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Nonprofiteer
← PSI UPSILON FOUNDATION INC

Form 990 for tax year 2022

Filed by PSI UPSILON FOUNDATION INC.

Totals

Total revenue
$534,026
Total expenses
$637,332
Contributions and grants received
$487,040
Grants paid
$92,435
Program service revenue
$0
Investment income
$46,986
Other revenue
$0
Total assets, end of year
$2,384,126
Total liabilities, end of year
$69,577
Net assets or fund balances, end of year
$2,314,549
Program services expenses (Part IX)
$307,404
Management and general expenses
$136,224
Fundraising expenses
$193,704
Program service expenses (Part III)
$307,404

Program services were 48.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $487,040

  • 3 · Investment income

    total $46,986 · excluded $46,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,000 · program services $42,000

  • 2 · Grants to domestic individuals

    total $50,435 · program services $50,435

  • 7 · Other salaries and wages

    total $204,159 · program services $102,079 · management and general $30,624 · fundraising $71,456

  • 8 · Pension plan contributions

    total $2,454 · program services $1,227 · management and general $368 · fundraising $859

  • 9 · Other employee benefits

    total $10,852 · program services $5,426 · management and general $1,628 · fundraising $3,798

  • 10 · Payroll taxes

    total $9,152 · program services $4,576 · management and general $1,373 · fundraising $3,203

  • 11b · Fees: legal

    total $7,974 · management and general $7,974

  • 11g · Fees: other

    total $36,145 · management and general $36,145

  • 13 · Office expenses

    total $88,375 · program services $2,753 · management and general $4,039 · fundraising $81,583

  • 14 · Information technology

    total $35,029 · management and general $9,183 · fundraising $25,846

  • 16 · Occupancy

    total $30,083 · management and general $30,083

  • 17 · Travel

    total $17,531 · program services $17,104 · management and general $185 · fundraising $242

  • 19 · Conferences, conventions and meetings

    total $23,584 · program services $18,488 · management and general $631 · fundraising $4,465

  • 22 · Depreciation, depletion and amortization

    total $498 · management and general $498

  • 23 · Insurance

    total $4,250 · management and general $4,250

  • 24a · Other expenses: ALUMNI RELATIONS

    total $62,735 · program services $62,735

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $12,076 · program services $581 · management and general $9,243 · fundraising $2,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,742 · end of year $83,699

  • 3 · Pledges and grants receivable

    beginning of year $53,993 · end of year $68,609

  • 4 · Accounts receivable

    beginning of year $5,786 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,975

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,009

  • 10c · Land, buildings and equipment, net

    beginning of year $4,463 · end of year $3,966

  • 11 · Investments: publicly traded securities

    beginning of year $2,189,565 · end of year $2,188,562

  • 14 · Intangible assets

    beginning of year $24,604 · end of year $30,674

  • 15 · Other assets

    beginning of year $8,616 · end of year $8,616

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,220 · end of year $69,577

  • 27 · Net assets without donor restrictions

    beginning of year $453,316 · end of year $319,447

  • 28 · Net assets with donor restrictions

    beginning of year $1,773,233 · end of year $1,995,102

Mission and programs · 2022

Mission

THE PSI UPSILON FOUNDATION PROVIDES VALUE BASED LEADERSHIP DEVELOPMENT OPPORTUNITIES, CHARACTER-BUILDING EXPERIENCES AND PERSONAL DEVELOPMENT THROUGH EXPERIENTIAL LEARNING, EDUCATIONAL PROGRAMS AND PARTICIPATION IN SELF-GOVERNANCE. THE FOUNDATION PROVIDES MERIT AND NEED BASED SCHOLARSHIPS TO MEMBERS WHO HAVE DEMONSTRATED A COMMITMENT TO MORAL, INTELLECTUAL, AND SOCIAL EXCELLENCE.

Activities or mission (Part I)

PROVIDES VALUE BASED LEADERSHIP DEVELOPMENT OPPORTUNITIES AND SCHOLARSHIPS FOR MEMBERS.

  • EDUCATIONAL PROGRAMMING PROVIDED BY THE FOUNDATION TO UNDERGRADUATE MEMBERS OF PSI UPSILON FRATERNITY. PROGRAMMING WAS MADE AVAILABLE TO ALL CONVENTION DELEGATES AT THE ANNUAL LEADERSHIP INSTITUTE WHICH FEATURED SESSIONS OF LEADERSHIP SKILLS AND ORGANIZATIONAL MANAGEMENT. PROFESSIONAL STAFF MAKE ON CAMPUS VISITS AND ARE AVAILABLE FOR CONSULTATION VIA TELEPHONE OR E-MAIL THROUGHOUT THE YEAR.

    Expenses $265,404 · Grants $50,435

  • GRANTS TO PSI UPSILON FRATERNITY TO SUPPORT ITS EDUCATIONAL PROGRAMS AT THE CHAPTER LEVEL. EVERY CHAPTER OF PSI UPSILON FRATERNITY RECEIVED AT LEAST ONE VISIT FROM A PROFESSIONAL STAFF MEMBER. EACH VISIT INCLUDED INSTRUCTION ON CIVIC RESPONSIBILITY, MANAGEMENT OF HUMAN RESOURCES, COMMUNITY SERVICE, FINANCIAL AND RISK MANAGEMENT, EFFECTIVE COMMUNICATION, AND ELIMINATIONS OF DRUG AND ALCOHOL ABUSE AND SEXUAL ASSAULTS. THE CHAPTER PRESIDENT FROM EACH ACTIVE CHAPTER OF PSI UPSILON FRATERNITY WAS INVITED TO A WEEKEND PROGRAM (THE PSI UPSILON ARCHON'S ACADEMY) TO LEARN ADDITIONAL SKILLS IN LEADERSHIP, DELEGATION, CONFLICT RESOLUTION, PARLIAMENTARY PROCEDURE, TIME MANAGEMENT, RISK MANAGEMENT, AND CONSENSUS BUILDING.

    Expenses $42,000 · Grants $42,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander C Senchak

    CHAIR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Matthew John Eckenrode

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • J Martin Brayboy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John Fh Ong

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Patrick J Gilrane

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    2

  • Gary G Pan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Garrett W Gleim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lawrence D Rakers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Douglas M Jackman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James T Volpentest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401359349308150

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