposes through campaigns and events.
Questions for Zeta Psi Educational Foundation
Your first name shows with your question. Zeta Psi Educational Foundation answers here, for everyone.
Scholarship program-applications rec'd were reviewed & 98 scholarships awards were processed for 68 persons ranging in size from $100 to $3,500 in accordance with internal revenue guidlines.
Leadership & educational program conducted leadership training seminars & regional conferences on campus. Visits by staff organized education seminars and encourgaged community service: which orograms benefited 700 students directly.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $51K | $65K |
| InvestmentsLn 11–13 | $6.3M | $6.1M |
| Land, buildings, equipmentLn 10c | $108K | $105K |
| Total assetsLn 16 | $7.3M | $6.8M |
| LiabilitiesLn 26 | $118K | $61K |
| Net assetsLn 32 | $7.2M | $6.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8K | $8K | ||
| Grants to domestic individualsLn 2 | $102K | $102K | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | |||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $62K | $49K | $12K | |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $165K | $132K | $33K | |
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $26K | $21K | $5K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $19K | $19K | ||
| Accounting feesLn 11c | $27K | $27K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $34K | $25K | $8K | |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $9K | $3K | $7K | |
| InsuranceLn 23 | $5K | $2K | $4K | |
| Other expenses (24a–d)Ln 24 | $491K | $196K | $170K | $125K |
| All other expensesLn 24e | $130K | $29K | $89K | $11K |
| Total functional expensesLn 25 | $1.1M | $566K | $375K | $137K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 13, 2026 | $2.2M | $1.6M | $572K | $9.6M | 990 PDF |
| FY2024Filed with the IRS Mar 31, 2025 | $1.9M | $1.3M | $551K | $8.8M | 990 PDF |
| FY2023Filed with the IRS Apr 5, 2024 | $1.5M | $1.4M | $143K | $7.6M | 990 PDF |
| FY2022Filed with the IRS Apr 5, 2023 | $2.3M | $1.1M | $1.1M | $8.1M | 990 PDF |
| FY2021Filed with the IRS Dec 22, 2021 | $871K | $733K | $139K | $8.2M | 990 PDF |
| FY2020 ViewingFiled with the IRS Feb 1, 2021 | $711K | $1.1M | −$367K | $6.7M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $710,889 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 3 to look at
Part VIII · Statement of revenue $710,889 across 9 lines filed
Part IX · Statement of functional expenses $1,077,902 across 31 lines filed
Part X · Balance sheet $6,759,272 assets, 22 lines filed
Part XI · Reconciliation of net assets $6,698,158 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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