Nonprofit · EIN 22-3077558
IOTA PHI THETA FRATERNITY INC
Tax-exempt · BALTIMORE, MD 21202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,571,579 | $1,667,848 | -$96,269 | $606,433 | $321,082 | $285,351 |
| December 31, 2024 | 990 | $1,580,169 | $1,582,911 | -$2,742 | $825,845 | $239,948 | $585,897 |
| December 31, 2023 | 990 | $2,216,281 | $1,943,151 | $273,130 | $723,537 | $153,347 | $570,190 |
| December 31, 2021 | 990 | $713,095 | $528,169 | $184,926 | $446,994 | $10,071 | $436,923 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $400,463
- Membership dues
- $369,963
- Program service revenue
- $1,171,116
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $84,460
- Salaries, compensation and benefits (total)
- $91,120
- Professional fundraising fees
- $0
- Legal fees
- $10,542
- Accounting fees
- $21,931
- Travel
- $261,668
- Program services (functional)
- $1,108,372
- Management and general (functional)
- $316,679
- Fundraising (functional)
- $158,337
Balance sheet and other
- Total assets, start of year
- $825,845
- Total assets, end of year
- $606,433
- Total liabilities, end of year
- $321,082
- Net assets, end of year
- $285,351
- Net assets without donor restrictions
- $285,351
- Gross receipts
- $1,571,579
- Employees
- 1
- Year formed
- 1968
- State of legal domicile
- MD
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Bennett | Executive Director | 40 | $84,460 |
| Orlando O Grant | President & CEO Trustee or director, Officer | 20 | $0 |
| David White | Director Trustee or director | 20 | $0 |
| Justin Ewing | Chairman Trustee or director | 20 | $0 |
| Donald Coulter | Director Trustee or director | 20 | $0 |
| Keenan Saulter Esq | Director Trustee or director | 20 | $0 |
| Charles Grays | Director Trustee or director | 20 | $0 |
| Eugene Williams | Director Trustee or director | 20 | $0 |
| Dejon Holland | Director Trustee or director | 20 | $0 |
| Eric McCoy | Vice President Officer | 20 | $0 |
| Anthony Harden | Treasurer Officer | 20 | $0 |
| Brian Love | Secretary Officer | 20 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Bennett | Executive Director | 40 | $84,460 |
| Sean D Housen Sr | President & CEO Trustee or director, Officer | 20 | $0 |
| Orlando Grant | Director Trustee or director | 20 | $0 |
| Brian Love | Chairman Trustee or director | 20 | $0 |
| Donald Coulter | Director Trustee or director | 20 | $0 |
| Keenan Saulter Esq | Director Trustee or director | 20 | $0 |
| Christoper Catching EdD | Director Trustee or director | 20 | $0 |
| Dr Christopher Greggs | Director Trustee or director | 20 | $0 |
| Bennett Izeh JD | Director Trustee or director | 20 | $0 |
| Myron Covington | Vice President Officer | 20 | $0 |
| Anthony Harden | Treasurer Officer | 20 | $0 |
| Craig Spencer | Secretary Officer | 20 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Bennett | Executive Director | 40 | $82,000 |
| Sean D Housen Sr | President & CEO Trustee or director, Officer | 20 | $0 |
| Orlando Grant | Chairman Trustee or director | 20 | $0 |
| Brian Love | Director Trustee or director | 20 | $0 |
| Stan Chambers Jr | Director Trustee or director | 20 | $0 |
| Keenan Saulter Esq | Director Trustee or director | 20 | $0 |
| Christoper Catching EdD | Director Trustee or director | 20 | $0 |
| Dr Christopher Greggs | Director Trustee or director | 20 | $0 |
| Bennett Izeh | Director Trustee or director | 20 | $0 |
| Myron Covington | Vice President Officer | 20 | $0 |
| Anthony Harden | Treasurer Officer | 20 | $0 |
| Craig Spencer | Secretary Officer | 20 | $0 |
990 for the year ended December 31, 2021: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Bennett | Executive Dir. Officer | 40 | $80,000 |
| Sean D Housen Sr | President & CEO Trustee or director, Officer | 20 | $0 |
| Orlando Grant | Chairman Trustee or director | 20 | $0 |
| Brian Love | Director Trustee or director | 20 | $0 |
| Stan Chambers Jr | Director Trustee or director | 20 | $0 |
| Keenan Saulter Esq | Director Trustee or director | 20 | $0 |
| Christoper Catching EdD | Director Trustee or director | 20 | $0 |
| Dr Christopher Greggs | Director Trustee or director | 20 | $0 |
| Bennett Izeh | Director Trustee or director | 20 | $0 |
| Myron Covington | Vice President Officer | 20 | $0 |
| Anthony Harden | Treasurer Officer | 20 | $0 |
| Craig Spencer | Secretary Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 N CALVERT ST, BALTIMORE, MD 21202-2804
- Mailing address (990-N for 2025)
- 1600 N Calvert St, Baltimore MD 212022804
- Principal officer (990-N for 2025)
- Jeremy Sippel, Box 2222, ALLEN TX 75013
- Signed the 990
- Orlando O Grant, President & CEO
- Phone
- (443) 438-5691
- Website
- www.iotaphitheta.org
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 accomplishments
- The development and perpetuation of Scholarship, Leadership, Citizenship, Fidelity, and Brotherhood among Men.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3077558
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $606,433
- Income (IRS master file)
- $1,571,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: Jeremy Sippel | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2025 | $1,571,579 | $1,667,848 | $606,433 | XML |
| 990 | December 2024 | $1,580,169 | $1,582,911 | $825,845 | XML |
| 990 | December 2023 | $2,216,281 | $1,943,151 | $723,537 | XML |
| 990 | December 2022 | $1,006,079 | $1,110,054 | $555,934 | IRS |
| 990 | December 2021 | $713,095 | $528,169 | $446,994 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 22-3077558).
Questions about IOTA PHI THETA FRATERNITY INC
- What is the EIN of IOTA PHI THETA FRATERNITY INC?
- The employer identification number (EIN) of IOTA PHI THETA FRATERNITY INC is 22-3077558.
- Is IOTA PHI THETA FRATERNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1997.
- Are donations to IOTA PHI THETA FRATERNITY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOTA PHI THETA FRATERNITY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of IOTA PHI THETA FRATERNITY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOTA PHI THETA FRATERNITY INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of IOTA PHI THETA FRATERNITY INC?
- The 990-N for 2025 names Jeremy Sippel.
- Who are the officers and directors of IOTA PHI THETA FRATERNITY INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $84,460 (Kevin Bennett, Executive Director).
- How much revenue does IOTA PHI THETA FRATERNITY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,571,579, expenses of $1,667,848 and total assets of $606,433 at year end.
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