2019-05-31T10:38:14-05:00 2018-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD STE B 201 ATLANTA GA 303422266 990 2018-01-01 201217639 BETA PSI FOUNDATION INC BETA 4049626438 596 CONCORD ROAD SMYRNA GA 30082 MARTIN DOUG TREASURER 4049626438 2019-05-15 true JEFF T LETNER CPA P01253173 4042559363 2019-05-15 167.68.16.49 2019-05-31 10:38:14 CD P 34CF7F389F84536AF6AC12F8A0AA29DBB695096B 67230CC400BB23F1FE92A45E7CEEFAE9C7197272 2018 2019-02-21 02:37:17Z PASCUTTI PAUL 596 CONCORD ROAD SMYRNA GA 30082 258866 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. 21 21 0 35 0 131678 145765 0 39701 44735 0 171379 190500 37000 39950 0 0 0 9350 69501 67866 106501 107816 64878 82684 1516720 1482483 1600 2314 1515120 1480169 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. false false 71990 39950 IN 2018, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 29,950 IN SCHOLARSHIPS TO UNDERGRADUATES OF GEORGIA TECH, PROVIDED A GRANT OF 10,000 TO THE SIGMA CHI FOUNDATION TO SUPPORT KEY LEADERSHIP AND SCHOLARSHIPS PROGRAMS PROVIDED UNDERGRADUATES OF THE BETA PSI CHAPTER, HOSTED A RECOGNITION DINNER FOR THESE SCHOLARSHIP RECIPIENTS, AT A NET GAIN TO THE FOUNDATION OF 4,408 AND COORDINATED A LEADERSHIP WORKSHOP FOR THE UNDERGRADUATE MEMBERS AT A COST OF 24,969. NON-PROGRAM EXPENSES FOR 2018 TOTALED 16,102. 71990 true true false false false false false false false false false false true false true 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 false false false false false false false false false false false false X 21 21 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 3550 LENOX ROAD SUITE 2100 ATLANTA GA 30326 X CLEMENTS FRANK TRUSTEE 1.00 X 0 0 0 FERRIS BRAD TRUSTEE 1.00 X 0 0 0 LEVERETT MIKE TRUSTEE 1.00 X 0 0 0 NEEL STEVEN TRUSTEE 1.00 X 0 0 0 DIFFENDERFER BILL TRUSTEE 1.00 X 0 0 0 SANDUSKY TAYLOR TRUSTEE 1.00 X 0 0 0 SHAW KEVIN TRUSTEE 1.00 X 0 0 0 ODANIEL KEITH TRUSTEE 1.00 X 0 0 0 GOWEN BILL TRUSTEE 1.00 X 0 0 0 HAMILTON JIM TRUSTEE 1.00 X 0 0 0 HELIG TIM TRUSTEE 1.00 X 0 0 0 HIGGINS RICK TRUSTEE 1.00 X 0 0 0 THURMAN MARK TRUSTEE 1.00 X 0 0 0 FARR LLOYD TRUSTEE 1.00 X 0 0 0 LEE RON PRESIDENT 1.00 X X 0 0 0 PASCUTTI PAUL VICE-PRESIDE 1.00 X X 0 0 0 MARTIN DOUG TREASURER 2.00 X X 0 0 0 HERRIN OWEN FINANCE - CH 1.00 X X 0 0 0 ASIP JIMMY FUNDRAISING 1.00 X X 0 0 0 JAMES DUNCAN DISBURSEMENT 1.00 X X 0 0 0 SHAW ROBERT RELATIONS - 1.00 X X 0 0 0 false false false 145765 145765 33602 33602 79499 68366 11133 11133 11133 190500 11133 33602 X 10000 10000 29950 29950 1410 1410 9690 9690 21430 5007 10653 5770 7015 3435 3580 25 25 2265 2063 202 LEADERSHIP W.SHOP MEALS 17435 17435 LEADERSHIP W.SHOP LODGING 3650 3650 LEADERSHIP W.SHOP MATERIA 2535 2535 LEADERSHIP W.SHOP TRANSP 1350 1350 1061 1061 107816 71990 26476 9350 121752 162921 1388198 1311117 6770 8445 1516720 1482483 1600 2314 1600 2314 X 1515120 1480169 1515120 1480169 1516720 1482483 X 82684 -116822 -813 X false false X 208722 106981 102745 131678 145765 695891 208722 106981 102745 131678 145765 695891 61428 634463 26872 27600 26384 28960 33602 143418 839309 0.75590 0.81350 X INVESTMENTS - EQUITIES 784240 F INVESTMENTS - FIXED INCOME 474695 F INVESTMENTS - OTHER 52182 F 1311117 ACCRUED PRINTING 1514 DEFERRED REVENUE 600 OTHER LIABILITIES 200 2314 true SIGMA CHI FOUNDATION 1714 HINMAN AVENUE EVANSTON IL 60201 362208386 501(C) 10000 SUPPORT PROGRAMS SCHOLARSHIPS 40 29950 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 2018 SCHOLARSHIP RECIPIENTS: JANUARY 1 THRU DECEMBER 31, 2018 . ALEXANDER CHRISTIANSON - 600 ANDREW DUNCAN - 600 BRANDT O'KELLY - 600 CAMERON WHITEMAN - 600 CLARK SANDERSON - 600 COLBY TURNER - 1,100 DANIEL SMITH - 1,100 DAVID STINSON - 1,000 DAVIS MASSEY - 600 GARRETT DEVANEY - 600 GEORGE SHEPHERG - 600 GUS BEISEL - 800 HUNTER LEGERTON - 600 HUNTER PODIN - 2,000 JACK BREISSIMGER - 1,000 JAMES WESTBROOK - 1,200 JOE WELCH - 1,800 JOHN STAUFFER - 2,700 JONATHAN MCKOWN - 1,700 JOSEPH SHAVER - 1,700 KYLE WILLIAMS - 750 MATT SEGLER - 600 NICHOLAS RANDALL - 800 NOAH HARPER - 1,200 PATRICK PRESTRIDGE - 1,200 ROSS CEFALU - 600 ROSS YOUNG - 750 STEVE SHAH - 600 WILL SHARON - 600 WILLIAM IMSAND - 1,350 GLENN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 9690 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 OWEN HERRIN. 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 6, PART VI, 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, 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 TAG - SERVICES 5,007 10,653 5,770 FORM 990, PART XI, LINE 9 BOOK/TAX DIFFERENCES -813