2025-12-16T12:35:52-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2024-07-01 201037604 IOWA CENTER FOR ECONOMIC SUCCESS IOWA 5152830940 2210 GRAND AVENUE DES MOINES IA 50312 ERIN STRAWN CEO AND PRESIDENT 5152830940 2025-12-16 1 0 DAVID LITTLE P01480921 3193632697 2025-12-16 2024 2025-03-06 01:10:19Z ERIN STRAWN 2210 GRAND AVENUE DES MOINES IA 50312 1416542 0 X WWW.THEIOWACENTER.ORG X 2004 IA EMPOWER IOWANS WITH THE POTENTIAL TO SUCCEED AS THEY PURSUE FINANCIAL SUCCESS. 13 13 18 163 0 0 1298873 1325529 53187 88238 1359 2775 0 0 1353419 1416542 62404 23965 0 0 761639 879108 0 0 126846 505184 455131 1329227 1358204 24192 58338 1569350 1669276 829183 867958 740167 801318 X THE IOWA CENTER'S MISSION IS TO EMPOWER IOWANS WITH THE POTENTIAL TO SUCCEED AS THEY PURSUE OPPORTUNITIES FOR FINANCIAL SUCCESS. THE IOWA CENTER ACHIEVES ITS MISSION BY DELIVERING THREE LINES OF DIRECT SERVICE THAT OPEN UP SMALL BUSINESS OWNERSHIP AS A PATHWAY TO FINANCIAL FREEDOM: BUSINESS COACHING, CREDIT + LENDING, AND TAX SERVICES. 0 0 420543 0 6400 THE IOWA CENTER OFFERS TWO TAX SERVICES PROGRAMS. THE STATEWIDE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM PROVIDES FREE INCOME TAX PREPARATION SERVICES FOR INDIVIDUALS, FAMILIES AND SMALL BUSINESSES WHO GENERALLY EARN UP TO ABOUT $70,000. THE IOWA CENTER PROVIDES VITA SERVICES DIRECTLY AND ALSO PROVIDES FUNDING, OVERSIGHT AND COMPLIANCE TO PARTNER ORGANIZATIONS TO PROVIDE STATEWIDE ACCESS TO THIS SERVICE. THE IOWA CENTER ALSO PROVIDES TAX PREPARATION AND PLANNING SERVICES FOR SMALL BUSINESSES. THESE PROGRAMS PROVIDE TAX SERVICES PAIRED WITH EDUCATION TO HELP IOWANS UNDERSTAND AND FULFILL THEIR TAX OBLIGATIONS, AND ENSURE THAT THEY ARE ACCESSING ALL OF THE BENEFITS AVAILABLE TO THEM UNDER THE TAX CODE. 366291 0 31338 BUSINESS COACHING. THE IOWA CENTER PROVIDES SKILL-BASED COACHING RESOURCES IN BOTH THE CLASSROOM AND THE 1:1 SETTING 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. 233994 23965 50500 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 WITH FLEXIBLE UNDERWRITING GUIDELINES AND TECHNICAL ASSISTANCE AT EVERY STEP OF THE LOAN PROCESS. 1020828 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 9 0 1 18 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 CODEL FRANKLIN CHAIR 3.00 0.25 X X 0 0 0 MLIVIC NERMA VICE CHAIR 3.00 0.25 X X 0 0 0 PHILLIPS MARK TREASURER 3.00 0.25 X X 0 0 0 RHONE JODI SECRETARY 3.00 0.25 X X 0 0 0 BUNNEY MARI DIRECTOR 1.00 X 0 0 0 CHORNIAK KEVIN DIRECTOR 1.00 X 0 0 0 EVERETT DAVID DIRECTOR 1.00 X 0 0 0 GU JINGKAN DIRECTOR 1.00 X 0 0 0 ROLOW ANN DIRECTOR 1.00 X 0 0 0 SHAH TAUFEEK DIRECTOR 1.00 X 0 0 0 WING CLARISSA DIRECTOR 1.00 X 0 0 0 WONG CHINA DIRECTOR 1.00 X 0 0 0 WRIGHT BILL DIRECTOR 1.00 X 0 0 0 MILLIGAN MEGAN PRESIDENT AND CEO 36.00 4.00 X 137500 0 9756 WISKUS DONNELL VP OF FINANCE 25.00 15.00 X 102375 0 5505 VENALES JOSE DIRECTOR OF CREDIT 25.00 15.00 X 101728 0 9334 341603 0 24595 3 0 0 0 0 66100 740728 518701 1001 1325529 CONTRACT INCOME 541900 50500 50500 LOAN INCOME 522299 31338 31338 CLASS FEES 611430 6400 6400 88238 2775 2775 1416542 88238 0 2775 X 23965 23965 369417 300521 55412 13484 348993 219637 43587 85769 15224 8589 896 5739 61330 38467 9750 13113 84144 64525 10878 8741 26750 12982 13768 170969 166047 4922 1641 616 1025 49583 29540 20043 64886 30641 34245 10750 10375 375 8149 251 7898 11661 6314 5347 OTHER PROGRAM EXPENSES 88583 86199 2384 CREDIT LOSS EXPENSE 22159 22159 1358204 1020828 210530 126846 205034 238116 35595 178822 535239 461034 434342 434858 11969 13914 66709 31542 20898 35167 6215 3355 320058 304010 1569350 1669276 32508 32835 22500 13559 563016 651757 211159 169807 829183 867958 X 277963 246318 462204 555000 740167 801318 1569350 1669276 58338 2813 0 X 0 1 X 1 1 1 X 935348 1361515 1011904 1298873 1326992 5934632 935348 1361515 1011904 1298873 1326992 5934632 836811 5097821 23 9 8134 1359 2775 12300 5946932 708359 0.85720 0.81480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66709 31542 35167 35167 BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 32592 RIGHT OF USE ASSET 169807 DUE FROM RELATED PARTY 101611 304010 OPERATING LEASE LIABILITIES 169807 169807 1806131 41556 345220 386776 1419355 -2813 -2813 1416542 1744980 41556 369185 410741 1334239 23965 23965 1358204 PART XI, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER LOAN FUND REVENUE 345,220. PART XI, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST -2,813. PART XII, LINE 2D - OTHER ADJUSTMENTS: IOWA CENTER LOAN FUND EXPENSES 369,185. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT TO IOWA CENTER LOAN FUND ELIMINATED ON FINANCIAL STATEMENTS 23,965. 1 IOWA CENTER LOAN FUND 2210 GRAND AVENUE DES MOINES IA 50312 862366457 501(C)(3) 0 23695 FMV REDUCTION OF DEBT FOR LOAN FUND EXPENSES GRANT TO COVER LOAN CENTER DEFICITS 1 0 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 ALL DIRECTORS SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE WARLIEST PRACTICABLE TIME. NO DIRECTOR SHALL VOTE ON ANY MATTER, UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING, IN WHICH SUCH DIRECTOR HAS A CONFLCIT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE DIRECTOR WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS BY MAJORITY VOTE. AT THE FALL MEETING, AN ANNUAL CONFLICT OF INTEREST FORM SHALL BE SIGNED BY EACH VOTING MEMEBR OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRMAN OF THE BOARD OF DIRECTORS PERFOMRS AN ANNUAL PERFORMANCE REVIEW WITH THE PRESIDENT + CEO. THE METHODOLGY USED TO DETERMINE SALARY INCREASES IS BASED UPON A COMMENSURATE SALARY AS COMPARED TO A 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 CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 10,483. MANAGEMENT AND GENERAL EXPENSES 4,922. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,405. SUBCONTRACTED FEES: PROGRAM SERVICE EXPENSES 155,564. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,564. 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 101611 LOAN BALANCE IOWA CENTER LOAN FUND B 23965 REDUCTION OF LOAN BALANCE