Civic Intelligence

Chi Psi Fraternity

990 • Fiscal year 2022 • EIN 41-0704202

Aug 01, 2021 to Jul 31, 2022 • Filed on Dec 13, 2022

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

(612) 624-5015

Siviq Scores

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

Liabilities / Assets

95th percentile

0.85x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

0.43x

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

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

34th percentile

-3.2%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

98th percentile

160%

Faster asset growth than 98% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

21%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$173,044

Up $106,423 (+160%) from 2021

Net Assets

Down

$25,703

Down $11,017 (-30%) from 2021

Liabilities

Up

$147,341

Up $117,440 (+393%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin34th percentile

Revenue

Up

$343,547

Up $59,080 (+21%) from 2021

Expenses

Up

$354,552

Up $56,320 (+19%) from 2021

Net Income

Up

-$11,005

Up $2,760 (+20%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2022

Assets$173,044
Liabilities$147,341
Net Assets$25,703
Open 2022 Filing

Operations Trend

Revenue Growth60th 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

2022

Revenue$343,547
Expenses$354,552
Net Income-$11,005
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Dec 13, 2022
Return Version
2021v4.1
Gross Receipts
$343,649
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,439$124,493▲ $100,054
Rtn Earn Endowment Incm Other Fnds$36,720$25,703▼ $11,017
Accounts Receivable$16,046$23,323▲ $7,277
Savings and Temporary Cash Investments$19,131$19,133▲ $2
Investments Program Related$840$1,190▲ $350
Land, Buildings, and Equipment, Net$1,965$655▼ $1,310
Inventories for Sale or Use$200$250▲ $50
Total Assets$66,621$173,044▲ $106,423
Other Assets Total$4,000$4,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$23,101$142,841▲ $119,740
Deferred Revenue$6,800$4,500▼ $2,300
Total Liabilities$29,901$147,341▲ $117,440
Net Assets / Fund Balance
Total Net Assets Fund Balance$36,720$25,703▼ $11,017
Total Liabilities and Net Assets / Fund Balance$66,621$173,044▲ $106,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$655$8,342-
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Edwin CarpenterPresident
Evan LephartExternal VP
Andres Garcia-velezInternal VP
Elijah Van Der SmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$905
Program Service Revenue
$341,137
Investment Income
$439
Other Revenue
$1,066
All Other Contributions
$905
Change in Net Assets
$-11,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$316,995
Salaries, Compensation, and Employee Benefits$33,470
Grants and Similar Amounts Paid$4,087
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$0$0$177,661
Other Salaries and Wages$0$0$0$30,929
Payments to Affiliates$0$0$0$27,960
Insurance$0$0$0$9,856
Fees for Services Accounting$0$0$0$4,957
Grants to Domestic Orgs$0--$4,087
Payroll Taxes$0$0$0$2,541
Office Expenses$0$0$0$1,703
Depreciation Depletion$0$0$0$1,310
Interest$0$0$0$683
Other Expenses$0$0$0$322
Total Functional Expenses$0$0$0$354,552
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$487
Fundraising Direct Expenses$102
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
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
Filing and Contact Details

Filer

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

Signing Officer

Name
Zachary Hansen
Title
Treasurer
Phone
6126245015
Signed
2022-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zachary Hansen
Formed
1874
Legal Domicile
Mn
Voting Board Members
64
Independent Board Members
64
Employees
1
Volunteers
59

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Ruth Enge
Phone
6126245015
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Yes, the organization has members”

Pt VI, Line 7A

“Yes, the members have the ability to elect or appoint one or more members of the governing board”

Pt VI, Line 7B

“Yes, certain governance decisions of the organization are subject to approval by members other than the governing board - such as changing the by-laws”

Pt VI, Line 8B

“Meetings are not documented by any committees”

Pt VI, Line 11B

“The treasurer reviews and signs the 990 prior to filing”

Pt VI, Line 19

“Governing documents and financial information is made available upon request.”

Raw XML Appendix345 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/ExplanationTxt0YES, THE ORGANIZATION HAS MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, THE MEMBERS HAVE THE ABILITY TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, CERTAIN GOVERNANCE DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY MEMBERS OTHER THAN THE GOVERNING BOARD - SUCH AS CHANGING THE BY-LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEETINGS ARE NOT DOCUMENTED BY ANY COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER REVIEWS AND SIGNS THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL INFORMATION IS MADE AVAILABLE UPON REQUEST.
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IRS990/TotalContributionsAmt0905
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0354552
IRS990/TotalGrossUBIAmt0824
IRS990/TotalLiabilitiesBOYAmt029901
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025703
IRS990/TotalProgramServiceRevenueAmt0341137
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0341818
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0343547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0824
IRS990/TotalVolunteersCnt059
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0173044
IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ZACHARY HANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-13
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ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE - SUITE 111
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02221 University Ave SE Ste 11
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055414
ReturnHeader/PreparerPersonGrp/PhoneNum06126245015
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUTH ENGE
ReturnHeader/ReturnTs02022-12-13T11:32:05-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ZACHARY
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ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$173,044
Liabilities
$147,341
Net assets
$25,703
Revenue
$343,547
Expenses
$354,552
Net income
-$11,005
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
2022Detailed filing. Detailed filing data is available for this year.$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