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Chi Psi Fraternity

Ithaca, NY501(c)(7)Mutual / membership EIN 16-1464280Revenue $257K in FY2025Latest return filed Oct 13, 2025

On file with the IRSchipsi.orgIthaca, NYTax-exempt since May 1947

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To provide room and fellowship to members of college Fraternity.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 16-1464280) · Dispute this line
Run by 17 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 3 filings
A surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Cash reserves
0.7 mo
of spending, in cash
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$6K
11% of total assets
Liabilities are 11% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$257K
+23% vs prior year
Spent
$240K
Net assets
$49K
By yearFY2021–FY2025
Revenue
$257K
FY2025▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2021$159K
FY2022$219K
FY2023$198K
FY2024$209K
FY2025$257K
Expenses
$240K
FY2025▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$250K
FY2023Not on file
FY2024$188K
FY2025$240K
Net assets
$49K
FY2025▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2021$50K
FY2022$19K
FY2023$14K
FY2024$32K
FY2025$49K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1947.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Merek Soriano
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Iain Bird
Treasurer
$0Pt VII · Sec A
William Astorga
Sergeant at Arms
$0Pt VII · Sec A
Mateo Garces
Risk Manager
$0Pt VII · Sec A
Christian Scheuermann
Junior Risk/Lodge Manager
$0Pt VII · Sec A
Kyan Rosenthal
Social Chair
$0Pt VII · Sec A
See Chi Psi Fraternity executive salaries →

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 15aNo

Programs and updates

Offers housing and community for college fraternity members.

Questions for Chi Psi Fraternity

Tap to ask. Chi Psi Fraternity sees how many people are interested.

Your first name shows with your question. Chi Psi Fraternity answers here, for everyone.

1 program · in their own filed words · FY2024
01

To provide room and fellowship to members of college fraternity.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 16-1464280) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2020
Chi Psi FraternityFY2020$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$257K
Ln 12
Fees for servicesLn 2g$257K
Money outPt IX
$240K
Ln 25
Owns and owesPt X
$49K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$55K
LiabilitiesLn 26$6K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$257K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$13K
Cash and savings togetherLn 1–2$13K
Accounts receivableLn 4$10K
Land, buildings, equipmentLn 10c$824
Other assetsLn 15$31K
Total assetsLn 16$55K
LiabilitiesLn 26$6K
Net assetsLn 32$49K
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4K$13K
Land, buildings, equipmentLn 10c$1K$824
Total assetsLn 16$40K$55K
LiabilitiesLn 26$8K$6K
Net assetsLn 32$32K$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K
Other fees for servicesLn 11g$394
Depreciation, depletion and amortizationLn 22$617
InsuranceLn 23$19K
Other expenses (24a–d)Ln 24$177K
All other expensesLn 24e$31K
Total functional expensesLn 25$240K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Oct 13, 2025 $257K$240K$17K$49K 990 PDF
FY2024Filed with the IRS Nov 12, 2024 $209K$188K$21K$32K 990 PDF
FY2023Filed with the IRS Nov 15, 2023 $198K$14K 990 PDF
FY2022Filed with the IRS Nov 11, 2022 $219K$250K−$31K$19K 990 PDF
FY2021Filed with the IRS Mar 7, 2022 $159K$50K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $257,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $209,356$257,184
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $209,356$257,184
I-13 Grants and similar amounts paidPrior year $0$0
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 $188,023$240,243
I-18 Total expensesPrior year $188,023$240,243
I-19 Revenue less expensesPrior year $21,333$16,941
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $257,184 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $257,184$257,184
VIII-12 Total revenueRelated to mission $257,184 · Unrelated business $0 · Excluded from tax $0$257,184
Part IX · Statement of functional expenses $240,243 across 6 lines filed
IX-11c Accounting fees$11,438
IX-11g Other fees for services$394
IX-22 Depreciation, depletion and amortization$617
IX-23 Insurance$19,450
IX-24 Other expenses (24a–d)$177,057
IX-24e All other expenses$31,287
IX-25 Total functional expenses$240,243
Part X · Balance sheet $55,265 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $4,403$13,040
X-4 Accounts receivableStart of year $10,260$10,260
X-10c Land, buildings and equipment, netStart of year $1,441$824
X-15 Other assetsStart of year $23,586$31,141
X-16 Total assetsStart of year $39,690$55,265
X-17 Accounts payable and accrued expensesStart of year $7,565$6,200
X-26 Total liabilitiesStart of year $7,565$6,200
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $32,125$49,065
X-32 Total net assets or fund balancesStart of year $32,125$49,065
X-33 Total liabilities and net assetsStart of year $39,690$55,265
Part XI · Reconciliation of net assets $49,065 net assets at year end
XI-1 Total revenue$257,184
XI-2 Total expenses$240,243
XI-3 Revenue less expenses$16,941
XI-4 Net assets at start of year$32,125
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,065

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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