Nonprofit · EIN 87-2433636
PHI KAPPA THETA IOWA XI FOUNDATION
Tax-exempt · AMES, IA 50010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $105,457 | $53,497 | $51,960 | $960,683 | $0 | $960,683 |
| December 31, 2023 | 990 | $55,796 | $7,633 | $48,163 | $893,216 | $0 | $893,216 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $80,740
- Program service revenue
- $0
- Investment income
- $24,717
- Net gain from sales of assets
- -$3,285
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $31,977
- Management and general (functional)
- $21,520
Balance sheet and other
- Total assets, start of year
- $893,216
- Total assets, end of year
- $960,683
- Total liabilities, end of year
- $0
- Net assets, end of year
- $960,683
- Publicly traded securities
- $948,964
- Net assets without donor restrictions
- $960,683
- Gross receipts
- $275,696
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- IA
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 |
|---|---|---|---|
| MONTGOMERY CLARK | TREASURER Trustee or director, Officer | – | $0 |
| ERIC VAN GORP | EXEC VICE-PR Trustee or director, Officer | – | $0 |
| EDWARD MAGINN | SECRETARY Trustee or director, Officer | – | $0 |
| GREGORY STOLP | PRESIDENT Trustee or director, Officer | – | $0 |
| JAMES WILLER | VICE PRESIDE Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW MERCER | TREASURER Trustee or director, Officer | – | $0 |
| JOE RUDE | PRESIDENT Trustee or director, Officer | – | $0 |
| JIM WILLER | VICE-PRESIDE Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 393, AMES, IA 50010-0393
- Principal officer (990 for 2024)
- GREGORY STOLP, PO BOX 393, AMES, IA 50010
- Signed the 990
- GREGORY STOLP, PRESIDENT
- Phone
- (515) 468-8361
- Return prepared by
- JRM CPAS
Mission
TO HOLD FUNDS, COLLECT DONATIONS THROUGHOUT THE YEAR, AND ISSUE GRANTS CONSISTENT WITH THE PURPOSE OF EACH FUND AND/OR ENDOWMENT.
Program accomplishments
- HOLDING FUNDS, COLLECTING DONATIONS, AND ISSUING GRANTS CONSISTENT WITH THE PURPOSE OF EACH FUND.Expenses $31,977
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
- 87-2433636
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $960,683
- Income (IRS master file)
- $275,696
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $105,457 | $53,497 | $960,683 | XML |
| 990 | December 2023 | $55,796 | $7,633 | $893,216 | XML |
| 990 | December 2022 | $135,267 | $18,352 | $790,869 | IRS |
| 990 | December 2021 | – | – | – | 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 87-2433636).
Questions about PHI KAPPA THETA IOWA XI FOUNDATION
- What is the EIN of PHI KAPPA THETA IOWA XI FOUNDATION?
- The employer identification number (EIN) of PHI KAPPA THETA IOWA XI FOUNDATION is 87-2433636.
- Is PHI KAPPA THETA IOWA XI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to PHI KAPPA THETA IOWA XI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHI KAPPA THETA IOWA XI FOUNDATION 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 PHI KAPPA THETA IOWA XI FOUNDATION 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 PHI KAPPA THETA IOWA XI FOUNDATION 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 PHI KAPPA THETA IOWA XI FOUNDATION?
- The 990 for the year ended December 31, 2024 names GREGORY STOLP.
- Who are the officers and directors of PHI KAPPA THETA IOWA XI FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PHI KAPPA THETA IOWA XI FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $105,457, expenses of $53,497 and total assets of $960,683 at year end.
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