EIN 86-2366457

Iowa Center Loan Fund

IRS 501(c) type
501(c)(3)
Num. employees
16
State
Year formed
2021
Most recent tax filings
2024-06-01
Description
The mission of the Iowa Center Loan Fund cdfi is to reduce poverty and inequality and further community development by providing access to capital to iowans starting or expanding a business who do not have access to traditional forms of financial assi...
Related structure
Iowa Center Loan Fund is a subordinate organization under Iowa Center for Economic Success.
Total revenues
$101,298
2024
Total expenses
$311,018
2024
Total assets
$1,085,519
2024
Num. employees
16
2024

Program areas at Iowa Center Loan Fund

The organization provides new or growing small businesses with access to capital. The program provides fixed interest rate loans with up to 5-year terms and no down payments required. As of june 30, 2024, 20 businesses had loans through the organization.

Who funds Iowa Center Loan Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Iowa Center for Economic SuccessGrant To Cover Loan Center Deficits$0

Personnel at Iowa Center Loan Fund

NameTitleCompensation
Megan MilliganPresident$0
Donnell WiskusDirector of Finance$0

Financials for Iowa Center Loan Fund

RevenuesFYE 06/2024
Total grants, contributions, etc.$62,404
Program services$21,311
Investment income and dividends$17,583
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$101,298

Form 990s for Iowa Center Loan Fund

Fiscal year endingDate received by IRSFormPDF link
2024-062025-01-15990View PDF
2023-062023-12-21990EZView PDF
2022-062023-01-30990EZView PDF
2021-062022-03-01990EZView PDF

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Community Capital of VermontBarre, VT$325,527
Iowa Foundation for Microenterprise and Community VitalityBoone, IA$390,995
Vida Mejor CapitalOhkay Owingeh, NM$187,500
Greenline Access CapitalPhiladelphia, PA$212,923
Causa Local CorporationSan Juan, PR$313,610
Pathway Capital FundingWest Palm Beach, FL$91,118
Wyoming Capital AccessCasper, WY$486,587
Rural Business Innovation CorporationBloomsburg, PA$38,088
Womens Venture FundNew York, NY$153,874
Data update history
February 6, 2024
Posted financials
Added Form 990EZ for fiscal year 2023
February 6, 2024
Updated personnel
Identified 2 new personnel
February 4, 2024
Used new vendors
Identified 1 new vendor, including
August 9, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
June 19, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementBusiness and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
2210 Grand Ave
Des Moines, IA 50312
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
theiowacenter.org/iowa-center-loan-fund-cdfi/ 
Phone
(515) 283-0940
IRS details
EIN
86-2366457
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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