About Our Founder
Lola Mercedes Parker, the founder of Iota Phi Lambda Sorority, Inc, was born in Little Rock, Arkansas to Mr. and Mrs. John H. Smith around 1900. After finishing elementary school, she and her family moved to Kansas City, Missouri, where she completed high school. In 1919, she became a resident of Chicago, Illinois, where she began her post-secondary education, culminating with graduation from Chicago Business College. In 1922 she married William S. Parker. Two children were born of this union, both of whom preceded their parents in death.
In 1929, while employed as secretary to Rev. L. K. Williams, then president of the National Baptist Convention, she founded Iota Phi Lambda Sorority. Its aim: “To encourage young women to enter the Business Field by means of business training”. Mrs. Parker served as the sorority’s National President from 1929 to 1946 and President-Emeritus until her death in 1987.
Subsequent to her employment with Dr. Williams, Mrs. Parker held many important positions: Administrative Assistant to Congressman Arthur W. Mitchell; Director of Women’s Activities; Chicago Negro Chamber of Commerce; first Negro Department Manager at R.H. Donnelley Corporation; Secretary-Treasurer, Business and Professional Association’s Credit Union; and Business Manager, South Parkway YWCA.
In 1935, as the sorority’s National President, she was instrumental in Iota Phi Lambda Sorority being present when Dr. Mary McLeod Bethune held the historic first meeting of the National Council of Negro Women on December 5, 1935, in Harlem. The sorority was one of three sororities present, along with representation from other national organizations.
She was active in many national and community organizations including the Olivet Baptist Church; National Vice-President to the Women’s Army for National Defense; co-organizer of the first Chicago Section of the National Council of Negro Women; Life Member of the NAACP; People’s Welfare Organization; YWCA; and her service also included many more civic endeavors for racial, educational and economic progress.
Lola Mercedes Parker died on March 19, 1987. She was buried in Lincoln Cemetery, 12300 Kedzie Avenue, Blue Island, Illinois.
Iota Phi Lambda Sorority, Inc. is a national business and professional women’s organization which strives to:
Unite in sisterhood qualified business and professional women in order to enhance and improve the status of women in our highly complex, competitive business and professional world;
Promote increased interest in the broad field of business education among high school and college young women through planned programs and scholarships;
Encourage the development of personal goals and leadership potential; and
Establish and promote civic and social service activities for youth and adults.
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.
Sorority Theme
national theme
Professional Business Women Propelled by Ingenuity: Intentional Purpose
#Designed1929 #Driven2023-2027 #Distinction2029
regional theme
"Empowered Business and Professional Women: Soaring Beyond Expectations"