Civic Intelligence

Chi Psi Fraternity

990 • Fiscal year 2021 • EIN 41-0704202

Aug 01, 2020 to Jul 31, 2021 • Filed on Dec 08, 2021

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

(651) 346-8157

Siviq Scores

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

Liabilities / Assets

89th percentile

0.45x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.11x

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

29th percentile

-4.8%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

11th percentile

-27%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

-12%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$66,621

Down $24,624 (-27%) from 2020

Net Assets

Down

$36,720

Down $13,764 (-27%) from 2020

Liabilities

Down

$29,901

Down $10,860 (-27%) from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin29th percentile

Revenue

Down

$284,467

Down $37,284 (-12%) from 2020

Expenses

Up

$298,232

Up $4,734 (+1.6%) from 2020

Net Income

Down

-$13,765

Down $42,018 (-149%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2021

Assets$66,621
Liabilities$29,901
Net Assets$36,720
Open 2021 Filing

Operations Trend

Revenue Growth32nd 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

2021

Revenue$284,467
Expenses$298,232
Net Income-$13,765
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Dec 8, 2021
Return Version
2020v4.0
Gross Receipts
$284,497
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$50,484$36,720▼ $13,764
Cash and Non-Interest-Bearing Accounts$32,848$24,439▼ $8,409
Savings and Temporary Cash Investments$35,558$19,131▼ $16,427
Accounts Receivable$13,694$16,046▲ $2,352
Land, Buildings, and Equipment, Net$3,677$1,965▼ $1,712
Investments Program Related$1,268$840▼ $428
Inventories for Sale or Use$200$200→ $0
Total Assets$91,245$66,621▼ $24,624
Other Assets Total$4,000$4,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,495$23,101▲ $3,606
Other Liabilities$16,466--
Deferred Revenue$4,800$6,800▲ $2,000
Total Liabilities$40,761$29,901▼ $10,860
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,484$36,720▼ $13,764
Total Liabilities and Net Assets / Fund Balance$91,245$66,621▼ $24,624

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,965$7,032-
Other Assets Org$4,000--
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Ian StratmoenPresident
Thomas HaggardExternal VP
Ryan EasterInternal VP
Elijah VandersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$525
Program Service Revenue
$283,443
Investment Income
$82
Other Revenue
$417
All Other Contributions
$525
Change in Net Assets
$-13,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,023
Salaries, Compensation, and Employee Benefits$33,874
Grants and Similar Amounts Paid$2,335
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$158,078--$158,078
Other Salaries and Wages$31,378--$31,378
Insurance$12,279--$12,279
Payments to Affiliates$10,290--$10,290
Fees for Services Accounting$4,961--$4,961
Payroll Taxes$2,496--$2,496
Grants to Domestic Orgs$2,335--$2,335
Conferences and Meetings$1,830--$1,830
Depreciation Depletion$1,713--$1,713
Office Expenses$1,291--$1,291
Other Expenses$502--$502
Interest$41--$41
Total Functional Expenses$298,232$0$0$298,232
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$390
Fundraising Direct Expenses$30
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
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, Secton 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
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Elijah Van Der Sman
Title
Treasurer
Signed
2021-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elijah Van Der Sman
Legal Domicile
Mn
Voting Board Members
54
Independent Board Members
54
Employees
0
Volunteers
54

Preparer

Firm
Fraternity Purchasing Associ
Address
2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN 55414
Preparer
Michelle Ballensky
Phone
6126245015
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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, SECTON B POLICIES
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-08
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ALPHA NU
ReturnHeader/Filer/BusinessNameControlTxt0CHIP
ReturnHeader/Filer/EIN0410704202
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRATERNITY PURCHASING ASSOCI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02021-12-09T12:31:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELIJAH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VAN DER SMAN
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,621
Liabilities
$29,901
Net assets
$36,720
Revenue
$284,467
Expenses
$298,232
Net income
-$13,765
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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