Psi Upsilon Fraternity

Organization Overview

Psi Upsilon Fraternity is located in Savoy, IL. The organization was established in 1941. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Psi Upsilon Fraternity is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 07/2021, Psi Upsilon Fraternity generated $27.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (37.2%) each year. All expenses for the organization totaled $5.2k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (50.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZE AND SPONSOR SOCIAL ACTIVITIES FOR MEMBERS OF THE SOCIAL FRATERNITY AT THE UNIVERSITY OF ILLINOIS, CHAMPAIGN/URBANA, ILLINOIS CAMPUS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPONSOR AND ORGANIZE SOCIAL EVENTS FOR MEMBERS OF PSI UPSILON FRATERNITY


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$21,882
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $27,055

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