Overview
What is Zeta Psi Educational Foundation?
Zeta Psi Educational Foundation is a nonprofit organization established in 1944, located in Pearl River, New York. It operates under Section 501(C)(3) of the Internal Revenue Code, exempting it from tax liability. The foundation is governed by a volunteer board of trustees with a mission focused on education and charity. Their primary activity involves raising funds through various campaigns, special events, and donor solicitation. A significant portion of these funds is allocated towards scholarships, with 121 students receiving awards ranging from $250 to $5,000 in the recent scholarship program. The foundation's purpose is to support and contribute to educational and charitable causes, contributing to its community in a meaningful way.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Zeta Psi Educational Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid overall performance, particularly in the areas of accountability and finance, where it scored 83%. The organization benefits from having a fully independent board and demonstrates strong financial oversight, without any material diversions of assets. Various policies, including those on conflict of interest and whistleblowing, are well established.
However, the foundation's program expense ratio is notably low, suggesting potential inefficiencies in how resources are allocated to its programs. While its leadership and adaptability scores are perfect, highlighting effective strategies and leadership, the program's overall impact may benefit from improved financial allocation towards direct services. The high scores in culture and community indicate a strong feedback mechanism and a positive organizational environment.
In conclusion, while the Zeta Psi Educational Foundation exhibits strong governance and a robust organizational structure, it could enhance its effectiveness by focusing on increasing its program expenses to further its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Zeta Psi Educational Foundation legitimate?
Zeta Psi Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zeta Psi Educational Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $213,992
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What is the mission statement of Zeta Psi Educational Foundation?
The Zeta Psi Educational Foundation, established in 1944, is a not-for-profit organization with a mission driven by a volunteer board of trustees. Their objective is primarily educational and charitable, and they are exempt from tax liability under Section 501(C)(3) of the Internal Revenue Code. The foundation engages in various fundraising activities, such as publicizing and conducting campaigns, maintaining donor lists, organizing special events, and soliciting contributions from individuals, foundations, corporations, and other entities. Their primary focus is on raising funds to support their educational and charitable objectives.
Who is the CEO of Zeta Psi Educational Foundation?
M Lauck Walton is the President of Zeta Psi Educational Foundation.
What is the revenue of Zeta Psi Educational Foundation?
Zeta Psi Educational Foundation's revenue in 2022 was $2,264,259.
Who are the executives of Zeta Psi Educational Foundation and what are their salaries?
There 50 volunteers at Zeta Psi Educational Foundation.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Zeta Psi Educational Foundation?
Zeta Psi Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zeta Psi Educational Foundation
The Zeta Psi Educational Foundation, established in 1944, is a not-for-profit organization governed by a volunteer board of trustees. Their mission, as a charitable entity exempt from tax liability under Section 501(C)(3) of the Internal Revenue Code, is primarily educational. The organization engages in various fundraising activities, such as publicizing and conducting campaigns, maintaining donor lists, hosting special events, and soliciting contributions from individuals, foundations, corporations, and other entities. The primary objective of these efforts is to further the educational and charitable causes championed by the Zeta Psi Educational Foundation.
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Impact
July, 2024
Zeta Psi Educational Foundation has a significant impact through its scholarship program. In the most recent cycle, the foundation reviewed applications and awarded scholarships to 121 students. These awards ranged in size from $250 to $5,000, providing crucial financial assistance to help students further their education. The Foundation's efforts contribute to the educational and charitable mission set forth by its volunteer Board of Trustees, making a tangible difference in the lives of deserving individuals.
This information is meant to be a general summary of Zeta Psi Educational Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $665,173
- Gross Receipts: $2,482,417
Assets and Liabilities:
- Total Assets: $8,285,772
- Total Liabilities: $165,221
- Net Assets: $8,120,551
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Organization Details
Founding Year
1944
Phone
(845) 735-1847Principal Officer
M Lauck Walton
Main Address
15 SOUTH HENRY STREET, PEARL RIVER, NY, 10965
NTEE Category
Code: B80Z - Education
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