Nonprofit · EIN 35-1077796
PSI IOTA XI CHARITIES INC
Tax-exempt · MUNCIE, IN 47305
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $72,853 | $107,681 | -$34,828 | $1,144,630 | $372 | $1,144,258 |
| May 31, 2024 | 990 | $76,724 | $103,451 | -$26,727 | $1,143,150 | $390 | $1,142,760 |
| May 31, 2022 | 990 | $115,594 | $118,471 | -$2,877 | $1,124,482 | $370 | $1,124,112 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $41,058
- Program service revenue
- $0
- Investment income
- $54,173
- Net gain from sales of assets
- $28,252
- Net income from sales of inventory
- -$22,772
- Other revenue
- -$22,378
Expenses
- Grants and similar amounts paid
- $63,666
- Compensation of officers, directors and key employees
- $4,378
- Other salaries and wages
- $680
- Salaries, compensation and benefits (total)
- $5,393
- Professional fundraising fees
- $0
- Legal fees
- $1,355
- Accounting fees
- $1,500
- Occupancy
- $9,690
- Depreciation
- $10,375
- Program services (functional)
- $93,675
- Management and general (functional)
- $14,006
Balance sheet and other
- Total assets, start of year
- $1,143,150
- Total assets, end of year
- $1,144,630
- Total liabilities, end of year
- $372
- Net assets, end of year
- $1,144,258
- Land, buildings and equipment
- $135,024
- Publicly traded securities
- $948,849
- Net assets without donor restrictions
- $1,144,258
- Gross receipts
- $226,221
- Employees
- 1
- Volunteers
- 50
- Year formed
- 1969
- State of legal domicile
- IN
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SIKORA | TREASURER Trustee or director, Officer | 5 | $4,378 |
| CAROLYN DEWITT | PRESIDENT Trustee or director, Officer | 5 | $0 |
| AUDREA KOONTZ | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 |
| SUE TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHRISTY KEELY | HOUSE CHAIR Trustee or director | 2 | $0 |
| PAM GILLUM | MARKING CHAIR Trustee or director | 2 | $0 |
| RALU WOLFE | ASST MARKING CHAIR Trustee or director | 2 | $0 |
| AMANDA DUNNUCK | SELLING CHAIR Trustee or director | 2 | $0 |
| SHERRY RIDENOUR | ASST SELLING CHAIR Trustee or director | 2 | $0 |
| CAROL KOSISKO | PUBLIC RELATIONS CHAIR Trustee or director | 2 | $0 |
| ANN ARWOOD | ENDOWMENT CHAIR Trustee or director | 2 | $0 |
| SHARI DIXON | ALPHA PRESIDENT Trustee or director | 1 | $0 |
| SANDY MCCALLISTER | ALPHA PARLIAMENTARIAN Trustee or director | 1 | $0 |
| LOIS LARGENT | ADVISOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SIKORA | TREASURER Trustee or director, Officer | 5 | $3,508 |
| LOIS LARGENT | PRESIDENT Trustee or director, Officer | 5 | $0 |
| CAROLYN DEWITT | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 |
| SUE TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| NICCI LUNSFORD | HOUSE CHAIR Trustee or director | 2 | $0 |
| CHRITSY KEELEY | ASST HOUSE CHAIR Trustee or director | 2 | $0 |
| JULIE TERHUNE | MARKING CHAIR Trustee or director | 2 | $0 |
| NANCY WATTS | ASST MARKING CHAIR Trustee or director | 2 | $0 |
| LOIS LARGENT | STOCKING CHAIR Trustee or director | 2 | $0 |
| PAM GILLUM | SELLING CHAIR Trustee or director | 2 | $0 |
| AMANDA DUNNUCK | ASST SELLING CHAIR Trustee or director | 2 | $0 |
| KATE MURRAY | PUBLIC RELATIONS CHAIR Trustee or director | 2 | $0 |
| JAN PIERSON | ENDOWMENT CHAIR Trustee or director | 2 | $0 |
| SUSAN HAYNES | ALPHA PRESIDENT Trustee or director | 1 | $0 |
| SANDY MCCALLISTER | ALPHA PARLIAMENTARIAN Trustee or director | 1 | $0 |
| KATHIE NIX | ADVISOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2022: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET SIKORA | TREASURER Trustee or director, Officer | 5 | $3,378 |
| JULIE TERHUNE | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KATHIE NIX | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 |
| SUE TAYLOR | SECRETARY Trustee or director, Officer | 2 | $0 |
| CAROLYN KORNILOW | HOUSE CHAIR Trustee or director | 2 | $0 |
| SANDY MCCALLISTER | ASST HOUSE CHAIR Trustee or director | 2 | $0 |
| BETH LANG | MARKING CHAIR Trustee or director | 2 | $0 |
| LYNN SHIPLEY | ASST MARKING CHAIR Trustee or director | 2 | $0 |
| ANN ARWOOD | STOCKING CHAIR Trustee or director | 2 | $0 |
| TERESA ASHCRAFT | ASST STOCKING CHAIR Trustee or director | 2 | $0 |
| CAROLYN DEWITT | SELLING CHAIR Trustee or director | 2 | $0 |
| PAM GILLUM | ASST SELLING CHAIR Trustee or director | 2 | $0 |
| LISA ELLIS | PUBLIC RELATIONS CHAIR Trustee or director | 2 | $0 |
| JOANNE BAIERWALTER | ENDOWMENT CHAIR Trustee or director | 2 | $0 |
| BECKE BLY | ALPHA PRESIDENT Trustee or director | 1 | $0 |
| CHRIS BOWLES | ALPHA PARLIAMENTARIAN Trustee or director | 1 | $0 |
| KATHIE NIX | ADVISOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 607 E CHARLES ST, MUNCIE, IN 47305-2613
- Principal officer (990 for 2024)
- MARGARET SIKORA, 607 EAST CHARLES STREET, MUNCIE, IN 47305
- Signed the 990
- MARGARET SIKORA, TREASURER
- Phone
- (765) 288-3835
- Return prepared by
- WHITINGER & COMPANY LLC
Mission
TO ACCEPT DONATIONS OF PROPERTY AND SELL THE SAME; WITH THE INCOME TO BE DISTRIBUTED FOR PHILANTHROPIC PURPOSES TO LOCAL CHARITABLE ORGANIZATIONS
Program accomplishments
- 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.Expenses $93,675 · grants $63,666
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1077796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,144,630
- Income (IRS master file)
- $226,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $72,853 | $107,681 | $1,144,630 | XML |
| 990 | May 2024 | $76,724 | $103,451 | $1,143,150 | XML |
| 990 | May 2023 | $62,844 | $88,086 | $1,066,365 | IRS |
| 990 | May 2022 | $115,594 | $118,471 | $1,124,482 | XML |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | 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 35-1077796).
Questions about PSI IOTA XI CHARITIES INC
- What is the EIN of PSI IOTA XI CHARITIES INC?
- The employer identification number (EIN) of PSI IOTA XI CHARITIES INC is 35-1077796.
- Is PSI IOTA XI CHARITIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to PSI IOTA XI CHARITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PSI IOTA XI CHARITIES INC 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 PSI IOTA XI CHARITIES INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PSI IOTA XI CHARITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of PSI IOTA XI CHARITIES INC?
- The 990 for the year ended May 31, 2025 names MARGARET SIKORA.
- Who are the officers and directors of PSI IOTA XI CHARITIES INC?
- The 990 for the year ended May 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $4,378 (MARGARET SIKORA, TREASURER).
- How much revenue does PSI IOTA XI CHARITIES INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $72,853, expenses of $107,681 and total assets of $1,144,630 at year end.
Other nonprofits in MUNCIE
- MERIDIAN HEALTH SERVICES CORP EIN 35-1302836 · last filed 990 for 2025
- NORTH CENTRAL INDIANA SCHOOL INS CONSORTIUM TR EIN 27-6805958 · last filed 990 for 2025
- BALL STATE UNIVERSITY FOUNDATION EIN 35-6024566 · last filed 990 for 2025
- OPEN DOOR HEALTH SERVICES INC EIN 35-2018494 · last filed 990 for 2025
- BALL STATE INNOVATION CORPORATION EIN 26-3291952 · last filed 990 for 2025
- SECOND HARVEST FOOD BANK OF EAST CENTRAL INDIANA INC EIN 31-1111795 · last filed 990 for 2024
- GEORGE AND FRANCES BALL FOUNDATION EIN 35-6033917 · last filed 990-PF for 2024
- YOUTH OPPORTUNITY CENTER INC EIN 35-1805697 · last filed 990 for 2025