Psi Iota Xi Charities Inc
- Assets
- $1.1m
- Revenue
- $76.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Muncie, IN
- Founding
- 05/1989
- Data as of
- 05/2024
- EIN
- 35-1077796
Organization Overview
Psi Iota Xi Charities Inc is located in Muncie, IN. The organization was established in 1989. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 05/2024, Psi Iota Xi Charities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Psi Iota Xi Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Psi Iota Xi Charities Inc generated $76.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $103.5k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Psi Iota Xi Charities Inc has awarded 34 individual grants totaling $480,358. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE MONIES TO LOCAL CHARITABLE ORGANIZATIONS FOR PHILANTHROPIC PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE BARGAIN BOX, A THRIFT STORE BENEFITTING THE COMMUNITY, WHICH CONVERTS TO CASH, MERCHANDISE DONATED BY THE PUBLIC. FROM THE PROCEEDS OF THE THRIFT STORE AND THE EARNINGS OF THE UNRESTRICTED QUASI-ENDOWMENT FUND, THE ORGANIZATION PROVIDES GRANTS DIRECTLY TO LOCAL CHARITIES. THE ORGANIZATION MAY ALSO DONATE EXCESS MERCHANDISE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS OR CLIENTS OF THE ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Largent President | OfficerTrustee | 5 | $0 |
Carolyn Dewitt Vice-President | OfficerTrustee | 2 | $0 |
Sue Taylor Secretary | OfficerTrustee | 2 | $0 |
Margaret Sikora Treasurer | OfficerTrustee | 5 | $3,508 |
Nicci Lunsford House Chair | Trustee | 2 | $0 |
Chritsy Keeley Asst House Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,925 |
| Noncash contributions included in lines 1a–1f | $41,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,925 |
| Total Program Service Revenue | $0 |
| Investment income | $24,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,116 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,490 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,508 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,886 |
| Fees for services: Other | $583 |
| Advertising and promotion | $0 |
| Office expenses | $1,164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,380 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $103,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,922 |
| Savings and temporary cash investments | $17,437 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,042 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $145,524 |
| Investments—publicly traded securities | $919,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,143,150 |
| Accounts payable and accrued expenses | $390 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $390 |
| Net assets without donor restrictions | $1,142,760 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,143,150 |
Grants Awarded
Over the last fiscal year, Psi Iota Xi Charities Inc has awarded $43,036 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MUNCIE MISSION PURPOSE: HELP THE HOMELESS | $11,036 |
DELAWARE COUNTY HISTORICAL SOCIETY PURPOSE: PROJECT ASSISTANCE | $16,000 |
ISAIAH 117 HOUSE PURPOSE: PROJECT ASSISTANCE | $16,000 |