Psi Upsilon Fraternity

Organization Overview

Psi Upsilon Fraternity, operating under the name Psi Upsilon Corporation, is located in Savoy, IL. The organization was established in 1945. 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 Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 08/2021, Psi Upsilon Corporation generated $242.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $245.2k during the year ending 08/2021. While expenses have increased by 16.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE (I) ROOM AND BOARD FOR LIVE-IN MEMBERS OF PIS UPSILON SOCIAL FRATERNITY AT THE UNIVERSITY OF ILLINOIS, CHAMPAIGN/URBANA, ILLINOIS CAMPUS AND (II) A VENUE FOR SOCIAL ACTIVITIES SPONSORED BY THE PSI UPSILON SOCIAL FRATERNITY FOR ITS LIVE-IN AND OUT-OF-HOUSE MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ROOM AND BOARD FOR LIVE-IN UNDERGRADUATE MEMBERS OF PSI UPSILON FRATERNITY AT UNIVERSITY OF ILLINOIS URBANA/CHAMPAIGN CAMPUS AND ALUMNI MEMBERS WITH SOCIAL ACTIVITIES


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Board, Officers & Key Employees

Name (title)Compensation
Joseph J Hudson
President
$0
Pat Hauser
Secretary
$0
Mark Tallungan
Vice President - External
$0
Gerry Murray
Vice President - Internal
$0
Tim Miller
Treasurer
$0
Robert Mcintire
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$74,984
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$74,984
Total Program Service Revenue$167,467
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 $242,451

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Psi Upsilon Fraternity has recieved totaling $9,900.

Awarding OrganizationAmount
Society For The Preservation Of Greek Housing

Champaign, IL

PURPOSE: RESTORATION OF HISTORIC GREEK HOUSING

$9,900
View Grant Recipient Profile

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