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EIN 35-1077796

Psi Iota Xi Charities

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Muncie
State
Indiana
Year formed
1969
Most recent tax filings
2023-05-01
NTEE code, primary
B83: Student Sororities, Fraternities
Description
Psi Iota Xi Charities distributes monies to local charitable organizations for philanthropic purposes. They also accept donations of property and sell the same with the income being distributed for philanthropic purposes to local charitable organizations. The organization operates the Bargain Box, a thrift store benefitting the community which converts donated merchandise into cash. From the proceeds of the Thrift Store and the earnings of the unrestricted quasi-endowment fund, the organization supports its mission.
Total revenues
$62,844
2023
Total expenses
$88,086
2023
Total assets
$1,066,365
2023
Num. employees
1
2023

Program areas at Psi Iota Xi Charities

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.

Grants made by Psi Iota Xi Charities

GranteeGrant descriptionAmount
A Better Way ServicesProject Assistance$14,500
Urban Light Christian Development CorporationProject Assistance$9,500
Muncie Civic TheatreProject Assistance$9,000

Personnel at Psi Iota Xi Charities

NameTitleCompensation
Margaret SikoraTreasurer$3,378
Kathie NixPresident$0
Jan PeirsonSecretary$0
Lois LargentVice President$0
Sue TaylorSecretary$0
...and 2 more key personnel

Financials for Psi Iota Xi Charities

RevenuesFYE 05/2023
Total grants, contributions, etc.$36,599
Program services$0
Investment income and dividends$15,825
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$10,405
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15
Total revenues$62,844

Form 990s for Psi Iota Xi Charities

Fiscal year endingDate received by IRSFormPDF link
2023-052023-12-15990View PDF
2022-052022-09-15990View PDF
2021-052021-08-04990View PDF
2020-052021-02-17990View PDF
2019-052019-10-12990View PDF
...and 9 more Form 990s
Data update history
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 8 new personnel
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from The Community Foundation of Muncie and Delaware County
April 13, 2022
Updated personnel
Identified 3 new personnel
April 6, 2022
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsFraternities and sororitiesCharities
Issues
Education
Characteristics
Provides grantsEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
607 E Charles St
Muncie, IN 47305
Metro area
Muncie, IN
County
Delaware County, IN
Website URL
psiiotaxi.org/ 
Phone
(765) 288-3835
IRS details
EIN
35-1077796
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B83: Student Sororities, Fraternities
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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