Form 990, Page 6, Part VI, Line 6
“The fraternity has member chapters.”
Scores are not available for this record yet.
Assets
Up$412,988
Up $92,436 (+29%) from 2017
Net Assets
Up$299,237
Up $117,757 (+65%) from 2017
Liabilities
Down$113,751
Down $25,321 (-18%) from 2017
Revenue
Up$650,547
Up $30,164 (+4.9%) from 2017
Expenses
Down$532,790
Down $47,987 (-8.3%) from 2017
Net Income
Up$117,757
Up $78,151 (+197%) from 2017
To provide its members with the opportunity to develop leadership skills, educational excellence, a commitment to their communities, and lifelong friendships.
To provide it's members with the opportunity to develop skills pertaining to moral leadership, intellectual engagement, responsible social conduct, and service to society. In addition fostering a safe environment for our members and encouraging them to build lifelong friendships.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $150,105 | $159,771 | ▲ $9,666 |
| Accounts Receivable | $42,216 | $118,992 | ▲ $76,776 |
| Inventories for Sale or Use | $5,846 | $5,846 | → $0 |
| Total Assets | $320,552 | $412,988 | ▲ $92,436 |
| Other Assets Total | $122,385 | $128,379 | ▲ $5,994 |
| Liabilities | |||
| Other Liabilities | $101,616 | $101,617 | ▲ $1 |
| Accounts Payable and Accrued Expenses | $37,456 | $12,134 | ▼ $25,322 |
| Total Liabilities | $139,072 | $113,751 | ▼ $25,321 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $181,480 | $299,237 | ▲ $117,757 |
| Total Net Assets Fund Balance | $181,480 | $299,237 | ▲ $117,757 |
| Total Liabilities and Net Assets / Fund Balance | $320,552 | $412,988 | ▲ $92,436 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | - | $21,284 | - |
| Other Assets Org | $35,908 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Thomas J Fox | Executive Di | FT | $90,000 | $90,000 |
| Name | Title |
|---|---|
| Evan W Terry | President |
| Gregory P Rupp Dds | Alumni Term |
| Matthew John Eckenrode | Alumni Term |
| Patrick J Gilrane | Alumni Term |
| Samuel J Tinaglia | Alumni Term |
| Bradley R Corner | Honorary Lif |
| Charles a Werner CPA | Honorary Lif |
| Murray L Eskenazi | Honorary Lif |
| William N Wishard Iii | Honorary Lif |
| Charles M Hall | Past Preside |
| David a Brown | Past Preside |
| James a Swanke Jr | Past Preside |
| Mark Bauer | Past Preside |
| Richard a Rasmussen | Past Preside |
| Thomas T Allan Iv | Past Preside |
| Jay R Lapanne | Secretary |
| Lewis R Finkelstein CPA | Treasurer |
| Jeremy K Mckeon | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $373,297 |
| Salaries, Compensation, and Employee Benefits | $159,493 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Insurance | $156,301 | - | - | $156,301 |
| Current Officers, Directors, Trustees, and Key Employees | $90,000 | - | - | $90,000 |
| Other Salaries and Wages | $40,883 | - | - | $40,883 |
| Travel | $34,654 | - | - | $34,654 |
| Fees for Services Other | $33,664 | - | - | $33,664 |
| Office Expenses | $26,608 | - | - | $26,608 |
| Occupancy | $25,000 | - | - | $25,000 |
| Information Technology | $24,038 | - | - | $24,038 |
| Fees for Services Legal | $14,458 | - | - | $14,458 |
| Conferences and Meetings | $13,773 | - | - | $13,773 |
| Payroll Taxes | $11,811 | - | - | $11,811 |
| All Other Expenses | $10,485 | - | - | $10,485 |
| Pension Plan Contributions | $9,178 | - | - | $9,178 |
| Other Employee Benefits | $7,621 | - | - | $7,621 |
| Other Expenses | $4,545 | - | - | $4,545 |
| Total Functional Expenses | $532,790 | $0 | $0 | $532,790 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $532,790 |
| Total Expenses per Audited Statements | $532,790 |
| Total Expenses per Form 990 | $532,790 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Reserve for Insurance Claims | $100,000 |
| Payroll Taxes Payable | $1,617 |
“The fraternity has member chapters.”
“The fraternity's member chapters elect delegates. These delegates then represent the chapter at the annual convention where the delegates elect the board of the fraternity.”
“The fraternity has individual chapters nationwide. The fraternity's role is to guide these chapters with resources and best practices and not to indepedently and individually supervise these chapters.”
“Psi upsilon fraternity's form 990 and all related schedules, statements and attachments are reviewed and approved by the executive director,board treasurer and the board of directors prior to finalizing and filing these tax returns with the internal revenue service.”
“Psi upsilon fraternity annually requests each officer and member of the board of directors to complete a conflict of interest policy questionaire. The policy includes statements regarding other employment, being related to anyone on the board and other items 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.”
“Psi upsilon fraternity's board of directors determines and sets executive director compensation levels which are based on periodic thorough reviews of all related issues, salary surveys, consultation with independent persons, review of comparable data and deliberation.”
“Psi upsilon fraternity makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public by appointment with the executive director. Psi upsilon fraternity's form 990 is also available via the guidestar website.”
“To provide it's members with the opportunity to develop skills pertaining to moral leadership, intellectual engagement, responsible social conduct, and service to society. In addition fostering a safe environment for our members and encouraging them to build lifelong friendships.”
“Designed to: 1. Educate chapter officers and members about their responsibilities to: a) the chapter b) the international fraternity c) the college d) their nation. 2. Guide chapter officers and members to more effectively use the human resources of the chapter. 3. Stimulate enthusiasm for community service projects. 4. Guide the chapter toward more responsible financial and risk management. 5. Address and discuss problems facing college students such as: a) drug and alcohol abuse b) learning to live one one's own c) learning to live together d) learning to respect each other e) sexual responsibility f) values and ethics. 6. Guide chapter officers and members into more effective communication. 7. Advise undergraduate leaders on the effective use of available educational resources, reference materials, and programs. 8. Educate undergraduate members on the availability of scholarship grants from the psi upsilon foundation.”
“In consideration of asc 740-10-25 accounting for uncertainties in income taxes, the fraternity has not taken any uncertain tax positions that should be recognized in the accompanying financial statements.”
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/ActivityOrMissionDesc | 0 | TO PROVIDE IT'S MEMBERS WITH THE OPPORTUNITY TO DEVELOP SKILLS PERTAINING TO MORAL LEADERSHIP, INTELLECTUAL ENGAGEMENT, RESPONSIBLE SOCIAL CONDUCT, AND SERVICE TO SOCIETY. IN ADDITION FOSTERING A SAFE ENVIRONMENT FOR OUR MEMBERS AND ENCOURAGING THEM TO BUILD LIFELONG FRIENDSHIPS. |
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| IRS990/Desc | 0 | CHAPTER LEADERSHIP PROGRAM EACH CHAPTER IS VISITED AT LEAST ONCE A YEAR BY A STAFF MEMBER DURING THE ACADEMIC YEAR. THE PURPOSE OF THE VISIT IS TO INSPIRE, INSTRUCT, AND INSPECT THE CHAPTER AND ENCOURAGE BEST PRACTICES FOR THE CHAPTER. IN ADDITION EACH NEW MEMBER IS REQUIRED TO COMPLETE ONLINE TRAINING FOCUSED ON FACING THE CHALLENGES OF HAZING, SUBSTANCE ABUSE, AND HEALTHY RELATIONSHIPS. ONLINE RESOURCES AND OFFICER MANUAL ARE MADE AVAILABLE THROUGH THE PSI UPSILON WEBSITE. THE CHAPTER LEADERSHIP PROGRAM ALSO INCLUDES SPECIAL PROGRAMS FOR SELECT OFFICERS, AN ANNUAL LEADERSHIP INSTITUTE, AN ANNUAL PRESIDENT'S ACADEMY, AND ASSISTANCE WITH CHAPTER RETREATS. THE CHAPTER LEADERSHIP PROGRAM IS DESIGNED TO: 1. EDUCATE CHAPTER OFFICERS AND MEMBERS ABOUT THEIR RESPONSIBILITIES TO: A) THE CHAPTER B) THE INTERNATIONAL FRATERNITY C) THE COLLEGE D) THEIR NATION. 2. GUIDE CHAPTER OFFICERS AND MEMBERS TO MORE EFFECTIVELY USE THE HUMAN RESOURCES OF THE CHAPTER. 3. STIMULATE ENTHUSIASM FOR COMMUNITY SERVICE PROJECTS. 4. GUIDE THE CHAPTER TOWARD MORE RESPONSIBLE FINANCIAL AND RISK MANAGEMENT. 5. ADDRESS AND DISCUSS PROBLEMS FACING COLLEGE STUDENTS SUCH AS: A) DRUG AND ALCOHOL ABUSE B) LEARNING TO LIVE ONE ONE'S OWN C) LEARNING TO LIVE TOGETHER D) LEARNING TO RESPECT EACH OTHER E) SEXUAL RESPONSIBILITY F) VALUES AND ETHICS. 6. GUIDE CHAPTER OFFICERS AND MEMBERS INTO MORE EFFECTIVE COMMUNICATION. 7. ADVISE UNDERGRADUATE LEADERS ON THE EFFECTIVE USE OF AVAILABLE EDUCATIONAL RESOURCES, REFERENCE MATERIALS, AND PROGRAMS. 8. EDUCATE UNDERGRADUATE MEMBERS ON THE AVAILABILITY OF SCHOLARSHIP GRANTS FROM THE PSI UPSILON FOUNDATION. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | ALUMNI TERM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | ALUMNI TERM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | ALUMNI TERM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | ALUMNI TERM |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PAST PRESIDE |
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| IRS990/MissionDesc | 0 | TO PROVIDE IT'S MEMBERS WITH THE OPPORTUNITY TO DEVELOP SKILLS PERTAINING TO MORAL LEADERSHIP, INTELLECTUAL ENGAGEMENT, RESPONSIBLE SOCIAL CONDUCT, AND SERVICE TO SOCIETY. IN ADDITION FOSTERING A SAFE ENVIRONMENT FOR OUR MEMBERS AND ENCOURAGING THEM TO BUILD LIFELONG FRIENDSHIPS. |
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| IRS990/OtherExpensesGrp/Desc | 0 | ARCHONS ACADEMY |
| IRS990/OtherExpensesGrp/Desc | 1 | BADGES & CERTIFICATES |
| IRS990/OtherExpensesGrp/Desc | 2 | ONLINE EDUCATION PROGRAMS |
| IRS990/OtherExpensesGrp/Desc | 3 | EXPANSION/REACTIVATION |
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| IRS990/PrincipalOfficerNm | 0 | THOMAS J FOX |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | ARCHONS ACADEMY THE PRESIDENT OR ANOTHER OFFICER OF EVERY ACTIVE CHAPTER IS EXPECTED TO ATTEND THE ANNUAL ARCHONS ACADEMY AT THE INTERNATIONAL OFFICE IN INDIANAPOLIS. IN 2018 THE ARCHONS ACADEMY WAS HELD JANUARY 12-14 AND FOCUSED ON EFFECTIVE CHAPTER MANAGEMENT, ADDRESSING CONFLICT BETWEEN MEMBERS, MEMBER SAFETY AND HEALTH, OUR HISTORY AND MISSION, AND INCLUDED TEAM BUILDING AND LEADERSHIP BUILDING ACTIVITIES. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | LEADERSHIP INSTITUTE IN 2018, THE LEADERSHIP INSTITUTE WAS HELD IN ROCHESTER, NY. THE PRIMARY TOPIC OF DISCUSSION WAS SITUATIONAL LEADERSHIP AND RALLYING MEMBERS AROUND A CAUSE. IN ADDITION THE FRATERNITY HAD SMALL BREAKOUT GROUPS WERE MEMBERS COULD DISCUSS BEST PRACTICES BUILT AROUND OUR FRATERNITIES VALUES SUCH AS LIFELONG FRIENDSHIP, MORAL LEADERSHIP, INTELLECTUAL ENGAGEMENT, RESPONSIBLE SOCIAL CONDUCT, AND SERVICE TO SOCIETY. |
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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | FUNDS HELD FOR RISK RETENTION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | INSURANCE CAPITALIZATION |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | RESERVE FOR INSURANCE CLAIMS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PAYROLL TAXES PAYABLE |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | IN CONSIDERATION OF ASC 740-10-25 ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES, THE FRATERNITY 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 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO PROVIDE IT'S MEMBERS WITH THE OPPORTUNITY TO DEVELOP SKILLS PERTAINING TO MORAL LEADERSHIP, INTELLECTUAL ENGAGEMENT, RESPONSIBLE SOCIAL CONDUCT, AND SERVICE TO SOCIETY. IN ADDITION FOSTERING A SAFE ENVIRONMENT FOR OUR MEMBERS AND ENCOURAGING THEM TO BUILD LIFELONG FRIENDSHIPS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESIGNED TO: 1. EDUCATE CHAPTER OFFICERS AND MEMBERS ABOUT THEIR RESPONSIBILITIES TO: A) THE CHAPTER B) THE INTERNATIONAL FRATERNITY C) THE COLLEGE D) THEIR NATION. 2. GUIDE CHAPTER OFFICERS AND MEMBERS TO MORE EFFECTIVELY USE THE HUMAN RESOURCES OF THE CHAPTER. 3. STIMULATE ENTHUSIASM FOR COMMUNITY SERVICE PROJECTS. 4. GUIDE THE CHAPTER TOWARD MORE RESPONSIBLE FINANCIAL AND RISK MANAGEMENT. 5. ADDRESS AND DISCUSS PROBLEMS FACING COLLEGE STUDENTS SUCH AS: A) DRUG AND ALCOHOL ABUSE B) LEARNING TO LIVE ONE ONE'S OWN C) LEARNING TO LIVE TOGETHER D) LEARNING TO RESPECT EACH OTHER E) SEXUAL RESPONSIBILITY F) VALUES AND ETHICS. 6. GUIDE CHAPTER OFFICERS AND MEMBERS INTO MORE EFFECTIVE COMMUNICATION. 7. ADVISE UNDERGRADUATE LEADERS ON THE EFFECTIVE USE OF AVAILABLE EDUCATIONAL RESOURCES, REFERENCE MATERIALS, AND PROGRAMS. 8. EDUCATE UNDERGRADUATE MEMBERS ON THE AVAILABILITY OF SCHOLARSHIP GRANTS FROM THE PSI UPSILON FOUNDATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FRATERNITY HAS MEMBER CHAPTERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FRATERNITY'S MEMBER CHAPTERS ELECT DELEGATES. THESE DELEGATES THEN REPRESENT THE CHAPTER AT THE ANNUAL CONVENTION WHERE THE DELEGATES ELECT THE BOARD OF THE FRATERNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FRATERNITY HAS INDIVIDUAL CHAPTERS NATIONWIDE. THE FRATERNITY'S ROLE IS TO GUIDE THESE CHAPTERS WITH RESOURCES AND BEST PRACTICES AND NOT TO INDEPEDENTLY AND INDIVIDUALLY SUPERVISE THESE CHAPTERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | PSI UPSILON FRATERNITY'S FORM 990 AND ALL RELATED SCHEDULES, STATEMENTS AND ATTACHMENTS ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR,BOARD TREASURER AND THE BOARD OF DIRECTORS PRIOR TO FINALIZING AND FILING THESE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PSI UPSILON FRATERNITY ANNUALLY REQUESTS EACH OFFICER AND MEMBER OF THE BOARD OF DIRECTORS TO COMPLETE A CONFLICT OF INTEREST POLICY QUESTIONAIRE. THE POLICY INCLUDES STATEMENTS REGARDING OTHER EMPLOYMENT, BEING RELATED TO ANYONE ON THE BOARD AND OTHER ITEMS 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 | 7 | PSI UPSILON FRATERNITY'S BOARD OF DIRECTORS DETERMINES AND SETS EXECUTIVE DIRECTOR COMPENSATION LEVELS 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 | 8 | PSI UPSILON FRATERNITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AS APPLICABLE, AVAILABLE TO THE PUBLIC BY APPOINTMENT WITH THE EXECUTIVE DIRECTOR. PSI UPSILON FRATERNITY'S FORM 990 IS ALSO AVAILABLE VIA THE GUIDESTAR WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 10B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 19 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.