Totals
- Total revenue
- $603,915
- Total expenses
- $715,175
- Contributions and grants received
- $547,773
- Grants paid
- $155,219
- Program service revenue
- $0
- Investment income
- $55,315
- Other revenue
- $827
- Total assets, end of year
- $2,574,637
- Total liabilities, end of year
- $146,576
- Net assets or fund balances, end of year
- $2,428,061
- Program services expenses (Part IX)
- $425,534
- Management and general expenses
- $143,793
- Fundraising expenses
- $145,848
- Program service expenses (Part III)
- $425,534
Program services were 59.5% 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
$547,773
-
3 · Investment income
total $49,450 · excluded $49,450
-
7a · Gross sales of assets other than inventory
securities $5,865
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $5,865
-
7d · Net gain or loss
total $5,865 · excluded $5,865
-
11a · Other revenue: OTHER REVENUE
total $827 · excluded $827
-
11e · Other revenue, total
$827
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $61,161 · program services $61,161
-
2 · Grants to domestic individuals
total $94,058 · program services $94,058
-
7 · Other salaries and wages
total $211,342 · program services $110,451 · management and general $76,187 · fundraising $24,704
-
8 · Pension plan contributions
total $2,600 · program services $2,600
-
9 · Other employee benefits
total $17,741 · program services $17,148 · management and general $593
-
10 · Payroll taxes
total $14,305 · program services $6,753 · management and general $5,643 · fundraising $1,909
-
11b · Fees: legal
total $8,473 · fundraising $8,473
-
11c · Fees: accounting
total $20,500 · management and general $20,500
-
11g · Fees: other
total $4,347 · program services $550 · management and general $3,172 · fundraising $625
-
13 · Office expenses
total $86,253 · program services $49,794 · management and general $2,386 · fundraising $34,073
-
14 · Information technology
total $39,827 · program services $5,427 · management and general $9,184 · fundraising $25,216
-
16 · Occupancy
total $20,038 · management and general $20,038
-
19 · Conferences, conventions and meetings
total $110,717 · program services $68,402 · fundraising $42,315
-
22 · Depreciation, depletion and amortization
total $695 · management and general $695
-
23 · Insurance
total $4,854 · management and general $4,854
-
24a · Other expenses: OTHER EXPENSES
total $18,264 · program services $9,190 · management and general $541 · fundraising $8,533
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,582 · end of year $7,084
-
3 · Pledges and grants receivable
beginning of year $98,085 · end of year $161,359
-
4 · Accounts receivable
beginning of year $6,548 · end of year $6,670
-
9 · Prepaid expenses and deferred charges
beginning of year $9,221 · end of year $9,012
-
10a · Land, buildings and equipment: cost or other basis
$4,975
-
10b · Land, buildings and equipment: accumulated depreciation
$2,398
-
10c · Land, buildings and equipment, net
beginning of year $3,190 · end of year $2,577
-
11 · Investments: publicly traded securities
beginning of year $2,191,628 · end of year $2,287,901
-
15 · Other assets
beginning of year $279,412 · end of year $100,034
-
17 · Accounts payable and accrued expenses
beginning of year $59,295 · end of year $69,655
-
19 · Deferred revenue
end of year $4,958
-
25 · Other liabilities
beginning of year $250,500 · end of year $71,963
-
27 · Net assets without donor restrictions
beginning of year -$6,535 · end of year $217,985
-
28 · Net assets with donor restrictions
beginning of year $2,313,406 · end of year $2,210,076
Mission and programs · 2024
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. 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 $364,373 · Grants $94,058
-
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 $61,161 · Grants $61,161
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Alexander C SenchakALEXANDER C SENCHAK
CHAIR AND PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Matthew John EckenrodeMATTHEW JOHN ECKENRODE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
J Martin BrayboyJ MARTIN BRAYBOY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John F H OngJOHN F H ONG
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patrick J GilranePATRICK J GILRANE
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Gary G PanGARY G PAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Garrett W GleimGARRETT W GLEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence D RakersLAWRENCE D RAKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas M JackmanDOUGLAS M JACKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James T VolpentestJAMES T VOLPENTEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer M RoperJENNIFER M ROPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Apurva UpadhyayAPURVA UPADHYAY
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
-
$61,161
EDUCATIONAL PROGRAMS
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.
-
501(C)(7) · LEADERSHIP · IN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601329349304470
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