The Psi Upsilon Foundation provides value based leadership development opportunities, character-building experiences and personal development through experiential learning, educational programs and participation in self-governance. The Foundation provides merit and need based scholarships to members who have demonstrated a commitment to moral, intellectual, and social excellence.

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
2 of 5
filings with a surplus
Average surplus $63K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
42%
of spending
Concern: 42% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $1.8M in investments, Pt X · Ln 11–13
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $87K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$43K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$559K
Spent
$424K
To programs
42%
Net assets
$2.1M
By yearFY2021–FY2025
Revenue
$559K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$559K
FY2022$1.2M
FY2023$534K
FY2024$504K
FY2025$604K
Expenses
$424K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$424K
FY2022$625K
FY2023$637K
FY2024$669K
FY2025$715K
Net assets
$2.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$2.2M
FY2023$2.3M
FY2024$2.3M
FY2025$2.4M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Apr 1986.

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

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $178K Management & general 27% · $113K Fundraising 31% · $133K

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

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman Eme
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Psi Upsilon Foundation INC executive salaries →

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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

Offers leadership training and scholarships to members.

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Provided by the organization

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2 programs · $178K · in their own filed words · FY2020
01

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.

$136Kprogram expense
02

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.

$42Kprogram 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 · FY2024
See all 3 funders →
Grants paid · 9 grants · $481K · 2020–2024
Unitemized GrantFY2024$94,058
Psi Upsilon FraternityIN · FY2024$61,161
Unitemized GrantFY2023$57,041
Psi Upsilon FraternityIN · FY2023$45,592
Unitemized GrantFY2022$50,435
Psi Upsilon FraternityIN · FY2022$42,000
Unitemized GrantFY2021$47,080
Psi Upsilon FraternityIN · FY2021$42,000
Psi Upsilon FraternityIN · FY2020$42,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$559K
Ln 12
Gifts and grantsLn 1h$490K
Investment incomeLn 3$41K
Other incomeLn 4–11$28K
Money outPt IX
$424K
Ln 25
Programscol B$178K
Managementcol C$113K
Fundraisingcol D$133K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$2.2M
LiabilitiesLn 26$43K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$490K
Investment incomeLn 3$41K
Other incomeLn 4–11$28K
Total revenueLn 12$559K
Assets in detailPt X, end of year
CashLn 1$134K
Cash and savings togetherLn 1–2$134K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$147K
Total assetsLn 16$2.2M
LiabilitiesLn 26$43K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 54
VolunteersI 650
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 FY21End FY21
Cash and savingsLn 1–2$98K$134K
InvestmentsLn 11–13$1.4M$1.8M
Land, buildings, equipmentLn 10c$152K$147K
Total assetsLn 16$1.7M$2.2M
LiabilitiesLn 26$87K$43K
Net assetsLn 32$1.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$42K$42K
Other salaries and wagesLn 7$137K$68K$34K$34K
Other employee benefitsLn 9$14K$7K$4K$4K
Payroll taxesLn 10$11K$6K$3K$3K
Legal feesLn 11b$12K$6K$2K$4K
Accounting feesLn 11c$32K$13K$16K$3K
Other fees for servicesLn 11g$2K$1K$150$225
Office expensesLn 13$97K$11K$11K$75K
OccupancyLn 16$17K$8K$4K$4K
TravelLn 17$1K$742$247$247
Conferences, conventions and meetingsLn 19$713$285$214$214
Depreciation, depletion and amortizationLn 22$8K$3K$2K$2K
InsuranceLn 23$9K$6K$1K$1K
Other expenses (24a–d)Ln 24$42K$5K$35K$2K
All other expensesLn 24e$240$120$60$60
Total functional expensesLn 25$424K$178K$113K$133K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $604K$715K−$111K$2.4M 990 PDF
FY2024 $504K$669K−$165K$2.3M 990 PDF
FY2023 $534K$637K−$103K$2.3M 990 PDF
FY2022 $1.2M$625K$558K$2.2M 990 PDF
FY2021 Viewing $559K$424K$135K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $558,974 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $297,060$489,794
I-9 Program service revenue$0
I-10 Investment incomePrior year $33,767$40,680
I-11 Other revenuePrior year $28,500$28,500
I-12 Total revenuePrior year $359,327$558,974
I-13 Grants and similar amounts paidPrior year $100,144$42,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $93,526$162,035
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $205,671$219,621
I-18 Total expensesPrior year $399,341$423,656
I-19 Revenue less expensesPrior year −$40,014$135,318
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $558,974 across 5 lines filed
VIII-1f All other contributions, gifts and grants$489,794
VIII-1h Total contributions, gifts and grants$489,794
VIII-3 Investment incomeExcluded from tax $40,680$40,680
VIII-6 Net rental income or lossRelated to mission $28,500$28,500
VIII-12 Total revenueRelated to mission $28,500 · Excluded from tax $40,680$558,974
Part IX · Statement of functional expenses $423,656 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $42,000$42,000
IX-7 Other salaries and wagesPrograms $68,354 · Management $34,177 · Fundraising $34,177$136,708
IX-9 Other employee benefitsPrograms $7,064 · Management $3,532 · Fundraising $3,532$14,128
IX-10 Payroll taxesPrograms $5,599 · Management $2,800 · Fundraising $2,800$11,199
IX-11b Legal feesPrograms $6,020 · Management $2,408 · Fundraising $3,612$12,040
IX-11c Accounting feesPrograms $12,782 · Management $15,977 · Fundraising $3,195$31,954
IX-11g Other fees for servicesPrograms $1,125 · Management $150 · Fundraising $225$1,500
IX-13 Office expensesPrograms $10,826 · Management $11,095 · Fundraising $75,027$96,948
IX-16 OccupancyPrograms $8,439 · Management $4,220 · Fundraising $4,220$16,879
IX-17 TravelPrograms $742 · Management $247 · Fundraising $247$1,236
IX-19 Conferences, conventions and meetingsPrograms $285 · Management $214 · Fundraising $214$713
IX-22 Depreciation, depletion and amortizationPrograms $3,031 · Management $2,273 · Fundraising $2,273$7,577
IX-23 InsurancePrograms $6,496 · Management $1,123 · Fundraising $1,123$8,742
IX-24 Other expenses (24a–d)Programs $4,675 · Management $35,100 · Fundraising $2,017$41,792
IX-24e All other expensesPrograms $120 · Management $60 · Fundraising $60$240
IX-25 Total functional expensesPrograms $177,558 · Management $113,376 · Fundraising $132,722$423,656
Part X · Balance sheet $2,153,504 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $97,569$134,305
X-3 Pledges and grants receivableStart of year $51,974$105,245
X-4 Accounts receivableStart of year $26,003$6,725
X-10c Land, buildings and equipment, netStart of year $152,212$146,605
X-11 Publicly traded securitiesStart of year $1,408,798$1,760,624
X-16 Total assetsStart of year $1,736,556$2,153,504
X-17 Accounts payable and accrued expensesStart of year $44,367$42,696
X-26 Total liabilitiesStart of year $87,117$42,696
X-27 Net assets without donor restrictionsStart of year $112,544$118,929
X-28 Net assets with donor restrictionsStart of year $1,536,895$1,991,879
X-32 Total net assets or fund balancesStart of year $1,649,439$2,110,808
X-33 Total liabilities and net assetsStart of year $1,736,556$2,153,504
Part XI · Reconciliation of net assets $2,110,808 net assets at year end
XI-1 Total revenue$558,974
XI-2 Total expenses$423,656
XI-3 Revenue less expenses$135,318
XI-4 Net assets at start of year$1,649,439
XI-5 Net unrealized gains (losses) on investments$326,051
XI-10 Net assets at end of year$2,110,808

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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