Psi Iota Xi Sorority
- Assets
- $114.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/1951
- Data as of
- 04/2022
- EIN
- 35-6045514
Organization Overview
Psi Iota Xi Sorority is located in Indianapolis, IN. The organization was established in 1951. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Psi Iota Xi Sorority 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 04/2022, Psi Iota Xi Sorority generated $78.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $67.2k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES CULTURAL PHILANTHROPIC ASSISTANCETO THE LOCAL COMMUNITY. MANY PEOPLE BENEFIT FROM THE ORGANIZATION'S PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mo Dix Vice President | 10 | $0 | |
Mickie Hansen Secretary | 10 | $0 | |
Rhonda Mcnall-Crisenbery Treasurer | 10 | $0 | |
Andrea Niedenthal President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,844 |
| Total Program Service Revenue | $263 |
| Membership dues | $59,232 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $73 |
| Other Revenue | $625 |
| Total Revenue | $78,050 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $352 |
| Professional fees and other payments to independent contractors | $6,460 |
| Occupancy, rent, utilities, and maintenance | $4,825 |
| Printing, publications, postage, and shipping | $941 |
| Other expenses | $54,655 |
| Total expenses | $67,233 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,298 |
| Other assets | $0 |
| Total assets | $114,298 |
| Total liabilities | $0 |
| Net assets or fund balances | $114,298 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Performing Arts Fund Inc Milwaukee, WI | $14,391,026 | $9,375,574 |
Fund For The Arts Inc Louisville, KY | $9,833,007 | $6,108,558 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Robert Allerton Trust Under Will Dated April 15 1964 Chicago, IL | $38,402,099 | $3,836,329 |
Ros Foundation Greenfield, WI | $30,196,896 | $3,469,836 |
Lithuanian Foundation Lemont, IL | $53,188,345 | $6,129,593 |
David C & Sarajean Ruttenberg Arts Foundation Chicago, IL | $0 | $66,826 |
Richard & Ellen Sandor Art Foundation Chicago, IL | $0 | $3,100 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Milwaukee Youth Arts Center Foundation Inc Milwaukee, WI | $10,317,722 | $10,905,403 |
Monument Legacy Inc Carmel, IN | $4,006,902 | $508,574 |
League Of Chicago Theatres Foundation Chicago, IL | $3,728,649 | $813,254 |