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Chi Psi Fraternity

Not tax-deductible

Nashville, TN501(c)(7)Since 1947Mutual / membership EIN 38-6089059Revenue $2.0M in FY2025

On file with the IRSchipsi.org45 Rutledge St, 37210-2042 · Nashville, TNTax-exempt since May 1947

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To create and maintain an enduring society which stimulates intellectual, ethical and social growth and encourages the sharing of traditions and values.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 15 volunteers and 19 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 6
filings with a surplus
Average surplus $67K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$244K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Plus $765K in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $380K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 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
$2.0M
-26% vs prior year
Spent
$2.2M
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.6M
FY2023$2.4M
FY2024$2.7M
FY2025$2.0M
Expenses
$2.2M
FY2025+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.7M
FY2023$2.1M
FY2024$2.2M
FY2025$2.2M
Net assets
$2.0M
FY2025▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.5M
FY2023$1.8M
FY2024$2.2M
FY2025$2.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · 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; $244K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Sam Bessey
Chf Advancem
$134,638Pt VII · Sec A
Kyle Phillips
Executive Di
$109,230Pt VII · Sec A
Max Rubin
Chariman
$0Pt VII · Sec A
Michael Britt
Vice Chairma
$0Pt VII · Sec A
Bill Hattendorf
Board Member
$0Pt VII · Sec A
David Woodruff
Board Member
$0Pt VII · Sec A
Andrew Eschweiler
Board Member
$0Pt VII · Sec A
Robert Johnson
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sam Bessey$134,638$124,618$144,807$112,250$112,250$123,097
Kyle Phillips$109,230$103,769————
Harold Arnwine—$84,170$97,690———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Fosters intellectual, ethical, and social growth while encouraging tradition and value sharing.

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1 program · in their own filed words · FY2024
01

The fraternity is organized to cultivate a unique environment which instills lifelong commitment to brotherhood. In this pursuit, the fraternity encourages leadership, respect for oneself and others, and responsibility to the university and community.

Pt IX · col B

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
Chi Psi Educational Trust INCFY2024$380K
Total grants receivedfrom 1 funder$380K
Grants paid · 10 grants · $66K · 2020–2020
Alpha Beta of Chi Psi FraternityFY2020$10,200
Alpha Psi Delta of Chi Psi FraternityFY2020$8,100
Alpha Rho Delta of Chi Psi FraternityFY2020$6,700
Alpha Upsilon Delta of Chi Psi FraternityFY2020$6,300
Chi Psi FraternityNJ · FY2020$6,100
Alpha Iota of Chi Psi FraternityFY2020$6,100
Chi Psi FraternityNC · FY2020$6,000
Alpha Omicron DeltaVA · FY2020$6,000
Chi Psi FraternityNY · FY2020$5,600
Chi Psi FraternityNY · FY2020$5,300

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$398K
Investment incomeLn 3$4K
Money outPt IX
$2.2M
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$5.0M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$398K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$4K
Gains on assetsLn 7−$3K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$336K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$354K
InvestmentsLn 11–13$765K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$626K
Total assetsLn 16$5.0M
LiabilitiesLn 26$3.0M
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 519
VolunteersI 615
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 FY25End FY25
Cash and savingsLn 1–2$140K$354K
InvestmentsLn 11–13$844K$765K
Land, buildings, equipmentLn 10c$2.9M$3.1M
Total assetsLn 16$4.9M$5.0M
LiabilitiesLn 26$2.7M$3.0M
Net assetsLn 32$2.2M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$289K
Other salaries and wagesLn 7$751K
Pension plan contributionsLn 8$32K
Other employee benefitsLn 9$108K
Payroll taxesLn 10$83K
Legal feesLn 11b$11K
Accounting feesLn 11c$34K
Investment management feesLn 11f$853
Other fees for servicesLn 11g$33K
Office expensesLn 13$40K
Information technologyLn 14$81K
OccupancyLn 16$73K
TravelLn 17$58K
Conferences, conventions and meetingsLn 19$254K
InterestLn 20$38K
Depreciation, depletion and amortizationLn 22$127K
Other expenses (24a–d)Ln 24$199K
All other expensesLn 24e$17K
Total functional expensesLn 25$2.2M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.2M−$261K$2.0M 990 PDF
FY2024 $2.7M$2.2M$445K$2.2M 990 PDF
FY2023 $2.4M$2.1M$255K$1.8M 990 PDF
FY2022 $1.6M$1.7M−$104K$1.5M 990 PDF
FY2021 $1.5M$1.4M$129K$1.7M 990 PDF
FY2020 $1.4M$1.4M−$63K$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $1,967,506 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $838,016$397,927
I-9 Program service revenuePrior year $1,781,326$1,677,165
I-10 Investment incomePrior year $7,020$4,466
I-11 Other revenuePrior year $38,749−$112,052
I-12 Total revenuePrior year $2,665,111$1,967,506
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,255,951$1,263,203
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $964,308$965,625
I-18 Total expensesPrior year $2,220,259$2,228,828
I-19 Revenue less expensesPrior year $444,852−$261,322
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $1,967,506 across 9 lines filed
Lines not itemized here account for −$90,742 of total revenue; see the IRS return.
VIII-1d Related organizations$380,000
VIII-1f All other contributions, gifts and grants$17,927
VIII-1h Total contributions, gifts and grants$397,927
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,677,165$1,677,165
VIII-3 Investment incomeUnrelated business $7,135$7,135
VIII-6 Net rental income or lossExcluded from tax −$52,739−$52,739
VIII-7 Net gain or loss on sales of assetsUnrelated business −$2,669−$2,669
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $31,429$31,429
VIII-12 Total revenueRelated to mission $1,677,165 · Unrelated business $4,466 · Excluded from tax −$112,052$1,967,506
Part IX · Statement of functional expenses $2,228,828 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$289,357
IX-7 Other salaries and wages$751,217
IX-8 Pension plan contributions$32,410
IX-9 Other employee benefits$107,599
IX-10 Payroll taxes$82,620
IX-11b Legal fees$10,931
IX-11c Accounting fees$33,727
IX-11f Investment management fees$853
IX-11g Other fees for services$32,918
IX-13 Office expenses$39,760
IX-14 Information technology$81,042
IX-16 Occupancy$73,234
IX-17 Travel$57,837
IX-19 Conferences, conventions and meetings$253,758
IX-20 Interest$37,823
IX-22 Depreciation, depletion and amortization$127,442
IX-24 Other expenses (24a–d)$199,097
IX-24e All other expenses$17,203
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,228,828
Part X · Balance sheet $4,960,096 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $128,372$336,089
X-2 Savings and temporary cash investmentsStart of year $11,718$17,526
X-4 Accounts receivableStart of year $173,226$98,150
X-9 Prepaid expenses and deferred chargesStart of year $38,827$62,715
X-10c Land, buildings and equipment, netStart of year $2,856,516$3,054,995
X-11 Publicly traded securitiesStart of year $843,667$765,116
X-15 Other assetsStart of year $880,614$625,505
X-16 Total assetsStart of year $4,945,842$4,960,096
X-17 Accounts payable and accrued expensesStart of year $112,781$445,042
X-19 Deferred revenueStart of year $78,162$138,887
X-25 Other liabilitiesStart of year $1,873,417$1,780,513
X-26 Total liabilitiesStart of year $2,703,379$2,968,391
X-27 Net assets without donor restrictionsStart of year $2,242,463$1,991,705
X-32 Total net assets or fund balancesStart of year $2,242,463$1,991,705
X-33 Total liabilities and net assetsStart of year $4,945,842$4,960,096
Part XI · Reconciliation of net assets $1,991,705 net assets at year end
XI-1 Total revenue$1,967,506
XI-2 Total expenses$2,228,828
XI-3 Revenue less expenses−$261,322
XI-4 Net assets at start of year$2,242,463
XI-5 Net unrealized gains (losses) on investments$10,564
XI-10 Net assets at end of year$1,991,705

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

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