Public Charity

ALPHA IOTA BUILDING CORPORATION

ALPHA IOTA BUILDING CORPORATION is a Public Charity headquartered in Cave Springs, AR. Financial data from the 2025 filing: $554K revenue, $181K expenses, $416K total assets. 1 publicly reported grants to this organization, totaling roughly $500K, appear in IRS filings.

EIN: 853069043 Cave Springs, AR Latest filing: 2025
Total Revenue$554K
Total Expenses$181K
Total Assets$416K
Grant Records1
Funding Total$500K
Filing Years2022–2025

Mission

Primary Exempt Purpose- To Unite College Men of Culture, Patriotism, and Honor in the Bond of Fraternity to Encourage Honorable Achievement in Every Field of Human Endeavor, To Promote the Spiritual, Social, Intellectual, and Moral Welfare of its Members; To Assist in the Aims and Purposes of Colleges and Universities; To Inspire Service in the Public Interest. The Building Corporation takes an active role in the various social activities and other functions of the chapter. The IRS has that an organization formed to buy, lease, and maintain a building exclusively for an organization recognized under 501C7 (Alpha Gamma Rho Fraternity) itself qualifies for exemption under 501c7 if it takes an active role in various social activities and other chapter functions. See e.q. Letter Ruling 8207007 and Revenue Ruling 64-118. The main objective is to raise funds and facilitate all aspects of the development and construction of a fraternity house, then to maintain the house going forward.

Officers & Directors

Director Alan Fortenberry
Vice President & Director Bill Groce
Secretary & Director Bill Moss
Director Corey Wilson
President & Director John Looney
Director & Architect Nathan Morton

Officer compensation and complete director data available with membership.

Top Grant Purposes

HOUSING GRANT
$500,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $554K $181K $416K
2024 $70K $65K $5K
2023
2022

Between 2024 and 2025, reported annual revenue grew from $70K to $554K (+688%), with total assets most recently reported at $416K.

Interactive year-over-year charts and full filing details available with membership.

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