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ALPHA IOTA BUILDING CORPORATION

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Public IRS 990 nonprofit record

ALPHA IOTA BUILDING CORPORATION

EIN 85-3069043 · Recreational Clubs (N50)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
The spending raises an important question

Of every $100 spent, about $0.00 was reported for mission work and $77.10 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

25.21%of revenue went to fundraising77.1% of expenses
$32.70spent for every $100 of revenueRevenue covered expenses this year.
$2.30in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $25,000 for NATHAN MORTON (DIRECTOR & ARCHITECT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$553,603
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations$139,56725.21% of revenue77.1% of expenses
Revenue left after expensesReported annual surplus$372,56867.30% of revenueShown in gray on the chart
Total expenses$181,03532.70% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 77.1% of spending went to fundraising and 0.0% went to mission work. Ask the charity to explain these numbers and show recent results.

Money in and money out

Revenue$553,603
Expenses$181,035
Annual surplus $372,568 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Fundraising$139,567 · 77.1% of expenses
See all reported dollar amounts
Revenue$553,603
Expenses$181,035
Assets$416,141
Income$553,603
Contributions$553,603
Fundraising$139,567
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
NATHAN MORTONDIRECTOR & ARCHITECT · 10 hrs/week $25,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

NATHAN MORTONDIRECTOR & ARCHITECT

ALAN FORTENBERRYDIRECTOR

BILL GROCEVICE PRESIDENT & DIRECTOR

BILL MOSSSECRETARY & DIRECTOR

COREY WILSONDIRECTOR

JOHN LOONEYPRESIDENT & DIRECTOR

SAM SMITHTREASURER & DIRECTOR

About this charity

Recognized since
January 2021
Location
PO Box 363, Cave Springs, AR 72718
County
Benton
In care of
Sam Smith
Primary officer
Sam Smith, Treasurer

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
August 1, 2024
Return type
990
NTEE classification
Recreational Clubs (N50)
IRS tax category
Recreational Clubs

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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