Civic Intelligence

The Psi Upsilon Foundation Inc

990 • Fiscal year 2017 • EIN 05-6013135

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 21, 2017

3003 East 96th StreetIndianapolis, IN 46240

(317) 571-1833

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.20x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-30%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$137,003

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 43.9% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

34th percentile

-1.1%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-17%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,760,539

Down $18,776 (-1.1%) from 2016

Net Assets

Down

$1,698,204

Down $29,586 (-1.7%) from 2016

Liabilities

Up

$62,335

Up $10,810 (+21%) from 2016

Revenue

Down

$311,886

Down $62,159 (-17%) from 2016

Expenses

Up

$406,370

Up $2,929 (+0.7%) from 2016

Net Income

Down

-$94,484

Down $65,088 (-221%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,431,615Liabilities 2011: $78,820Net Assets 2011: $1,352,7952011Assets 2012: $1,567,233Liabilities 2012: $75,683Net Assets 2012: $1,491,5502012Assets 2013: $1,708,731Liabilities 2013: $116,303Net Assets 2013: $1,592,4282013Assets 2014: $1,979,719Liabilities 2014: $130,929Net Assets 2014: $1,848,7902014Assets 2015: $1,841,353Liabilities 2015: $69,605Net Assets 2015: $1,771,7482015Assets 2016: $1,779,315Liabilities 2016: $51,525Net Assets 2016: $1,727,7902016Assets 2017: $1,760,539Liabilities 2017: $62,335Net Assets 2017: $1,698,2042017Assets 2019: $1,727,129Liabilities 2019: $99,457Net Assets 2019: $1,627,6722019Assets 2020: $1,736,556Liabilities 2020: $87,117Net Assets 2020: $1,649,4392020Assets 2021: $2,153,504Liabilities 2021: $42,696Net Assets 2021: $2,110,8082021Assets 2022: $2,291,769Liabilities 2022: $65,220Net Assets 2022: $2,226,5492022Assets 2023: $2,384,126Liabilities 2023: $69,577Net Assets 2023: $2,314,5492023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$1,760,539
Liabilities$62,335
Net Assets$1,698,204

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $368,1572011Expenses 2012: $376,2462012Revenue 2013: $439,359Expenses 2013: $397,890Net Income 2013: $41,4692013Revenue 2014: $552,700Expenses 2014: $419,104Net Income 2014: $133,5962014Revenue 2015: $312,664Expenses 2015: $395,398Net Income 2015: -$82,7342015Revenue 2016: $374,045Expenses 2016: $403,441Net Income 2016: -$29,3962016Revenue 2017: $311,886Expenses 2017: $406,370Net Income 2017: -$94,4842017Revenue 2019: $294,018Expenses 2019: $384,217Net Income 2019: -$90,1992019Revenue 2020: $359,327Expenses 2020: $399,341Net Income 2020: -$40,0142020Revenue 2021: $558,974Expenses 2021: $423,656Net Income 2021: $135,3182021Revenue 2022: $1,183,612Expenses 2022: $625,497Net Income 2022: $558,1152022Revenue 2023: $534,026Expenses 2023: $637,332Net Income 2023: -$103,3062023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2017

Revenue$311,886
Expenses$406,370
Net Income-$94,484
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 21, 2017
Return Version
2016v3.0
Gross Receipts
$311,886
Mission and Program Overview

Mission

The psi upsilon foundation provides value based leadership development opportunities, character-building experiences and personal development through experiential learning, educational programs and participation in self-governance. The foundation provides merit and need based scholarships to members who have demonstrated a commitment to moral, intellectual, and social excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,314,141$1,394,940▲ $80,799
Pledges and Grants Receivable$235,534$173,492▼ $62,042
Land, Buildings, and Equipment, Net$177,882$170,582▼ $7,300
Cash and Non-Interest-Bearing Accounts$47,063$15,779▼ $31,284
Accounts Receivable$540$3,085▲ $2,545
Prepaid Expenses and Deferred Charges$4,155$2,661▼ $1,494
Total Assets$1,779,315$1,760,539▼ $18,776
Liabilities
Accounts Payable and Accrued Expenses$21,525$34,835▲ $13,310
Other Liabilities$30,000$27,500▼ $2,500
Total Liabilities$51,525$62,335▲ $10,810
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,269,514$1,338,197▲ $68,683
Unrestricted Net Assets$380,965$261,790▼ $119,175
Temporarily Rstr Net Assets$77,311$98,217▲ $20,906
Total Net Assets Fund Balance$1,727,790$1,698,204▼ $29,586
Total Liabilities and Net Assets / Fund Balance$1,779,315$1,760,539▼ $18,776

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$83,648$344,365$428,013
Land$86,933-$86,933
Equipment$1$45,041$45,042

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,269,513$7,711▲ $133,306-$1,338,197
2015$1,286,060$55,186▼ $12,273-$1,269,513
2014$1,304,724$23,893▲ $36,762-$1,286,060
2013$936,745$277,806▲ $96,327-$1,304,724
2012$716,844$169,933▲ $50,718-$936,745
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark WilliamsPresident anPT$94,235$42,768$137,003

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$241,831
Program Service Revenue
$0
Investment Income
$42,921
Other Revenue
$27,134
All Other Contributions
$241,831
Change in Net Assets
$-94,484

Audited Revenue Reconciliation

Revenue per Audited Statements
$311,886
Revenue Not Reported on Form 990
$64,898
Total Revenue per Audited Statements
$376,784
Total Revenue per Form 990
$311,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,600
Salaries, Compensation, and Employee Benefits$166,270
Total Fundraising Expense$87,348
Grants and Similar Amounts Paid$57,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$58,897$29,449$29,449$117,795
Office Expenses$6,465$4,002$21,608$32,075
Grants to Domestic Orgs$30,000--$30,000
Grants to Domestic Individuals$27,500--$27,500
Occupancy$11,157$5,579$5,579$22,315
Fees for Services Other$6,308$3,201$7,752$17,261
Other Salaries and Wages$6,771$3,385$3,385$13,541
Other Employee Benefits$6,511$3,255$3,255$13,021
Pension Plan Contributions$6,067$3,033$3,033$12,133
Payroll Taxes$4,890$2,445$2,445$9,780
Fees for Services Accounting$3,780$4,725$945$9,450
Depreciation Depletion$2,920$2,190$2,190$7,300
Insurance$2,796$2,127$2,172$7,095
Travel$3,979$1,326$1,326$6,631
All Other Expenses$2,821$1,239$1,857$5,917
Other Expenses$5,056$2,760$1,840$5,056
Fees for Services Legal$854$342$512$1,708
Total Functional Expenses$204,964$114,058$87,348$406,370

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$406,370
Total Expenses per Audited Statements$406,370
Total Expenses per Form 990$406,370
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Psi Upsilon FraternityIndianapolis, IN-Educational Programs$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$27,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members include delegates to the convention, executive council voting members, alumni advisory board members,chapter alumni presidents and the foundation's board of directors.

Form 990, Page 6, Part VI, Line 7A

Members are defined in question vi line 6 above, and are elected annually.

Form 990, Page 6, Part VI, Line 11B

Psi upsilon foundation, inc.'s form 990 and all related schedules, statements and attachments are reviewed by the president and the board of directors prior to finalizing and filing these tax returns with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Psi upsilon foundation, inc. Annually requests each officer and member of the board of directors to complete a conflict of interest policy questionnaire. The policy includes statements regarding other employment, being related to anyone on the board and other situations that may create an appearance of a potential independence issue. The identification, evaluation and resolution of those issues are discussed with the appropriate level of management or members of the board of directors.

Form 990, Page 6, Part VI, Line 15A

Psi upsilon foundation, inc.'s board of directors determine and set the president's compensation rates, which are based on periodic thorough reviews of all related issues, salary surveys, consultation with independent persons, review of comparable data and deliberation.

Form 990, Page 6, Part VI, Line 17

Massachusetts, michigan, minnesota, mississippi, new hampshire, new jersey, new mexico, new york, north carolina, oklahoma, oregon, pennsylvania, rhode island, tennessee, utah, virginia, west virginia, wisconsin

Form 990, Page 6, Part VI, Line 19

The foundation makes governing documents, conflict of interest policy and financial statements, as applicable, available to the public by appointment with the president and ceo. The foundation's information is also available via the internet.

Filing and Contact Details

Filer

Filer Name
The Psi Upsilon Foundation Inc
EIN
05-6013135
Phone
3175711833
Address
3003 EAST 96TH STREET, INDIANAPOLIS, IN 46240

Signing Officer

Name
Mark Williams
Title
President and CEO
Phone
3175711833
Signed
2017-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Williams
Formed
1958
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
17

Preparer

Firm
Petrow Kane Leemhuis Pc
Address
8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
Preparer
John S Leemhuis
Phone
3174524700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The psi upsilon foundation provides value based leadership development opportunities, character-building experiences and personal development through experiential learning, educational programs and participation in self-governance. The foundation provides merit and need based scholarships to members who have demonstrated a commitment to moral, intellectual, and social excellence.

Financial Statement Notes

Schedule D, Page 3, Part X

In consideration of asc 740-10-25 accounting for uncertainties in income taxes, management believes that the foundation has not taken any uncertain tax positions that should be recognized in the accompanying financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATIONAL PROGRAMMING PROVIDED BY THE FOUNDATION TO UNDERGRADUATE MEMBERS OF PSI UPSILON FRATERNITY. PROGRAMMING WAS MADE AVAILABLE TO ALL CONVENTION DELEGATES AT THE ANNUAL LEADERSHIP INSTITUTE WHICH FEATURED SESSIONS OF LEADERSHIP SKILLS, AND ORGANIZATIONAL MANAGEMENT. PROFESSIONAL STAFF MAKE ON CAMPUS VISITS AND ARE AVAILABLE FOR CONSULTATION VIA TELEPHONE OR E-MAIL THROUGHOUT THE YEAR.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT AN
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IRS990/MissionDesc0THE PSI UPSILON FOUNDATION PROVIDES VALUE BASED LEADERSHIP DEVELOPMENT OPPORTUNITIES, CHARACTER-BUILDING EXPERIENCES AND PERSONAL DEVELOPMENT THROUGH EXPERIENTIAL LEARNING, EDUCATIONAL PROGRAMS AND PARTICIPATION IN SELF-GOVERNANCE. THE FOUNDATION PROVIDES MERIT AND NEED BASED SCHOLARSHIPS TO MEMBERS WHO HAVE DEMONSTRATED A COMMITMENT TO MORAL, INTELLECTUAL, AND SOCIAL EXCELLENCE.
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IRS990/ProgSrvcAccomActy2Grp/Desc0GRANTS TO PSI UPSILON FRATERNITY TO SUPPORT ITS EDUCATIONAL PROGRAMS AT THE CHAPTER LEVEL. EVERY CHAPTER OF PSI UPSILON FRATERNITY RECEIVED AT LEAST ONE VISIT FROM A PROFESSIONAL STAFF MEMBER. EACH VISIT INCLUDED INSTRUCTION ON CIVIC RESPONSIBILITY, MANAGEMENT OF HUMAN RESOURCES, COMMUNITY SERVICE, FINANCIAL AND RISK MANAGEMENT, EFFECTIVE COMMUNICATION, AND ELIMINATIONS OF DRUG AND ALCOHOL ABUSE AND SEXUAL ASSAULTS. THE CHAPTER PRESIDENT FROM EACH ACTIVE CHAPTER OF PSI UPSILON FRATERNITY WAS INVITED TO A WEEKEND PROGRAM (THE PSI UPSILON ARCHON'S ACADEMY) TO LEARN ADDITIONAL SKILLS IN LEADERSHIP, DELEGATION, CONFLICT RESOLUTION, PARLIAMENTARY PROCEDURE, TIME MANAGEMENT, RISK MANAGEMENT, AND CONSENSUS BUILDING.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SEVENTEEN MEMBERS FROM TEN CHAPTERS RECEIVED SCHOLARSHIP GRANTS AND FOUR MEMBERS FROM THE DARTMOUTH COLLEGE CHAPTER RECEIVED TEXT BOOK GRANTS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN CONSIDERATION OF ASC 740-10-25 ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, MANAGEMENT BELIEVES THAT THE FOUNDATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PSI UPSILON FRATERNITY

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.38$0.07$2.31$0.53$0.64$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.07$2.23$1.18$0.63$0.56
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.04$2.11$0.56$0.42$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.09$1.65$0.36$0.40$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.73$0.10$1.63$0.29$0.38$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.06$1.70$0.31$0.41$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.05$1.73$0.37$0.40$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.07$1.77$0.31$0.40$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.98$0.13$1.85$0.55$0.42$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.12$1.59$0.44$0.40$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.08$1.49$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.08$1.35$0.37