2024-03-29T10:37:45-04:00 2022-06-30 450491842 BLANKENSHIP CPA GROUP PLLC 917 CONFERENCE DR GOODLETTSVILLE TN 370722162 990 2021-07-01 386089059 CHI PSI FRATERNITY CHIP 6157362520 45 RUTLEDGE STREET NASHVILLE TN 37210 HAROLD ARNWINE EXECUTIVE DIRECTOR 6157362520 2024-03-15 true HAROLD ARNWINE XXX-XX-XXXX JESSICA FREEMAN P01261457 6158598800 2024-03-29 2021 2023-04-26 12:10:37Z HAROLD ARNWINE 45 RUTLEDGE STREET NASHVILLE TN 37210 2207751 false X WWW.CHIPSI.ORG X 1947 MI TO CREATE AND MAINTAIN AN ENDURING SOCIETY WHICH STIMULATES INTELLECTUAL, ETHICAL AND SOCIAL GROWTH AND ENCOURAGES THE SHARING OF TRADITIONS AND VALUES. 9 8 16 18 12287 11287 461860 167407 627984 1422183 7515 12287 411059 12487 1508418 1614364 135800 0 0 896581 962934 0 0 346707 755347 1379088 1718281 129330 -103917 4012394 3526602 2342862 1991417 1669532 1535185 TO CREATE AND MAINTAIN AN ENDURING SOCIETY WHICH STIMULATES INTELLECTUAL, ETHICAL AND SOCIAL GROWTH AND ENCOURAGES THE SHARING OF TRADITIONS AND VALUES. false false THE FRATERNITY IS ORGANIZED TO CULTIVATE A UNIQUE ENVIRONMENT WHICH INSTILLS LIFELONG COMMITMENT TO BROTHERHOOD. IN THIS PURSUIT, THE FRATERNITY ENCOURAGES LEADERSHIP, RESPECT FOR ONESELF AND OTHERS, AND RESPONSIBILITY TO THE UNIVERSITY AND COMMUNITY. THE FRATERNITY PROVIDES CHAPTER SERVICES AND LEADERSHIP EDUCATION TO ITS MEMBERS, INCLUDING REGULAR STAFF VISITS, PUBLICATIONS, LEADERSHIP CONVENTION, RESOURCES AND PROGRAMS. THE FRATERNITY PROVIDES OVERSIGHT AND GUIDANCE. false true false false false false false false false true false false false true false false true false false false false false false false false false false false false false false false false false false false false false false true true false false true 4 0 true 16 true true true false false false true true 210200 false false false X 9 8 false false false false true true true true true false true true true true true true true true true false false X HAROLD ARNWINE 6157362520 45 RUTLEDGE STREET NASHVILLE TN 37210 SAM BESSEY EXECUTIVE DI 40.00 15.00 X X 112250 0 0 KURT WELLS CHAIRMAN 2.00 X X 0 0 0 DAVID WOODRUFF VICE CHAIRMA 0.50 X X 0 0 0 MICHAEL BRITT BOARD MEMBER 0.50 X 0 0 0 MARK DAY BOARD MEMBER 0.50 X 0 0 0 MICHAEL GUSTAFSON BOARD MEMBER 0.50 X 0 0 0 JAMES HALTOM BOARD MEMBER 0.50 X 0 0 0 JOHN LOGAN BOARD MEMBER 0.50 X 0 0 0 MAX RUBIN BOARD MEMBER 0.50 X 0 0 0 112250 1 false false false 34891 132516 167407 MEMBERSHIP DUES 813410 713290 713290 SERVICE AGREEMENT FEES 900099 438382 438382 RISK MANAGEMENT 561000 146461 146461 CONVENTION 561000 124050 124050 1422183 12287 12287 563436 553152 10284 10284 10284 17171 40235 -23064 -23064 OTHER REVENUE 900099 25267 25267 25267 1614364 1422183 12287 12487 112250 670583 23358 98724 58019 3711 27421 31836 29602 38595 42429 65332 219185 36005 92120 RISK MANAGEMENT 120903 DUES & SUBSCRIPTIONS 20505 BAD DEBT EXPENSE 10820 EQUIPMENT RENTAL & MAINT 8915 7968 1718281 0 0 0 270429 178188 193903 99474 161495 178615 9473 7034 74720 108557 2893128 839673 2058075 2053455 1192565 784145 51734 117134 4012394 3526602 76151 182567 98356 92253 735292 739033 44000 1389063 977564 2342862 1991417 X 1669532 1535185 1669532 1535185 4012394 3526602 -103917 -30430 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 550156 550156 2226809 724004 1502805 33188 33188 82975 82481 494 2053455 ALPHA BUILDING FUND DEPOSITS 977564 977564 2177321 -30430 -30430 2207751 -593387 -593387 1614364 2311668 593387 593387 1718281 1718281 SCHEDULE D, PAGE 4, PART XI, LINE 4B COST OF GOODS SOLD NETTED AGAINST REVENUE PER 990 -40,235 RENTAL EXPENSES NETTED AGAINST REVENUE PER 990 -553,152 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED AGAINST REVENUE PER 990 40,235 RENTAL EXPENSES NETTED AGAINST REVENUE PER 990 553,152 SCHEDULE D, PAGE 4, PART XIII INCOME TAXES THE FRATERNITY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME SUBJECT TO THE UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. THE FRATERNITY FOLLOWS FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) GUIDANCE RELATED TO UNRECOGNIZED TAX BENEFITS. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THIS GUIDANCE PRESCRIBES A MINIMUM PROBABILITY THRESHOLD THAT A TAX POSITION MUST MEET BEFORE A FINANCIAL STATEMENT BENEFIT IS RECOGNIZED. THE MINIMUM THRESHOLD IS DEFINED AS A TAX POSITION THAT IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FRATERNITY HAS NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, PAGE 6, PART VI, LINE 6 ORGANIZATION IS COMPRISED OF DUES PAYING MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS SELECT DELEGATES TO ATTEND THE ANNUAL CONVENTION AND ELECT THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B THE GOVERNING BODY MEMBERS SEND DELEGATES FROM EACH CHAPTER TO THE ANNUAL CONVENTION. IT IS THE DELEGATES' VOTE THAT DECIDES WHETHER TO OPEN AND/OR CLOSE A CHAPTER OF CHI PSI FRATERNITY. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT OF THE 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THEN E-MAILED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THIS POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. EACH RESPONSIBLE PERSON SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE RESPONSIBLE PERSON IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. THIS POLICY SHALL BE REVIEWED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS. ANY CHANGES TO THE POLICY SHALL BE COMMUNICATED IMMEDIATELY TO ALL RESPONSIBLE PERSONS. DISCLOSURE OF ANY CONFLICTS OF INTEREST ARE TO BE PRESENTED AS THEY ARISE. FORM 990, PAGE 6, PART VI, LINE 15A USING COMPARABLE SALARY INFORMATION FROM OTHER NON-PROFIT ORGANIZATIONS IN THE SURROUNDING AREA, A COMPENSATION COMMITTEE MEETS TO DETERMINE THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE FRATERNITY'S WEBSITE. SPENCER PROPERTIES 45 RUTLEDGE STREET NASHVILLE TN 37210 383768520 REAL EST TN -43119 2041610 CHI PSI BERKELEY HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 262671666 REAL EST TN 287613 1216747 SPENCER P OXFORD HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 274101844 REAL EST TN 139554 898456 SPENCER P RALEIGH HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 460609754 REAL EST TN 118376 20794 SPENCER P LEXINGTON HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 853906713 REAL EST TN 95250 35629 SPENCER P CHI PSI EDUCATIONAL TRUST INC 45 RUTLEDGE STREET NASHVILLE TN 37210 030386312 EDUC PROGR IL 501C3 7 N/A false false false true false false false false false false false false true false false false false false false false