Nonprofit · EIN 20-1037604
IOWA CENTER FOR ECONOMIC SUCCESS
Tax-exempt · DES MOINES, IA 50312
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,416,542 | $1,358,204 | $58,338 | $1,669,276 | $867,958 | $801,318 |
| June 30, 2024 | 990 | $1,353,419 | $1,329,227 | $24,192 | $1,569,350 | $829,183 | $740,167 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,325,529
- of which government grants
- $740,728
- Program service revenue
- $88,238
- Investment income
- $2,775
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,965
- Compensation of officers, directors and key employees
- $369,417
- Other salaries and wages
- $348,993
- Salaries, compensation and benefits (total)
- $879,108
- Professional fundraising fees
- $0
- Accounting fees
- $26,750
- Occupancy
- $64,886
- Travel
- $10,750
- Depreciation
- $8,149
- Program services (functional)
- $1,020,828
- Management and general (functional)
- $210,530
- Fundraising (functional)
- $126,846
Balance sheet and other
- Total assets, start of year
- $1,569,350
- Total assets, end of year
- $1,669,276
- Total liabilities, end of year
- $867,958
- Net assets, end of year
- $801,318
- Land, buildings and equipment
- $35,167
- Net assets without donor restrictions
- $246,318
- Net assets with donor restrictions
- $555,000
- Gross receipts
- $1,416,542
- Employees
- 18
- Volunteers
- 163
- Year formed
- 2004
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MILLIGAN MEGAN | PRESIDENT AND CEO Officer | 36 | $137,500 | $9,756 |
| VENALES JOSE | DIRECTOR OF CREDIT Officer | 25 | $101,728 | $9,334 |
| WISKUS DONNELL | VP OF FINANCE Officer | 25 | $102,375 | $5,505 |
| CODEL FRANKLIN | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| MLIVIC NERMA | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| PHILLIPS MARK | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| RHONE JODI | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| BUNNEY MARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHORNIAK KEVIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVERETT DAVID | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GU JINGKAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROLOW ANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAH TAUFEEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WING CLARISSA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WONG CHINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WRIGHT BILL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MEGAN MILLIGAN | PRESIDENT Officer | 40 | $139,768 | $9,573 |
| DONNELL WISKUS | DIRECTOR OF FINANCE Officer | 40 | $83,192 | $9,244 |
| MARK PHILLIPS | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| FRANKLIN CODEL | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| BILL WRIGHT | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| JODI RHONE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| MARI BUNNEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN CHORNIAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVERETT MILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NERMA MLIVIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAUFEEK SHAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN ROLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHINA WONG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEMSA DIDIC | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLARISSA WING | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2210 GRAND AVE, DES MOINES, IA 50312-5306
- In care of
- % ALEXANDER A POLZIN
- Principal officer (990 for 2024)
- ERIN STRAWN, 2210 GRAND AVENUE, DES MOINES, IA 50312
- Signed the 990
- ERIN STRAWN, CEO AND PRESIDENT
- Phone
- (515) 283-0940
- Website
- WWW.THEIOWACENTER.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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.Expenses $420,543 · revenue $6,400
- 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.Expenses $366,291 · revenue $31,338
- 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.Expenses $233,994 · grants $23,965 · revenue $50,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1037604
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $1,669,276
- Income (IRS master file)
- $1,416,542
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,416,542 | $1,358,204 | $1,669,276 | XML |
| 990 | June 2024 | $1,353,419 | $1,329,227 | $1,569,350 | XML |
| 990 | June 2023 | $1,154,286 | $1,340,376 | $1,323,583 | IRS |
| 990 | June 2022 | $1,455,133 | $1,218,083 | $1,055,272 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1037604).
Questions about IOWA CENTER FOR ECONOMIC SUCCESS
- What is the EIN of IOWA CENTER FOR ECONOMIC SUCCESS?
- The employer identification number (EIN) of IOWA CENTER FOR ECONOMIC SUCCESS is 20-1037604.
- Is IOWA CENTER FOR ECONOMIC SUCCESS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to IOWA CENTER FOR ECONOMIC SUCCESS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IOWA CENTER FOR ECONOMIC SUCCESS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA CENTER FOR ECONOMIC SUCCESS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA CENTER FOR ECONOMIC SUCCESS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of IOWA CENTER FOR ECONOMIC SUCCESS?
- The 990 for the year ended June 30, 2025 names ERIN STRAWN.
- Who are the officers and directors of IOWA CENTER FOR ECONOMIC SUCCESS?
- The 990 for the year ended June 30, 2025 lists 16 people; 3 received compensation from the organization, the highest $137,500 (MILLIGAN MEGAN, PRESIDENT AND CEO).
- How much revenue does IOWA CENTER FOR ECONOMIC SUCCESS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,416,542, expenses of $1,358,204 and total assets of $1,669,276 at year end.
Other nonprofits in DES MOINES
- DES MOINES PERFORMING ARTS EIN 51-0138181 · last filed 990 for 2025
- GREATER DES MOINES PARTNERSHIP EIN 42-1489668 · last filed 990 for 2025
- BIOCONNECT IOWA EIN 45-3690618 · last filed 990 for 2025
- CENTER AT SIXTH EIN 88-2816453 · last filed 990 for 2024
- IOWA RURAL HEALTH TELECOMMUNICATIONS PROGRAM EIN 46-2933510 · last filed 990 for 2024
- DOWNTOWN DES MOINES SELF-SUPPORTED MUNICIPAL IMPROVEMENT DISTRICT EIN 86-1058466 · last filed 990 for 2025
- NEIGHBORHOOD INVESTMENT CORPORATION EIN 42-1522241 · last filed 990 for 2025
- IOWA CITIZENS FOR COMMUNITY IMPROVEMENT EIN 42-1110721 · last filed 990 for 2025
All nonprofits in DES MOINES · Iowa · Community improvement and capacity building