2016-08-11T08:23:18-05:00 2015-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD STE B 201 ATLANTA GA 303422266 990 2015-01-01 201217639 BETA PSI FOUNDATION INC % THE ASSOCIATION GROUP BETA 4049626438 1260 WINCHESTER PARKWAY SE STE 205 SMYRNA GA 300806546 DOUG MARTIN TRUSTEE 4049626438 2016-08-09 true JEFF T LETNER CPA P01253173 4042559363 2016-08-09 2015 2016-12-15 16:53:06Z DAVID BOWEN 1260 WINCHESTER PARKWAY SE 205 SMYRNA GA 300806546 310040 false X WWW.BETAPSI.ORG X 2004 GA OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. 22 22 0 35 0 208722 106981 0 36627 51346 0 245349 158327 23500 80250 0 0 0 553 67326 63159 90826 143409 154523 14918 1262852 1212436 7646 0 1255206 1212436 X OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. true false 52375 25250 106981 IN 2015, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 25,250 IN SCHOLARSHIPS TO UNDERGRADUATES OF GEORGIA TECH, HOSTED A RECOGNITION DINNER FOR THESE SCHOLARSHIP RECIPIENTS, AT A NET COST TO THE FOUNDATION OF 3,160 AND COORDINATED A LEADERSHIP WORKSHOP FOR THE UNDERGRADUATE MEMERS AT A COST OF 19,650 NON-PROGRAM EXPENSES FOR 2015 TOTALED 36,254. 55000 55000 THE FOUNDATION PROVIDED A GRANT OF 55,000 TO FUND THE CONSTRUCTION OF AN EDUCATIONAL FACILITY. 107375 true true false false false false false false false false false false true false false false false false false false false false false false false false false true true false false false false false false true false false false false false false false false false false false true 0 0 0 false false false false false true false false false false false false false false false false X 22 22 false false false false false false false true true false false true true true true false false false false false GA X X DOUG MARTIN 6789386912 3565 PIEDMONT ROAD BLD 3 SUITE 15 ATLANTA GA 30305 X SANNY LANGLEY TRUSTEE 1.00 X 0 0 0 MATT NIX TRUSTEE 1.00 X 0 0 0 JIM HAMILTON TRUSTEE 1.00 X 0 0 0 RON LEE TRUSTEE 1.00 X 0 0 0 FRANK CLEMENTS TRUSTEE 1.00 X 0 0 0 BRAD FERRIS TRUSTEE 1.00 X 0 0 0 MICHAEL LEVERETT TRUSTEE 1.00 X 0 0 0 DERRICK PORTER TRUSTEE 1.00 X 0 0 0 STEVEN NEEL TRUSTEE 1.00 X 0 0 0 DOUG MARTIN TRUSTEE 1.00 X 0 0 0 BILL DIFFENDERFER TRUSTEE 1.00 X 0 0 0 REED R SMITH TRUSTEE 1.00 X 0 0 0 MURRAY GRIFFIN TRUSTEE 1.00 X 0 0 0 MICHAEL SHUTT PRESIDENT 1.00 X X 0 0 0 DAVID BOWEN VICE-PRESIDE 1.00 X X 0 0 0 DOUG BANGERT TREASURER 2.00 X X 0 0 0 OWEN HERRIN SECRETARY 1.00 X X 0 0 0 WAYNE STEWART FINANCE 1.00 X X 0 0 0 KEVIN SHAW DISBURSEMENT 1.00 X X 0 0 0 PAUL PASCUTTI FUNDRAISING 1.00 X X 0 0 0 LLOYD FARR FOUNDATION R 1.00 X X 0 0 0 false false false 106981 106981 27600 27600 175459 151713 23746 23746 23746 158327 51346 X 55000 55000 25250 25250 1118 1118 7796 7796 24825 4095 20415 315 220 220 5777 5539 238 3773 3160 613 LEADERSHIP W.SHOP ADMIN 8766 8766 LEADERSHIP W.SHOP LODGING 4191 4191 LEADERSHIP W.SHOP MATERIA 3028 3028 LEADERSHIP W.SHOP MEALS 2615 2615 1050 1050 143409 107375 35481 553 10001 155305 111772 1097546 1090995 9669 1262852 1212436 7646 7646 0 X 1255206 1212436 1255206 1212436 1262852 1212436 14918 -57688 X false false false X 45274 79695 100663 208722 106981 541335 45274 79695 100663 208722 106981 541335 541335 19677 21236 21784 26872 27600 117169 658504 0.82210 0.82230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS - EQUITIES 709995 F INVESTMENTS - FIXED INCOME 325905 F INVESTMENTS - OTHER 55095 F 1090995 true SIGMA CHI FOUNDATION 1714 HINMAN AVENUE EVANSTON IL 60201 362208386 501(C) 55000 EDUCATIONAL FACILITY SCHOLARSHIPS 32 25250 SCHEDULE I, PAGE 1, 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, PAGE 4, PART IV 2015 SCHOLARSHIP RECIPIENTS: JANUARY 1 THRU DECEMBER 31, 2015 . 2/17/2015 MATT WILLIAMS 1,000 BLAIR BUFFINGTON 1,000 ADAM ERWOOD 500 BEN IBACH 500 STEFAN BJELCEVIC 500 JAMES HYNES 500 BRADLEY SMITH 1,000 GARRETT MCCLURG 1,000 BEN IBACH 1,000 BRANDT O'KELLEY 500 GARRETT DEVANEY 500 GUS BEISEL 500 JONATHAN MCKOWN 500 HUNTER LEGERTON 500 JOE WELCH 1,000 ALEX MORAN 500 CONNOR DONOVAN 500 CLAYTON MAIKE 500 SEAN MONAHAN 500 DRAKE STEPHENS 1,000 JOSEPH BOYD 1,000 . 11/6/2015 CHRISTOPHER BUSH 1,000 BLAIR BUFFINGTON 1,000 JONATHAN MCKOWN 750 BEN IBACH 750 ALEX MORAN 750 HUNTER LEGERTON 750 STEFAN RIZZO 750 CONNER DONOVAN 1,000 SAM CURTSINGER 1,000 BLAIR BUFFINGTON 1,000 JOSH HENRICKSEN 2,000 GLENN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 7796 FINANCIAL SERVICES false SCHEDULE L, PART V THE FOUNDATION'S ENDOWMENT AND OPERATING ACCOUNTS ARE WITH RAYMOND JAMES. GLEN MERRIT, A FORMER OFFICER AND TRUSTEE OF THE FOUNDATION, IS AN ACCOUNT EXECUTIVE WITH RAYMOND JAMES AND IS RESPONSIBLE FOR OUR ACCOUNT. THE ACCOUNT WAS AWARDED TO RAYMOND JAMES AFTER THE EXECUTIVE COMMITTEE REVIEWED PROPOSALS FROM SEVERAL INVESTMENT FIRMS AND THE BOARD APPROVED RAYMOND JAMES PROPOSAL, FOLLOWING FULL DISCLOSURE OF MR. MERRITT'S RELATIONSHIP. QUARTERLY RESULTS ARE MONITORED BY THE FINANCE COMMITTEE, CHAIRED BY WAYNE STEWART. FORM 990 - ORGANIZATION'S MISSION OUR MISSION IS TO PROVIDE SCHOLARSHIP AWARDS TO THE BROTHERS/PLEDGES OF THE BETA PSI CHAPTER OF THE SIGMA CHI FRATERNITY ON THE BASIS OF SCHOLASTIC ACHIEVEMENT, LEADERSHIP ACHIEVEMENT, OR FINANCIAL NEED AND TO SUPPORT THEIR DEVELOPMENT BY PROVIDING THEM WITH SCHOLASTIC AND LEADERSHIP RELATED TRAINING PROGRAMS AND FACILITIES, THEREBY GIVING THEM THE BEST POSSIBLE FOUNDATION FOR THEIR SUCCESS. FORM 990, PAGE 2, PART III, LINE 2 THE FOUNDATION PROVIDED A GRANT OF 55,000 TO FUND THE CONSTRUCTION OF AN EDUCATIONAL FACILITY. FORM 990, PAGE 6, PART VI, LINE 11B BOARD REVIEWS THE FORM 990 AT THE FIRST BOARD MEETING AFTER ITS PREPARATION. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 19 AVAILABLE AT PRINCIPAL OFFICE. FORM 990, PART IX, LINE 11G BANK SERVICE FEES 0 20 0 PAYPAL FEES 0 1,177 0 TAG - POSTAGE/COPIES 0 2,838 315 TAG - SERVICES 4,095 16,380 0 FORM 990, PART XI, LINE 9 UNREALIZED GAINS/(LOSS) -57,688 TOTAL -57,688