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← PSI UPSILON TR ASSOCIATION OF SYRACUSE

Form 990 for tax year 2022

Filed by PSI UPSILON TR ASSOCIATION OF SYRACUSE.

Totals

Total revenue
$528,541
Total expenses
$431,715
Contributions and grants received
$137,103
Grants paid
$1,964
Program service revenue
$385,715
Investment income
$4
Other revenue
$5,719
Total assets, end of year
$1,003,154
Total liabilities, end of year
$167,781
Net assets or fund balances, end of year
$835,373
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $137,103

  • 2a · Program service revenue: ROOM AND BOARD

    total $269,305 · related or exempt $269,305

  • 2b · Program service revenue: DUES AND FEES

    total $61,490 · related or exempt $61,490

  • 2c · Program service revenue: SOCIAL

    total $52,045 · related or exempt $52,045

  • 2d · Program service revenue: PARLOR

    total $2,875 · related or exempt $2,875

  • 3 · Investment income

    total $4 · unrelated business $4

  • 8a · Fundraising events: gross income

    $625

  • 8b · Fundraising events: direct expenses

    $1,933

  • 8c · Net income from fundraising events

    total -$1,308 · excluded -$1,308

  • 11a · Other revenue: PRIOR YEAR INCOME

    total $7,027 · related or exempt $7,027

  • 11e · Other revenue, total

    $7,027

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,964

  • 11c · Fees: accounting

    total $18,448

  • 11g · Fees: other

    total $1,820

  • 16 · Occupancy

    total $147,238

  • 19 · Conferences, conventions and meetings

    total $1,620

  • 20 · Interest

    total $4,984

  • 22 · Depreciation, depletion and amortization

    total $29,000

  • 24a · Other expenses: CATERING

    total $90,041

  • 24b · Other expenses: SOCIAL

    total $58,015

  • 24c · Other expenses: DUES AND FEES

    total $26,995

  • 24d · Other expenses: INITIATION

    total $19,374

  • 24e · All other expenses

    total $32,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,829 · end of year $20,750

  • 2 · Savings and temporary cash investments

    beginning of year $6,278 · end of year $6,283

  • 4 · Accounts receivable

    beginning of year $41,382 · end of year $48,300

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,800 · end of year $1,800

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

    $1,623,392

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

    $704,421

  • 10c · Land, buildings and equipment, net

    beginning of year $817,074 · end of year $918,971

  • 15 · Other assets

    beginning of year $7,050 · end of year $7,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $135 · end of year $6,536

  • 22 · Loans and payables to officers and key people

    beginning of year $40,071 · end of year $15,071

  • 24 · Unsecured notes and loans payable

    beginning of year $80,000 · end of year $98,814

  • 25 · Other liabilities

    beginning of year $27,732 · end of year $47,360

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $733,475 · end of year $835,373

Mission and programs · 2022

Mission

SEE BELOW.

Activities or mission (Part I)

THE BROTHERS OF PSI UPSILON ARE A SELECT GROUP OF INDIVIDUALS SHARING SIMILAR IDEALS, HOPES, AND PURPOSES, BONDED TOGETHER BY DEEP FRIENDSHIP AND MUTUAL UNDERSTANDING. SUCH A BOND PROVIDES THE FOUNDATION WHICH ENABLES THE COLLEGE STUDENT TO BECOME A POISED AND SELF-CONFIDENT ADULT, EQUIPPED WITH A KEENER MIND, A GREATER APPRECIATION, AND BROADER SYMPATHIES. THIS BOND IS FURTHER FORTIFIED BY A GROUP OF TRUE AND UNDERSTANDING FRIENDS WHO WILL STAND BY HIM THROUGHOUT LIFE. THE OUTWARD MANIFESTATION OF THE PHILOSOPHICAL UNDERPINNINGS OF PSI UPSILON ARE THE WAYS IN WHICH WE TREAT OURSELVES, EACH OTHER, AND THOSE AROUND US.

  • TO PROVIDE ROOM, BOARD AND FELLOWSHIP TO MEMBERS OF COLLEGE FRATERNITY.

As filed on the 2022 return.

Listed in Part VII

  • Luke Samuels

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Anthony Armano

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Myles Adelstein

    2ND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jackson Rover

    3RD VP/ TREASURER FOR 2023 TAX YEAR

    Total calculated
    $0
    Hours/week
    1

  • Antonio Fanelli

    TREASURER FOR 2022 TAX YEAR

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323179349306232

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