Nonprofit · EIN 47-4902884
ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY
Tax-exempt · BIRMINGHAM, AL 35201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $173,725 | $217,788 | -$44,063 | $2,305,579 | $1,442,666 | $862,913 |
| December 31, 2023 | 990 | $243,044 | $236,156 | $6,888 | $2,397,414 | $1,490,438 | $906,976 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $124,620
- Investment income
- $0
- Other revenue
- $49,105
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $81,220
- Program services (functional)
- $217,788
Balance sheet and other
- Total assets, start of year
- $2,397,414
- Total assets, end of year
- $2,305,579
- Total liabilities, end of year
- $1,442,666
- Net assets, end of year
- $862,913
- Land, buildings and equipment
- $2,225,887
- Net assets without donor restrictions
- $862,913
- Gross receipts
- $173,725
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1993
- State of legal domicile
- MS
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SILAS BEEBE | PRESIDENT Officer | 1 | $0 |
| DREW JACKSON | VICE-PRESIDENT Officer | 1 | $0 |
| STEVE BARBER | SECRETARY Officer | 1 | $0 |
| DWIGHT YOUNG | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW JACKSON | PRESIDENT Officer | 1 | $0 |
| SILAS BEEBE | VICE-PRESIDENT Officer | 1 | $0 |
| STEVE BARBER | SECRETARY Officer | 1 | $0 |
| DWIGHT YOUNG | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1122, BIRMINGHAM, AL 35201-1122
- In care of
- % DWIGHT A YOUNG
- Principal officer (990 for 2024)
- DWIGHT YOUNG, PO BOX 1122, BIRMINGHAM, AL 35201
- Signed the 990
- DWIGHT YOUNG, TREASURER
- Phone
- (601) 497-3147
- Return prepared by
- HARPER RAINS KNIGHT & COMPANY PA
Mission
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.
Program accomplishments
- THE 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.Expenses $217,788 · revenue $173,725
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4902884
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B83)
- Assets (IRS master file)
- $2,305,579
- Income (IRS master file)
- $173,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $173,725 | $217,788 | $2,305,579 | XML |
| 990 | December 2023 | $243,044 | $236,156 | $2,397,414 | XML |
| 990 | December 2022 | $159,155 | $175,062 | $2,436,389 | 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 47-4902884).
Questions about ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY
- What is the EIN of ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY?
- The employer identification number (EIN) of ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY is 47-4902884.
- Is ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2022.
- Are donations to ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY 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 ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY?
- The 990 for the year ended December 31, 2024 names DWIGHT YOUNG.
- Who are the officers and directors of ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does ALUMNI ASSOCIATION OF ALPHA GAMMA OF CHI PSI FRATERNITY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $173,725, expenses of $217,788 and total assets of $2,305,579 at year end.
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