2025-04-09T18:04:23-05:00 2024-05-31 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2023-06-01 131496610 ZETA BETA TAU FRATERNITY INC ZETA 3173341898 1320 CITY CENTER DR SUITE 225 CARMEL IN 46032 SETH LEVINE TREASURER - CURRENT 3173341898 2025-04-01 1 1 CASSE TATE P01271193 3175802000 2025-04-01 2023 2025-03-06 01:10:19Z SETH LEVINE 1320 CITY CENTER DR SUITE 225 CARMEL IN 46032 2607234 0 0158 X WWW.ZBT.ORG X 1898 NY TO FOSTER AND DEVELOP IN ITS MEMBERSHIP THE TENETS OF ITS CREDO: INTELLECTUAL AWARENESS, SOCIAL RESPONSIBILITY, INTEGRITY, AND BROTHERLY LOVE, IN ORDER TO PREPARE ITS MEMBERS FOR POSITIONS OF LEADERSHIP AND SERVICE WITHIN THEIR COMMUNITIES. 14 14 15 150 41514 0 470221 216614 2422989 2341938 6905 17192 44139 28314 2944254 2604058 6500 0 0 0 959436 1056537 0 0 0 1642380 1825608 2608316 2882145 335938 -278087 2736822 2597533 1252880 1511983 1483942 1085550 TO FOSTER AND DEVELOP IN ITS MEMBERSHIP THE TENETS OF ITS CREDO: INTELLECTUAL AWARENESS, SOCIAL RESPONSIBILITY, INTEGRITY, AND BROTHERLY LOVE, IN ORDER TO PREPARE ITS MEMBERS FOR POSITIONS OF LEADERSHIP AND SERVICE WITHIN THEIR COMMUNITIES. 0 0 NATIONAL OVERSIGHT TO THE LOCAL CHAPTERS OF ZETA BETA TAU FRATERNITY TO COORDINATE MEMBERSHIP ACTIVITIES AND GOALS, AND TO PROVIDE ADMINISTRATIVE COORDINATION AND FINANCIAL ASSISTANCE. THE FRATERNITY CONDUCTS A RISK MANAGEMENT PROGRAM FOR ITS MEMBER CHAPTERS TO ENABLE THEM TO MAXIMIZE THE USE OF THEIR PROPERTY DEDICATED TO THE EXEMPT PURPOSE. THE FRATERNITY CONDUCTS LEADERSHIP AND EDUCATIONAL PROGRAMS FOR ITS MEMBERS TO ENHANCE THEIR INDIVIDUAL INTELLECTUAL, CHARACTER, AND LEADERSHIP SKILLS. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 15 1 1 1 0 0 0 1 1 544000 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 IN X THE ORGANIZATION 3173341898 1320 CITY CENTER DR SUITE 225 CARMEL IN 46032 JONATHAN D FRIEDEN PRESIDENT 10.00 X X 0 0 0 BARRY M AARONS VICE PRESIDENT 2.00 X X 0 0 0 WILLIAM F SULLIVAN III VICE PRESIDENT 2.00 X X 0 0 0 ZACHARY P NAHMIAS SECRETARY 2.00 X X 0 0 0 CRAIG J WILD TREASURER 2.00 X X 0 0 0 BERNARD E WEISSMAN DIRECTOR 1.00 X 0 0 0 SETH LEVINE DIRECTOR 1.00 X 0 0 0 MARTIN FROST III DIRECTOR 1.00 X 0 0 0 LAURENCE A BOLOTIN DIRECTOR 1.00 X 0 0 0 SCOTT E SILBERFEIN DIRECTOR 1.00 X 0 0 0 JEFFREY MARKS HARBERG DIRECTOR 1.00 X 0 0 0 BENJAMIN WOODEN COOK DIRECTOR 1.00 X 0 0 0 MATTHEW ISAIAH PARDO DIRECTOR 1.00 X 0 0 0 JOSHUA ANDREW ROSEMAN DIRECTOR 1.00 X 0 0 0 ELIZABETH ANDERSON CHIEF EXECUTIVE DIRECTOR 40.00 X 202208 0 29048 202208 0 29048 1 0 1 0 0 216614 216614 RISK MANAGEMENT FEES 900099 1066706 1066706 MEMBERSHIP DUES INCOME 900099 1008051 1008051 PROGRAM INCOME 900099 213747 213747 53434 53434 2341938 17192 17192 24322 24322 7168 3176 3992 3992 2604058 2345930 41514 0 235291 679854 28090 28936 84366 7807 20625 39467 11253 54714 64727 104234 215934 408291 3992 17702 458216 SPECIAL PROJECTS 127386 INSURANCE CLAIMS 113000 ALUMNI EVENTS 20809 STAFF DEVELOPMENT 17955 139496 2882145 366761 270035 671749 693980 179492 217847 162628 258323 389075 325975 72373 63100 1283819 1094248 2736822 2597533 143442 126782 55070 86301 1054368 1298900 1252880 1511983 X 1483942 1085550 1483942 1085550 2736822 2597533 -278087 -120305 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 238561 217692 20869 150514 108283 42231 63100 DUE FROM AFFILIATES 74632 OPERATING LEASE RIGHT-OF-USE ASSET 770549 ERC RECEIVABLE 249067 1094248 EIDL LOAN 140929 OPERATING LEASE LIABILITY 835069 DUE TO AFFILIATES 209902 ACCRUED RISK MANAGEMENT 113000 1298900 X 2607234 3176 3176 2604058 0 2604058 2885321 3176 3176 2882145 0 2882145 PART X, LINE 2: THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME DURING THE YEARS ENDED MAY 31, 2024 AND 2023. NET INVESTMENT AND ROYALTY INCOME ARE CONSIDERED UNRELATED BUSINESS INCOME UNLESS SET ASIDE TO BE USED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE FRATERNITY DESIGNATED THAT ALL NET INVESTMENT AND ROYALTY INCOME FOR THE YEAR ENDED MAY 31, 2024 AND 2023, BE SET ASIDE AND AVAILABLE FOR THE PURPOSES DISCLOSED IN AND AVAILABLE FOR SCHOLARSHIPS, LOANS ON CHAPTER HOUSES, LEADERSHIP AND CITIZENSHIP SCHOOLS AND SERVICES, AND OTHER EDUCATIONAL ACTIVITIES. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES RELATED TO NET INVESTMENT AND ROYALTY INCOME. THE FRATERNITY FILES U.S. FEDERAL AND INDIANA INFORMATION TAX RETURNS. THE FRATERNITY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR FISCAL YEARS BEFORE THE YEAR ENDED MAY 31, 2021. MANAGEMENT BELIEVES THAT THE FRATERNITY'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,176. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 3,176. X X X X X 0 0 0 ELIZABETH ANDERSON CHIEF EXECUTIVE DIRECTOR 184208 0 18000 0 0 0 18187 0 10861 0 231256 0 0 0 PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH EVALUATES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION COMMITTEE RECOMMENDATIONS ARE THEN BROUGHT BEFORE THE SUPREME COURT COUNCIL FOR APPROVAL. FORM 990, PART VI, SECTION A, LINE 6 ZETA BETA TAU FRATERNITY IS A MEMBER-BASED ORGANIZATION. EACH CHAPTER (REGIONAL COLLECTION OF MEMBERS) IS ENTITLED TO A VOTE FOR THE ELECTION OF THE FRATERNITY'S OFFICERS AND OTHER MEMBERS OF THE SUPREME COUNCIL. THIS IS THE ONLY EXTENT TO WHICH MEMBERS PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. MEMBERS HAVE NO RIGHTS TO RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A AS DISCUSSED ON SCHEDULE O FOR PART VI SECTION A LINE 6, EACH CHAPTER OF THE ZETA BETA TAU FRATERNITY IS ENTITLED TO ONE VOTE ON THE ELECTION OF THE FRATERNITY'S OFFICERS AND OTHER MEMBERS OF THE SUPREME COUNCIL. FORM 990, PART VI, SECTION B, LINE 11B THE SUPREME COUNCIL REVIEWS A COPY OF FORM 900 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED AND SUBMITTED ANNUALLY BY SUPREME COUNCIL MEMBERS. ANY CONFLICTS ARE ADDRESSED ON A CASE-BY-CASE BASIS AND ARE PROMPTLY RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHICH EVALUATES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION COMMITTEE RECOMMENDATIONS ARE THEN BROUGHT BEFORE THE SUPREME COURT COUNCIL FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS ANNUAL FORM(S) 990 AND 990-T (IF APPLICABLE) AND ITS FORM 1024 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C EXPLANATION THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT PROCESS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.