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 862366457 IOWA CENTER LOAN FUND 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 101298 0 X THEIOWACENTER.ORG/IOWA-CENTER-LOAN-FUND-CDFI X 2021 IA PROVIDE RESPONSIBLE, AFFORDABLE LENDING TO EXPAND ECONOMIC OPPORTUNITY. 5 4 16 4 0 0 0 62404 0 21311 0 17583 0 0 0 101298 0 0 0 0 0 206445 0 0 0 0 104573 0 311018 0 -209720 397183 1085519 187463 1085519 209720 0 X 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 ASSISTANCE. THE LOAN FUND SERVES LOW-INCOME BUSINESS OWNERS, BUSINESS OWNERS WHO LIVE IN ECONOMICALLY DISTRESSED AREAS AND OTHERWISE DIVERSE OR HISTORICALLY-DISADVANTAGED BUSINESS OWNERS. THE LOAN FUND WILL PROVIDE RESPONSIBLE, AFFORDABLE LENDING TO EXPAND ECONOMIC OPPORTUNITY. IN ADDITION TO FINANCING, THE IOWA CENTER LOAN FUND PROVIDES APPLICANTS WITH TECHNICAL ASSISTANCE, CONNECTS CLIENTS WITH NECESSARY BUSINESS SERVICES AND OFFERS CREDIT COUNSELING TO IMPROVE CREDIT HISTORY. 0 0 311018 21311 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. 311018 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X THE ORGANIZATION 5152830940 2210 GRAND AVENUE DES MOINES IA 50312 MEGAN MILLIGAN PRESIDENT 4.00 36.00 X X 0 139768 9573 MARK PHILLIPS CHAIR 0.25 33.00 X X 0 0 0 FRANKLIN CODEL VICE-CHAIR 0.25 3.00 X X 0 0 0 BILL WRIGHT TREASURER 0.25 3.00 X X 0 0 0 JODI RHONE SECRETARY 0.25 3.00 X X 0 0 0 DONNELL WISKUS DIRECTOR OF FINANCE 15.00 25.00 X 0 83192 9244 0 222960 18817 0 0 0 0 0 62404 62404 62404 LOAN INCOME 522298 21311 21311 21311 17583 17583 101298 21311 0 17583 147727 147727 46499 46499 12219 12219 3490 3490 16025 16025 BAD DEBT 78222 78222 LOAN ORIGINATION FEES 6836 6836 311018 311018 0 0 45218 6920 629972 351965 448627 397183 1085519 6400 100000 100000 900000 87463 79119 187463 1085519 X 209720 0 209720 0 397183 1085519 -209720 0 X 0 1 X 1 0 X 118064 45000 500 62404 225968 118064 45000 500 62404 225968 20129 205839 17583 17583 243551 45320 X 0 DUE TO RELATED PARTY 79119 79119 1475730 1436836 1436836 38894 62404 62404 101298 1658841 1347823 1347823 311018 0 311018 PART XI, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER FOR ECONCOMIC SUCCESS REVENUE, NET 1,436,836. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM IOWA CENTER FOR ECONCOMIC SUCCESS ELIMINATED ON FINANCIALS 62,404. PART XII, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER FOR ECONCOMIC SUCCESS EXPENSES, NET 1,347,823. X REDUCTION OF LOAN BALANCE 1 62404 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF CONTRIBUTORS. PART I, LINE 5 IOWA CENTER FOR ECONCOMIC SUCCESS ACTS AS THE COMMON PAYROLL PROVIDER FOR BOTH ENTITIES WITH TOTAL EMPLOYEE/W2 COUNT IN 2023 OF 16. THE SALARIES, OTHER COMPENSATION AND EMPLOYEE BENEFITS ALLOCATED TO IOWA CENTER LOAN FUND IS REFLECTED ON THEIR 990 FILING. 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 C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IOWA CENTER FOR ECONOMIC SUCCESS 2210 GRAND AVENUE DES MOINES IA 50312 201037604 ECONOMIC DEVELOPMENT IA 501(C)(3) LINE 7 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 IOWA CENTER FOR ECONOMIC SUCCESS E 79119 LOAN BALANCE IOWA CENTER FOR ECONOMIC SUCCESS C 62404 REDUCTION OF LOAN BALANCE