Iota Phi Lambda Sorority, Inc. is the first African American greek-lettered business and professional sorority founded by Lola Mercedes Parker in 1929. The Zeta Kappa Chapter was chartered in Phoenix, Arizona on December 6, 2020.

The Sorority’s aims are to:

• Make worthwhile contributions to the changing socio-economic patterns of our time;
• Project the philosophy of the pursuit of excellence in all worthy endeavors among youth and adults;
• Develop leadership expertise among business and professional women.

The Sorority's Motto: "Business and Professional Women Building the Foundation for Generational Financial Empowerment"