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
48 cents of each dollar spent went to programs.
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
10 people listed on the 990.
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.
Questions for The Psi Upsilon Foundation INC
Your first name shows with your question. The Psi Upsilon Foundation INC answers here, for everyone.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|
| End of yearLn 1g | $2.0M | $1.8M | $1.9M | $1.5M | $1.5M |
| Given inLn 1b | $181K | $115K | $171K | $49K | $4K |
| SpentLn 1d–1f | $97K | $113K | $128K | $72K | $159K |
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $5K | $84K |
| InvestmentsLn 11–13 | $2.2M | $2.2M |
| Land, buildings, equipmentLn 10c | $4K | $4K |
| Total assetsLn 16 | $2.3M | $2.4M |
| LiabilitiesLn 26 | $65K | $70K |
| Net assetsLn 32 | $2.2M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $42K | $42K | ||
| Grants to domestic individualsLn 2 | $50K | $50K | ||
| Other salaries and wagesLn 7 | $204K | $102K | $31K | $71K |
| Pension plan contributionsLn 8 | $2K | $1K | $368 | $859 |
| Other employee benefitsLn 9 | $11K | $5K | $2K | $4K |
| Payroll taxesLn 10 | $9K | $5K | $1K | $3K |
| Legal feesLn 11b | $8K | $8K | ||
| Other fees for servicesLn 11g | $36K | $36K | ||
| Office expensesLn 13 | $88K | $3K | $4K | $82K |
| Information technologyLn 14 | $35K | $9K | $26K | |
| OccupancyLn 16 | $30K | $30K | ||
| TravelLn 17 | $18K | $17K | $185 | $242 |
| Conferences, conventions and meetingsLn 19 | $24K | $18K | $631 | $4K |
| Depreciation, depletion and amortizationLn 22 | $498 | $498 | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $75K | $63K | $9K | $2K |
| Total functional expensesLn 25 | $637K | $307K | $136K | $194K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 12, 2026 | $604K | $715K | −$111K | $2.4M | 990 PDF |
| FY2024Filed with the IRS May 4, 2026 | $504K | $669K | −$165K | $2.3M | 990 PDF |
| FY2023 ViewingFiled with the IRS May 14, 2024 | $534K | $637K | −$103K | $2.3M | 990 PDF |
| FY2022Filed with the IRS May 9, 2023 | $1.2M | $625K | $558K | $2.2M | 990 PDF |
| FY2021Filed with the IRS Nov 1, 2021 | $559K | $424K | $135K | $2.1M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $534,026 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $534,026 across 4 lines filed
Part IX · Statement of functional expenses $637,332 across 16 lines filed
Part X · Balance sheet $2,384,126 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,314,549 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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