Zeta Psi Educational Foundation
Zeta Psi Educational Foundation shows consistent asset growth and zero reported officer compensation over a decade of fluctuating revenues.
EIN: 131832953 · Pearl River, NY · NTEE: B80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $7.6M |
| Transparency Score | 90/100 |
Is Zeta Psi Educational Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zeta Psi Educational Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zeta Psi Educational Foundation
Zeta Psi Educational Foundation (EIN: 131832953) is a nonprofit organization based in Pearl River, NY, classified under NTEE code B80Z. The organization reported total revenue of $2.6M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zeta Psi Educational Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zeta Psi Educational Foundation is a mid-size nonprofit that has been operating for 77 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$143K |
| Total Assets | $7.7M |
| Total Liabilities | $88K |
| Net Assets | $7.6M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 68.0 months |
Financial Health Grade: A
In 2023, Zeta Psi Educational Foundation reported a surplus of $143K with revenue exceeding expenses, holds 68.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Zeta Psi Educational Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.7% | +18.4% | -7.2% |
| 2022 | +159.9% | +56.5% | +1.0% |
| 2021 | +22.6% | -32.0% | +21.4% |
| 2020 | -25.6% | +17.7% | -7.7% |
| 2019 | +39.5% | +17.6% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1949 |
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 Psi Educational Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Zeta Psi Educational Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $143K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through an affiliated entity, which significantly reduces direct administrative overhead for the foundation.
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 Psi Educational Foundation's IRS 990 filings:
- Significant year-to-year revenue volatility, which could impact long-term program planning if not managed with substantial reserves.
Strengths
The following positive indicators were identified for Zeta Psi Educational Foundation:
- Consistent asset growth over a decade, demonstrating strong financial stewardship.
- Zero reported officer compensation across all filings, indicating high operational efficiency and potentially volunteer leadership.
- Generally keeps expenses below revenue, contributing to financial stability and asset accumulation.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Long history of IRS 990 filings, indicating transparency and compliance.
Frequently Asked Questions about Zeta Psi Educational Foundation
Is Zeta Psi Educational Foundation a legitimate charity?
Zeta Psi Educational Foundation (EIN: 131832953) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.6M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Zeta Psi Educational Foundation spend its money?
Zeta Psi Educational Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Zeta Psi Educational Foundation tax-deductible?
Zeta Psi Educational Foundation is registered as a tax-exempt nonprofit (EIN: 131832953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Zeta Psi Educational Foundation's spending goes to programs?
Zeta Psi Educational Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Zeta Psi Educational Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Zeta Psi Educational Foundation is above average for NTEE category B80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Zeta Psi Educational Foundation located?
Zeta Psi Educational Foundation is headquartered in Pearl River, New York and files with the IRS under EIN 131832953. It is classified under NTEE code B80Z.
How many years of IRS 990 filings does Zeta Psi Educational Foundation have?
Zeta Psi Educational Foundation has 12 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.
Is Zeta Psi Educational Foundation a good charity?
Based on the available data, Zeta Psi Educational Foundation appears to be a well-managed charity. It consistently grows its assets, maintains low liabilities, and reports zero officer compensation, suggesting high efficiency and a strong commitment to its mission.
How does Zeta Psi Educational Foundation manage its expenses?
The foundation generally manages its expenses effectively, often keeping them below revenue, as seen in 2023 ($1,357,647 expenses vs. $1,500,487 revenue). The absence of officer compensation is a key factor in its apparent spending efficiency.
What is the trend in Zeta Psi Educational Foundation's assets?
The foundation's assets have shown a consistent upward trend over the past decade, growing from $6,168,538 in 2014 to $8,853,287 currently, indicating strong financial health and accumulation of resources.
Why does Zeta Psi Educational Foundation's revenue fluctuate so much?
The significant fluctuations in revenue (e.g., $2,264,259 in 2022 down to $871,280 in 2021) suggest that the organization may rely on variable funding sources, such as large individual donations, grants, or investment returns, rather than highly consistent recurring revenue.
Filing History
IRS 990 filing history for Zeta Psi Educational Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Zeta Psi Educational Foundation's revenue has grown by 498.9%, moving from $251K to $1.5M. Total assets increased by 54.7% over the same period, from $5.0M to $7.7M. Total functional expenses rose by 97.8%, from $686K to $1.4M. In its most recent filing year (2023), Zeta Psi Educational Foundation reported a surplus of $143K, with revenue exceeding expenses. The organization holds $88K in liabilities against $7.7M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $7.7M | $88K | — | View 990 |
| 2022 | $2.3M | $1.1M | $8.3M | $165K | — | View 990 |
| 2021 | $871K | $733K | $8.2M | $48K | — | View 990 |
| 2020 | $711K | $1.1M | $6.8M | $61K | — | View 990 |
| 2019 | $955K | $916K | $7.3M | $118K | — | View 990 |
| 2018 | $685K | $779K | $7.6M | $14K | — | View 990 |
| 2017 | $1.2M | $722K | $8.0M | $29K | — | View 990 |
| 2016 | $2.0M | $855K | $7.2M | $43K | — | View 990 |
| 2015 | $1.3M | $905K | $6.5M | $15K | — | View 990 |
| 2014 | $1.3M | $848K | $6.2M | $48K | — | View 990 |
| 2013 | $1.6M | $816K | $5.8M | $158K | — | View 990 |
| 2012 | $251K | $686K | $5.0M | $76K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $7.7M (revenue -33.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $1.1M, and assets of $8.3M (revenue +159.9% year-over-year).
- 2021: Revenue of $871K, expenses of $733K, and assets of $8.2M (revenue +22.6% year-over-year).
- 2020: Revenue of $711K, expenses of $1.1M, and assets of $6.8M (revenue -25.6% year-over-year).
- 2019: Revenue of $955K, expenses of $916K, and assets of $7.3M (revenue +39.5% year-over-year).
- 2018: Revenue of $685K, expenses of $779K, and assets of $7.6M (revenue -43.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $722K, and assets of $8.0M (revenue -38.8% year-over-year).
- 2016: Revenue of $2.0M, expenses of $855K, and assets of $7.2M (revenue +55.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $905K, and assets of $6.5M (revenue -0.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $848K, and assets of $6.2M (revenue -19.8% year-over-year).
- 2013: Revenue of $1.6M, expenses of $816K, and assets of $5.8M (revenue +539.5% year-over-year).
- 2012: Revenue of $251K, expenses of $686K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zeta Psi Educational Foundation:
Data Sources and Methodology
This transparency report for Zeta Psi Educational Foundation 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.