philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Chi Psi Educational Trust INC FY2020 filing

Tax-deductible

Nashville, TN501(c)(3)Since 2001Education EIN 03-0386312Revenue $11.9M in FY2020

On file with the IRSchipsi.org45 Rutledge St, 37210-2042 · Nashville, TNTax-exempt since Oct 2003Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Chi Psi Educational Trust, INC. Serves to develop, fund, and implement leadership and service programs available to all members of Chi Psi fraternity.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.3M a year · 66% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Plus $7.0M in investments, Pt X · Ln 11–13
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$544K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.9M
Spent
$1.3M
To programs
71%
Net assets
$16.0M
By yearFY2020–FY2025
Revenue
$11.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$11.9M
FY2021$3.6M
FY2022$4.8M
FY2023$5.3M
FY2024$11.1M
FY2025$3.1M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$2.1M
FY2023$3.0M
FY2024$3.2M
FY2025$2.8M
Net assets
$16.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$16.0M
FY2021$20.8M
FY2022$20.0M
FY2023$24.2M
FY2024$34.0M
FY2025$36.7M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $941K Management & general 11% · $152K Fundraising 18% · $234K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Chi Psi Educational Trust INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops, funds, and implements leadership and service programs for fraternity members.

Questions for Chi Psi Educational Trust INC

Tap to ask. Chi Psi Educational Trust INC sees how many people are interested.

Your first name shows with your question. Chi Psi Educational Trust INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $941K · in their own filed words · FY2019
01

Educational Conventions and Seminars

Promotes higher education and self development. 58 educational programs were provided and 29 facilitators completed these programs. 3 leadership programs were provided with 108 delegates at the 178TH spencer institute, 34 delegates at the 9TH mid-year leadership retreat, and 150 delegates at the rowe regional conferences.

$787Kprogram expense
02

Fellowships, Grants, and Scholarships

Provides the promotion of higher education. Awarded 59 merit-based academic financial awards.

$154Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Foundation for the Promotion of Individual Opportunity INCFY2025$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 45 grants · $4.4M · 2019–2024
Chi Psi FraternityTN · FY2024$380,000
Unitemized GrantFY2024$177,667
Iota Court Preservation Association INCWI · FY2024$150,000
University of South CarolinaFY2024$109,255
Alpha Beta of Chi Psi Alumni CorpFY2024$100,000
Alpha Psi Delta Corporation of Chi PhiCO · FY2024$52,884
Washington and Lee UniversityVA · FY2024$50,000
Alpha Alpha Delta of Chi Psi Lodge Assn INCGA · FY2024$50,000
Corporation of Alpha Zeta Delta of Chi PsiIL · FY2024$45,909
Epsilon Trustee CorporationMI · FY2024$41,700
Chi Psi Association of Alpha Eta DeFY2024$25,683
Alpha Psi Corporation of Chi Psi of Cornell UnivesityNY · FY2024$22,700
Alpha Xi Alumni AssociationNJ · FY2024$20,000
Lubbock Chi Psi Lodge Group LLCFY2024$14,800
Alpha Pi DeltaFY2024$11,370
Alpha Omicron of Chi Psi CorporationVA · FY2024$10,000
Chi Psi FraternityTN · FY2023$333,000
The Robert B Plunkett Memorial Educational Trust INCTN · FY2023$240,000
See all 45 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$11.9M
Ln 12
Gifts and grantsLn 1h$11.3M
Investment incomeLn 3$671K
Money outPt IX
$1.3M
Ln 25
Programscol B$941K
Managementcol C$152K
Fundraisingcol D$234K
Owns and owesPt X
$16.0M
net assets · Ln 32
Cash and savingsLn 1–2$716K
Total assetsLn 16$16.5M
LiabilitiesLn 26$544K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.3M
Noncash giftsLn 1g$500K
Investment incomeLn 3$671K
Gains on assetsLn 7$574K
Total revenueLn 12$11.9M
Assets in detailPt X, end of year
CashLn 1$429K
SavingsLn 2$287K
Cash and savings togetherLn 1–2$716K
InvestmentsLn 11–13$7.0M
Land, buildings, equipmentLn 10c$810K
Other assetsLn 15$16K
Total assetsLn 16$16.5M
LiabilitiesLn 26$544K
Net assetsLn 32$16.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$283K$716K
InvestmentsLn 11–13$5.3M$7.0M
Land, buildings, equipmentLn 10c$865K$810K
Total assetsLn 16$6.5M$16.5M
LiabilitiesLn 26$674K$544K
Net assetsLn 32$5.8M$16.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$312K$312K
Grants to domestic individualsLn 2$154K$154K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$16K$16K
Conferences, conventions and meetingsLn 19$199K$122K$77K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$598K$354K$87K$157K
Total functional expensesLn 25$1.3M$941K$152K$234K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.1M$2.8M$357K$36.7M 990 PDF
FY2024 $11.1M$3.2M$7.8M$34.0M 990 PDF
FY2023 $5.3M$3.0M$2.3M$24.2M 990 PDF
FY2022 $4.8M$2.1M$2.6M$20.0M 990 PDF
FY2021 $3.6M$1.2M$2.4M$20.8M 990 PDF
FY2020 Viewing $11.9M$1.3M$10.6M$16.0M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $11,919,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,870,402$11,340,057
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $232,640$670,611
I-11 Other revenuePrior year −$88,417−$90,699
I-12 Total revenuePrior year $2,014,625$11,919,969
I-13 Grants and similar amounts paidPrior year $693,004$466,035
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $682,312$861,387
I-18 Total expensesPrior year $1,375,316$1,327,422
I-19 Revenue less expensesPrior year $639,309$10,592,547
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,919,969 across 7 lines filed
VIII-1f All other contributions, gifts and grants$11,340,057
VIII-1g Noncash contributions (included above)$500,000
VIII-1h Total contributions, gifts and grants$11,340,057
VIII-3 Investment incomeExcluded from tax $96,179$96,179
VIII-6 Net rental income or lossUnrelated business −$50,008 · Excluded from tax −$40,691−$90,699
VIII-7 Net gain or loss on sales of assetsExcluded from tax $574,432$574,432
VIII-12 Total revenueRelated to mission $0 · Unrelated business −$50,008 · Excluded from tax $629,920$11,919,969
Part IX · Statement of functional expenses $1,327,422 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $311,585$311,585
IX-2 Grants to domestic individualsPrograms $154,450$154,450
IX-11b Legal feesManagement $15,752$15,752
IX-11c Accounting feesManagement $16,000$16,000
IX-19 Conferences, conventions and meetingsPrograms $121,739 · Fundraising $77,476$199,215
IX-23 InsuranceManagement $32,821$32,821
IX-24 Other expenses (24a–d)Programs $353,553 · Management $87,134 · Fundraising $156,912$597,599
IX-25 Total functional expensesPrograms $941,327 · Management $151,707 · Fundraising $234,388$1,327,422
Part X · Balance sheet $16,543,192 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $93,676$429,082
X-2 Savings and temporary cash investmentsStart of year $189,536$286,618
X-3 Pledges and grants receivableStart of year $32,613$7,964,985
X-10c Land, buildings and equipment, netStart of year $864,972$810,436
X-11 Publicly traded securitiesStart of year $5,276,126$7,035,908
X-15 Other assetsStart of year $16,319$16,163
X-16 Total assetsStart of year $6,473,992$16,543,192
X-17 Accounts payable and accrued expensesStart of year $9,809$6,531
X-18 Grants payableStart of year $114,700$9,750
X-26 Total liabilitiesStart of year $674,483$543,713
X-27 Net assets without donor restrictionsStart of year $1,096,156$914,336
X-28 Net assets with donor restrictionsStart of year $4,703,353$15,085,143
X-32 Total net assets or fund balancesStart of year $5,799,509$15,999,479
X-33 Total liabilities and net assetsStart of year $6,473,992$16,543,192
Part XI · Reconciliation of net assets $15,999,479 net assets at year end
XI-1 Total revenue$11,919,969
XI-2 Total expenses$1,327,422
XI-3 Revenue less expenses$10,592,547
XI-4 Net assets at start of year$5,799,509
XI-5 Net unrealized gains (losses) on investments−$392,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,999,479

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.