Civic Intelligence

Chi Psi Fraternity

990 • Fiscal year 2020 • EIN 41-0704202

Aug 01, 2019 to Jul 31, 2020 • Filed on Dec 14, 2020

Organization ProfileCHIPSIUMN.COM
2221 University Ave SE Ste 111Minneapolis, MN 55414

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

88th percentile

0.45x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.13x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Net Margin

62nd percentile

8.8%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Asset Growth

92nd percentile

71%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

-5.9%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$91,245

Up $37,915 (+71%) from 2019

Net Assets

Up

$50,484

Up $28,253 (+127%) from 2019

Liabilities

Up

$40,761

Up $9,662 (+31%) from 2019

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin62nd percentile

Revenue

Down

$321,751

Down $20,234 (-5.9%) from 2019

Expenses

Down

$293,498

Down $31,211 (-9.6%) from 2019

Net Income

Up

$28,253

Up $10,977 (+64%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$200K$100K$0-$100KAssets 2011: $5,356Liabilities 2011: $02011Assets 2012: $1,434Liabilities 2012: $02012Assets 2013: $10,587Liabilities 2013: $02013Assets 2014: $50,130Liabilities 2014: $39,339Net Assets 2014: $10,7912014Assets 2015: $47,977Liabilities 2015: $37,896Net Assets 2015: $10,0812015Assets 2017: $31,586Liabilities 2017: $30,357Net Assets 2017: $1,2292017Assets 2018: $66,107Liabilities 2018: $61,152Net Assets 2018: $4,9552018Assets 2019: $53,330Liabilities 2019: $31,099Net Assets 2019: $22,2312019Assets 2020: $91,245Liabilities 2020: $40,761Net Assets 2020: $50,4842020Assets 2021: $66,621Liabilities 2021: $29,901Net Assets 2021: $36,7202021Assets 2022: $173,044Liabilities 2022: $147,341Net Assets 2022: $25,7032022Assets 2023: $87,383Liabilities 2023: $87,960Net Assets 2023: -$5772023Assets 2024: $83,445Liabilities 2024: $133,140Net Assets 2024: -$49,6952024Assets 2025: $73,737Liabilities 2025: $131,300Net Assets 2025: -$57,5632025

Highlighted filing

2020

Assets$91,245
Liabilities$40,761
Net Assets$50,484
Open 2020 Filing

Operations Trend

Revenue Growth62nd percentile

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

$400K$200K$0-$200KRevenue 2011: $112,459Expenses 2011: $109,549Net Income 2011: $2,9102011Revenue 2012: $84,824Expenses 2012: $88,746Net Income 2012: -$3,9222012Revenue 2013: $154,225Expenses 2013: $148,045Net Income 2013: $6,1802013Revenue 2014: $209,512Expenses 2014: $230,971Net Income 2014: -$21,4592014Revenue 2015: $227,830Expenses 2015: $228,541Net Income 2015: -$7112015Revenue 2017: $276,907Expenses 2017: $299,732Net Income 2017: -$22,8252017Revenue 2018: $326,829Expenses 2018: $323,104Net Income 2018: $3,7252018Revenue 2019: $341,985Expenses 2019: $324,709Net Income 2019: $17,2762019Revenue 2020: $321,751Expenses 2020: $293,498Net Income 2020: $28,2532020Revenue 2021: $284,467Expenses 2021: $298,232Net Income 2021: -$13,7652021Revenue 2022: $343,547Expenses 2022: $354,552Net Income 2022: -$11,0052022Revenue 2023: $372,505Expenses 2023: $398,785Net Income 2023: -$26,2802023Revenue 2024: $296,872Expenses 2024: $345,989Net Income 2024: -$49,1172024Revenue 2025: $344,128Expenses 2025: $351,996Net Income 2025: -$7,8682025

Highlighted filing

2020

Revenue$321,751
Expenses$293,498
Net Income$28,253
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Dec 14, 2020
Return Version
2019v5.0
Gross Receipts
$323,024
Mission and Program Overview

Mission

Social club at university of mn providing collegiate fraternity housing, activities and environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$22,231$50,484▲ $28,253
Savings and Temporary Cash Investments$4,990$35,558▲ $30,568
Cash and Non-Interest-Bearing Accounts$16,983$32,848▲ $15,865
Accounts Receivable$18,209$13,694▼ $4,515
Land, Buildings, and Equipment, Net$5,414$3,677▼ $1,737
Prepaid Expenses and Deferred Charges$2,537--
Investments Program Related$1,197$1,268▲ $71
Inventories for Sale or Use$300$200▼ $100
Total Assets$53,330$91,245▲ $37,915
Other Assets Total$3,700$4,000▲ $300
Liabilities
Accounts Payable and Accrued Expenses$19,518$19,495▼ $23
Other Liabilities$124$16,466▲ $16,342
Deferred Revenue$11,457$4,800▼ $6,657
Total Liabilities$31,099$40,761▲ $9,662
Net Assets / Fund Balance
Total Net Assets Fund Balance$22,231$50,484▲ $28,253
Total Liabilities and Net Assets / Fund Balance$53,330$91,245▲ $37,915

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,677$5,320-
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
William OkunoPresident
Calvin RobinsoExternal VP
William BeachInternal VP
Alex RingoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$314,955
Investment Income
$309
Other Revenue
$6,487
Change in Net Assets
$28,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$256,685
Salaries, Compensation, and Employee Benefits$34,161
Grants and Similar Amounts Paid$2,652
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$119,871--$119,871
Other Salaries and Wages$31,669--$31,669
Payments to Affiliates$25,255--$25,255
Insurance$12,369--$12,369
Fees for Services Accounting$4,895--$4,895
Grants to Domestic Orgs$2,652--$2,652
Payroll Taxes$2,492--$2,492
Depreciation Depletion$1,737--$1,737
Other Expenses$1,525--$1,525
Office Expenses$868--$868
All Other Expenses$280--$280
Advertising$278--$278
Interest$121--$121
Total Functional Expenses$293,498$0$0$293,498
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,280
Fundraising Direct Expenses$1,273
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Members Prepaid$16,466
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
No
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
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

Part VI, Section B Policies

“Form 990 is reviewed by the treasurer before signing and filing the tax return with the irs. It is not examined or reviewed by the entire membership.”

Filing and Contact Details

Filer

Filer Name
Chi Psi Fraternity
EIN
41-0704202
Phone
6126245015
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Alex Ringo
Title
Treasurer
Signed
2020-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Ringo
Legal Domicile
Mn
Voting Board Members
56
Independent Board Members
56
Employees
1
Volunteers
56

Preparer

Firm
Fraternity Purchasing Associ
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
Raw XML Appendix325 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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION B POLICIES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
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ReturnHeader/ReturnTs02020-12-15T13:01:10-06:00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$91,245
Liabilities
$40,761
Net assets
$50,484
Revenue
$321,751
Expenses
$293,498
Net income
$28,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.74$1.31$0.58$3.44$3.52$0.08
2024Detailed filing. Detailed filing data is available for this year.$0.83$1.33$0.50$2.97$3.46$0.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.88$0.01$3.73$3.99$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.73$1.47$0.26$3.44$3.55$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.67$0.30$0.37$2.84$2.98$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.41$0.50$3.22$2.93$0.28
2019Summary only. Only limited summary data is available for this year.$0.53$0.31$0.22$3.42$3.25$0.17
2018Summary only. Only limited summary data is available for this year.$0.66$0.61$0.05$3.27$3.23$0.04
2017Summary only. Only limited summary data is available for this year.$0.32$0.30$0.01$2.77$3.00$0.23
2015Summary only. Only limited summary data is available for this year.$0.48$0.38$0.10$2.28$2.29$0.01
2014Summary only. Only limited summary data is available for this year.$0.50$0.39$0.11$2.10$2.31$0.21
2013Summary only. Only limited summary data is available for this year.$0.11$0.00$1.54$1.48$0.06
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.85$0.89$0.04
2011Summary only. Only limited summary data is available for this year.$0.05$0.00$1.12$1.10$0.03