Liabilities / Assets
36th percentile
Higher debt load relative to assets than 36% of similar nonprofits.
The Psi Upsilon Foundation Inc
990 • Fiscal year 2021 • EIN 05-6013135
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
47th percentile
Higher debt load relative to revenue than 47% of similar nonprofits.
Net Margin
68th percentile
Higher net margin than 68% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
72nd percentile
Faster asset growth than 72% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Balance Sheet
Assets
Up$2,153,504
Up $416,948 (+24%) from 2020
Net Assets
Up$2,110,808
Up $461,369 (+28%) from 2020
Liabilities
Down$42,696
Down $44,421 (-51%) from 2020
Revenue And Expenses
Revenue
Up$558,974
Up $199,647 (+56%) from 2020
Expenses
Up$423,656
Up $24,315 (+6.1%) from 2020
Net Income
Up$135,318
Up $175,332 (+438%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- Oct 15, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $558,974
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,408,798 | $1,760,624 | ▲ $351,826 |
| Land, Buildings, and Equipment, Net | $152,212 | $146,605 | ▼ $5,607 |
| Cash and Non-Interest-Bearing Accounts | $97,569 | $134,305 | ▲ $36,736 |
| Pledges and Grants Receivable | $51,974 | $105,245 | ▲ $53,271 |
| Accounts Receivable | $26,003 | $6,725 | ▼ $19,278 |
| Total Assets | $1,736,556 | $2,153,504 | ▲ $416,948 |
| Liabilities | |||
| Other Liabilities | $42,750 | - | - |
| Accounts Payable and Accrued Expenses | $44,367 | $42,696 | ▼ $1,671 |
| Total Liabilities | $87,117 | $42,696 | ▼ $44,421 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $1,536,895 | $1,991,879 | ▲ $454,984 |
| Net Assets Without Donor Restrictions | $112,544 | $118,929 | ▲ $6,385 |
| Total Net Assets Fund Balance | $1,649,439 | $2,110,808 | ▲ $461,369 |
| Total Liabilities and Net Assets / Fund Balance | $1,736,556 | $2,153,504 | ▲ $416,948 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $54,607 | $373,406 | $428,013 |
| Land | $86,933 | - | $86,933 |
| Equipment | - | $45,042 | $45,042 |
| Leasehold Improvements | $3,234 | $4,281 | $7,515 |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $1,536,895 | $171,183 | ▲ $366,731 | - | $1,946,879 |
| 2019 | $1,464,187 | $48,921 | ▲ $95,347 | - | $1,536,895 |
| 2018 | $1,521,388 | $4,075 | ▲ $97,865 | - | $1,464,187 |
| 2017 | $1,436,414 | $13,025 | ▲ $116,971 | - | $1,521,388 |
| 2016 | $1,346,825 | $24,414 | ▲ $145,414 | - | $1,436,414 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Alexander C Senchak | Chair and Pr |
| Patrick J Gilrane | Chairman Eme |
| Matthew John Eckenrode | Vice Chairma |
| Douglas M Jackman | Director |
| Garrett W Gleim | Director |
| Gary G Pan | Director |
| Lawrence D Rakers | Director |
| J Martin Brayboy | Secretary |
| John Fh Ong | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $489,794
- Program Service Revenue
- $0
- Investment Income
- $40,680
- Other Revenue
- $28,500
- All Other Contributions
- $489,794
- Change in Net Assets
- $135,318
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $558,974
- Revenue Not Reported on Form 990
- $326,051
- Total Revenue per Audited Statements
- $885,025
- Total Revenue per Form 990
- $558,974
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $219,621 |
| Salaries, Compensation, and Employee Benefits | $162,035 |
| Total Fundraising Expense | $132,722 |
| Grants and Similar Amounts Paid | $42,000 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $68,354 | $34,177 | $34,177 | $136,708 |
| Office Expenses | $10,826 | $11,095 | $75,027 | $96,948 |
| Grants to Domestic Orgs | $42,000 | - | - | $42,000 |
| Fees for Services Accounting | $12,782 | $15,977 | $3,195 | $31,954 |
| Occupancy | $8,439 | $4,220 | $4,220 | $16,879 |
| Other Employee Benefits | $7,064 | $3,532 | $3,532 | $14,128 |
| Fees for Services Legal | $6,020 | $2,408 | $3,612 | $12,040 |
| Payroll Taxes | $5,599 | $2,800 | $2,800 | $11,199 |
| Insurance | $6,496 | $1,123 | $1,123 | $8,742 |
| Depreciation Depletion | $3,031 | $2,273 | $2,273 | $7,577 |
| Fees for Services Other | $1,125 | $150 | $225 | $1,500 |
| Travel | $742 | $247 | $247 | $1,236 |
| Conferences and Meetings | $285 | $214 | $214 | $713 |
| Other Expenses | $640 | $889 | $889 | $640 |
| All Other Expenses | $120 | $60 | $60 | $240 |
| Total Functional Expenses | $177,558 | $113,376 | $132,722 | $423,656 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $423,656 |
| Total Expenses per Audited Statements | $423,656 |
| Total Expenses per Form 990 | $423,656 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Psi Upsilon Fraternity | Indianapolis, IN | - | Educational Programs | $42,000 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- 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'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 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'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
- 1389 W 86TH STREET 345, INDIANAPOLIS, IN 46260
Signing Officer
- Name
- John Fh Ong
- Title
- Treasurer
- Phone
- 3175711833
- Signed
- 2021-10-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Alexander C Senchak
- Formed
- 1958
- Legal Domicile
- In
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 3
- Volunteers
- 50
Preparer
- Firm
- Petrow Kane Leemhuis Pc
- Address
- 8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
- Preparer
- Michael D Barton
- 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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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 146605 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 569473 |
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| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | true |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2110808 |
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| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 28500 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 326051 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 112544 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 118929 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 4220 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 8439 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 16879 |
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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 11095 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 10826 |
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| IRS990/Organization501c3Ind | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 3532 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 7064 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 14128 |
| IRS990/OtherExpensesGrp/Desc | 0 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 1 | CREDIT CARD FEES |
| IRS990/OtherExpensesGrp/Desc | 2 | SOFTWARE SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | KAISER FUND EXPENSES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 1128 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 889 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 33083 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 1128 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 889 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 2257 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1778 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 640 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 33083 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4513 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 3556 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 640 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 42750 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 34177 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 34177 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 68354 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 136708 |
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| IRS990/OwnWebsiteInd | 0 | X |
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| IRS990/PrincipalOfficerNm | 0 | ALEXANDER C SENCHAK |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | GRANTS 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. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 42000 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 42000 |
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| IRS990/PYInvestmentIncomeAmt | 0 | 33767 |
| IRS990/PYOtherExpensesAmt | 0 | 205671 |
| IRS990/PYOtherRevenueAmt | 0 | 28500 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -40014 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 93526 |
| IRS990/PYTotalExpensesAmt | 0 | 399341 |
| IRS990/PYTotalRevenueAmt | 0 | 359327 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 135318 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
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| IRS990/ReportOtherLiabilitiesInd | 0 | false |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 216266 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 213469 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 241831 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1458420 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 40680 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33767 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 49096 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 52064 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 42921 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 218528 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 117052 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.83010 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.85350 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1391959 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 66461 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 489794 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 297060 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 216266 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1458420 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
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| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 171183 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 1946879 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 366731 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 30310 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1464187 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 48921 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1536895 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 41250 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 95347 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 81641 |
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| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 4075 |
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| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 97865 |
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| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1436414 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 13025 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1521388 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 30000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 116971 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 28122 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1346825 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt | 0 | 24414 |
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| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | 52117 |
| IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 145414 |
| IRS990ScheduleD/EndowmentsHeldRelatedOrgInd | 0 | false |
| IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 45042 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 45042 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 423656 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 86933 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 86933 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 3234 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 4281 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 7515 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 326051 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 54607 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 373406 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 428013 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 326051 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 558974 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 144774 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 423656 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 558974 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 885025 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 423656 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 42000 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | EDUCATIONAL PROGRAMS |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | PSI UPSILON FRATERNITY |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt | 0 | 2 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 352074015 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 3003 EAST 96TH STREET |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 46240 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | A COMMITTEE OF FIVE MEMBERS REVIEWS SCHOLARSHIP APPLICATIONS, WHICH INCLUDE OFFICIAL TRANSCRIPTS AND THREE LETTERS OF RECOMMENDATION. THE COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS AS TO THE RECIPIENTS AND AMOUNTS OF THE AWARDS. THE BOARD REVIEWS THE RECOMMENDATIONS AND APPROVES THE REPORT IF APPROPRIATE. RECIPIENTS MUST VERIFY IN WRITING THAT THEIR GRANTS WERE USED FOR TUITION AND FOR EXCLUSIVELY OTHER EDUCATION EXPENSES. FOR TEXTBOOK GRANTS, THE STAFF REVIEWS BOOKSTORE RECEIPTS TO ENSURE THE FUNDS WERE USED FOR EXCLUSIVELY EDUCATIONAL PURPOSES. FOR GRANTS TO PSI UPSILON FRATERNITY, A SUMMARY AND ACCOUNTING OF EXPENSES FOR EACH GRANT IS RECEIVED AND REVIEWED BY THE FOUNDATION BOARD. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 1, PART I, LINE 2 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MEMBERS INCLUDE DELEGATES TO THE CONVENTION, EXECUTIVE COUNCIL VOTING MEMBERS, ALUMNI ADVISORY BOARD MEMBERS, CHAPTER ALUMNI PRESIDENTS AND THE FOUNDATION'S BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEMBERS ARE DEFINED IN QUESTION VI LINE 6 ABOVE, AND ARE ELECTED ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | PSI UPSILON FOUNDATION'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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PSI UPSILON FOUNDATION 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | PSI UPSILON FOUNDATION'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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
Document Assets
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Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,153,504
- Liabilities
- $42,696
- Net assets
- $2,110,808
- Revenue
- $558,974
- Expenses
- $423,656
- Net income
- $135,318