Civic Intelligence

Psi Upsilon Fraternity

990 • Fiscal year 2023 • EIN 35-2074015

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileWWW.PSIU.ORG
1389 W 86th Street 345Indianapolis, IN 46260

(317) 571-1833

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.10x

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

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.04x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$108,299

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 16.1% of source-year revenue.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2023

Asset Growth

5th percentile

-25%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

10%

Faster revenue growth than 58% of similar nonprofits.

2023 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$280,717

Down $95,136 (-25%) from 2022

Net Assets

Down

$251,891

Down $73,492 (-23%) from 2022

Liabilities

Down

$28,826

Down $21,644 (-43%) from 2022

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin15th percentile

Revenue

Up

$671,865

Up $61,990 (+10%) from 2022

Expenses

Up

$744,407

Up $177,072 (+31%) from 2022

Net Income

Down

-$72,542

Down $115,082 (-271%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$600K$400K$200K$0Assets 2011: $233,868Liabilities 2011: $53,722Net Assets 2011: $180,1462011Assets 2012: $193,756Liabilities 2012: $60,543Net Assets 2012: $133,2132012Assets 2013: $213,619Liabilities 2013: $62,575Net Assets 2013: $151,0442013Assets 2014: $243,348Liabilities 2014: $84,778Net Assets 2014: $158,5702014Assets 2015: $261,317Liabilities 2015: $98,815Net Assets 2015: $162,5022015Assets 2016: $281,645Liabilities 2016: $139,771Net Assets 2016: $141,8742016Assets 2017: $320,552Liabilities 2017: $139,072Net Assets 2017: $181,4802017Assets 2018: $412,988Liabilities 2018: $113,751Net Assets 2018: $299,2372018Assets 2019: $366,905Liabilities 2019: $76,617Net Assets 2019: $290,2882019Assets 2020: $332,577Liabilities 2020: $79,843Net Assets 2020: $252,7342020Assets 2021: $333,407Liabilities 2021: $50,564Net Assets 2021: $282,8432021Assets 2022: $375,853Liabilities 2022: $50,470Net Assets 2022: $325,3832022Assets 2023: $280,717Liabilities 2023: $28,826Net Assets 2023: $251,8912023Assets 2024: $262,443Liabilities 2024: $35,433Net Assets 2024: $227,0102024

Highlighted filing

2023

Assets$280,717
Liabilities$28,826
Net Assets$251,891
Open 2023 Filing

Operations Trend

Revenue Growth58th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $456,5392011Expenses 2012: $542,3392012Expenses 2013: $552,7122013Revenue 2014: $591,963Expenses 2014: $584,437Net Income 2014: $7,5262014Revenue 2015: $594,322Expenses 2015: $590,390Net Income 2015: $3,9322015Revenue 2016: $600,249Expenses 2016: $620,878Net Income 2016: -$20,6292016Revenue 2017: $620,383Expenses 2017: $580,777Net Income 2017: $39,6062017Revenue 2018: $650,547Expenses 2018: $532,790Net Income 2018: $117,7572018Revenue 2019: $655,592Expenses 2019: $664,541Net Income 2019: -$8,9492019Revenue 2020: $614,837Expenses 2020: $652,391Net Income 2020: -$37,5542020Revenue 2021: $562,096Expenses 2021: $531,987Net Income 2021: $30,1092021Revenue 2022: $609,875Expenses 2022: $567,335Net Income 2022: $42,5402022Revenue 2023: $671,865Expenses 2023: $744,407Net Income 2023: -$72,5422023Revenue 2024: $644,093Expenses 2024: $668,974Net Income 2024: -$24,8812024

Highlighted filing

2023

Revenue$671,865
Expenses$744,407
Net Income-$72,542
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$671,865
Mission and Program Overview

Mission

To provide its members with the opportunity to develop leadership skills, educational excellence, a commitment to their communities, and lifelong friendships.

To develop leadership, intellectual, social conduct, and service skills for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,252$74,460▼ $12,792
Accounts Receivable$98,223$64,304▼ $33,919
Savings and Temporary Cash Investments$50,021$25,032▼ $24,989
Prepaid Expenses and Deferred Charges$23,612$0▼ $23,612
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$375,853$280,717▼ $95,136
Other Assets Total$116,745$116,921▲ $176
Liabilities
Other Liabilities$25,000$25,000→ $0
Deferred Revenue$11,055$0▼ $11,055
Accounts Payable and Accrued Expenses$14,415$3,826▼ $10,589
Total Liabilities$50,470$28,826▼ $21,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$325,383$251,891▼ $73,492
Total Net Assets Fund Balance$325,383$251,891▼ $73,492
Total Liabilities and Net Assets / Fund Balance$375,853$280,717▼ $95,136

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$21,284$21,284
Other Assets Org$4,308--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas J FoxExecutive DirectorFT$90,000$18,299$108,299

Board Members and Trustees

NameTitle
Charles M HallPast President
David a B BrownPast President
Evan TerryPast President
James a Swanke JrPast President
Mark D BauerPast President
Richard RasmussenPast President
Thomas T Allan IvPast President
Jeremy MckeonPresident
James PlatnerVice President
Jon SzynkowskiAlumni Term Member
Lance MillerAlumni Term Member
Madison TurketteAlumni Term Member
Steve MalinskiAlumni Term Member
David HollisSecretary
Timothy ZeppTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$72,095
Program Service Revenue
$584,313
Investment Income
$340
Other Revenue
$15,117
All Other Contributions
$30,095
Change in Net Assets
$-72,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$436,647
Salaries, Compensation, and Employee Benefits$307,760
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance---$198,811
Other Salaries and Wages---$154,918
Current Officers, Directors, Trustees, and Key Employees---$108,299
Conferences and Meetings---$85,983
Fees for Services Other---$36,015
Other Employee Benefits---$33,048
Office Expenses---$21,092
Occupancy---$16,949
Information Technology---$12,250
Payroll Taxes---$11,495
Fees for Services Legal---$6,733
Other Expenses---$1,719
Total Functional Expenses$0$0$0$744,407
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for Insurance Claims$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, Line 6

“The fraternity has member chapters.”

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

“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.”

Form 990, Part VI, Section B, Line 10B

“The fraternity has individual chapters nationwide. The fraternity's role is to guide these chapters with resources and best practices and not to independently and individually supervise these chapters.”

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

“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.”

Form 990, Part VI, Section B, Line 12C

“Psi upsilon fraternity 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 any other items that may create an appearance of a potential indepedence issue. The identification, evaluation and resolution of those issues are discussed with the appropriate level of mangement or members of the board of directors.”

Form 990, Part VI, Section B, Line 15A

“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, consulation with independent persons, review of comparable date and deliberation.”

Form 990, Part VI, Section C, Line 19

“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.”

Filing and Contact Details

Filer

Filer Name
Psi Upsilon Fraternity
EIN
35-2074015
Phone
3175711833
Address
1389 W 86TH STREET 345, INDIANAPOLIS, IN 46260

Signing Officer

Name
Thomas J Fox
Title
Executive Director
Phone
3175711833
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Fox
Formed
1833
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
50

Preparer

Firm
Sikich LLC
Address
8555 N RIVER RD 300, INDIANAPOLIS, IN 46240
Preparer
Bridgette Mugge
Phone
3178424466
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IRS990/Desc0CHAPTER LEADERSHIP PROGRAMSTAFF VISIT MOST CAMPUSES AT LEAST ONCE A 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 ARCHONS ACADEMY HEALTHY RELATIONSHIPS. ONLINE RESOURCES AND OFFICER MANUAL ARE MADE AVAILABLE THROUGH THE PSI UPSILON WEBSITE. IN ADDITION EACH CHAPTER IS ASSIGNED A STAFF MEMBER AND THAT STAFF MEMBER HAS REGULAR ZOOM MEETINGS TO DISCUSS CHAPTER PERFORMANCE AND OFFER ADVICE AND SUPPORT AS REQUESTED BY THE OFFICERS OF THE CHAPTER.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ALUMNI TERM MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5ALUMNI TERM MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6ALUMNI TERM MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7ALUMNI TERM MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
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IRS990/NetAssetsOrFundBalancesEOYAmt0251891
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0251891
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt016949
IRS990/OfficeExpensesGrp/TotalAmt021092
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0116745
IRS990/OtherAssetsTotalGrp/EOYAmt0116921
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt033048
IRS990/OtherExpensesGrp/Desc0LEADERSHIP DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt046189
IRS990/OtherExpensesGrp/TotalAmt18563
IRS990/OtherExpensesGrp/TotalAmt22343
IRS990/OtherExpensesGrp/TotalAmt31719
IRS990/OtherLiabilitiesGrp/BOYAmt025000
IRS990/OtherLiabilitiesGrp/EOYAmt025000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0154918
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt011495
IRS990/PoliciesReferenceChaptersInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt023612
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0THOMAS J FOX
IRS990/PriorPeriodAdjustmentsAmt0-950
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0ASSESSMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc1RISK MANAGEMENT INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0331060
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1216946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt233410
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32897
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0331060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1216946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32897
IRS990/ProgSrvcAccomActy2Grp/Desc0ARCHONS ACADEMYTHE PRESIDENT OR ANOTHER OFFICER OF EVERY ACTIVE CHAPTER IS EXPECTED TO ATTEND AN ANNUAL ARCHONS ACADEMY. IN 2023, THE ARCHONS ACADEMY WAS HELD JANUARY 6TH-8TH 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/Desc0LEADERSHIP INSTITUTEOUR LEADERSHIP INSTITUTE OCCURRED JULY 21-25TH IN WASHINGTON DC. EACH CHAPTER IS EXPECTED TO SEND 2 UNDERGRADUATE AND ONE ALUM MEMBER. DURING THE WEEKEND WE HELD A NUMBER OF BOTH LARGE GROUP AND SMALL GROUP EDUCATIONAL SESSIONS, TOPICS INCLUDED: DIVERSITY AND INCLUSION, ETHICAL LEADERSHIP, PARTNERING WITH CAMPUSES, NEW MEMBER EDUCATION, MENTAL WELLNESS, SERVING AS A MENTOR AND MORE. WE ALSO SPENT TIME REVIEWING OUR RISK MANAGEMENT POLICIES AND BEST PRACTICES TO STAY IN COMPLIANCE WITH THEM.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt079682
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt026
IRS990/PYOtherExpensesAmt0322500
IRS990/PYOtherRevenueAmt016613
IRS990/PYProgramServiceRevenueAmt0513554
IRS990/PYRevenuesLessExpensesAmt042540
IRS990/PYSalariesCompEmpBnftPaidAmt0244835
IRS990/PYTotalExpensesAmt0567335
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0609875
IRS990/ReconcilationRevenueExpnssAmt0-72542
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt042000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt015117
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt015117
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050021
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025032
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076705
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135908
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt24308
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH HELD FOR RISK RETENTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE CAPITALIZATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021284
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESERVE FOR INSURANCE CLAIMS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0116921
IRS990ScheduleD/TotalLiabilityAmt025000
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY HAS MEMBER CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE FRATERNITY HAS INDIVIDUAL CHAPTERS NATIONWIDE. THE FRATERNITY'S ROLE IS TO GUIDE THESE CHAPTERS WITH RESOURCES AND BEST PRACTICES AND NOT TO INDEPENDENTLY AND INDIVIDUALLY SUPERVISE THESE CHAPTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PSI 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/ExplanationTxt4PSI UPSILON FRATERNITY 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 ANY OTHER ITEMS THAT MAY CREATE AN APPEARANCE OF A POTENTIAL INDEPEDENCE ISSUE. THE IDENTIFICATION, EVALUATION AND RESOLUTION OF THOSE ISSUES ARE DISCUSSED WITH THE APPROPRIATE LEVEL OF MANGEMENT OR MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PSI 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, CONSULATION WITH INDEPENDENT PERSONS, REVIEW OF COMPARABLE DATE AND DELIBERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PSI 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.
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 B, LINE 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE PSI UPSILON FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0056013135
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ED. PROG.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt08250 HAVERSTICK ROAD STE 250
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046240
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0375853
IRS990/TotalAssetsEOYAmt0280717
IRS990/TotalAssetsGrp/BOYAmt0375853
IRS990/TotalAssetsGrp/EOYAmt0280717
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt072095
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0744407
IRS990/TotalGrossUBIAmt015457
IRS990/TotalLiabilitiesBOYAmt050470
IRS990/TotalLiabilitiesEOYAmt028826
IRS990/TotalLiabilitiesGrp/BOYAmt050470

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$280,717
Liabilities
$28,826
Net assets
$251,891
Revenue
$671,865
Expenses
$744,407
Net income
-$72,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.35$2.27$6.44$6.69$0.25
2023Detailed filing. Detailed filing data is available for this year.$2.81$0.29$2.52$6.72$7.44$0.73
2022Detailed filing. Detailed filing data is available for this year.$3.76$0.50$3.25$6.10$5.67$0.43
2021Detailed filing. Detailed filing data is available for this year.$3.33$0.51$2.83$5.62$5.32$0.30
2020Detailed filing. Detailed filing data is available for this year.$3.33$0.80$2.53$6.15$6.52$0.38
2019Detailed filing. Detailed filing data is available for this year.$3.67$0.77$2.90$6.56$6.65$0.09
2018Detailed filing. Detailed filing data is available for this year.$4.13$1.14$2.99$6.51$5.33$1.18
2017Detailed filing. Detailed filing data is available for this year.$3.21$1.39$1.81$6.20$5.81$0.40
2016Detailed filing. Detailed filing data is available for this year.$2.82$1.40$1.42$6.00$6.21$0.21
2015Detailed filing. Detailed filing data is available for this year.$2.61$0.99$1.63$5.94$5.90$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.43$0.85$1.59$5.92$5.84$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.63$1.51$5.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.61$1.33$5.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.54$1.80$4.57