Form 990-EZ for tax year 2022
Filed by ALPHA IOTA BUILDING CORPORATION.
Totals
- Total revenue
- $0
- Total expenses
- $0
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program service expenses (Part III)
- $0
Mission and programs · 2022
Primary exempt purpose
Form 990-EZ, Part III, 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 Alpha Iota Building Corporation is such an organization and therefore qualifies for exemption under Code Section 501C7.
-
None at this time. The Board of Directors' goal remains to acquire land to construct a building for the Alpha Gamma Rho Fraternity (national agricultural business fraternity) as soon as possible. Over the past year, zero revenue was received and zero expenses were incurred for the non-profit during this waiting period. The group continues to support the philanthropic efforts of the organization and to facilitate the growth and leadership of men in the organization. In the future, more program service accomplishments can be facilitated once a facility is constructed which we hope to have progress in the following year.
As filed on the 2022 return.
Listed in Part IV
-
John Looney
President & Director
- Total calculated
- $0
- Hours/week
- 1
-
Sam Smith
Treasurer & Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Groce
Vice President & Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Moss
Secretary & Director
- Total calculated
- $0
- Hours/week
- 1
-
Corey Wilson
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2022
- Filed
- 14 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323499349200707
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