Overview
What is The Akron Ohio Iota Corporation?
The Akron Ohio Iota Corporation is a nonprofit organization situated in Copley, Ohio. Its primary mission is to encourage academic excellence and ethical conduct among its members. To achieve this, the organization collaborates with the University of Akron, promoting educational development and enhancing the lives of its members. One of their notable initiatives includes raising funds to construct a chapter house on the university campus. This process entails securing a land lease, developing building plans, and obtaining a bridge loan from the Phi Kappa Psi National Housing Corporation. Construction on this project commenced in 2014.
Is The Akron Ohio Iota Corporation legitimate?
The Akron Ohio Iota Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. The Akron Ohio Iota Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Akron Ohio Iota Corporation?
The Akron Ohio Iota Corporation's mission is centered around fostering intellectual achievement and ethical behavior. It aims to promote education and collaborate with a university to advance its members' lives. The corporation also focuses on acquiring, building, maintaining, and operating real estate for qualified students at this university. The primary objective is to establish high standards and encourage ethical conduct, while simultaneously promoting education and development.
Who is the CEO of The Akron Ohio Iota Corporation?
Don Dixon is the Board Member of The Akron Ohio Iota Corporation.
What is the revenue of The Akron Ohio Iota Corporation?
The Akron Ohio Iota Corporation's revenue in 2022 was $80,411.
Who are the executives of The Akron Ohio Iota Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Akron Ohio Iota Corporation?
The Akron Ohio Iota Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Akron Ohio Iota Corporation
The Akron Ohio Iota Corporation, a nonprofit organization, is committed to fostering high standards of intellectual achievement and ethical behavior. Their primary objective is to promote education and cooperate with the University of Akron to promote the development and advancement of its members. In line with this mission, the corporation seeks to acquire, build, maintain, and operate real estate for qualified students at the University of Akron. This initiative not only provides a physical space for students but also contributes to their overall growth and development. In 2014, the organization embarked on a project to construct a chapter house on the university's campus. This endeavor involved securing a land lease, obtaining building plans, and obtaining a bridge loan from the Phi Kappa Psi National Housing Corporation. The construction of this chapter house is a testament to The Akron Ohio Iota Corporation's dedication to supporting the education and well-being of its members.
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Impact
October, 2024
The Akron Ohio Iota Corporation has significantly impacted the educational environment and community around the University of Akron. By fostering high standards of intellectual achievement and ethical behavior, the organization promotes a culture of academic excellence among its members. This commitment to education is further demonstrated through active cooperation with the university, ensuring that student development is at the forefront of their mission.
A key initiative has been the construction of a chapter house on the university campus, which began in 2014. This facility not only serves as a home for its members but also provides a space for collaboration, networking, and personal growth. By acquiring, building, and maintaining real estate, the corporation enhances the living situation for students, contributing positively to their overall college experience.
Through organizing and collecting pledges from past fraternity brothers, the corporation effectively engages its alumni network, fostering a sense of community and support that extends beyond the college years. In essence, the Akron Ohio Iota Corporation plays a vital role in enriching the academic and social fabric of the University of Akron, empowering students to succeed and encouraging ethical standards in their future endeavors.
This information is meant to be a general summary of The Akron Ohio Iota Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12
- Program Service Revenue: $55,805
- Gross Receipts: $80,411
Assets and Liabilities:
- Total Assets: $601,839
- Total Liabilities: $415,844
- Net Assets: $185,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$52,430
PARLOR FEE
Revenue
$3,375
Organization Details
Founding Year
2013
Phone
(330) 660-0700Principal Officer
Don Dixon
Main Address
PO BOX 4248, COPLEY, OH, 44321
NTEE Category
Code: N50 - Recreation
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