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ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY (EIN 47-4902884)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202403209349321610
Schema version
2023v5.1
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

FieldValueIRS element (for citing)
Return2024-11-15T15:52:08-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN640809101PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARPER RAINS KNIGHT & COMPANY PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11052 HIGHLAND COLONY PKWY STE 100AddressLine1Txt
CityRIDGELANDCityNm
State AbbreviationMSStateAbbreviationCd
ZIP39157ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN474902884EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALUMNI ASSOCIATION OF ALPHA GAMMA OFBusinessNameLine1Txt
Business Name Line2CHI PSIBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlALUMBusinessNameControlTxt
Phone6014973147PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1122AddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDWIGHT YOUNGPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6014973147PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOEY FLETCHER CPAPreparerPersonNm
PTINP02465065PTIN
Phone6016050722PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDWIGHT YOUNGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1122AddressLine1Txt
CityBIRMINGHAMCityNm
State AbbreviationALStateAbbreviationCd
ZIP35201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$243,044GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation1993FormationYr
Legal Domicile StateMSLegalDomicileStateCd
Activity Or MissionMANAGING REAL ESTATE AND PERSONAL PROPERTY AND FURNISHINGS FOR THE USE OF THE ALPHA GAMMA CHAPTER (THE CHAPTER) OF CHI PSI FRATERNITY AT THE UNIVERSITY OF MISSISSIPPI, A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER CODE SECTION 501(C)(7) (THE FRATERNITY).ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers10TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$68,027PYContributionsGrantsAmt
CY Contributions Grants$836CYContributionsGrantsAmt
PY Program Service Revenue$87,000PYProgramServiceRevenueAmt
CY Program Service Revenue$136,438CYProgramServiceRevenueAmt
PY Investment Income$46PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$4,082PYOtherRevenueAmt
CY Other Revenue$105,770CYOtherRevenueAmt
PY Total Revenue$159,155PYTotalRevenueAmt
CY Total Revenue$243,044CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$175,062PYOtherExpensesAmt
CY Other Expenses$236,156CYOtherExpensesAmt
PY Total Expenses$175,062PYTotalExpensesAmt
CY Total Expenses$236,156CYTotalExpensesAmt
PY Revenues Less Expenses-$15,907PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$6,888CYRevenuesLessExpensesAmt
Total Assets BOY$2,436,389TotalAssetsBOYAmt
Total Assets EOY$2,397,414TotalAssetsEOYAmt
Total Liabilities BOY$1,536,301TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,490,438TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$900,088NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$906,976NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER CODE SECTION 501(C)(7) (THE FRATERNITY). THE ASSOCIATION WILL COLLECT FEES FROM THE ACTIVE MEMBERS OF THE CHAPTER, OR OTHER LESSEES OF THE ASSOCIATION'S REAL ESTATE AND PROPERTY, WHICH IN TURN WILL BE USED TOWARD THE PAYMENT OF HOUSE OPERATING EXPENSES INCLUDING: INSURANCE, REAL ESTATE TAXES,CERTAIN UPKEEP AND MAINTENANCE COSTS, REPAIRS AND CAPITAL IMPROVEMENTS. THESE ACTIVITIES TAKE APPROXIMATELY 85 PERCENT OF THE ASSOCIATION'S TIME. THESE ACTIVITIES WILL BE CONDUCTED BY VOLUNTEERS OF THE ASSOCIATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$236,156ExpenseAmt
Revenue$242,208RevenueAmt
DescTHE ASSOCIATION LEASED AND MANAGED REAL ESTATE AND PERSONAL PROPERTY AND FURNISHINGS FOR THE USE OF THE ALPHA GAMMA CHAPTER (THE CHAPTER) OF CHI PSI FRATERNITY AT THE UNIVERSITY OF MISSISSIPPI, A NON-PROFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER CODE SECTION 501(C)(7) (THE FRATERNITY). THE ASSOCIATION WILL COLLECT FEES FROM THE ACTIVE MEMBERS OF THE CHAPTER, OR OTHER LESSEES OF THE ASSOCIATION'S REAL ESTATE AND PROPERTY, WHICH IN TURN WILL BE USED TOWARD THE PAYMENT OF HOUSE OPERATING EXPENSES INCLUDING: INSURANCE, REAL ESTATE TAXES,CERTAIN UPKEEP AND MAINTENANCE COSTS, REPAIRS AND CAPITAL IMPROVEMENTS. THESE ACTIVITIES TAKE APPROXIMATELY 85 PERCENT OF THE ASSOCIATION'S TIME. THESE ACTIVITIES WILL BE CONDUCTED BY VOLUNTEERS OF THE ASSOCIATION.Desc
Total Program Service Expenses$236,156TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMSStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDWIGHT YOUNGPersonNm
Phone6014973147PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12422 NORTHAMPTON DRAddressLine1Txt
CityHOOVERCityNm
State AbbreviationALStateAbbreviationCd
ZIP35226ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DREW JACKSON
PRESIDENT1.00Yes (X)$0$0$0
SILAS BEEBE
VICE-PRESIDENT1.00Yes (X)$0$0$0
STEVE BARBER
SECRETARY1.00Yes (X)$0$0$0
DWIGHT YOUNG
TREASURER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$836MembershipDuesAmt
Total Contributions$836TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business532000BusinessCd
Total Revenue Column$136,438TotalRevenueColumnAmt
Related Or Exempt Func Income$136,438RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$136,438TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINSURANCE PROCEEDSDesc
Business900099BusinessCd
Total Revenue Column$105,770TotalRevenueColumnAmt
Related Or Exempt Func Income$105,770RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$105,770OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$243,044TotalRevenueColumnAmt
Related Or Exempt Func Income$242,208RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,943TotalAmt
Program Services$1,943ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$67,545TotalAmt
Program Services$67,545ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$78,029TotalAmt
Program Services$78,029ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$11,161TotalAmt
Program Services$11,161ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE$77,203$77,203
MISCELLANEOUS$275$275

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$236,156TotalAmt
Program Services$236,156ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$34,275BOYAmt
EOY$73,329EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,943,530LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$677,149LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,337,197BOYAmt
EOY$2,266,381EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$64,917BOYAmt
EOY$57,704EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,436,389BOYAmt
EOY$2,397,414EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,492,549BOYAmt
EOY$1,446,686EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,752BOYAmt
EOY$43,752EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,536,301BOYAmt
EOY$1,490,438EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$900,088BOYAmt
EOY$906,976EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$900,088BOYAmt
EOY$906,976EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,436,389BOYAmt
EOY$2,397,414EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$6,888ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,761,834OtherCostOrOtherBasisAmt
Depreciation$495,453DepreciationAmt
Book Value$2,266,381BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$181,696OtherCostOrOtherBasisAmt
Depreciation$181,696DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,266,381TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
JOHNSON LOAN$13,752
MEMBER LOAN 1$20,000
MEMBER LOAN 2$10,000
FieldValueIRS element (for citing)
Total Liability$43,752TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ASSOCIATION'S PRESIDENT HAS AN ACCOUNTING BACKGROUND AND MAINTAINS THE BOOKS. UPON RECEIPT OF THE COMPLETED 990, HE FORWARDS TO ALL MEMBERS FOR REVIEW PRIOR TO SUBMISSION.
FORM 990, PART VI, SECTION C, LINE 19ASSOCIATION MAINTAINS POLICIES IN HOUSE

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