Chi Psi Educational Trust Inc
- Assets
- $16.5m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2003
- Data as of
- 06/2020
- EIN
- 03-0386312
Organization Overview
Chi Psi Educational Trust Inc is located in Nashville, TN. The organization was established in 2003. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chi Psi Educational Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Chi Psi Educational Trust Inc generated $11.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $1.3m during the year ending 06/2020. While expenses have increased by 13.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Chi Psi Educational Trust Inc has awarded 20 individual grants totaling $2,353,101. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CHI PSI EDUCATIONAL TRUST, INC. SERVES TO DEVELOP, FUND, AND IMPLEMENT LEADERSHIP AND SERVICE PROGRAMS AVAILABLE TO ALL MEMBERS OF CHI PSI FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CONVENTIONS AND SEMINARS - PROMOTES HIGHER EDUCATION AND SELF DEVELOPMENT. 11 EDUCATIONAL PROGRAMS WERE PROVIDED AND 10 FACILITATORS COMPLETED THESE PROGRAMS. 4 LEADERSHIP PROGRAMS WERE PROVIDED WITH 133 DELEGATES AT THE 179TH SPENCER INSTITUTE, 36 DELEGATES AT THE 10TH VIRTUAL MID-YEAR LEADERSHIP RETREAT, AND 156 DELEGATES AT THE VIRTUAL ROWE REGIONAL CONFERENCES.
FELLOWSHIPS, GRANTS, AND SCHOLARSHIPS - PROVIDES THE PROMOTION OF HIGHER EDUCATION. AWARDED 42 MERIT-BASED ACADEMIC FINANCIAL AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Crow Chairman | OfficerTrustee | 15 | $0 |
Sam Bessey Executive Director | Officer | 55 | $0 |
Charles V O'boyle Trustee | Trustee | 5 | $0 |
DE Whitfield Trustee | Trustee | 5 | $0 |
V Seenu Reddy Trustee | Trustee | 5 | $0 |
Julian B Emerson Trustee | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,340,057 |
| Investment income | $96,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$90,699 |
| Net Gain/Loss on Asset Sales | $574,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,919,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $154,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,752 |
| Fees for services: Accounting | $16,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,821 |
| All other expenses | $0 |
| Total functional expenses | $1,327,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,082 |
| Savings and temporary cash investments | $286,618 |
| Pledges and grants receivable | $7,964,985 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $7,035,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,163 |
| Total assets | $16,543,192 |
| Accounts payable and accrued expenses | $6,531 |
| Grants payable | $9,750 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $527,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $543,713 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $15,999,479 |
Grants Awarded
Over the last fiscal year, Chi Psi Educational Trust Inc has awarded $257,640 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greenwood, MN PURPOSE: FURTHER THE EXEMPT PURPOSE | $250,000 |
Nashville, TN PURPOSE: FURTHER THE EXEMPT PURPOSE | $7,640 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chi Psi Educational Trust Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Foundation For The Promotion Of Individual Opportunity Inc Wilmington, DE PURPOSE: DESIGNATED FUND PSI (CORNELL) | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Investment Management Company Charlottesville, VA | $10,038,884,501 | $457,345,731 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
Old Dominion University Educational Foundation Norfolk, VA | $390,141,589 | $33,517,872 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Mose And Garrison Siskin Memorial Foundation Inc Chattanooga, TN | $53,806,754 | $11,101,792 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |
University Of Southern Mississippi Foundation Hattiesburg, MS | $151,472,857 | $19,113,544 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |