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Beta Zeta Foundation

Not tax-deductible

Carmel, IN501(c)(7)Education EIN 35-6041567Revenue $848K in FY2024

On file with the IRS4000 W 106th St Ste 125 Pmb 337, 46032-7730 · Carmel, INTax-exempt since Oct 2014

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Provide adequate housing and meals for undergraduate members of delta tau delta fraternity attending butler university in indianapolis, indiana.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 12 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$848K
+1% vs prior year
Spent
$760K
To programs
0%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$848K
FY2024▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$577K
FY2021$689K
FY2022$775K
FY2023$839K
FY2024$848K
Expenses
$760K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$671K
FY2021$679K
FY2022$876K
FY2023$776K
FY2024$760K
Net assets
$1.2M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$991K
FY2023$1.1M
FY2024$1.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Zach Roberts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff O'Brien
Director
$0Pt VII · Sec A
Andy Wiersma
Director
$0Pt VII · Sec A
Steve Vedra
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Derek Burns
Director
$0Pt VII · Sec A
Jerry Wiley
Director
$0Pt VII · Sec A
See Beta Zeta Foundation executive salaries →

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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

Provides housing and meals for Delta Tau Delta fraternity members at Butler University.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Provide adequate housing and meals for undergraduate members of delta tau delta fraternity attending butler university in indianapolis, indiana.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $36K · 2020–2024
Unitemized GrantFY2024$5,092
Unitemized GrantFY2023$11,816
Unitemized GrantFY2022$6,907
Unitemized GrantFY2021$5,214
Unitemized GrantFY2020$7,267

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$848K
Ln 12
Fees for servicesLn 2g$838K
Investment incomeLn 3$9K
Money outPt IX
$760K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$415K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$838K
Investment incomeLn 3$9K
Gains on assetsLn 7$2K
Total revenueLn 12$848K
Assets in detailPt X, end of year
CashLn 1$415K
Cash and savings togetherLn 1–2$415K
InvestmentsLn 11–13$169K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$5K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.2M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$365K$415K
InvestmentsLn 11–13$160K$169K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.5M$2.4M
LiabilitiesLn 26$1.4M$1.2M
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$5K
Management feesLn 11a$12K
Accounting feesLn 11c$7K
Investment management feesLn 11f$3K
Office expensesLn 13$92
OccupancyLn 16$261K
Conferences, conventions and meetingsLn 19$16K
InterestLn 20$53K
Depreciation, depletion and amortizationLn 22$171K
InsuranceLn 23$59K
Other expenses (24a–d)Ln 24$153K
All other expensesLn 24e$20K
Total functional expensesLn 25$760K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $848K$760K$88K$1.2M 990 PDF
FY2023 $839K$776K$63K$1.1M 990 PDF
FY2022 $775K$876K−$102K$991K 990 PDF
FY2021 $689K$679K$10K$1.1M 990 PDF
FY2020 $577K$671K−$94K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $847,885 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $229,525$838,405
I-10 Investment incomePrior year $6,055$9,480
I-11 Other revenuePrior year $603,179$0
I-12 Total revenuePrior year $838,759$847,885
I-13 Grants and similar amounts paidPrior year $11,816$5,092
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $764,060$754,431
I-18 Total expensesPrior year $775,876$759,523
I-19 Revenue less expensesPrior year $62,883$88,362
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $847,885 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $838,405$838,405
VIII-3 Investment incomeUnrelated business $7,919$7,919
VIII-7 Net gain or loss on sales of assetsUnrelated business $1,561$1,561
VIII-12 Total revenueRelated to mission $838,405 · Unrelated business $9,480$847,885
Part IX · Statement of functional expenses $759,523 across 12 lines filed
IX-2 Grants to domestic individuals$5,092
IX-11a Management fees$12,423
IX-11c Accounting fees$7,450
IX-11f Investment management fees$2,574
IX-13 Office expenses$92
IX-16 Occupancy$260,613
IX-19 Conferences, conventions and meetings$16,032
IX-20 Interest$53,093
IX-22 Depreciation, depletion and amortization$171,026
IX-23 Insurance$58,842
IX-24 Other expenses (24a–d)$152,682
IX-24e All other expenses$19,604
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$759,523
Part X · Balance sheet $2,381,829 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $365,247$414,935
X-10c Land, buildings and equipment, netStart of year $1,925,533$1,792,799
X-11 Publicly traded securitiesStart of year $159,532$168,638
X-15 Other assetsStart of year $8,186$5,457
X-16 Total assetsStart of year $2,458,498$2,381,829
X-17 Accounts payable and accrued expensesStart of year $12,530$50,185
X-25 Other liabilitiesStart of year $39,959$31,270
X-26 Total liabilitiesStart of year $1,384,604$1,208,761
X-27 Net assets without donor restrictionsStart of year $914,362$1,003,236
X-28 Net assets with donor restrictionsStart of year $159,532$169,832
X-32 Total net assets or fund balancesStart of year $1,073,894$1,173,068
X-33 Total liabilities and net assetsStart of year $2,458,498$2,381,829
Part XI · Reconciliation of net assets $1,173,068 net assets at year end
XI-1 Total revenue$847,885
XI-2 Total expenses$759,523
XI-3 Revenue less expenses$88,362
XI-4 Net assets at start of year$1,073,894
XI-5 Net unrealized gains (losses) on investments$10,812
XI-10 Net assets at end of year$1,173,068

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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