Nonprofit · EIN 71-0401366
XI CORPORATION OF ARKANSAS
Tax-exempt · FAYETTEVILLE, AR 72703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $1,327,268 | $1,393,708 | -$66,440 | $2,720,376 | $2,650,426 | $69,950 |
| May 31, 2024 | 990 | $1,204,295 | $1,263,538 | -$59,243 | $2,785,889 | $2,649,499 | $136,390 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $53,424
- Program service revenue
- $1,273,844
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $153,767
- Salaries, compensation and benefits (total)
- $176,366
- Professional fundraising fees
- $0
- Accounting fees
- $29,758
- Occupancy
- $295,274
- Depreciation
- $256,941
Balance sheet and other
- Total assets, start of year
- $2,785,889
- Total assets, end of year
- $2,720,376
- Total liabilities, end of year
- $2,650,426
- Net assets, end of year
- $69,950
- Land, buildings and equipment
- $2,686,323
- Net assets without donor restrictions
- $69,950
- Gross receipts
- $1,327,268
- Employees
- 7
- Volunteers
- 12
- Year formed
- 1971
- State of legal domicile
- AR
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 |
|---|---|---|---|
| DUSTIN COLEBANK | MEMBER Trustee or director | 1 | $0 |
| DAVID ERSTINE | MEMBER Trustee or director | 1 | $0 |
| CLAY HAMILTON | TREASURER Trustee or director, Officer | 1 | $0 |
| JEB JOYCE | EX OFFICIO Trustee or director | 1 | $0 |
| ANDREW LAURO | MEMBER Trustee or director | 1 | $0 |
| CONNER MCNAIR | SECRETARY Trustee or director, Officer | 1 | $0 |
| MALCOLM MCNAIR | MEMBER Trustee or director | 1 | $0 |
| PHIL SCHOETTLIN | HISTORIAN Trustee or director, Officer | 1 | $0 |
| TIM STIDAM | MEMBER Trustee or director | 1 | $0 |
| MARTIN SWOPE | PRESIDENT Trustee or director, Officer | 10 | $0 |
| PATRICK SWOPE | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LENNY WHITEMAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN SWOPE | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CLAY HAMILTON | TREASURER Trustee or director, Officer | 1 | $0 |
| PATRICK SWOPE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CONNER MCNAIR | SECRETARY Trustee or director, Officer | 1 | $0 |
| PHIL SCHOETTLIN | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MALCOLM MCNAIR | DIRECTOR Trustee or director | 1 | $0 |
| DUSTIN COLEBANK | DIRECTOR Trustee or director | 1 | $0 |
| LENNY WHITEMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAVID ERNSTINE | DIRECTOR Trustee or director | 1 | $0 |
| TIM STIDAM | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW LAURO | DIRECTOR Trustee or director | 1 | $0 |
| JEB JOYCE | EX OFFICIO MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9508, FAYETTEVILLE, AR 72703-0026
- In care of
- % ARVEST BANK
- Principal officer (990 for 2024)
- MARTIN SWOPE, PO BOX 9508, FAYETTEVILLE, AR 72703
- Signed the 990
- MARTIN SWOPE, PRESIDENT
- Phone
- (479) 799-4444
- Return prepared by
- PIERCE FIRM PLLC
Mission
FOSTER A BROTHERHOOD FOUNDED ON ACADEMICS AND SERVICE. THROUGH MENTORSHIP, EDUCATIONAL SUPPORT, AND COMMUNITY ENGAGEMENT, WE EMPOWER EACH MEMBER TO ACHIEVE THEIR HIGHEST POTENTIAL DURING THEIR COLLEGE YEARS AND BEYOND.
Program accomplishments
- 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.
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
- 71-0401366
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1996
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,720,376
- Income (IRS master file)
- $1,327,268
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $1,327,268 | $1,393,708 | $2,720,376 | XML |
| 990 | May 2024 | $1,204,295 | $1,263,538 | $2,785,889 | XML |
| 990 | May 2023 | $1,283,593 | $1,488,287 | $2,828,134 | IRS |
| 990 | May 2022 | $1,112,395 | $1,242,542 | $2,716,505 | IRS |
| 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 71-0401366).
Questions about XI CORPORATION OF ARKANSAS
- What is the EIN of XI CORPORATION OF ARKANSAS?
- The employer identification number (EIN) of XI CORPORATION OF ARKANSAS is 71-0401366.
- Is XI CORPORATION OF ARKANSAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1996.
- Are donations to XI CORPORATION OF ARKANSAS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does XI CORPORATION OF ARKANSAS 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 XI CORPORATION OF ARKANSAS 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 XI CORPORATION OF ARKANSAS 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 XI CORPORATION OF ARKANSAS?
- The 990 for the year ended May 31, 2025 names MARTIN SWOPE.
- Who are the officers and directors of XI CORPORATION OF ARKANSAS?
- The 990 for the year ended May 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does XI CORPORATION OF ARKANSAS have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $1,327,268, expenses of $1,393,708 and total assets of $2,720,376 at year end.
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