Nonprofit · EIN 23-7010656
EPSILON EDUCATIONAL ENDOWMENT
Tax-exempt (reinstated) · GRAND RAPIDS, MI 49506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $246,199 | $40,007 | $206,192 | $960,506 | $0 | $960,506 |
| April 30, 2024 | 990 | $129,785 | $37,748 | $92,037 | $723,043 | $0 | $723,043 |
| April 30, 2023 | 990 | $46,137 | $63,243 | -$17,106 | $625,179 | $0 | $625,179 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $222,113
- Program service revenue
- $0
- Investment income
- $24,086
- Net gain from sales of assets
- $17,497
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $32,200
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $7,787
- Program services (functional)
- $32,200
- Management and general (functional)
- $20
- Fundraising (functional)
- $7,787
Balance sheet and other
- Total assets, start of year
- $723,043
- Total assets, end of year
- $960,506
- Total liabilities, end of year
- $0
- Net assets, end of year
- $960,506
- Publicly traded securities
- $335,427
- Net assets without donor restrictions
- $960,506
- Gross receipts
- $366,241
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1968
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Laus | President Officer | 1 | $0 |
| Steven Starnes | Treasurer Officer | 1 | $0 |
| Andrew McQuarrie | Secretary Officer | 1 | $0 |
990 for the year ended April 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Laus | President Officer | 1 | $0 |
| Steven Starnes | Treasurer Officer | 1 | $0 |
| Andrew McQuarrie | Secretary Officer | 1 | $0 |
990 for the year ended April 30, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Chris Laus | President Officer | 1 | $0 |
| Steven Starnes | Treasurer Officer | 1 | $0 |
| Andrew McQuarrie | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2115 WEALTHY ST SE, GRAND RAPIDS, MI 49506-3013
- In care of
- % JOHN M ROSS
- Mailing address (990-N for 2020)
- 2746 Beechwood Dr SE, Grand Rapids MI 49506
- Principal officer (990 for 2024)
- Steven Starnes, 2115 Wealthy St SE, Grand Rapids, MI 49506
- Principal officer (990-N for 2020)
- Steven Starnes, 2746 Beechwood Dr SE, Grand Rapids MI 49506
- Signed the 990
- Steven Starnes, Treasurer
- Phone
- (616) 802-4462
Mission
Scholarships and educational support are provided to students at the University of Michigan, with preference given to members of Chi Psi Fraternity at the University of Michigan.
Program accomplishments
- The Epsilon Educational Endowment had steady fundraising and scholarship grants to undergraduate students at the University of Michigan.Expenses $32,200 · grants $32,200 · revenue $222,113
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 23-7010656
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $960,506
- Income (IRS master file)
- $366,241
Revocation and reinstatement
- Exemption revoked
- September 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective September 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $246,199 | $40,007 | $960,506 | XML |
| 990 | April 2024 | $129,785 | $37,748 | $723,043 | XML |
| 990 | April 2023 | $46,137 | $63,243 | $625,179 | XML |
| 990 | April 2022 | $1,025,996 | $350,334 | $667,164 | IRS |
| 990-N for 2020 Officer: Steven Starnes | April 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Steven Starnes | April 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7010656).
Questions about EPSILON EDUCATIONAL ENDOWMENT
- What is the EIN of EPSILON EDUCATIONAL ENDOWMENT?
- The employer identification number (EIN) of EPSILON EDUCATIONAL ENDOWMENT is 23-7010656.
- Is EPSILON EDUCATIONAL ENDOWMENT tax-exempt?
- Yes. The IRS revoked its exemption on September 15, 2010 and reinstated it effective September 15, 2010.
- Are donations to EPSILON EDUCATIONAL ENDOWMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EPSILON EDUCATIONAL ENDOWMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EPSILON EDUCATIONAL ENDOWMENT due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EPSILON EDUCATIONAL ENDOWMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of EPSILON EDUCATIONAL ENDOWMENT?
- The 990 for the year ended April 30, 2025 names Steven Starnes.
- Who are the officers and directors of EPSILON EDUCATIONAL ENDOWMENT?
- The 990 for the year ended April 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does EPSILON EDUCATIONAL ENDOWMENT have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $246,199, expenses of $40,007 and total assets of $960,506 at year end.
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