2024-05-15T22:04:02-04:00 2023-06-30 450491842 BLANKENSHIP CPA GROUP PLLC 917 CONFERENCE DR GOODLETTSVILLE TN 370722162 990 2022-07-01 386089059 CHI PSI FRATERNITY CHIP 6157362520 45 RUTLEDGE STREET NASHVILLE TN 37210 HAROLD ARNWINE EXECUTIVE DIRECTOR 6157362520 2024-05-15 true HAROLD ARNWINE XXX-XX-XXXX true JESSICA FREEMAN P01261457 6158598800 2024-05-15 2022 2023-04-26 12:10:37Z HAROLD ARNWINE 45 RUTLEDGE STREET NASHVILLE TN 37210 3007265 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 23 18 11655 10655 167407 704396 1422183 1605998 12287 11655 12487 63656 1614364 2385705 0 0 962934 1171425 0 0 755347 959745 1718281 2131170 -103917 254535 3526602 3917503 1991417 2129325 1535185 1788178 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 true true false false true false false false false false false false false false false false true false false false false false false false false false false true true false false true 5 0 true 23 true true true false false false true true 225090 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 CHF ADVANCEM 40.00 X 144807 0 30010 HAROLD ARNWINE EXECUTIVE DI 40.00 15.00 X X 97690 0 15863 DAVID WOODRUFF CHAIRMAN 0.50 X X 0 0 0 MAX RUBIN 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 DREW ESCHWEILER BOARD MEMBER 0.50 X 0 0 0 JOHN LOGAN BOARD MEMBER 0.50 X 0 0 0 NICK MILONAS BOARD MEMBER 0.50 X 0 0 0 242497 45873 1 false true false 50000 63044 591352 704396 MEMBERSHIP DUES 813410 730260 730260 SERVICE AGREEMENT FEES 813410 574320 574320 RISK MANAGEMENT 813410 177217 177217 CONVENTION 813410 124201 124201 1605998 11655 11655 667899 554631 113268 113268 113268 11325 66929 -55604 -55604 OTHER REVENUE 900099 5992 5992 5992 2385705 1605998 11655 63656 288370 692901 15631 93260 81263 14687 710 75408 56041 67564 87503 58101 283269 49900 97746 RISK MANAGEMENT 127995 BAD DEBT EXPENSE 13565 DUES & SUBSCRIPTIONS 12472 EQUIPMENT RENTAL & MAINT 8536 6248 2131170 0 0 0 178188 241484 99474 42402 178615 161650 7034 108557 97163 3294685 937421 2053455 2357264 784145 747276 117134 270264 3526602 3917503 182567 292080 92253 95330 739033 666587 977564 1075328 1991417 2129325 X 1535185 1788178 1535185 1788178 3526602 3917503 254535 -1542 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 550156 550156 2214592 820983 1393609 33188 33188 496749 83250 413499 2357264 DUE FROM RELATED PARTIES 113519 OPERATING LEASE RIGHT-OF-USE ASSETS 83842 FRATERNITY RISK MGT TRUST DEPOSIT 51734 DEPOSITS 21169 270264 ALPHA BUILDING FUND DEPOSITS 986697 OPERATING LEASE LIABILITY 88631 1075328 3005013 -1542 -1542 3006555 710 -621560 -620850 2385705 2752020 621560 621560 2130460 710 710 2131170 SCHEDULE D, PAGE 4, PART XI, LINE 4B COST OF GOODS SOLD NETTED AGAINST REVENUE PER 990 -66,929 RENTAL EXPENSES NETTED AGAINST REVENUE PER 990 -554,631 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD NETTED AGAINST REVENUE PER 990 66,929 RENTAL EXPENSES NETTED AGAINST REVENUE PER 990 554,631 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. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FRATERNITY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME SUBJECT TO THE UNRELATED BUSINESS INCOME TAX DURING THE YEAR. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN MADE. US GAAP REQUIRES THE FRATERNITY'S MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FRATERNITY AND TO RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FRATERNITY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS OF THE FRATERNITY AND HAS CONCLUDED THAT NO UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR AN ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FRATERNITY HAS NO TAX PENALTIES OR INTEREST REPORTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X X X false false false SAM BESSEY CHF ADVANCEMENT OFFR 144807 17693 12317 174817 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 291459 2335895 CHI PSI BERKELEY HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 262671666 REAL EST TN 527466 1542949 SPENCER P OXFORD HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 274101844 REAL EST TN 206710 888864 SPENCER P RALEIGH HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 460609754 REAL EST TN 121740 20304 SPENCER P LEXINGTON HOLDINGS LLC 45 RUTLEDGE STREET NASHVILLE TN 37210 853906713 REAL EST TN 147000 105857 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