Civic Intelligence

Psi Upsilon Tr Association of Syracuse

990 • Fiscal year 2017 • EIN 15-0536145

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 10, 2017

C/O Sciarabba Walker 410 E UplandIthaca, NY 14850

(607) 272-5550

Siviq Scores

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

Liabilities / Assets

69th percentile

0.25x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.48x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2017

Net Margin

64th percentile

10%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2017

Asset Growth

53rd percentile

2.8%

Faster asset growth than 53% of similar nonprofits.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-14%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$776,243

Up $21,239 (+2.8%) from 2016

Net Assets

Up

$584,537

Up $40,404 (+7.4%) from 2016

Liabilities

Down

$191,706

Down $19,165 (-9.1%) from 2016

Revenue

Down

$398,445

Down $65,621 (-14%) from 2016

Expenses

Down

$358,041

Down $75,199 (-17%) from 2016

Net Income

Up

$40,404

Up $9,578 (+31%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $382,247Liabilities 2011: $32,391Net Assets 2011: $349,8562011Assets 2012: $409,985Liabilities 2012: $20,621Net Assets 2012: $389,3642012Assets 2013: $644,916Liabilities 2013: $214,503Net Assets 2013: $430,4132013Assets 2014: $750,423Liabilities 2014: $278,057Net Assets 2014: $472,3662014Assets 2015: $741,738Liabilities 2015: $228,431Net Assets 2015: $513,3072015Assets 2016: $755,004Liabilities 2016: $210,871Net Assets 2016: $544,1332016Assets 2017: $776,243Liabilities 2017: $191,706Net Assets 2017: $584,5372017Assets 2018: $789,006Liabilities 2018: $156,657Net Assets 2018: $632,3492018Assets 2019: $860,814Liabilities 2019: $153,443Net Assets 2019: $707,3712019Assets 2020: $819,118Liabilities 2020: $101,719Net Assets 2020: $717,3992020Assets 2021: $849,229Liabilities 2021: $111,227Net Assets 2021: $738,0022021Assets 2022: $881,413Liabilities 2022: $147,938Net Assets 2022: $733,4752022Assets 2023: $1,003,154Liabilities 2023: $167,781Net Assets 2023: $835,3732023Assets 2025: $1,081,378Liabilities 2025: $180,708Net Assets 2025: $900,6702025

Highlighted filing

2017

Assets$776,243
Liabilities$191,706
Net Assets$584,537

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $280,479Expenses 2011: $248,456Net Income 2011: $32,0232011Revenue 2012: $249,292Expenses 2012: $209,784Net Income 2012: $39,5082012Revenue 2013: $339,998Expenses 2013: $298,949Net Income 2013: $41,0492013Revenue 2014: $374,192Expenses 2014: $332,240Net Income 2014: $41,9522014Revenue 2015: $427,011Expenses 2015: $386,069Net Income 2015: $40,9422015Revenue 2016: $464,066Expenses 2016: $433,240Net Income 2016: $30,8262016Revenue 2017: $398,445Expenses 2017: $358,041Net Income 2017: $40,4042017Revenue 2018: $385,704Expenses 2018: $337,373Net Income 2018: $48,3312018Revenue 2019: $451,330Expenses 2019: $376,308Net Income 2019: $75,0222019Revenue 2020: $388,154Expenses 2020: $378,126Net Income 2020: $10,0282020Revenue 2021: $361,787Expenses 2021: $341,182Net Income 2021: $20,6052021Revenue 2022: $403,201Expenses 2022: $407,728Net Income 2022: -$4,5272022Revenue 2023: $528,541Expenses 2023: $431,715Net Income 2023: $96,8262023Revenue 2025: $494,397Expenses 2025: $457,912Net Income 2025: $36,4852025

Highlighted filing

2017

Revenue$398,445
Expenses$358,041
Net Income$40,404
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$398,445
Mission and Program Overview

Mission

SEE BELOW.

The brothers of psi upsilon are a select group of individuals sharing similar ideals, hopes, and purposes, bonded together by deep friendship and mutual understanding. Such a bond provides the foundation which enables the college student to become a poised and self-confident adult, equipped with a keener mind, a greater appreciation, and broader sympathies. This bond is further fortified by a group of true and understanding friends who will stand by him throughout life. The outward manifestation of the philosophical underpinnings of psi upsilon are the ways in which we treat ourselves, each other, and those around us.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$712,154$719,194▲ $7,040
Rtn Earn Endowment Incm Other Fnds$544,133$584,537▲ $40,404
Loans From Officers Directors$75,071$80,071▲ $5,000
Accounts Receivable$28,515$34,897▲ $6,382
Cash and Non-Interest-Bearing Accounts$14,299$10,608▼ $3,691
Savings and Temporary Cash Investments$36$9,994▲ $9,958
Prepaid Expenses and Deferred Charges-$1,550-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$755,004$776,243▲ $21,239
Liabilities
Unsecured Notes Loans Payable$103,475$73,362▼ $30,113
Other Liabilities$21,670$31,420▲ $9,750
Accounts Payable and Accrued Expenses$10,655$6,853▼ $3,802
Total Liabilities$210,871$191,706▼ $19,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$544,133$584,537▲ $40,404
Total Liabilities and Net Assets / Fund Balance$755,004$776,243▲ $21,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$685,554$479,854$1,165,408
Other Land Buildings$13,229$40,984$54,213
Equipment$10,411$32,147$42,558
Land$10,000-$10,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paul SuitesPresident
Adam Leger2nd Vice President
Christopher Rettinger3rd Vice President/secretary
Jordan Brownjordan Brownjordan BrVice President
Patrick CondyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,717
Program Service Revenue
$371,726
Investment Income
$2
Other Revenue
$0
All Other Contributions
$26,717
Change in Net Assets
$40,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$108,279
Depreciation Depletion---$26,173
Fees for Services Accounting---$15,600
All Other Expenses---$13,795
Insurance---$11,520
Other Expenses---$10,330
Fees for Services Other---$6,538
Interest---$4,336
Conferences and Meetings---$1,900
Travel---$236
Total Functional Expenses$0$0$0$358,041
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$75,071$80,071▲ $5,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$31,420
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

MEMBERS

Form 990, Part VI, Section A, Line 7A

Members elect the governing body

Form 990, Part VI, Section A, Line 7B

Members approve decisions of governing body

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The return is presented to the governing body for review and distribution before filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Psi Upsilon Trust Association
EIN
15-0536145
Phone
6072725550
Address
C/O SCIARABBA WALKER 410 E UPLAND, ITHACA, NY 14850

Signing Officer

Name
Joseph Beek
Title
Treasurer
Phone
6072725550
Signed
2017-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Beek
Formed
1885
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Carolyn Austin
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Initiation 6,369. Bad debt / write off 3,651. Composite 1,100. Discount per contract 1,050. Stationary 642. Unity (brotherhood) 500. Nys corp. Tax 250. Officers fund 233.

Raw XML Appendix377 raw XML fields

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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1FOR SUPPLIES AND MAINTENANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2FOR CAPITAL IMPROVEMENTS TO FACILITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3FOR CAPITAL IMPROVEMENTS TO FACILITY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt12071
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt225000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt35000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JAMES CORNACCHIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES CORNACCHIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2JAMES CORNACCHIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3JAMES CORNACCHIA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0NONE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1NONE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2NONE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3NONE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd30
IRS990ScheduleL/TotalBalanceDueAmt080071
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS APPROVE DECISIONS OF GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE RETURN IS PRESENTED TO THE GOVERNING BODY FOR REVIEW AND DISTRIBUTION BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INITIATION 6,369. BAD DEBT / WRITE OFF 3,651. COMPOSITE 1,100. DISCOUNT PER CONTRACT 1,050. STATIONARY 642. UNITY (BROTHERHOOD) 500. NYS CORP. TAX 250. OFFICERS FUND 233.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0755004
IRS990/TotalAssetsEOYAmt0776243
IRS990/TotalAssetsGrp/BOYAmt0755004
IRS990/TotalAssetsGrp/EOYAmt0776243
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt026717
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358041
IRS990/TotalGrossUBIAmt02
IRS990/TotalLiabilitiesBOYAmt0210871
IRS990/TotalLiabilitiesEOYAmt0191706
IRS990/TotalLiabilitiesGrp/BOYAmt0210871
IRS990/TotalLiabilitiesGrp/EOYAmt0191706
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0544133
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0584537
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0521
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0521
IRS990/TotalProgramServiceRevenueAmt0371726
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371726
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0398445
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0755004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0776243
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0236
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0103475
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt073362
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
IRS990/USAddress/CityNm0ITHACA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014850
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PSIU.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH BEEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06072725550
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PSI UPSILON TRUST ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0PSIU
ReturnHeader/Filer/EIN0150536145
ReturnHeader/Filer/PhoneNum06072725550
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O SCIARABBA WALKER 410 E UPLAND
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0658A23089B7FDC95358AEC0628F1F5EC812431AD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId096FE4B5C0DBFFD1A80996EF50658D01FDC272BE1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.152.125.150
ReturnHeader/FilingSecurityInformation/IPDt02017-11-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm008:52:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN AUSTIN
ReturnHeader/ReturnTs02017-11-10T07:53:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.18$0.90$0.49$0.46$0.04
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.17$0.84$0.53$0.43$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.15$0.73$0.40$0.41$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.11$0.74$0.36$0.34$0.02
2020Summary only. Only limited summary data is available for this year.$0.82$0.10$0.72$0.39$0.38$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.15$0.71$0.45$0.38$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.16$0.63$0.39$0.34$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.78$0.19$0.58$0.40$0.36$0.04
2016Summary only. Only limited summary data is available for this year.$0.76$0.21$0.54$0.46$0.43$0.03
2015Summary only. Only limited summary data is available for this year.$0.74$0.23$0.51$0.43$0.39$0.04
2014Summary only. Only limited summary data is available for this year.$0.75$0.28$0.47$0.37$0.33$0.04
2013Summary only. Only limited summary data is available for this year.$0.64$0.21$0.43$0.34$0.30$0.04
2012Summary only. Only limited summary data is available for this year.$0.41$0.02$0.39$0.25$0.21$0.04
2011Summary only. Only limited summary data is available for this year.$0.38$0.03$0.35$0.28$0.25$0.03