Chi Psi Fraternity

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410704202 ✦ Minneapolis, MN ✦ Designated as a 501(c)(7)

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Overview

What is Chi Psi Fraternity?

Chi Psi Fraternity is a social club situated at the University of Minnesota, Minneapolis, Minnesota. The organization provides housing for approximately 59 undergraduate male students, accommodating up to 40 of them both during the academic year and summer months. The fraternity employs a full-time chef who prepares meals for its members. As a social club, Chi Psi Fraternity offers a collegiate fraternity environment and various activities to its members. With a workforce of one individual, the fraternity upholds its mission of fostering a sense of community among its members.


Official website here: www.chipsiumn.com

Is Chi Psi Fraternity legitimate?

Chi Psi Fraternity is a legitimate nonprofit organization registered as a 501(c)(7) entity. Chi Psi Fraternity submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,047

For more financial information, click here


Official website here: www.chipsiumn.com

What is the mission statement of Chi Psi Fraternity?

Chi Psi Fraternity functions as a social club at an unspecified university, providing a fraternity environment, housing, and various activities for its male undergraduate members. The mission of this fraternity is centered around offering collegiate housing and organizing engaging activities for its members, aiming to create a conducive fraternity environment. The fraternity houses up to 40 of its members during both the academic year and summer months, ensuring a full-time chef is employed to prepare meals for all members.


Official website here: www.chipsiumn.com

Who is the CEO of Chi Psi Fraternity?

Keillan Doyle is the Principal Officer of Chi Psi Fraternity.


Official website here: www.chipsiumn.com

What is the revenue of Chi Psi Fraternity?

Chi Psi Fraternity's revenue in 2023 was $372,505.


Official website here: www.chipsiumn.com

Who are the executives of Chi Psi Fraternity and what are their salaries?

The average compensation at Chi Psi Fraternity during 2023 was $33,047. There is 1 employee and 59 volunteers at Chi Psi Fraternity.


Here are 4 key members and their salaries:


Max Sonstegard (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Snelson (Internal Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Empson (External Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zachary Hansen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.chipsiumn.com

Where can I find the form 990 for Chi Psi Fraternity?

Chi Psi Fraternity's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.chipsiumn.com

Learn more at the official website: www.chipsiumn.com

Mission Statement of Chi Psi Fraternity

Chi Psi Fraternity, serving as a social club at the University of Minnesota, is dedicated to providing its members with a collegiate fraternity housing, activities, and an overall enriching environment. The organization's mission is centered around offering essential housing facilities for up to 40 male undergraduate students attending the University of Minnesota, both during the academic year and summer months. To cater to the nutritional needs of its members, Chi Psi Fraternity employs a full-time chef who prepares meals for all members, ensuring a balanced and nourishing dining experience.

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Impact




October, 2024

Chi Psi Fraternity significantly shapes the collegiate experience at the University of Minnesota by fostering a supportive community and providing essential resources for its members. With a membership of 59 male undergraduate students, the fraternity offers housing for up to 40 members during the academic year and summer months, creating a stable environment conducive to academic and personal growth.

By employing a full-time chef to prepare meals, Chi Psi emphasizes the importance of nutrition and communal dining, which encourages camaraderie and strengthens bonds among members. The fraternity also organizes a variety of activities, enhancing social interaction and leadership development. Through these experiences, Chi Psi cultivates personal responsibility, teamwork, and a sense of belonging, preparing its members for future endeavors while contributing to a vibrant campus culture in Minneapolis.




This information is meant to be a general summary of Chi Psi Fraternity. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$372,505 (2023)
Expenses
$398,785 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $387
  • Program Service Revenue: $371,495
  • Gross Receipts: $372,505

Assets and Liabilities:

  • Total Assets: $87,383
  • Total Liabilities: $87,960
  • Net Assets: -$577

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT, BOARD

Revenue

$274,438

CHAPTER DUES

Revenue

$87,787

SOCIAL

Revenue

$9,270

Organization Details

Founding Year

1874

Principal Officer

Keillan Doyle

Main Address

2221 UNIVERSITY AVE SE STE 111, MINNEAPOLIS, MN, 55414

NTEE Category

Code: B83 - Education

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