Iota Phi Theta Fraternity Inc

EIN: 223077558

Baltimore, MD

Total Revenue
$1,571,579
Total Expenses
$1,667,848
Total Assets
$606,433
Net Assets
$285,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MD
Phone
4434385691
Tax Period
2025-01-01 to 2025-12-31

Iota Phi Theta Fraternity Inc, founded in 1968, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025.

Mission

The purpose of Iota Phi Theta Fraternity, Inc. is to develop and perpetuate scholarship, leadership, citizenship, fidelity, and brotherhood among men to engage in cultural, educational, and service activities that will provide economic, scholastic, and social enrichment, particularly for people of color and to prepare the brotherhood of the Fraternity for future leadership and professional advancement opportunities through networking, training, and development.

Program Service Accomplishments

Program 1

The development and perpetuation of Scholarship, Leadership, Citizenship, Fidelity, and Brotherhood among Men.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $400,463
Program Service Revenue $1,171,116
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,571,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,120
Fundraising Expenses $158,337
Other Expenses $1,576,728
TOTAL EXPENSES $1,667,848

Year-over-Year Comparison

2025 2024 Change
Revenue $1,571,579 $1,580,169 0.0%
Expenses $1,667,848 $1,582,911 +0.1%
Net Income $-96,269 $-2,742 +34.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Bennett Executive Director 40.00
$84,460 $0 $84,460
Orlando O Grant President & CEO 20.00
Officer Director
$0 $0 $0
David White Director 20.00
Director
$0 $0 $0
Justin Ewing Chairman 20.00
Director
$0 $0 $0
Donald Coulter Director 20.00
Director
$0 $0 $0
Keenan Saulter Esq Director 20.00
Director
$0 $0 $0
Charles Grays Director 20.00
Director
$0 $0 $0
Eugene Williams Director 20.00
Director
$0 $0 $0
Dejon Holland Director 20.00
Director
$0 $0 $0
Eric McCoy Vice President 20.00
Officer
$0 $0 $0
Anthony Harden Treasurer 20.00
Officer
$0 $0 $0
Brian Love Secretary 20.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,571,579 $1,667,848 $606,433 $-96,269
2024 $1,580,169 $1,582,911 $825,845 $-2,742
2023 $2,216,281 $1,943,151 $723,537 $273,130
2022 $1,006,079 $1,110,054 $555,934 $-103,975
2021 $713,095 $528,169 $446,994 $184,926
2020 $471,483 $323,278 $247,205 $148,205
2019 $566,169 $591,054 $92,668 $-24,885
2018 $424,920 $459,837 $117,427 $-34,917
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