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Nonprofiteer
← PSI IOTA XI CHARITIES INC

Form 990 for tax year 2024

Filed by PSI IOTA XI CHARITIES INC.

Totals

Total revenue
$72,853
Total expenses
$107,681
Contributions and grants received
$41,058
Grants paid
$63,666
Program service revenue
$0
Investment income
$54,173
Other revenue
-$22,378
Total assets, end of year
$1,144,630
Total liabilities, end of year
$372
Net assets or fund balances, end of year
$1,144,258
Program services expenses (Part IX)
$93,675
Management and general expenses
$14,006
Fundraising expenses
$0
Program service expenses (Part III)
$93,675

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $41,058

  • 1g · Noncash contributions included above

    $40,623

  • 3 · Investment income

    total $25,921 · excluded $25,921

  • 7a · Gross sales of assets other than inventory

    securities $126,918 · other assets $1,704

  • 7b · Less cost or other basis and sales expenses

    securities $100,245 · other assets $125

  • 7c · Gain or loss

    securities $26,673 · other assets $1,579

  • 7d · Net gain or loss

    total $28,252 · excluded $28,252

  • 10a · Gross sales of inventory

    $30,226

  • 10b · Cost of goods sold

    $52,998

  • 10c · Net income from sales of inventory

    total -$22,772 · related or exempt -$22,772

  • 11a · Other revenue: OTHER REVENUE

    total $394 · related or exempt $394

  • 11e · Other revenue, total

    $394

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $63,666 · program services $63,666

  • 5 · Compensation of officers, directors and key employees

    total $4,378 · program services $4,378

  • 7 · Other salaries and wages

    total $680 · program services $680

  • 10 · Payroll taxes

    total $335 · program services $335

  • 11b · Fees: legal

    total $1,355 · management and general $1,355

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11f · Fees: investment management

    total $9,735 · management and general $9,735

  • 11g · Fees: other

    total $628 · program services $628

  • 13 · Office expenses

    total $1,393 · management and general $1,393

  • 16 · Occupancy

    total $9,690 · program services $9,690

  • 22 · Depreciation, depletion and amortization

    total $10,375 · program services $10,375

  • 23 · Insurance

    total $3,347 · program services $3,347

  • 24a · Other expenses: STORE SUPPLIES

    total $576 · program services $576

  • 24b · Other expenses: LICENSES

    total $23 · management and general $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,922 · end of year $17

  • 2 · Savings and temporary cash investments

    beginning of year $17,437 · end of year $60,740

  • 8 · Inventories for sale or use

    beginning of year $27,042 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $234,517

  • 10b · Land, buildings and equipment: accumulated depreciation

    $99,493

  • 10c · Land, buildings and equipment, net

    beginning of year $145,524 · end of year $135,024

  • 11 · Investments: publicly traded securities

    beginning of year $919,225 · end of year $948,849

  • 17 · Accounts payable and accrued expenses

    beginning of year $390 · end of year $372

  • 27 · Net assets without donor restrictions

    beginning of year $1,142,760 · end of year $1,144,258

Mission and programs · 2024

Mission

TO ACCEPT DONATIONS OF PROPERTY AND SELL THE SAME; WITH THE INCOME TO BE DISTRIBUTED FOR PHILANTHROPIC PURPOSES TO LOCAL CHARITABLE ORGANIZATIONS

Activities or mission (Part I)

DISTRIBUTE MONIES TO LOCAL CHARITABLE ORGANIZATIONS FOR PHILANTHROPIC PURPOSES

  • 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

As filed on the 2024 return.

Listed in Part VII

  • Carolyn Dewitt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Audrea Koontz

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Sue Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Margaret Sikora

    TREASURER

    Total calculated
    $4,378
    From this org
    $4,378
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Christy Keely

    HOUSE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Pam Gillum

    MARKING CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ralu Wolfe

    ASST MARKING CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Amanda Dunnuck

    SELLING CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Sherry Ridenour

    ASST SELLING CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Carol Kosisko

    PUBLIC RELATIONS CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ann Arwood

    ENDOWMENT CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Shari Dixon

    ALPHA PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Sandy McCallister

    ALPHA PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    1
  • Lois Largent

    ADVISOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
25 August 2025
IRS schema version
2024v5.2
Source object
202512819349302106

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