BETA PSI FOUNDATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- BETA PSI FOUNDATION INC (EIN 20-1217639)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-07-29
- IRS object ID
- 202502109349301900
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-29T15:46:31-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 580692043 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAULDIN & JENKINS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 GALLERIA PKWY SE STE 1700 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303395946 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201217639 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BETA PSI FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BETA | BusinessNameControlTxt |
| Phone | 4049626438 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1151 HAMMOND DRIVE NE STE 240 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30346 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBBY RANKIN | PersonNm |
| Person Title | VP GOVERNANCE | PersonTitleTxt |
| Phone | 4049626438 | PhoneNum |
| Signature | 2025-07-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MELISSA SEWARD | PreparerPersonNm |
| PTIN | P02145103 | PTIN |
| Phone | 7709558600 | PhoneNum |
| Preparation | 2025-07-28 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBBY RANKIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1151 HAMMOND DRIVE NE STE 240 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30346 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $879,763 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BETAPSI.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | PROMOTE, ENCOURAGE, AND SUPPORT EDUCATIONAL ACTIVITIES FOR THE BILL GEORGE BETA PSI CHAPTER. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $197,996 | PYContributionsGrantsAmt |
| CY Contributions Grants | $159,477 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,455 | PYInvestmentIncomeAmt |
| CY Investment Income | $62,040 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$24,915 | PYOtherRevenueAmt |
| CY Other Revenue | $3,953 | CYOtherRevenueAmt |
| PY Total Revenue | $225,536 | PYTotalRevenueAmt |
| CY Total Revenue | $225,470 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $42,050 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $108,238 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $73,019 | PYOtherExpensesAmt |
| CY Other Expenses | $150,031 | CYOtherExpensesAmt |
| PY Total Expenses | $115,069 | PYTotalExpensesAmt |
| CY Total Expenses | $258,269 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $110,467 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$32,799 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,309,355 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,476,675 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $22,675 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,640 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,286,680 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,460,035 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ACTIVE BROTHERS AND PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY AT THE GEORGIA INSTITUTE OF TECHNOLOGY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $169,366 | ExpenseAmt |
| Grant | $108,237 | GrantAmt |
| Desc | THE BETA PSI FOUNDATION PROMOTES, ENCOURAGES AND SUPPORTS EDUCATIONAL ACTIVITIES FOR THE BILL GEORGE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY BY BOTH AWARDING SCHOLARSHIPS AND STUDENT AID AND DEVELOPING FUTURE LEADERS. IN 2024, THE FOUNDATION AWARDED $108,237 IN SCHOLARSHIPS TO GEORGIA TECH UNDERGRADUATES. BY HOSTING VARIOUS SOCIAL AND NETWORKING ACTIVITIES WITH ALUMNI AND THE UNDERGRADUATE CHAPTER, BROTHERHOOD IS FOSTERED AMONG ALUMNI AND UNDERGRADUATE BROTHERS. ADDITIONALLY, THE FOUNDATION ENCOURAGES LEADERSHIP FOR LIFE, WHICH PROMOTES CONTINUED INVOLVEMENT FROM BETA PSI ALUMNI IN THE LIVES AND DEVELOPMENT OF BROTHERS AND PLEDGES. | Desc |
| Total Program Service Expenses | $169,366 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALICIA GILBERT | PersonNm |
| Phone | 4049626438 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1151 HAMMOND DRIVE NE STE 240 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30346 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| JOE KINSEY | ||||||
| PRESIDENT | 1.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| GREG DAVIS | ||||||
| PRESIDENT-ELECT | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHARLIE LOCKWOOD | ||||||
| VICE PRESIDENT, FINANCE & INVESTMENTS | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ALAN MADEWELL | ||||||
| VICE PRESIDENT, FOUNDATION RELATIONS | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| SCOTT EANES | ||||||
| VICE PRESIDENT, FUNDRAISING | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ROBBY RANKIN | ||||||
| VICE PRESIDENT, GOVERNANCE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WARREN STRICKLER | ||||||
| TREASURER | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CHARLIE BURGAMY | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROB HEUSEL | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEITH JACKSON | ||||||
| MEMBER | 1.50 | Yes (X) | $0 | $0 | $0 | |
| ALAN KENNEDY | ||||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| ROB MITCHELL | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CARLOS NAVARRO | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JD RICHEY | ||||||
| MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARC SMITH | ||||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JOE SMYTH | ||||||
| MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |
| CLAY SPARROW | ||||||
| MEMBER | 3.50 | Yes (X) | $0 | $0 | $0 | |
| BOB SWIFT | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TOM TURCO | ||||||
| MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BARRY VLASS | ||||||
| MEMBER | 0.02 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $159,477 | AllOtherContributionsAmt |
| Total Contributions | $159,477 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,230 | TotalRevenueColumnAmt |
| Exclusion | $13,230 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $703,003 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $654,193 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $48,810 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $48,810 | TotalRevenueColumnAmt |
| Exclusion | $48,810 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $4,053 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $100 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,953 | TotalRevenueColumnAmt |
| Exclusion | $3,953 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $225,470 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $65,993 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,238 | TotalAmt |
| Program Services | $108,238 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,000 | TotalAmt |
| Management And General | $7,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,719 | TotalAmt |
| Management And General | $10,719 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,456 | TotalAmt |
| Management And General | $51,456 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,175 | TotalAmt |
| Management And General | $12,175 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,492 | TotalAmt |
| Management And General | $4,492 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,739 | TotalAmt |
| Program Services | $5,739 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,738 | TotalAmt |
| Program Services | $55,389 | ProgramServicesAmt |
| Management And General | $349 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,712 | TotalAmt |
| Management And General | $2,712 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $258,269 | TotalAmt |
| Program Services | $169,366 | ProgramServicesAmt |
| Management And General | $88,903 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,407 | BOYAmt |
| EOY | $99,451 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,742 | BOYAmt |
| EOY | $28,770 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,350 | BOYAmt |
| EOY | $3,500 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,904 | BOYAmt |
| EOY | $8,513 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,111,952 | BOYAmt |
| EOY | $2,336,441 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,309,355 | BOYAmt |
| EOY | $2,476,675 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,675 | BOYAmt |
| EOY | $16,640 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,675 | BOYAmt |
| EOY | $16,640 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,286,680 | BOYAmt |
| EOY | $385,296 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,074,739 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,286,680 | BOYAmt |
| EOY | $2,460,035 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,309,355 | BOYAmt |
| EOY | $2,476,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$32,799 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $206,154 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $139,445 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $126,050 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $148,063 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $197,996 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $159,477 | CurrentTaxYearAmt |
| Total | $771,031 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $139,445 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $126,050 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $148,063 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $197,996 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $159,477 | CurrentTaxYearAmt |
| Total | $771,031 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $141,960 | SubstantialContributorsTotAmt |
| Public Support Total170 | $629,071 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $32,234 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,046 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $36,088 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,409 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,230 | CurrentTaxYearAmt |
| Total | $127,007 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $3,953 | CurrentTaxYearAmt |
| Total | $3,953 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $901,991 | TotalSupportAmt |
| Public Support CY170 | 0.69740 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67010 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,501,349 | BeginningYearBalanceAmt |
| Contributions | $7,125 | ContributionsAmt |
| Investment Earnings Or Losses | $177,477 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $46,642 | OtherExpendituresAmt |
| End Year Balance | $1,639,309 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.63902 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.36098 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $388,905 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $206,154 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$32,000 | OtherRevenueAmt |
| Revenue Not Reported | $174,154 | RevenueNotReportedAmt |
| Revenue Subtotal | $214,751 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $10,719 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $10,719 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $225,470 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $215,550 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $215,550 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $10,719 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $32,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $42,719 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $258,269 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. |
| PART X, LINE 2: | THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS THAT PROVIDE GUIDANCE ON WHEN UNCERTAIN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. NO LIABILITY HAS BEEN RECORDED AS OF DECEMBER 31, 2024 DUE TO UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | AWARDS DINNER EXPENSE -32,000. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | AWARDS DINNER EXPENSE 32,000. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 30 | RecipientCnt |
| Cash Grant | $108,238 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | THE BOARD OF DIRECTORS SHALL GATHER AND ANALYZE FACTS AND CONDUCT SUCH INVESTIGATION AND RESEARCH FROM TIME TO TIME THAT MAY BE NECESSARY IN ORDER TO DETERMINE THE MOST EFFECTIVE USE OF GRANT FUNDS. |
| SCHEDULE I PART III | SCHOLARSHIP RECIPIENTS ARE SELECTED USING A BLIND APPLICATION REVIEW PROCESS. SCHOLARSHIP AWARDS ARE DISBURSED DIRECTLY TO THE SCHOOL. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE ADMENDED TO ADD THE FOLLOWING MISSION STATEMENT: THE CORPORATION'S MISSION IS TO PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR ACTIVE BROTHERS AND PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY AT THE GEORGIA INSTITUTE OF TECHNOLOGY. THE NEW BYLAWS NAME AND DEFINE SEVERAL COMMITTEES INCLUDING EXECUTIVE, DISBURSEMENTS, FINANCE, GOVERNANCE, AND FUNDRAISING COMMITTEES. THE BYLAWS AUTHORIZE CONTRACTING WITH AN ADMINISTRATIVE SERVICES AGENCY FOR DUTIES NORMALLY PERFORMED BY OFFICERS. THE EXPECTED FUNCTIONS OF THE BOARD ARE ENUMERATED AND DESCRIBED. THE FOLLOWING VICE PRESIDENTS HAVE BEEN ADDED AS OFFICERS: VICE PRESIDENT OF DISBURSEMENTS, VICE PRESIDENT OF FINANCE AND INVESTMENTS AS TREASURER, VICE PRESIDENT OF FOUNDATION RELATIONS, VICE PRESIDENT OF FUNDRAISING, AND A VICE PRESIDENT OF GOVERNANCE AS SECRETARY. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PROVIDED TO EACH INDIVIDUAL BOARD MEMBER BEFORE FILING FOR THEIR REVIEW. BOARD REVIEWS THE FORM 990 AT THE FIRST BOARD MEETING AFTER ITS PREPARATION. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH TRUSTEE IS REMINDED OF THE CONFLICT OF INTEREST POLICY AND ASKED TO REPORT ANY POSSIBLE CONFLICT OF INTEREST ON AN ANNUAL BASIS. THE BOARD APPROVES ALL SIGNIFICANT CONTRACTS. THE PRESIDENT, CHAIRMAN OF THE FINANCE COMMITTEE AND THE TREASURER REVIEW ALL DISBURSEMENTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE AT PRINCIPAL OFFICE. |
| FORM 990, PART IX, LINE 11G | CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 51,456. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,456. |
| FORM 990 PART XI LINE 2C | THERE HAVE BEEN NO CHANGES IN THE AUDITOR SELECTION NOR OVERSIGHT PROCESS. |