Civic Intelligence

Chi Psi Fraternity

990 • Fiscal year 2023 • EIN 41-0704202

Aug 01, 2022 to Jul 31, 2023 • Filed on Dec 13, 2023

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

97th percentile

1.01x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.24x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Net Margin

26th percentile

-7.1%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)7 • <$500k nonprofits • Source year 2023

Asset Growth

6th percentile

-50%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

56th percentile

8.4%

Faster revenue growth than 56% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$87,383

Down $85,661 (-50%) from 2022

Net Assets

Down

-$577

Down $26,280 (-102%) from 2022

Liabilities

Down

$87,960

Down $59,381 (-40%) from 2022

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin26th percentile

Revenue

Up

$372,505

Up $28,958 (+8.4%) from 2022

Expenses

Up

$398,785

Up $44,233 (+12%) from 2022

Net Income

Down

-$26,280

Down $15,275 (-139%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2023

Assets$87,383
Liabilities$87,960
Net Assets-$577
Open 2023 Filing

Operations Trend

Revenue Growth56th 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

2023

Revenue$372,505
Expenses$398,785
Net Income-$26,280
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Dec 13, 2023
Return Version
2022v5.0
Gross Receipts
$372,505
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$124,493$37,498▼ $86,995
Accounts Receivable$23,323$23,836▲ $513
Savings and Temporary Cash Investments$19,133$19,154▲ $21
Investments Program Related$1,190$1,435▲ $245
Prepaid Expenses and Deferred Charges-$1,260-
Land, Buildings, and Equipment, Net$655$0▼ $655
Inventories for Sale or Use$250$200▼ $50
Rtn Earn Endowment Incm Other Fnds$25,703$-577▼ $26,280
Total Assets$173,044$87,383▼ $85,661
Other Assets Total$4,000$4,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$142,841$83,560▼ $59,281
Deferred Revenue$4,500$4,400▼ $100
Total Liabilities$147,341$87,960▼ $59,381
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,703$-577▼ $26,280
Total Liabilities and Net Assets / Fund Balance$173,044$87,383▼ $85,661

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$8,209-
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Max SonstegardPresident
Sam EmpsonExternal VP
Charles SnelsonInternal VP
Zachary HansenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126
Program Service Revenue
$371,495
Investment Income
$387
Other Revenue
$497
All Other Contributions
$126
Change in Net Assets
$-26,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$360,144
Salaries, Compensation, and Employee Benefits$35,633
Grants and Similar Amounts Paid$3,008
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$184,786$0$0$184,786
Other Salaries and Wages$33,047$0$0$33,047
Payments to Affiliates$28,380$0$0$28,380
Insurance$13,176$0$0$13,176
Fees for Services Accounting$4,983$0$0$4,983
Conferences and Meetings$4,410$0$0$4,410
Grants to Domestic Orgs$3,008--$3,008
Payroll Taxes$2,586$0$0$2,586
Depreciation Depletion$655$0$0$655
Office Expenses$472$0$0$472
Interest$366$0$0$366
Other Expenses$134$0$0$134
Total Functional Expenses$398,785$0$0$398,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$369
Fundraising Direct Expenses$0
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 STE 111, MINNEAPOLIS, MN 55414

Signing Officer

Name
Sri Buridi
Title
Treasurer
Phone
6126245015
Signed
2023-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keillan Doyle
Formed
1874
Legal Domicile
Mn
Voting Board Members
59
Independent Board Members
59
Employees
1
Volunteers
59

Preparer

Firm
Fraternity Purchasing Association
Address
2221 University Ave SE Ste 11, Minneapolis, MN 55414
Preparer
Michelle Ballensky
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 Appendix351 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0142841
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt083560
IRS990/AccountsReceivableGrp/BOYAmt023323
IRS990/AccountsReceivableGrp/EOYAmt023836
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SOCIAL CLUB AT UNIVERSITY OF MN PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES AND ENVIRONMENT
IRS990/AllOtherContributionsAmt0126
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0ZACHARY HANSEN
IRS990/BooksInCareOfDetail/PhoneNum06513367741
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01515 UNIVERSITY AVE SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055414
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0124493
IRS990/CashNonInterestBearingGrp/EOYAmt037498
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04410
IRS990/ConferencesMeetingsGrp/TotalAmt04410
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0126
IRS990/CYGrantsAndSimilarPaidAmt03008
IRS990/CYInvestmentIncomeAmt0387
IRS990/CYOtherExpensesAmt0360144
IRS990/CYOtherRevenueAmt0497
IRS990/CYProgramServiceRevenueAmt0371495
IRS990/CYRevenuesLessExpensesAmt0-26280
IRS990/CYSalariesCompEmpBnftPaidAmt035633
IRS990/CYTotalExpensesAmt0398785
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0372505
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt04500
IRS990/DeferredRevenueGrp/EOYAmt04400
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0655
IRS990/DepreciationDepletionGrp/TotalAmt0655
IRS990/Desc0MEMBERSHIP WAS 59 MALE UNDERGRADUATE STUDENTS ATTENDING THE UNIVERSITY OF MINNESOTA HOUSING IS PROVIDED FOR UP TO 40 OF THESE MEN BOTH DURING THE ACADEMIC YEAR AND SUMMER MONTHS A FULL TIME CHEF IS EMPLOYED AND PREPARES MEALS FOR ALL MEMBERS OF THE FRATERNITY.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04983
IRS990/FeesForServicesAccountingGrp/TotalAmt04983
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0MAX SONSTEGARD
IRS990/Form990PartVIISectionAGrp/PersonNm1CHARLES SNELSON
IRS990/Form990PartVIISectionAGrp/PersonNm2SAM EMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm3ZACHARY HANSEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1INTERNAL VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXTERNAL VP
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01874
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt0369
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt059
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03008
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03008
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0372505
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt059
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitiationFeesAndCapContriAmt00
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt013176
IRS990/InsuranceGrp/TotalAmt013176
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt0366
IRS990/InterestGrp/TotalAmt0366
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0250
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0200
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0387
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0387
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01190
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01435
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08209
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0655
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt08209
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SOCIAL CLUB AT UNIVERSITY OF MN PROVIDING COLLEGIATE FRATERNITY HOUSING, ACTIVITIES AND ENVIRONMENT
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt025703
IRS990/NetAssetsOrFundBalancesEOYAmt0-577
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0369
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt0369
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0184786
IRS990/OccupancyGrp/TotalAmt0184786
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0472
IRS990/OfficeExpensesGrp/TotalAmt0472
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04000
IRS990/OtherAssetsTotalGrp/EOYAmt04000
IRS990/OtherExpensesGrp/Desc0DISBURSEMENTS FOR MEMBERS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0122782
IRS990/OtherExpensesGrp/ProgramServicesAmt1134
IRS990/OtherExpensesGrp/TotalAmt0122782
IRS990/OtherExpensesGrp/TotalAmt1134
IRS990/OtherRevenueMiscGrp/BusinessCd0813410
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0128
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0128
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0128
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033047
IRS990/OtherSalariesAndWagesGrp/TotalAmt033047
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt028380
IRS990/PaymentsToAffiliatesGrp/TotalAmt028380
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02586
IRS990/PayrollTaxesGrp/TotalAmt02586
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01260
IRS990/PrincipalOfficerNm0KEILLAN DOYLE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/BusinessCd1813410
IRS990/ProgramServiceRevenueGrp/BusinessCd2813410
IRS990/ProgramServiceRevenueGrp/Desc0RENT, BOARD
IRS990/ProgramServiceRevenueGrp/Desc1CHAPTER DUES
IRS990/ProgramServiceRevenueGrp/Desc2SOCIAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0274438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt187787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29270
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0905
IRS990/PYGrantsAndSimilarPaidAmt04087
IRS990/PYInvestmentIncomeAmt0439
IRS990/PYOtherExpensesAmt0316995
IRS990/PYOtherRevenueAmt01066
IRS990/PYProgramServiceRevenueAmt0341137
IRS990/PYRevenuesLessExpensesAmt0-11005
IRS990/PYSalariesCompEmpBnftPaidAmt033470
IRS990/PYTotalExpensesAmt0354552
IRS990/PYTotalRevenueAmt0343547
IRS990/ReconcilationRevenueExpnssAmt0-26280
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025703
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-577
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019133
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019154
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08209
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt08209
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0173044
IRS990/TotalAssetsEOYAmt087383
IRS990/TotalAssetsGrp/BOYAmt0173044
IRS990/TotalAssetsGrp/EOYAmt087383
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0126
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0398785
IRS990/TotalFunctionalExpensesGrp/TotalAmt0398785
IRS990/TotalGrossUBIAmt0756
IRS990/TotalLiabilitiesBOYAmt0147341
IRS990/TotalLiabilitiesEOYAmt087960
IRS990/TotalLiabilitiesGrp/BOYAmt0147341
IRS990/TotalLiabilitiesGrp/EOYAmt087960
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt025703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-577
IRS990/TotalProgramServiceRevenueAmt0371495
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0371623
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372505
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0756
IRS990/TotalVolunteersCnt059
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0173044
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087383
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt01515 UNIVERSITY AVE SE
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055414
IRS990/VotingMembersGoverningBodyCnt059
IRS990/VotingMembersIndependentCnt059
IRS990/WebsiteAddressTxt0CHIPSIUMN.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SRI BURIDI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06126245015
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHI PSI FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0CHIP
ReturnHeader/Filer/EIN0410704202
ReturnHeader/Filer/PhoneNum06126245015
ReturnHeader/Filer/USAddress/AddressLine1Txt02221 UNIVERSITY AVE SE STE 111
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055414
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410265424
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Fraternity Purchasing Association
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/PreparationDt02023-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE BALLENSKY
ReturnHeader/ReturnTs02023-12-15T08:16:06-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SRI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BURIDI
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$87,383
Liabilities
$87,960
Net assets
-$577
Revenue
$372,505
Expenses
$398,785
Net income
-$26,280
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
2023Detailed filing. Detailed filing data is available for this year.$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