Zeta Beta Tau Fraternity
Zeta Beta Tau Fraternity shows revenue growth and asset increase, but also a significant rise in liabilities.
EIN: 131496610 · Carmel, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.5M |
| Transparency Score | 65/100 |
Is Zeta Beta Tau Fraternity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zeta Beta Tau Fraternity directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Zeta Beta Tau Fraternity
Zeta Beta Tau Fraternity (EIN: 131496610) is a nonprofit organization based in Carmel, IN. The organization reported total revenue of $2.6M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zeta Beta Tau Fraternity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zeta Beta Tau Fraternity is a mid-size nonprofit that has been operating for 86 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$336K |
| Total Assets | $2.7M |
| Total Liabilities | $1.3M |
| Net Assets | $1.5M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 45.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Zeta Beta Tau Fraternity reported a surplus of $336K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 45.8% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2023), Zeta Beta Tau Fraternity's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +2.4% | +70.4% |
| 2022 | -9.4% | +7.2% | +45.7% |
| 2020 | +0.8% | -13.3% | +16.4% |
| 2019 | +0.6% | +0.8% | -18.0% |
| 2018 | -2.8% | +6.7% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1940 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Zeta Beta Tau Fraternity with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Zeta Beta Tau Fraternity allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $336K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.8%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, indicating that the organization's top leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size with revenues nearing $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Zeta Beta Tau Fraternity's IRS 990 filings:
- Significant increase in liabilities from $60,224 in 202005 to $1,252,880 in 202305 without clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere or a lack of transparency in this specific line item.
Strengths
The following positive indicators were identified for Zeta Beta Tau Fraternity:
- Consistent revenue generation, generally maintaining or growing revenue over the past decade.
- Significant growth in assets, more than doubling from $1,102,486 in 202005 to $2,736,822 in 202305.
- Positive net income in the most recent filing (202305), with revenues exceeding expenses by over $330,000.
- Stable financial operations with revenues consistently covering expenses in most years.
Frequently Asked Questions about Zeta Beta Tau Fraternity
Is Zeta Beta Tau Fraternity a legitimate charity?
Zeta Beta Tau Fraternity (EIN: 131496610) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.6M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Zeta Beta Tau Fraternity spend its money?
Zeta Beta Tau Fraternity directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Zeta Beta Tau Fraternity tax-deductible?
Zeta Beta Tau Fraternity is registered as a tax-exempt nonprofit (EIN: 131496610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Zeta Beta Tau Fraternity CEO make?
Zeta Beta Tau Fraternity's highest-compensated officer earns $3 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Zeta Beta Tau Fraternity's spending goes to programs?
Zeta Beta Tau Fraternity directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Zeta Beta Tau Fraternity located?
Zeta Beta Tau Fraternity is headquartered in Carmel, Indiana and files with the IRS under EIN 131496610.
How many years of IRS 990 filings does Zeta Beta Tau Fraternity have?
Zeta Beta Tau Fraternity has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
What caused the significant increase in liabilities from $60,224 in 202005 to $1,252,880 in 202305?
The provided data does not specify the nature of these liabilities, but such a substantial increase warrants further investigation into the organization's financial statements to understand if it relates to debt, deferred revenue, or other obligations.
How does Zeta Beta Tau Fraternity allocate its expenses between program services, administrative costs, and fundraising?
The provided summary data does not include a detailed breakdown of expenses, making it difficult to assess the organization's spending efficiency and program focus. A full IRS Form 990 would provide this detail.
Is the 0% officer compensation reported across all filings accurate, and if so, how are key leadership roles compensated?
While the filings consistently show 0% officer compensation, it's unusual for an organization with revenues of this scale. Further review of the full 990 would be needed to understand if compensation is reported under different categories or if leadership is truly uncompensated.
What is the organization's NTEE code and how does it align with its stated mission?
The NTEE code for Zeta Beta Tau Fraternity is listed as 'Unknown' in the provided data, which limits the ability to benchmark its financial performance against similar organizations in its sector.
Filing History
IRS 990 filing history for Zeta Beta Tau Fraternity showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Zeta Beta Tau Fraternity's revenue has grown by 56.4%, moving from $1.9M to $2.9M. Total assets increased by 136% over the same period, from $1.2M to $2.7M. Total functional expenses rose by 56.9%, from $1.7M to $2.6M. In its most recent filing year (2023), Zeta Beta Tau Fraternity reported a surplus of $336K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $2.7M in assets (debt-to-asset ratio: 45.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.6M | $2.7M | $1.3M | — | View 990 |
| 2022 | $2.5M | $2.5M | $1.6M | $458K | — | View 990 |
| 2020 | $2.7M | $2.4M | $1.1M | $60K | — | — |
| 2019 | $2.7M | $2.7M | $947K | $259K | — | View 990 |
| 2018 | $2.7M | $2.7M | $1.2M | $415K | — | View 990 |
| 2017 | $2.7M | $2.5M | $1.2M | $455K | — | View 990 |
| 2016 | $2.6M | $2.6M | $1.1M | $459K | — | View 990 |
| 2015 | $2.4M | $2.5M | $1.1M | $462K | — | View 990 |
| 2013 | $2.0M | $2.2M | $1.0M | $324K | — | View 990 |
| 2012 | $1.9M | $1.9M | $1.1M | $231K | — | View 990 |
| 2011 | $1.9M | $1.7M | $1.2M | $350K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $2.7M (revenue +19.9% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.5M, and assets of $1.6M (revenue -9.4% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.4M, and assets of $1.1M (revenue +0.8% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $947K (revenue +0.6% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.7M, and assets of $1.2M (revenue -2.8% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.5M, and assets of $1.2M (revenue +5.1% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $1.1M (revenue +7.4% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.5M, and assets of $1.1M (revenue +20.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.2M, and assets of $1.0M (revenue +5.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $1.1M (revenue +1.8% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.7M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zeta Beta Tau Fraternity:
Data Sources and Methodology
This transparency report for Zeta Beta Tau Fraternity is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.