Civic Intelligence

Chi Psi Fraternity (Alpha Sigma of Chi Psi)

990 • Fiscal year 2024 • EIN 56-0548040

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 28, 2025

Organization ProfileWWW.CHIPSIUNC.ORG
321 West Cameron AvenueChapel Hill, NC 27516

(919) 968-9062

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

32nd percentile

-0.5%

Higher net margin than 32% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$225

Higher top officer pay than 88% of similar nonprofits.

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

2024 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

3rd percentile

-37%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-1.2%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$6,580

Down $3,917 (-37%) from 2023

Net Assets

Down

$6,580

Down $3,917 (-37%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin32nd percentile

Revenue

Down

$739,576

Down $9,100 (-1.2%) from 2023

Expenses

Up

$743,493

Up $1,560 (+0.2%) from 2023

Net Income

Down

-$3,917

Down $10,660 (-158%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$40K$30K$20K$10K$0Assets 2017: $37,386Liabilities 2017: $0Net Assets 2017: $37,3862017Assets 2018: $25,925Liabilities 2018: $0Net Assets 2018: $25,9252018Assets 2019: $38,952Liabilities 2019: $0Net Assets 2019: $38,9522019Assets 2021: $18,090Liabilities 2021: $0Net Assets 2021: $18,0902021Assets 2022: $3,749Liabilities 2022: $0Net Assets 2022: $3,7492022Assets 2023: $10,497Liabilities 2023: $0Net Assets 2023: $10,4972023Assets 2024: $6,580Liabilities 2024: $0Net Assets 2024: $6,5802024

Highlighted filing

2024

Assets$6,580
Liabilities$0
Net Assets$6,580
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2017: $590,587Expenses 2017: $630,508Net Income 2017: -$39,9212017Revenue 2018: $609,051Expenses 2018: $620,871Net Income 2018: -$11,8202018Revenue 2019: $539,489Expenses 2019: $526,461Net Income 2019: $13,0282019Revenue 2021: $328,529Expenses 2021: $342,899Net Income 2021: -$14,3702021Revenue 2022: $557,095Expenses 2022: $571,436Net Income 2022: -$14,3412022Revenue 2023: $748,676Expenses 2023: $741,933Net Income 2023: $6,7432023Revenue 2024: $739,576Expenses 2024: $743,493Net Income 2024: -$3,9172024

Highlighted filing

2024

Revenue$739,576
Expenses$743,493
Net Income-$3,917
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 28, 2025
Return Version
2023v6.0
Gross Receipts
$739,576
Mission and Program Overview

Mission

To advance the intellectual, moral, and social lives of its members; to foster brotherhood by bettering ourselves, our university, and our nation; and to develop true gentlemen in every sense of the word. The organizations significant activities involve providing housing and food for many of our members, engaging in philanthropic activities, providing members with leadership and learning opportunities (within and outside the fraternity) and holding social events.

To foster brotherhood by bettering ourselves, our university, and our nation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,497$6,580▼ $3,917
Total Assets$10,497$6,580▼ $3,917
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,497$6,580▼ $3,917
Total Net Assets Fund Balance$10,497$6,580▼ $3,917
Total Liabilities and Net Assets / Fund Balance$10,497$6,580▼ $3,917
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Blake WanderseeKitchen ManagerPT$225$225
Walker HuffTreasurer (from Spring 24)-$75$75

Board Members and Trustees

NameTitle
Jt TygartPresident
Camden DinkenorCo-lodge Manager
Jake SpivaCo-lodge Manager
Luke RheneyTreasurer (thr Spring 24)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$739,576
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$720,214
Grants and Similar Amounts Paid$23,279
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$252,893
Other Expenses---$42,954
Insurance---$25,384
Grants to Domestic Individuals---$22,049
Travel---$3,522
Fees for Services Accounting---$3,150
Grants to Domestic Orgs---$1,230
Total Functional Expenses$0$0$0$743,493
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The membership of the alpha sigma chapter of the chi psi fraternity consisted of all initiated members of the fraternity. For the 2023 tax year, the chapter consisted of 91 members.”

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

“All active members are eligible to vote in members of the governing body during bi-annual elections. To qualify under active status, a member must be an undergraduate student of the university of north carolina at chapel hill and fulfill all financial obligations to the chapter.”

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

“Many significant decisions of the elected officers are subject to approval by a majority vote, which comes from the decision being voted on by all active and present members of the organization. To qualify under active status, a member must be an undergraduate student of the university of north carolina at chapel hill and fulfill all financial obligations to the chapter.”

Form 990, Part VI, Section B, Line 11B

“The form was prepared by the organizations treasurer with the help of hired accountants, and was provided to the chapters governing board prior to filing.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Chi Psi Fraternity
EIN
56-0548040
Phone
9199689062
Address
321 WEST CAMERON AVENUE, CHAPEL HILL, NC 27516

Signing Officer

Name
Walker Huff
Title
Treasurer
Phone
9199689062
Signed
2025-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jt Tygart
Formed
1928
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
91

Preparer

Firm
Blackman & Sloop Advisors Inc
Address
1414 RALEIGH ROAD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Elizabeth Mauch
Phone
9199428700
Raw XML Appendix285 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-LODGE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER (FROM SPRING 24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER (THR SPRING 24)
IRS990/Form990PartVIISectionAGrp/TitleTxt3CO-LODGE MANAGER
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
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IRS990/MissionDesc0TO ADVANCE THE INTELLECTUAL, MORAL, AND SOCIAL LIVES OF ITS MEMBERS; TO FOSTER BROTHERHOOD BY BETTERING OUTSELVES, OUR UNIVERSITY, AND OUR NATION; AND TO DEVELOP TRUE GENTLEMEN IN EVERY SENSE OF THE WORD. THE ORGANIZATIONS SIGNIFICANT ACTIVITIES INVOLVE PROVIDING HOUSING AND FOOD FOR MANY OF OUR MEMBERS, ENGAGING IN PHILANTHROPIC ACTIVITIES, PROVIDING MEMBERS WITH LEADERSHIP AND LEARNING OPPORTUNITIES (WITHIN AND OUTSIDE THE FRATERNITY) AND HOLDING SOCIAL EVENTS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVISION OF MEALS TO ORGANIZATION MEMBERS. COMMUNAL MEALS ARE PROVIDED IN ORDER TO FOSTER BROTHERHOOD AND FRATERNITY.
IRS990/ProgSrvcAccomActy3Grp/Desc0PARTICIPATION IN ACTIVITIES FOCUSED ON COMMUNITY INVOLVEMENT AND IMPROVEMENT. EXAMPLES INCLUDE PROVIDING PHYSICAL VOLUNTEERS IN THE FORM OF THE MEMBERS, BUT ALSO HOLDING PHILANTHROPIC EVENTS THAT ALLOW MEMBERS TO RAISE MONEY FOR CHARITIES. PARTICIPATION IS FREQUENTLY RELATED TO EVENTS HELD BY THE CHARITIES FOR WHICH THE ORGANIZATION RAISES MONEY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERSHIP OF THE ALPHA SIGMA CHAPTER OF THE CHI PSI FRATERNITY CONSISTED OF ALL INITIATED MEMBERS OF THE FRATERNITY. FOR THE 2023 TAX YEAR, THE CHAPTER CONSISTED OF 91 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL ACTIVE MEMBERS ARE ELIGIBLE TO VOTE IN MEMBERS OF THE GOVERNING BODY DURING BI-ANNUAL ELECTIONS. TO QUALIFY UNDER ACTIVE STATUS, A MEMBER MUST BE AN UNDERGRADUATE STUDENT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND FULFILL ALL FINANCIAL OBLIGATIONS TO THE CHAPTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANY SIGNIFICANT DECISIONS OF THE ELECTED OFFICERS ARE SUBJECT TO APPROVAL BY A MAJORITY VOTE, WHICH COMES FROM THE DECISION BEING VOTED ON BY ALL ACTIVE AND PRESENT MEMBERS OF THE ORGANIZATION. TO QUALIFY UNDER ACTIVE STATUS, A MEMBER MUST BE AN UNDERGRADUATE STUDENT OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL AND FULFILL ALL FINANCIAL OBLIGATIONS TO THE CHAPTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM WAS PREPARED BY THE ORGANIZATIONS TREASURER WITH THE HELP OF HIRED ACCOUNTANTS, AND WAS PROVIDED TO THE CHAPTERS GOVERNING BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHI PSI FRATERNITY
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027516
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561304727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLACKMAN & SLOOP ADVISORS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01414 RALEIGH ROAD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAPEL HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027517
ReturnHeader/PreparerPersonGrp/PhoneNum09199428700
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH MAUCH
ReturnHeader/ReturnTs02025-02-06T07:56:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,580
Liabilities
$0
Net assets
$6,580
Revenue
$739,576
Expenses
$743,493
Net income
-$3,917
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$7.40$7.43$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$7.49$7.42$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$5.57$5.71$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$3.29$3.43$0.14
2019Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$5.39$5.26$0.13
2018Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$6.09$6.21$0.12
2017Summary only. Only limited summary data is available for this year.$0.37$0.00$0.37$5.91$6.31$0.40