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.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Recreation & Sports organizations nationwide.
| Position | Total |
|---|---|
Director & Architect Board Member Median to 75th percentile | $25k $27k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 6 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at ALPHA IOTA BUILDING CORPORATION equaled 14% of the organization's total expenses. The median for recreation & sports organizations is 8%.
Based on 7,435 recreation & sports organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about ALPHA IOTA BUILDING CORPORATION
What does the Board Member of ALPHA IOTA BUILDING CORPORATION earn?
In 2024, the Board Member of ALPHA IOTA BUILDING CORPORATION received $25,000 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Recreation & Sports organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at ALPHA IOTA BUILDING CORPORATION compare with similar nonprofits?
Compared with the same role at Recreation & Sports organizations nationwide, the 2024 pay of the Board Member at ALPHA IOTA BUILDING CORPORATION falls between the median and the 75th percentile. In 2024, the highest total compensation at ALPHA IOTA BUILDING CORPORATION equaled 14% of the organization's total expenses. The median for recreation & sports organizations is 8%.
What are ALPHA IOTA BUILDING CORPORATION's revenue and expenses?
In 2024, ALPHA IOTA BUILDING CORPORATION reported $554k in total revenue and $181k in total expenses on its IRS Form 990.
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