Alpha Psi Of Chi Psi Educational Trust
- Assets
- $600.9k
- Revenue
- $180.7k
- Investments
- $500.8k
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/1959
- Data as of
- 05/2024
- EIN
- 15-6021424
Organization Overview
Alpha Psi Of Chi Psi Educational Trust is located in Ithaca, NY. The organization was established in 1959. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Psi Of Chi Psi Educational Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Alpha Psi Of Chi Psi Educational Trust generated $180.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $47.0k during the year ending 05/2024. While expenses have increased by 20.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Alpha Psi Of Chi Psi Educational Trust has awarded 49 individual grants totaling $159,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL GRANTS TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Jacobs President | 0.5 | $0 | |
Jeffrey Brown Secretary And Treasurer | 0.5 | $0 | |
William Van Sweringen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,270 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,551 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,911 |
| Total Revenue | $180,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,011 |
| Total operating and administrative expenses | $2,798 |
| Contributions, gifts, grants paid | $44,250 |
| Total expenses and disbursements | $47,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,730 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $500,827 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,296 |
| Total assets | $600,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alpha Psi Of Chi Psi Educational Trust has awarded $44,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALPHA PSI CORP OF CHI PSI CORPORATION OF CORNELL UNI PURPOSE: EDUCATIONAL PURPOSES | $4,950 |
JOSEPH RACHIELE PURPOSE: EDUCATIONAL PURPOSES. | $3,500 |
GEORGE ROCCO DELORENZO PURPOSE: EDUCATIONAL PURPOSES. | $10,000 |
JACK LOWE PURPOSE: EDUCATIONAL PURPOSES. | $300 |
JAMES SWENSON PURPOSE: EDUCATIONAL PURPOSES. | $10,000 |
WHITNEY ANDREWS PURPOSE: EDUCATIONAL PURPOSES. | $4,500 |