2018-05-09T14:38:27-04:00 2017-12-31 202061537 STERK & ASSOCIATES CPAS LLC 5064 ROSWELL RD STE B 201 ATLANTA GA 303422266 990 2017-01-01 201217639 BETA PSI FOUNDATION INC % THE ASSOCIATION GROUP BETA 4049626438 1260 WINCHESTER PARKWAY SE STE 205 SMYRNA GA 300806546 MARTIN DOUG TREASURER 4049626438 2018-05-08 true JEFF T LETNER CPA P01253173 4042559363 2018-05-09 167.68.16.49 2018-05-09 13:38:27 CD P 14784083BC2A803C6E7C96116A6ABFBA9CF26668 7B0D73982A56024E38377A879211239E55C71C0F 2017 2021-01-29 14:40:06Z FARR LLOYD 1260 WINCHESTER PARKWAY SE 205 SMYRNA GA 300806546 482092 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 102745 131678 0 44223 39701 0 146968 171379 26000 37000 0 0 0 7674 71385 69501 97385 106501 49583 64878 1312475 1516720 2000 1600 1310475 1515120 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 71137 37000 IN 2017, THE FOUNDATION WAS PLEASED TO AWARD A TOTAL OF 27,000 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 3,802 AND COORDINATED A LEADERSHIP WORKSHOP FOR THE UNDERGRADUATE MEMBERS AT A COST OF 23,465. NON-PROGRAM EXPENSES FOR 2017 TOTALED 18,524. 71137 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 true true 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 3565 PIEDMONT ROAD BLD 3 STE 150 ATLANTA GA 30305 X NIX MATT TRUSTEE 1.00 X 0 0 0 HAMILTON JIM TRUSTEE 1.00 X 0 0 0 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 GRIFFIN MURRAY 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 SHAW ROBERT 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 LEE RON PRESIDENT 1.00 X X 0 0 0 FARR LLOYD VICE-PRESIDE 1.00 X X 0 0 0 MARTIN DOUG TREASURER 1.00 X X 0 0 0 HERRIN OWEN SECRETARY 1.00 X X 0 0 0 BANGERT DOUG 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 PASCUTTI PAUL RELATIONS - 1.00 X X 0 0 0 false false false 131678 131678 28960 28960 319916 1538 310713 9203 1538 10741 10741 171379 39701 X 10000 10000 27000 27000 1412 1412 8645 8645 21409 5564 9434 6411 8330 7067 1263 31 31 5352 5108 244 LEADERSHIP W.SHOP MEALS 16799 16799 LEADERSHIP W.SHOP LODGING 3543 3543 LEADERSHIP W.SHOP MATERIA 1823 1823 LEADERSHIP W.SHOP TRANSP 1300 1300 857 857 106501 71137 27690 7674 123877 121752 1180723 1388198 7875 6770 1312475 1516720 2000 1600 2000 1600 X 1310475 1515120 1310475 1515120 1312475 1516720 64878 128900 10867 X false false X 100663 208722 106981 102745 131678 650789 100663 208722 106981 102745 131678 650789 14352 636437 21784 26872 27600 26384 28960 131600 782389 0.81350 0.82860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENTS - EQUITIES 888363 F INVESTMENTS - FIXED INCOME 432242 F INVESTMENTS - OTHER 67593 F 1388198 DEFERRED REVENUE 1600 1600 true SIGMA CHI FOUNDATION 1714 HINMAN AVENUE EVANSTON IL 60201 362208386 501(C) 10000 SUPPORT PROGRAMS SCHOLARSHIPS 26 27000 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 2017 SCHOLARSHIP RECIPIENTS: JANUARY 1 THRU DECEMBER 31, 2017 . AUSTIN MADDOX - 2,800 BEN IBACH - 500 BRANDT O'KELLEY - 2,100 CHRIS BUSH - 800 CHRIS MAPEL - 2,800 CLAYTON MAIKE - 500 DANIEL WISE - 500 GARRETT DEVANEY - 600 GEORGE SHEPHERD - 1,300 GUS BEISEL - 1,300 HARRISON SLOAN - 900 JAKE DEPIERO - 600 JAMES BOTTOMES - 1,500 JAMES WESTBROOK - 500 JOE WELCH - 1,600 JOHN STAUFFER - 1,100 JONATHAN MCKOWN - 500 KYLE WILLIAMS - 600 NATHAN SETTLAGE - 600 ROSS YOUNG - 1,000 SAMUEL LUTES - 800 SEAN CODY - 1,000 SEAN MIHM - 500 SHAYNE FALLON - 1,500 WILL BYARS - 500 WILL SHARON - 600 GLENN A MERRITT RAYMOND JAMES FINANCIAL ADVIS 8645 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 2, PART III, LINE 2 THE FOUNDATION 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. 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 TAG - SERVICES 5,564 9,434 6,411 FORM 990, PART XI, LINE 9 BOOK/TAX DIFFERENCES 10,867