Civic Intelligence

Chi Psi Fraternity

990 • Fiscal year 2015 • EIN 38-6089059

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Refreshing map…

45 Rutledge StreetNashville, TN 37210

(615) 736-2520

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.39x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

76th percentile

1.23x

Higher debt load relative to revenue than 76% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Net Margin

21st percentile

-5.4%

Higher net margin than 21% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$105,785

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2015

Asset Growth

63rd percentile

2.4%

Faster asset growth than 63% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-8.4%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,328,162

Up $77,825 (+2.4%) from 2014

Net Assets

Down

$2,027,587

Down $56,159 (-2.7%) from 2014

Liabilities

Up

$1,300,575

Up $133,984 (+11%) from 2014

Revenue

Down

$1,058,046

Down $97,270 (-8.4%) from 2014

Expenses

Up

$1,114,672

Up $2,232 (+0.2%) from 2014

Net Income

Down

-$56,626

Down $99,502 (-232%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,862,774Liabilities 2011: $858,374Net Assets 2011: $2,004,4002011Assets 2012: $2,943,222Liabilities 2012: $836,162Net Assets 2012: $2,107,0602012Assets 2013: $2,994,689Liabilities 2013: $957,718Net Assets 2013: $2,036,9712013Assets 2014: $3,250,337Liabilities 2014: $1,166,591Net Assets 2014: $2,083,7462014Assets 2015: $3,328,162Liabilities 2015: $1,300,575Net Assets 2015: $2,027,5872015Assets 2016: $3,333,079Liabilities 2016: $1,360,352Net Assets 2016: $1,972,7272016Assets 2017: $3,997,976Liabilities 2017: $2,184,752Net Assets 2017: $1,813,2242017Assets 2018: $4,021,751Liabilities 2018: $2,218,673Net Assets 2018: $1,803,0782018Assets 2019: $3,806,724Liabilities 2019: $2,222,264Net Assets 2019: $1,584,4602019Assets 2020: $3,592,793Liabilities 2020: $2,071,712Net Assets 2020: $1,521,0812020Assets 2021: $4,012,394Liabilities 2021: $2,342,862Net Assets 2021: $1,669,5322021Assets 2022: $3,526,602Liabilities 2022: $1,991,417Net Assets 2022: $1,535,1852022Assets 2023: $3,917,503Liabilities 2023: $2,129,325Net Assets 2023: $1,788,1782023Assets 2024: $4,945,842Liabilities 2024: $2,703,379Net Assets 2024: $2,242,4632024

Highlighted filing

2015

Assets$3,328,162
Liabilities$1,300,575
Net Assets$2,027,587

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $914,136Expenses 2011: $812,700Net Income 2011: $101,4362011Revenue 2012: $951,014Expenses 2012: $845,083Net Income 2012: $105,9312012Revenue 2013: $1,015,289Expenses 2013: $1,089,317Net Income 2013: -$74,0282013Revenue 2014: $1,155,316Expenses 2014: $1,112,440Net Income 2014: $42,8762014Revenue 2015: $1,058,046Expenses 2015: $1,114,672Net Income 2015: -$56,6262015Revenue 2016: $1,084,104Expenses 2016: $1,133,808Net Income 2016: -$49,7042016Revenue 2017: $1,578,027Expenses 2017: $1,743,123Net Income 2017: -$165,0962017Revenue 2018: $1,243,865Expenses 2018: $1,254,719Net Income 2018: -$10,8542018Revenue 2019: $1,299,764Expenses 2019: $1,518,999Net Income 2019: -$219,2352019Revenue 2020: $1,364,525Expenses 2020: $1,427,904Net Income 2020: -$63,3792020Revenue 2021: $1,508,418Expenses 2021: $1,379,088Net Income 2021: $129,3302021Revenue 2022: $1,614,364Expenses 2022: $1,718,281Net Income 2022: -$103,9172022Revenue 2023: $2,385,705Expenses 2023: $2,131,170Net Income 2023: $254,5352023Revenue 2024: $2,665,111Expenses 2024: $2,220,259Net Income 2024: $444,8522024

Highlighted filing

2015

Revenue$1,058,046
Expenses$1,114,672
Net Income-$56,626
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,490,464
Mission and Program Overview

Mission

To create and maintain an enduring society which stimulates intellectual, ethical and social growth and encourages the sharing of traditions and values. In this pursuit, chi psi will encourage leadership, respect for oneself and others, and responsibility to the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,477,028$1,442,916▼ $34,112
Investments in Publicly Traded Securities$757,686$798,772▲ $41,086
Cash and Non-Interest-Bearing Accounts$342,193$366,680▲ $24,487
Savings and Temporary Cash Investments$366,169$284,066▼ $82,103
Accounts Receivable$91,505$151,522▲ $60,017
Prepaid Expenses and Deferred Charges$58,450$114,635▲ $56,185
Inventories for Sale or Use$21,146$24,296▲ $3,150
Intangible Assets$4,426$3,541▼ $885
Total Assets$3,250,337$3,328,162▲ $77,825
Other Assets Total$131,734$141,734▲ $10,000
Liabilities
Other Liabilities$963,129$1,102,767▲ $139,638
Deferred Revenue$114,791$117,168▲ $2,377
Accounts Payable and Accrued Expenses$88,671$80,640▼ $8,031
Total Liabilities$1,166,591$1,300,575▲ $133,984
Net Assets / Fund Balance
Unrestricted Net Assets$2,083,746$2,027,587▼ $56,159
Total Net Assets Fund Balance$2,083,746$2,027,587▼ $56,159
Total Liabilities and Net Assets / Fund Balance$3,250,337$3,328,162▲ $77,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$946,053$238,821$1,184,874
Land$465,000-$465,000
Equipment$2,072$58,111$60,183
Other Land Buildings$29,791$25,252$55,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sam BesseyExecutive DirecFT$99,600$6,185$105,785

Board Members and Trustees

NameTitle
Steve RickmeierChairman
Dennis WhitfieldVice Chairman
Andrew J DewingBoard Member
Dr Daniel B AhlbergBoard Member
James HaltomBoard Member
James Van DykeBoard Member
Jordan RichardsonBoard Member
Kurt WellsBoard Member
Michael GoingBoard Member
Omaid RazzaqBoard Member
Paul Wright JrBoard Member
Taylor OttBoard Member
Verne G IstockBoard Member
William C BodeBoard Member
William WrightsmanBoard Member
Michael D CarlsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$78,075
Program Service Revenue
$744,744
Investment Income
$1,710
Other Revenue
$233,517
All Other Contributions
$78,075
Change in Net Assets
$-56,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,058,046
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$432,700
Total Revenue per Audited Statements
$1,490,746
Total Revenue per Form 990
$1,058,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$619,017
Salaries, Compensation, and Employee Benefits$495,655
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$309,577
Conferences and Meetings---$157,190
Travel---$110,023
Current Officers, Directors, Trustees, and Key Employees---$106,712
Occupancy---$74,210
Other Employee Benefits---$30,981
Office Expenses---$28,546
Payroll Taxes---$27,329
Fees for Services Accounting---$25,627
Information Technology---$22,028
Pension Plan Contributions---$21,056
All Other Expenses---$11,121
Other Expenses---$9,189
Fees for Services Other---$5,500
Depreciation Depletion---$4,025
Total Functional Expenses$0$0$0$1,114,672

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,546,905
Expenses per Audited Statements$1,114,672
Total Expenses per Form 990$1,114,672
Expenses Not Reported on Form 990$432,233
Expenses Not Reported on Financial Statements$0
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
Alpha Building Fund Deposits$1,002,767
Note Payable$100,000
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Line 6 explanation - organization is comprised of dues paying members.

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

Line 7a explanation - members select delegates to attend the annual convention and elect the board.

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

Line 7b explanation - the governing body members send delegates from each chapter to the annual convention. It is the delegates vote that decides whether to opening and/or closing of a chapter of chi psi fraternity.

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

Line 9 explanation - board meetings are documented. There are no official committees so no documentation applicable.

Form 990, Part VI, Section B, Line 11

Line 11a explanation - a draft of the 990 is reviewed by the finance committee and then e-mailed to the board of directors before it is filed.

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

Each new responsible person shall be required to review a copy of this policy and to acknowledge in writing that he or she has done so. Each responsible person shall annually complete a disclosure form identifying any relationships, positions or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. This policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all responsible persons. Disclosure of any conflicts of interest are to be presented as they arise.

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

Using comparable salary information from other non-profit organizations in the surrounding area, a compensation committees meets to determine the executive director's salary.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available upon request and on fraternity's website.

Filing and Contact Details

Filer

Filer Name
Chi Psi Fraternity
EIN
38-6089059
Phone
6157362520
Address
45 RUTLEDGE STREET, NASHVILLE, TN 37210

Signing Officer

Name
Sam Bessey
Title
Executive Direc
Phone
6157362520
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Bessey
Formed
1947
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
15
Employees
14
Volunteers
350

Preparer

Firm
Frasier Dean & Howard Pllc
Address
3310 WEST END AVE STE 550, NASHVILLE, TN 37203
Preparer
Sara G Moon
Phone
6153836592
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The fraternity is exempt from federal income taxes under section 501(c)(7) of the internal revenue code. There was no unrelated business income subject to the unrelated business income tax for the years ended june 30, 2015 and 2014. The fraternity follows financial accounting standards board accounting standards codification (fasb asc) guidance related to unrecognized tax benefits. The guidance clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The fraternity has no tax penalties or interest reported in the accompanying consolidated financial statements. Tax years prior to the year ended june 30, 2012 are considered closed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Berkeley expenses 244,009. Oxford expenses 133,049. Raleigh expenses 54,687. Evanston 488.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Berkeley expenses 244,009. Oxford expenses 133,049. Raleigh expenses 54,687. Evanston expenses 488.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01490464
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GrossRentsGrp/RealAmt0382300
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt022028
IRS990/InitiationFeesAndCapContriAmt0164220
IRS990/IntangibleAssetsGrp/BOYAmt04426
IRS990/IntangibleAssetsGrp/EOYAmt03541
IRS990/InventoriesForSaleOrUseGrp/BOYAmt021146
IRS990/InventoriesForSaleOrUseGrp/EOYAmt024296
IRS990/InvestmentIncomeGrp/ExclusionAmt01895
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01895
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0757686
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0798772
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0322184
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01477028
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01442916
IRS990/LandBldgEquipCostOrOtherBssAmt01765100
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0185
IRS990/LessRentalExpensesGrp/RealAmt0432233
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CREATE AND MAINTAIN AN ENDURING SOCIETY WHICH STIMULATES INTELLECTUAL, ETHICAL AND SOCIAL GROWTH AND ENCOURAGES THE SHARING OF TRADITIONS AND VALUES. IN THIS PURSUIT, CHI PSI WILL ENCOURAGE LEADERSHIP, RESPECT FOR ONESELF AND OTHERS, AND RESPONSIBILITY TO THE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02083746
IRS990/NetAssetsOrFundBalancesEOYAmt02027587
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-185
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-185
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-49933
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-49933
IRS990/NetUnrelatedBusTxblIncmAmt0895
IRS990/NetUnrlzdGainsLossesInvstAmt0467
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/TotalAmt074210
IRS990/OfficeExpensesGrp/TotalAmt028546
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0131734
IRS990/OtherAssetsTotalGrp/EOYAmt0141734
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030981
IRS990/OtherExpensesGrp/Desc0RISK MANAGEMENT
IRS990/OtherExpensesGrp/Desc1INITIATION MERCHANDISE
IRS990/OtherExpensesGrp/Desc2PRINTING & PUBLICATIONS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/TotalAmt069096
IRS990/OtherExpensesGrp/TotalAmt159653
IRS990/OtherExpensesGrp/TotalAmt242809
IRS990/OtherExpensesGrp/TotalAmt39189
IRS990/OtherLiabilitiesGrp/BOYAmt0963129
IRS990/OtherLiabilitiesGrp/EOYAmt01102767
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SERVICE AGREEMENT FEES
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0185359
IRS990/OtherRevenueMiscGrp/ExclusionAmt198091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0185359
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt198091
IRS990/OtherRevenueTotalAmt0283450
IRS990/OtherSalariesAndWagesGrp/TotalAmt0309577
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt027329
IRS990/PensionPlanContributionsGrp/TotalAmt021056
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114635
IRS990/PrincipalOfficerNm0SAM BESSEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES & ASSE
IRS990/ProgramServiceRevenueGrp/Desc1NLIP (RISK MANAGEMENT)
IRS990/ProgramServiceRevenueGrp/Desc2CONVENTION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0499463
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1125326
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2119955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0499463
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1125326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2119955
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt095182
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02870
IRS990/PYOtherExpensesAmt0698923
IRS990/PYOtherRevenueAmt0258052
IRS990/PYProgramServiceRevenueAmt0799212
IRS990/PYRevenuesLessExpensesAmt042876
IRS990/PYSalariesCompEmpBnftPaidAmt0413517
IRS990/PYTotalExpensesAmt01112440
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01155316
IRS990/ReconcilationRevenueExpnssAmt0-56626
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-49933
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0366169
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0284066
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/BuildingsGrp/BookValueAmt0946053
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0238821
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01184874
IRS990ScheduleD/EquipmentGrp/BookValueAmt02072
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058111
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt060183
IRS990ScheduleD/ExpensesNotReportedAmt0432233
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01114672
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0465000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0465000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0467
IRS990ScheduleD/OtherExpensesIncludedAmt0432233
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029791
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025252
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt055043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01002767
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALPHA BUILDING FUND DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE
IRS990ScheduleD/OtherRevenueAmt0432233
IRS990ScheduleD/RevenueNotReportedAmt0432700
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01058046
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME SUBJECT TO THE UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2015 AND 2014. THE FRATERNITY FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (FASB ASC) GUIDANCE RELATED TO UNRECOGNIZED TAX BENEFITS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FRATERNITY HAS NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. TAX YEARS PRIOR TO THE YEAR ENDED JUNE 30, 2012 ARE CONSIDERED CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BERKELEY EXPENSES 244,009. OXFORD EXPENSES 133,049. RALEIGH EXPENSES 54,687. EVANSTON 488.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BERKELEY EXPENSES 244,009. OXFORD EXPENSES 133,049. RALEIGH EXPENSES 54,687. EVANSTON EXPENSES 488.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01442916
IRS990ScheduleD/TotalExpensesPerForm990Amt01114672
IRS990ScheduleD/TotalLiabilityAmt01102767
IRS990ScheduleD/TotalRevenuePerForm990Amt01058046
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01490746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01546905
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 6 EXPLANATION - ORGANIZATION IS COMPRISED OF DUES PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LINE 7A EXPLANATION - MEMBERS SELECT DELEGATES TO ATTEND THE ANNUAL CONVENTION AND ELECT THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 7B EXPLANATION - THE GOVERNING BODY MEMBERS SEND DELEGATES FROM EACH CHAPTER TO THE ANNUAL CONVENTION. IT IS THE DELEGATES VOTE THAT DECIDES WHETHER TO OPENING AND/OR CLOSING OF A CHAPTER OF CHI PSI FRATERNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 9 EXPLANATION - BOARD MEETINGS ARE DOCUMENTED. THERE ARE NO OFFICIAL COMMITTEES SO NO DOCUMENTATION APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 11A EXPLANATION - A DRAFT OF THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN E-MAILED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. DISCLOSURE OF ANY CONFLICTS OF INTEREST ARE TO BE PRESENTED AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6USING COMPARABLE SALARY INFORMATION FROM OTHER NON-PROFIT ORGANIZATIONS IN THE SURROUNDING AREA, A COMPENSATION COMMITTEES MEETS TO DETERMINE THE EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON FRATERNITY'S WEBSITE.
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 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$2.70$2.24$2.67$2.22$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$2.13$1.79$2.39$2.13$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$1.99$1.54$1.61$1.72$0.10
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.01$2.34$1.67$1.51$1.38$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$2.07$1.52$1.36$1.43$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$2.22$1.58$1.30$1.52$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.02$2.22$1.80$1.24$1.25$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$2.18$1.81$1.58$1.74$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$1.36$1.97$1.08$1.13$0.05
2015Detailed filing. Detailed filing data is available for this year.$3.33$1.30$2.03$1.06$1.11$0.06
2014Summary only. Only limited summary data is available for this year.$3.25$1.17$2.08$1.16$1.11$0.04
2013Summary only. Only limited summary data is available for this year.$2.99$0.96$2.04$1.02$1.09$0.07
2012Summary only. Only limited summary data is available for this year.$2.94$0.84$2.11$0.95$0.85$0.11
2011Summary only. Only limited summary data is available for this year.$2.86$0.86$2.00$0.91$0.81$0.10
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)7 • $1M-$5M nonprofits