Psi Upsilon Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 04/1986
- Data as of
- 06/2022
- EIN
- 05-6013135
Organization Overview
Psi Upsilon Foundation Inc is located in Indianapolis, IN. The organization was established in 1986. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Psi Upsilon Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psi Upsilon Foundation 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 06/2022, Psi Upsilon Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $625.5k during the year ending 06/2022. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES VALUE BASED LEADERSHIP DEVELOPMENT OPPORTUNITIES AND SCHOLARSHIPS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander C Senchak Chair And President | OfficerTrustee | 2 | $0 |
Matthew John Eckenrode Vice Chairman | OfficerTrustee | 2 | $0 |
J Martin Brayboy Secretary | OfficerTrustee | 2 | $0 |
John Fh Ong Treasurer | OfficerTrustee | 2 | $0 |
Patrick J Gilrane Chairman Emeritus | Trustee | 2 | $0 |
Gary G Pan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $381,676 |
| Noncash contributions included in lines 1a–1f | $24,604 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,676 |
| Total Program Service Revenue | $0 |
| Investment income | $37,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,250 |
| Net Gain/Loss on Asset Sales | $750,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,183,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,000 |
| Grants and other assistance to domestic individuals. | $47,080 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,391 |
| Pension plan accruals and contributions | $2,105 |
| Other employee benefits | $14,126 |
| Payroll taxes | $11,802 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,365 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,663 |
| Advertising and promotion | $0 |
| Office expenses | $109,000 |
| Information technology | $26,412 |
| Royalties | $0 |
| Occupancy | $44,019 |
| Travel | $56,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $992 |
| Insurance | $4,264 |
| All other expenses | $0 |
| Total functional expenses | $625,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $53,993 |
| Accounts receivable, net | $5,786 |
| 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 |
| Net Land, buildings, and equipment | $4,463 |
| Investments—publicly traded securities | $2,189,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,604 |
| Other assets | $8,616 |
| Total assets | $2,291,769 |
| Accounts payable and accrued expenses | $65,220 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,220 |
| Net assets without donor restrictions | $453,316 |
| Net assets with donor restrictions | $1,773,233 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,291,769 |