Chi Upsilon Corp
- Assets
- $18.8k
- Revenue
- $245.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-4601383
Organization Overview
Chi Upsilon Corp is located in Boulder, CO. The organization was established in 2019. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Chi Upsilon Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Chi Upsilon Corp generated $245.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $235.1k during the year ending 12/2022. While expenses have increased by 68.4% per year over the past 3 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
FRATERNITY ORGANIZATION. PROVIDES SOCIAL EVENTS AND ACTIVITIES FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
$18,000 WAS SPENT ON RECRUITMENT EFFORTS FOR THE FRATERNITY DURING THE YEAR. THE MONEY WAS SPENT ON HOSTING EVENTS FOR POTENTIAL NEW MEMBERS, SO THAT THEY CAN MEET THE MEMBERS OF THE FRATERNITY.
THE FRATERNITY ALSO PROVIDED AND RAN EVENTS ACTIVITIES FOR ITS MEMBERS THROUGHOUT THE YEAR. THE FRATERITY ALSO PAID MEMBERSHIP DUES TO THE INTERNATIONAL ORGANIZATION.
55000 WAS SPENT ON HOSTING SOCIAL EVENTS FOR ITS MEMBERS.
50,000 WAS SPENT ON A FRATERNITY "FORMAL". THE EVENT IS FOR MEMBERS ONLY AND INCLUDES RESERVING HOTELS AND RESTAURANTS FOR 60+ PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Aaron Maged Chief Executive Officer | OfficerTrustee | 25 | $0 |
Skylar Haroche Chief Operating Officer | OfficerTrustee | 25 | $0 |
Frank Elijah Brown Chief Financial Officer | OfficerTrustee | 25 | $0 |
Samuel Strimling Chief Administrative And Records Officer | OfficerTrustee | 10 | $0 |
Elijah Gottesfeld Chief Health, Safety And Compliance Officer | OfficerTrustee | 15 | $0 |
Max Miller Chief Brotherhood Officer | OfficerTrustee | 20 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $245,388 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $245,388 |
| 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 | $230,143 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,975 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $235,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,843 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $18,843 |
| Total liabilities and net assets/fund balances | $18,843 |