THE PSI UPSILON FOUNDATION INC

EIN: 056013135 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$603,915
Total Expenses
$715,175
Total Assets
$2,574,637
Net Assets
$2,428,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
IN
Principal Officer
ALEXANDER C SENCHAK
Phone
3175711833
Tax Period
2024-07-01 to 2025-06-30

THE PSI UPSILON FOUNDATION INC, founded in 1958, is a small nonprofit that reported $604K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $715K exceeded revenue, resulting in a 18% operating deficit.

Mission

THE PSI UPSILON FOUNDATION PROVIDES VALUE BASED LEADERSHIP DEVELOPMENT OPPORTUNITIES, CHARACTER-BUILDING EXPERIENCES AND PERSONAL DEVELOPMENT THROUGH EXPERIENTIAL LEARNING, EDUCATIONAL PROGRAMS AND PARTICIPATION IN SELF-GOVERNANCE. THE FOUNDATION PROVIDES MERIT AND NEED BASED SCHOLARSHIPS TO MEMBERS WHO HAVE DEMONSTRATED A COMMITMENT TO MORAL, INTELLECTUAL, AND SOCIAL EXCELLENCE.

Program Service Accomplishments

Program 1
Expenses: $364,373

EDUCATIONAL PROGRAMMING PROVIDED BY THE FOUNDATION TO UNDERGRADUATE MEMBERS OF PSI UPSILON FRATERNITY. ALL CONVENTION DELEGATES AT THE ANNUAL LEADERSHIP INSTITUTE WHICH FEATURED SESSIONS OF...

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EDUCATIONAL PROGRAMMING PROVIDED BY THE FOUNDATION TO UNDERGRADUATE MEMBERS OF PSI UPSILON FRATERNITY. ALL CONVENTION DELEGATES AT THE ANNUAL LEADERSHIP INSTITUTE WHICH FEATURED SESSIONS OF LEADERSHIP SKILLS AND ORGANIZATIONAL MANAGEMENT. PROFESSIONAL STAFF MAKE ON CAMPUS VISITS AND ARE AVAILABLE FOR CONSULTATION VIA TELEPHONE OR E-MAIL THROUGHOUT THE YEAR.

Program 2
Expenses: $61,161

GRANTS TO PSI UPSILON FRATERNITY TO SUPPORT ITS EDUCATIONAL PROGRAMS AT THE CHAPTER LEVEL. EVERY CHAPTER OF PSI UPSILON FRATERNITY RECEIVED AT LEAST ONE VISIT FROM A PROFESSIONAL STAFF MEMBER. EACH...

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GRANTS TO PSI UPSILON FRATERNITY TO SUPPORT ITS EDUCATIONAL PROGRAMS AT THE CHAPTER LEVEL. EVERY CHAPTER OF PSI UPSILON FRATERNITY RECEIVED AT LEAST ONE VISIT FROM A PROFESSIONAL STAFF MEMBER. EACH VISIT INCLUDED INSTRUCTION ON CIVIC RESPONSIBILITY, MANAGEMENT OF HUMAN RESOURCES, COMMUNITY SERVICE, FINANCIAL AND RISK MANAGEMENT, EFFECTIVE COMMUNICATION, AND ELIMINATIONS OF DRUG AND ALCOHOL ABUSE AND SEXUAL ASSAULTS. THE CHAPTER PRESIDENT FROM EACH ACTIVE CHAPTER OF PSI UPSILON FRATERNITY WAS INVITED TO A WEEKEND PROGRAM (THE PSI UPSILON ARCHON'S ACADEMY) TO LEARN ADDITIONAL SKILLS IN LEADERSHIP, DELEGATION, CONFLICT RESOLUTION, PARLIAMENTARY PROCEDURE, TIME MANAGEMENT, RISK MANAGEMENT, AND CONSENSUS BUILDING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $547,773
Program Service Revenue $0
Investment Income $55,315
Other Revenue $827
TOTAL REVENUE $603,915

Expense Breakdown

Grants Paid $155,219
Salaries & Benefits $245,988
Fundraising Expenses $145,848
Program Expenses $425,534
Other Expenses $313,968
TOTAL EXPENSES $715,175

Year-over-Year Comparison

2024 2023 Change
Revenue $603,915 $503,703 +0.2%
Expenses $715,175 $669,089 +0.1%
Net Income $-111,260 $-165,386 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
5
Volunteers
75

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER C SENCHAK CHAIR AND PRESIDENT 2.00
Officer Director
$0 $0 $0
MATTHEW JOHN ECKENRODE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
J MARTIN BRAYBOY SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN F H ONG TREASURER 2.00
Officer Director
$0 $0 $0
PATRICK J GILRANE CHAIRMAN EMERITUS 2.00
Director
$0 $0 $0
GARY G PAN DIRECTOR 2.00
Director
$0 $0 $0
GARRETT W GLEIM DIRECTOR 2.00
Director
$0 $0 $0
LAWRENCE D RAKERS DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS M JACKMAN DIRECTOR 2.00
Director
$0 $0 $0
JAMES T VOLPENTEST DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER M ROPER DIRECTOR 2.00
Director
$0 $0 $0
APURVA UPADHYAY DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $603,915 $715,175 $2,574,637 $-111,260
2024 $503,703 $669,089 $2,616,666 $-165,386
2024 No data No data No data No data
2023 $534,026 $637,332 $2,384,126 $-103,306
2022 $1,183,612 $625,497 $2,291,769 $558,115
2021 $558,974 $423,656 $2,153,504 $135,318
2020 $359,327 $399,341 $1,736,556 $-40,014
2019 $294,018 $384,217 $1,727,129 $-90,199
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