Overview
What is Zeta Beta Tau Foundation Inc?
Zeta Beta Tau Foundation Inc is a nonprofit organization situated in Carmel, Indiana, with a mission to offer academic scholarships to undergraduate and graduate students who are primarily brothers of the Zeta Beta Tau fraternity. The foundation's purpose is to support the personal development and future leadership potential of its beneficiaries. It accomplishes this by funding scholarships and academic and leadership programs, thereby enriching the overall value of brotherhood within Zeta Beta Tau fraternity and complementing their collegiate educational experience. The foundation also extends its charitable efforts by granting funds to other charitable organizations that align with its philanthropic interests. With a team of eight dedicated individuals, Zeta Beta Tau Foundation Inc strives to make a positive impact on the lives of its members and the broader community.
Official website here: www.zbtfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Zeta Beta Tau Foundation Inc has received an overall rating of 82%, which reflects a strong performance in impact and measurement, scoring 100 in this area. This high score indicates that the organization effectively measures its outcomes and demonstrates significant positive effects from its programs. The foundation's work in providing scholarships is particularly noteworthy, achieving a return of over $1.50 in income for every dollar spent.
However, the organization's accountability and finance score is lower at 60, suggesting some areas for improvement in financial practices or transparency. While the foundation excels in demonstrating its impact, potential donors may want to consider this aspect when assessing the overall stability and governance of the nonprofit.
In summary, Zeta Beta Tau Foundation Inc is making a meaningful impact through its scholarship programs, but it may need to enhance its financial accountability to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Zeta Beta Tau Foundation Inc legitimate?
Zeta Beta Tau Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zeta Beta Tau Foundation Inc 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: $204,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $460,470
For more financial information, click here
Official website here: www.zbtfoundation.org
What is the mission statement of Zeta Beta Tau Foundation Inc?
The Zeta Beta Tau Foundation Inc, a non-profit organization, is dedicated to educational and charitable purposes. Its primary focus is to support the collegiate and alumni brothers of the Zeta Beta Tau Fraternity by funding scholarships and academic and leadership programs. These initiatives aim to enhance the personal development of the brothers, preparing them to become leaders in society. The foundation also extends its philanthropic interests by providing grants to other charitable organizations. The scholarships and programs funded by the foundation augment the overall value of brotherhood in Zeta Beta Tau Fraternity by complementing the collegiate educational experience.
Official website here: www.zbtfoundation.org
Who is the CEO of Zeta Beta Tau Foundation Inc?
Faron Lewitt is the Chief Executive Officer of Zeta Beta Tau Foundation Inc. The CEO's salary of Zeta Beta Tau Foundation Inc is $189,170 and their total compensation is $204,383.
Official website here: www.zbtfoundation.org
What is the revenue of Zeta Beta Tau Foundation Inc?
Zeta Beta Tau Foundation Inc's revenue in 2022 was $798,127.
Official website here: www.zbtfoundation.org
Who are the executives of Zeta Beta Tau Foundation Inc and what are their salaries?
The average compensation at Zeta Beta Tau Foundation Inc during 2022 was $83,107. There are 8 employees and 92 volunteers at Zeta Beta Tau Foundation Inc.
Here are 14 key members and their salaries (Zeta Beta Tau Foundation Inc's CEO's salary is $189,170 and their total compensation is $204,383):
- Compensation: $189,170
- Related: $0
- Other: $15,213
- Compensation: $195,000
- Related: $0
- Other: $3,230
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.zbtfoundation.org
Where can I find the form 990 for Zeta Beta Tau Foundation Inc?
Zeta Beta Tau Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zbtfoundation.org
Learn more at the official website: www.zbtfoundation.org
Mission Statement of Zeta Beta Tau Foundation Inc
Zeta Beta Tau Foundation Inc is a nonprofit organization that is solely dedicated to educational and charitable purposes. Its mission is to support the collegiate and alumni brothers of the Zeta Beta Tau fraternity. The foundation achieves this by funding scholarships and academic and leadership programs, aiming to enhance the personal development of these individuals and prepare them to become leaders in society. By offering these resources, Zeta Beta Tau Foundation Inc aims to increase the overall value of brotherhood within Zeta Beta Tau fraternity, complementing the collegiate educational experience. Furthermore, Zeta Beta Tau Foundation Inc extends its philanthropic interests by granting funds to other charitable organizations.
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Impact
July, 2024
Zeta Beta Tau Foundation Inc has a significant impact on the collegiate and alumni brothers of Zeta Beta Tau Fraternity. By funding scholarships and academic and leadership programs, the foundation maximizes personal development and prepares individuals to be leaders in society. These initiatives enhance the overall value of brotherhood within the fraternity by enriching the collegiate educational experience. Through their philanthropic endeavors and support for charitable organizations, Zeta Beta Tau Foundation Inc is dedicated to fostering educational and charitable purposes that benefit the Zeta Beta Tau community.
This information is meant to be a general summary of Zeta Beta Tau Foundation Inc. 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: -$559,585
- Gross Receipts: $16,182,526
Assets and Liabilities:
- Total Assets: $13,020,785
- Total Liabilities: $245,303
- Net Assets: $12,775,482
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Organization Details
Founding Year
1950
Phone
(317) 334-1898Principal Officer
Faron Lewitt
Main Address
1320 CITY CENTER DRIVE 225, CARMEL, IN, 46032
Website
www.zbtfoundation.orgNTEE Category
Code: B82 - Education
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