Psi Upsilon Fraternity is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Psi Upsilon Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Psi Upsilon Fraternity generated $609.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $567.3k during the year ending 06/2022. 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
TO DEVELOP LEADERSHIP, INTELLECTUAL, SOCIAL CONDUCT, AND SERVICE SKILLS FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPTER LEADERSHIP PROGRAMEACH CHAPTER IS VISITED AT LEAST ONCE A YEAR BY A STAFF MEMBER DURING THE ACADEMIC YEAR. THE PURPOSE OF THE VISIT IS TO INSPIRE, INSTRUCT, AND INSPECT THE CHAPTER AND ENCOURAGE BEST PRACTICES FOR THE CHAPTER. IN ADDITION, EACH NEW MEMBER IS REQUIRED TO COMPLETE ONLINE TRAINING FOCUSED ON FACING THE CHALLENGES OF HAZING, SUBSTANCE ABUSE, AND HEALTHY RELATIONSHIPS. ONLINE RESOURCES AND OFFICER MANUAL ARE MADE AVAILABLE THROUGH THE PSI UPSILON WEBSITE.THE CHAPTER LEADERSHIP PROGRAM ALSO INCLUDES SPECIAL PROGRAMS FOR SELECT OFFICERS, AN ANNUAL LEADERSHIP INSTITUTE, AN ANNUAL PRESIDENT'S ACADEMY, AND ASSISTANCE WITH CHAPTER RETREATS. THE CHAPTER LEADERSHIP PROGRAM IS DESIGNED TO:1. EDUCATE CHAPTER OFFICERS AND MEMBERS ABOUT THEIR RESPONSIBILITIES TO: A) THE CHAPTER B) THE INTERNATIONAL FRATERNITY C) THE COLLEGE D) THEIR NATION2. GUIDE CHAPTER OFFICERS AND MEMBERS TO MORE EFFECTIVELY USE THE HUMAN RESOURCES OF THE CHAPTER.3. STIMULATE ENTHUSIASM FOR COMMUNITY SERVICE PROJECTS.4. GUIDE THE CHAPTER TOWARD MORE RESPONSIBLE FINANCIAL AND RISK MANAGEMENT.5. ADDRESS AND DISCUSS PROBLEMS FACING COLLEGE STUDENTS SUCH AS: A) DRUG AND ALCOHOL ABUSE B) LEARNING TO LIVE ON ONE'S OWN C) LEARNING TO LIVE TOGETHER D) LEARNING TO RESPECT EACH OTHER E) SEXUAL RESPONSIBILITY F) VALUE AND ETHICS6. GUIDE CHAPTER OFFICERS AND MEMBERS INTO MORE EFFECTIVE COMMUNICATION.7. ADVISE UNDERGRADUATE LEADERS ON THE EFFECTIVE USE OF AVAILABLE EDUCATIONAL RESOURCES, REFERENCE MATERIALS, AND PROGRAMS.8. EDUCATE UNDERGRADUATE MEMBERS ON THE AVAILABILITY OF SCHOLARSHIP GRANTS FROM PSI UPSILON FOUNDATION.
ARCHONS ACADEMYTHE PRESIDENT OR ANOTHER OFFICE OF EVERY ACTIVE CHAPTER IS EXPECTED TO ATTEND AN ANNUAL ARCHONS ACADEMY AT THE INTERNATIONAL OFFICE IN INDIANAPOLIS. IN 2022, THE ARCHONS ACADEMY WAS HELD JANUARY 14TH-16TH AND FOCUSED ON EFFECTIVE CHAPTER MANAGEMENT, ADDRESSING CONFLICT BETWEEN MEMBERS, MEMBER SAFETY AND HEALTH, OUR HISTORY AND MISSION, AND INCLUDED TEAM BUILDING AND LEADERSHIP BUILDING ACTIVITIES.
LEADERSHIP INSTITUTEOUR LEADERSHIP INSTITUTE WAS HELD IN JULY OF 2022 AND WAS VIRTUAL BECAUSE WE COULD NOT MEET IN PERSON. THE FIRST PART, HELD ON JULY 24, WAS BUILT AROUND OUR HISTORY, MISSION AND SHARING STORIES VIRTUALLY. IN AUGUST, WE HAD MORE ROBUST PROGRAMMING BUILT AROUND CHAPTER OPERATIONS IN WHAT WAS EXPECTED TO BE A VIRTUAL CAMPUS ENVIRONMENT. WE HAD SIX SESSIONS TOTAL - EACH LASTING AT LEAST AN HOUR. THE TOPICS COVERED WERE CHAPTER MEETINGS ON ZOOM, VIRTUAL RECRUITMENT INCLUDING MARKETING ON SOCIAL MEDIA AND ENGAGING POTENTIAL MEMBERS ONLINE, WE HAD A THIRD PARTY COME IN AND TALK ABOUT LIVING TOGETHER SAFELY DURING CORONAVIRUS, A SESSIONS ON VIRTUAL PHILANTHROPY, AND A SESSION ON NEW MEMBER EDUCATION AND RITUAL IN A VIRTUAL ENVIRONMENT. WE ALSO HELD MONTHLY TOWN HALLS THROUGHOUT THE YEAR (BEGINNING IN JULY) TO ALLOW ADVISORS AND CHAPTER PRESIDENTS TO SHARE INFORMATION AND ADVICE AS AN OUTGROWTH OF THE LEADERSHIP INSTITUTE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeremy Mckeon President | OfficerTrustee | 2 | $0 |
James Platner Vice President | OfficerTrustee | 2 | $0 |
David Hollis Secretary | OfficerTrustee | 2 | $0 |
Timothy Zepp Treasurer | OfficerTrustee | 2 | $0 |
Brighten Meade Alumni Term Member | Trustee | 2 | $0 |
Jon Szynkowski Alumni Term Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $42,000 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $37,682 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $79,682 |
Total Program Service Revenue | $513,554 |
Investment income | $26 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $16,613 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $609,875 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $109,191 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $128,288 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $7,356 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,522 |
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 | $23,847 |
Advertising and promotion | $0 |
Office expenses | $22,171 |
Information technology | $18,630 |
Royalties | $0 |
Occupancy | $24,302 |
Travel | $17,547 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $40,988 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $98,567 |
All other expenses | $1,152 |
Total functional expenses | $567,335 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $87,252 |
Savings and temporary cash investments | $50,021 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $98,223 |
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 | $23,612 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $116,745 |
Total assets | $375,853 |
Accounts payable and accrued expenses | $14,415 |
Grants payable | $0 |
Deferred revenue | $11,055 |
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 | $25,000 |
Total liabilities | $50,470 |
Net assets without donor restrictions | $325,383 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $375,853 |