The Honorable founders of Iota Phi Theta® were: Albert Hicks, Lonnie Spruill, Jr., Charles Briscoe, Frank Coakley, John Slade, Barron Willis, Webster Lewis, Charles Brown, Louis Hudnell, Charles Gregory, Elias Dorsey, Jr., and Michael Williams.oday, Iota Phi Theta® consists of over 250 chapters located in 40 States, the District of Columbia and the Republic of Korea.