Xi Corporation Of Arkansas
- Assets
- $2.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Fayetteville, AR
- Founding
- 04/1996
- Data as of
- 05/2022
- EIN
- 71-0401366
Organization Overview
Xi Corporation Of Arkansas is located in Fayetteville, AR. The organization was established in 1996. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Xi Corporation Of Arkansas employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xi Corporation Of Arkansas is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Xi Corporation Of Arkansas generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURNISH ROOM AND BOARD FOR MEMBERS OF THE FRATERNITY THAT ARE ATTENDING COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRATERNITY HOUSE - ROOM AND BOARD; CORPORATION OWNS FRATERNITY HOUSE AND FURNISHES ROOM AND BOARD FOR LODGING FEES TO ACTIVE MEMBERS OF THE FRATERNITY THAT ARE ATTENDING COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Conner Mcnair Secretary | OfficerTrustee | 1 | $0 |
Martin Swope President | OfficerTrustee | 10 | $0 |
Clay Hamilton Treasurer | OfficerTrustee | 1 | $0 |
Patrick Swope Vice President | OfficerTrustee | 1 | $0 |
Phil Schoettlin Director | OfficerTrustee | 1 | $0 |
David Ernstine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $77,800 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,100 |
| Total Program Service Revenue | $1,014,295 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,112,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,082 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,378 |
| Office expenses | $7,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $418,206 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $158,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,982 |
| Insurance | $20,215 |
| All other expenses | $1,815 |
| Total functional expenses | $1,242,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,241 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,710,264 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,716,505 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,316,178 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,316,178 |
| Net assets without donor restrictions | $400,327 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,716,505 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Xi Corporation Of Arkansas has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Xi Educational Foundation Of Arkansas Little Rock, AR PURPOSE: EDUCATIONAL SERVICES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Dallas Athletic Club Dallas, TX | $25,203,289 | $20,444,344 |
Austin Country Club Austin, TX | $33,624,786 | $15,055,486 |
Missouri Athletic Club St Louis, MO | $22,640,194 | $18,091,674 |
Briar Club Houston, TX | $45,723,367 | $13,689,453 |
Lakewood Country Club Dallas, TX | $36,499,894 | $12,939,033 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Bent Tree Country Club Inc Dallas, TX | $52,898,770 | $18,703,072 |
Hillwood Country Club Nashville, TN | $28,189,115 | $15,197,355 |