Chi Psi Fraternity: Nonprofit Profile, Financials & Form 990 (EIN 41-0704202)

Revenue by fiscal year
FY2021	$284K
FY2022	$344K
FY2023	$373K
FY2024	$297K
FY2025	$344K

Expenses by fiscal year
FY2021	$298K
FY2022	$355K
FY2023	$399K
FY2024	$346K
FY2025	$352K

Net assets by fiscal year
FY2021	$37K
FY2022	$26K
FY2023	−$577
FY2024	−$50K
FY2025	−$58K

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $352K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Nicholas Empson

President

$0Pt VII · Sec A

Coles James

Internal VP

$0Pt VII · Sec A

Gavin Willis

External VP

$0Pt VII · Sec A

Nathan Roskopf

Treasurer

$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 fraternity housing, activities, and a supportive environment for university students.

Questions for Chi Psi Fraternity

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1 program · in their own filed words · FY2024

01

Membership was 54 male undergraduate students attending the university of minnesota housing is provided for up to 40 of these men both during the academic year and summer months a full time chef is employed and prepares meals for all members of the fraternity.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-0704202) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$344K

Ln 12

Fees for servicesLn 2g$339K

Other incomeLn 4–11$3K

Gifts and grantsLn 1h$1K

Money outPt IX

$352K

Ln 25

Programscol B$352K

Owns and owesPt X

−$58K

net assets · Ln 32

Cash and savingsLn 1–2$40K

Total assetsLn 16$74K

LiabilitiesLn 26$131K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1K

Fees for servicesLn 2g$339K

Investment incomeLn 3$698

Other incomeLn 4–11$3K

Total revenueLn 12$344K

Assets in detailPt X, end of year

CashLn 1$31K

SavingsLn 2$9K

Cash and savings togetherLn 1–2$40K

Accounts receivableLn 4$27K

Inventories for sale or useLn 8$100

InvestmentsLn 11–13$2K

Other assetsLn 15$4K

Total assetsLn 16$74K

LiabilitiesLn 26$131K

Net assetsLn 32−$58K

OperationsPt I, VI

EmployeesI 51

VolunteersI 659

Fiscal year endsHeaderJuly

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$38K	$40K
InvestmentsLn 11–13	$1K	$2K
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$83K	$74K
LiabilitiesLn 26	$133K	$131K
Net assetsLn 32	−$50K	−$58K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$35K	$35K	$0	$0
Payroll taxesLn 10	$4K	$4K	$0	$0
Accounting feesLn 11c	$5K	$5K	$0	$0
Office expensesLn 13	$716	$716	$0	$0
OccupancyLn 16	$183K	$183K	$0	$0
Conferences, conventions and meetingsLn 19	$2K	$2K	$0	$0
InterestLn 20	$48	$48	$0	$0
Payments to affiliatesLn 21	$19K	$19K	$0	$0
InsuranceLn 23	$15K	$15K	$0	$0
Other expenses (24a–d)Ln 24	$88K	$88K	$0	$0
Total functional expensesLn 25	$352K	$352K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Dec 4, 2025	$344K	$352K	−$8K	−$58K	990 PDF
FY2024Filed with the IRS Jun 5, 2025	$297K	$346K	−$49K	−$50K	990 PDF
FY2023Filed with the IRS Dec 15, 2023	$373K	$399K	−$26K	−$577	990 PDF
FY2022Filed with the IRS Dec 13, 2022	$344K	$355K	−$11K	$26K	990 PDF
FY2021Filed with the IRS Dec 9, 2021	$284K	$298K	−$14K	$37K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $344,128 revenue, 12 lines filed

I-8 Contributions and grants$1,228

I-9 Program service revenuePrior year $295,385$338,913

I-10 Investment incomePrior year $97$698

I-11 Other revenuePrior year $1,390$3,289

I-12 Total revenuePrior year $296,872$344,128

I-13 Grants and similar amounts paidPrior year $1,289$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $36,623$39,465

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $308,077$312,531

I-18 Total expensesPrior year $345,989$351,996

I-19 Revenue less expensesPrior year −$49,117−$7,868

Part VI · Governance 4 of 4 board members independent, 4 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

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 $344,128 across 6 lines filed

VIII-1f All other contributions, gifts and grants$1,228

VIII-1h Total contributions, gifts and grants$1,228

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$338,913

VIII-3 Investment incomeUnrelated business $698 · Excluded from tax $0$698

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,289 · Unrelated business $0 · Excluded from tax $0$3,289

VIII-12 Total revenueRelated to mission $342,202 · Unrelated business $698 · Excluded from tax $0$344,128

Part IX · Statement of functional expenses $351,996 across 10 lines filed

IX-7 Other salaries and wagesPrograms $35,126 · Management $0 · Fundraising $0$35,126

IX-10 Payroll taxesPrograms $4,339 · Management $0 · Fundraising $0$4,339

IX-11c Accounting feesPrograms $5,070 · Management $0 · Fundraising $0$5,070

IX-13 Office expensesPrograms $716 · Management $0 · Fundraising $0$716

IX-16 OccupancyPrograms $183,007 · Management $0 · Fundraising $0$183,007

IX-19 Conferences, conventions and meetingsPrograms $2,292 · Management $0 · Fundraising $0$2,292

IX-20 InterestPrograms $48 · Management $0 · Fundraising $0$48

IX-21 Payments to affiliatesPrograms $18,540 · Management $0 · Fundraising $0$18,540

IX-23 InsurancePrograms $14,828 · Management $0 · Fundraising $0$14,828

IX-24 Other expenses (24a–d)Programs $88,030 · Management $0 · Fundraising $0$88,030

IX-25 Total functional expensesPrograms $351,996 · Management $0 · Fundraising $0$351,996

Part X · Balance sheet $73,737 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $19,126$31,393

X-2 Savings and temporary cash investmentsStart of year $18,941$8,942

X-4 Accounts receivableStart of year $39,743$27,453

X-8 Inventories for sale or useStart of year $200$100

X-10c Land, buildings and equipment, net$0

X-13 Program-related investmentsStart of year $1,435$1,849

X-15 Other assetsStart of year $4,000$4,000

X-16 Total assetsStart of year $83,445$73,737

X-17 Accounts payable and accrued expensesStart of year $130,062$128,434

X-19 Deferred revenueStart of year $3,078$2,866

X-26 Total liabilitiesStart of year $133,140$131,300

X-31 Retained earnings or endowmentStart of year −$49,695−$57,563

X-32 Total net assets or fund balancesStart of year −$49,695−$57,563

X-33 Total liabilities and net assetsStart of year $83,445$73,737

Part XI · Reconciliation of net assets −$57,563 net assets at year end

XI-1 Total revenue$344,128

XI-2 Total expenses$351,996

XI-3 Revenue less expenses−$7,868

XI-4 Net assets at start of year−$49,695

XI-10 Net assets at end of year−$57,563

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

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Chi Psi Fraternity

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Chi Psi Fraternity

By the numbers

Filing history

Schedules filed Part IV