2025-01-15T08:52:33-06:00 2024-06-30 471019942 CREATIVE PLANNING TAX LLC 100 E PARK AVE STE 300 WATERLOO IA 50703 990 2023-07-01 201037604 IOWA CENTER FOR ECONOMIC SUCCESS IOWA 5152830940 2210 GRAND AVENUE DES MOINES IA 50312 MEGAN MILLIGAN PRESIDENT 5152830940 2025-01-13 1 0 BRIAN ARONSON CPA P01425251 3192346885 2025-01-13 2023 2024-10-15 13:58:12Z MEGAN MILLIGAN 2210 GRAND AVENUE DES MOINES IA 50312 1353419 0 X WWW.THEIOWACENTER.ORG X 2004 IA EMPOWER IOWANS WITH THE POTENTIAL TO SUCCEED AS THEY PURSUE FINANCIAL SUCCESS. 13 13 16 111 0 0 1011904 1298873 134248 53187 8134 1359 0 0 1154286 1353419 0 62404 0 0 921285 761639 0 0 123728 419091 505184 1340376 1329227 -186090 24192 1323583 1569350 610025 829183 713558 740167 X THE IOWA CENTER IS AN ECONOMIC DEVELOPMENT ORGANIZATION THAT DELIVERS THREE LINES OF DIRECT SERVICE TO EMPOWER ENTREPRENEURS WHO WANT TO LAUNCH OR GROW THEIR SMALL BUSINESS: BUSINESS COACHING, CREDIT + LENDING, AND TAX SERVICES. OUR MISSION IS TO EMPOWER IOWANS WITH THE POTENTIAL TO SUCCEED AS THEY PURSUE OPPORTUNITIES FOR FINANCIAL SUCCESS. 0 0 199652 62404 50869 CREDIT + LENDING. THE IOWA CENTER SUPPORTS ENTREPRENEURS WITH BUSINESS COACHING AND TECHNICAL ASSISTANCE FOR BORROWERS PURSUING TRADITIONAL LENDING OPTIONS, AS WELL AS ACCESS TO ALTERNATIVE FLEXIBLE LENDING OPTIONS. CERTIFIED BY THE SBA AS A MICROLENDER, AND HOME TO THE IOWA CENTER LOAN FUND (ICLF) COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI), THE IOWA CENTER PROVIDES LOANS UP TO $50,000 WITH FLEXIBLE UNDERWRITING GUIDELINES AND TECHNICAL ASSISTANCE AT EVERY STEP OF THE LOAN PROCESS. IN FY2024, ICLF ORIGINATED 9 UNIQUE LOANS TO CLIENTS TOTALING $287,713 AND THE SBA MICROLOAN PROGRAM ORIGINATED 10 UNIQUE LOANS TOTALING $419,500. 268924 2202 BUSINESS COACHING. THE IOWA CENTER PROVIDES SKILL-BASED COACHING RESOURCES IN BOTH THE CLASSROOM AND THE 1:1 SETTINGS TO BUILD KNOWLEDGE, SKILLS AND CONFIDENCE IN SMALL BUSINESS FUNDAMENTALS. THE IOWA CENTER IS ALSO HOME TO THE IOWA CENTER WOMEN'S BUSINESS CENTER (WBC) WHICH IS PART OF THE US SMALL BUSINESS ADMINISTRATION'S NATIONAL NETWORK OF ENTREPRENEURSHIP CENTERS THROUGHOUT THE UNITED STATES. IN FY2024, THE IOWA CENTER SUPPORTED 456 CLIENTS IN 90 CLASSES AND 459 ONE-ON-ONE COACHING SESSIONS. OUR CLIENTS LAUNCHED 64 NEW SMALL BUSINESSES AND CREATED 71 NEW JOBS. THE BUSINESS COACHING TEAM IS INCREASING ITS CAPACITY WITH IN-PERSON AND ONLINE CLASSROOM PROGRAMS AND 1:1 COACHING. WE ARE CONTINUOUSLY UPDATING OUR CURRICULUM TO ENSURE THAT OUR CLASSES AND COACHING ARE MEETING OUR CLIENTS NEEDS IN THE MARKETPLACE. 386889 TAX SERVICES. AS THE LEADER OF THE STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) COALITION, THE IOWA CENTER PROVIDES THOUSANDS OF LOW-TO-MODERATE-INCOME (LMI) IOWANS WITH ACCESS TO INCOME TAX RETURN PREPARATION SERVICES. THE VITA GRANT AND MATCHING FUNDS ARE AWARDED TO COALITION PARTNERS AS SUB-GRANTS TO MAKE VITA AVAILABLE IN COMMUNITIES STATEWIDE. IN TY23, THE IOWA CENTER HAS 22 PARTNERS WHO OPERATED 80 SITES AND FILED 16,120 TAX RETURNS. SITES WERE CENTRALLY LOCATED WITHIN COMMUNITIES AND SURROUNDED BY OTHER HUMAN SERVICE ORGANIZATIONS. LOW-INCOME TAXPAYERS WERE OUR PRIMARY FOCUS FOR TY23. OVER 82% OF THE RETURNS FILED WERE FOR CLIENTS IN THE TARGET POPULATION. INCREASING SERVICES TO THE ELDERLY WAS OUR SECONDARY FOCUS, AND WE PREPARED RETURNS FOR 6,949 ELDERLY TAXPAYERS. 88699 116 88699 116 944164 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 3 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X THE ORGANIZATION 5152830940 2210 GRAND AVENUE DES MOINES IA 50312 MARK PHILLIPS CHAIR 3.00 X X 0 0 0 FRANKLIN CODEL VICE CHAIR 3.00 X X 0 0 0 BILL WRIGHT TREASURER 3.00 X X 0 0 0 JODI RHONE SECRETARY 3.00 X X 0 0 0 MARI BUNNEY DIRECTOR 1.00 X 0 0 0 KEVIN CHORNIAK DIRECTOR 1.00 X 0 0 0 EVERETT MILES DIRECTOR 1.00 X 0 0 0 NERMA MLIVIC DIRECTOR 1.00 X 0 0 0 TAUFEEK SHAH DIRECTOR 1.00 X 0 0 0 ANN ROLOW DIRECTOR 1.00 X 0 0 0 CHINA WONG DIRECTOR 1.00 X 0 0 0 SEMSA DIDIC DIRECTOR 1.00 X 0 0 0 CLARISSA WING DIRECTOR 1.00 X 0 0 0 MEGAN MILLIGAN PRESIDENT 40.00 X 139768 0 9573 DONNELL WISKUS DIRECTOR OF FINANCE 40.00 X 83192 0 9244 222960 0 18817 1 0 0 0 0 66100 570221 662552 14593 1298873 LOAN INCOME 522298 26878 26878 CONTRACT INCOME 541900 26042 26042 CLASS FEES 611430 267 267 53187 1359 1359 1353419 53187 0 1359 X 62404 62404 233521 132393 94849 6279 399616 266177 37971 95468 17818 11868 1693 4257 39790 26503 3781 9506 70894 46086 16590 8218 23450 10440 13010 271442 263718 7724 2263 261 2002 59308 29912 29396 50717 3740 46977 7772 7273 499 8272 1677 6595 LOAN PRODUCTION CHARGES 81712 81712 248 248 1329227 944164 261335 123728 376872 205034 111549 35595 196203 535239 87463 220106 434342 16138 11969 47151 26253 25560 20898 9825 6215 279867 320058 1323583 1569350 75596 32508 38750 22500 243175 563016 252504 211159 610025 829183 X 618590 277963 94968 462204 713558 740167 1323583 1569350 24192 2417 0 X 0 1 X 1 0 X 1203279 935348 1361515 1011904 1298873 5810919 1203279 935348 1361515 1011904 1298873 5810919 1066115 4744804 2970 23 9 8134 1359 12495 5823414 903915 0.81480 0.86860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47151 26253 20898 20898 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 29780 RIGHT OF USE ASSETS 211159 DUE FROM RELATED PARTY 79119 320058 OPERATING LEASE LIABILITIES 211159 211159 1475730 81000 38894 119894 1355836 -2417 -2417 1353419 1658841 81000 311018 392018 1266823 62404 62404 1329227 PART XI, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER LOAN FUND REVENUE, NET 38,894. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST -2,417. PART XII, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER LOAN FUND EXPENSES, NET 311,018. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO IOWA CENTER LOAN FUND ELIMINATED ON FINANCIAL STATEMENTS 62,404. 1 IOWA CENTER LOAN FUND 2210 GRAND AVENUE DES MOINES IA 50312 862366457 501(C)(3) 0 62404 FMV REDUCTION OF DEBT FOR LOAN FUND EXPENSES GRANT TO COVER LOAN CENTER DEFICITS 1 PART I, LINE 2: THE ORGANIZATION PROVIDED A GRANT TO COVER THE IOWA CENTER LOAN FUND DEFICITS. GRANT INFORMATION IS MAINTAINED WITHIN THE ACCOUNTING SOFTWARE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 TAX RETURN WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT IS REVIEWED ANNUALLY. ALL DIRECTORS AND STAFF ARE REQUIRED TO SIGN A STATEMENT STATING THEY HAVE READ AND UNDERSTAND THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN OF THE BOARD OF DIRECTORS PERFORMS AN ANNUAL PERFORMANCE REVIEW WITH THE PRESIDENT + CEO. THE METHODOLOGY USED TO DETERMINE SALARY INCREASES IS BASED UPON A COMMENSURATE SALARY AS COMPARED TO LIKE-SIZED NOT-FOR PROFIT ENTITIES IN CENTRAL IOWA, ALONG WITH AN ANNUAL REVIEW OF PERFORMANCE RESULTS; THE BOARD CHAIR NOTIFIES THE EXECUTIVE COMMITTEE OF CHANGES TO PRESIDENT + CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G TAX SITES: PROGRAM SERVICE EXPENSES 257,881. MANAGEMENT AND GENERAL EXPENSES 453. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 258,334. PEO: PROGRAM SERVICE EXPENSES 5,500. MANAGEMENT AND GENERAL EXPENSES 2,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,250. OTHER: PROGRAM SERVICE EXPENSES 337. MANAGEMENT AND GENERAL EXPENSES 4,521. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,858. IOWA CENTER LOAN FUND 2210 GRAND AVENUE DES MOINES IA 50312 862366457 MICRO-LENDING IA 501(C)(3) LINE 7 IOWA CENTER FOR ECONOMIC SUCCESS 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 IOWA CENTER LOAN FUND D 79119 LOAN BALANCE IOWA CENTER LOAN FUND B 62404 REDUCTION OF LOAN BALANCE