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Nonprofit · EIN 42-1502371

IOWA COMMUNITY CAPITAL

Tax-exempt · BOONE, IA 50036

Financials

$949K$707K2023$334K$947K2024
Revenue Expenses · by fiscal year end
Financials of IOWA COMMUNITY CAPITAL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$333,819$946,925-$613,106$2,141,527$142,641$1,998,886
June 30, 2024990$948,825$706,599$242,226$2,692,418$80,426$2,611,992
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$242,095
of which government grants
$241,436
Program service revenue
$20,000
Investment income
$71,724
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$63,840
Other salaries and wages
$196,404
Salaries, compensation and benefits (total)
$291,146
Professional fundraising fees
$0
Occupancy
$10,887
Travel
$11,749
Program services (functional)
$752,174
Management and general (functional)
$194,751

Balance sheet and other

Total assets, start of year
$2,692,418
Total assets, end of year
$2,141,527
Total liabilities, end of year
$142,641
Net assets, end of year
$1,998,886
Net assets without donor restrictions
$1,972,709
Net assets with donor restrictions
$26,177
Gross receipts
$333,819
Employees
5
Year formed
2000
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.

NameTitleHours / weekCompensation
JEFFREY WILLIAMSCEO
Officer
4$63,840
MARK EDELMANCHAIR
Trustee or director, Officer
4$0
VINCE LINTZVICE CHAIR
Trustee or director, Officer
4$0
CHANIN LARSONTREASURER
Trustee or director, Officer
4$0
BURT CHOJNOWSKIDIRECTOR
Trustee or director
2$0
CLARENCE MCGREGORDIRECTOR
Trustee or director
2$0
ANN KINDWALLDIRECTOR
Trustee or director
2$0
CHERYL ERBDIRECTOR
Trustee or director
2$0
RESHONDA YOUNGDIRECTOR
Trustee or director
2$0
TRACY JON SARGEANTDIRECTOR
Trustee or director
2$0
NICOLE LARSONDIRECTOR
Trustee or director
2$0
SHELLEY GARRINGTONDIRECTOR
Trustee or director
2$0
JASON YATESDIRECTOR
Trustee or director
2$0
SUZANNE BARTHOLOMAEDIRECTOR
Trustee or director
2$0
JOHN MACALLEYDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensation
JEFFREY WILLIAMSCEO
Officer
4$44,458
MARK EDELMANCHAIR
Trustee or director, Officer
4$0
VINCE LINTZVICE CHAIR
Trustee or director, Officer
4$0
CHANIN LARSONTREASURER
Trustee or director, Officer
4$0
BURT CHOJNOWSKIDIRECTOR
Trustee or director
2$0
CLARENCE MCGREGORDIRECTOR
Trustee or director
2$0
ANN KINDWALLDIRECTOR
Trustee or director
2$0
CHERYL ERBDIRECTOR
Trustee or director
2$0
RESHONDA YOUNGDIRECTOR
Trustee or director
2$0
TRACY JON SARGEANTDIRECTOR
Trustee or director
2$0
NICOLE LARSONDIRECTOR
Trustee or director
2$0
SHELLEY GARRINGTONDIRECTOR
Trustee or director
2$0
JASON YATESDIRECTOR
Trustee or director
2$0
SUZANNE BARTHOLOMAEDIRECTOR
Trustee or director
2$0
JOHN MACALLEYDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
915 8TH STREET STE 205, BOONE, IA 50036-2921
In care of
% CRAIG DOWNS
Mailing address (990-N for 2012)
915 8th Street Suite 205, Boone IA 50036
Principal officer (990 for 2024)
JEFFREY WILLIAMS, 915 8TH STREET SUITE 205, BOONE, IA 50036
Principal officer (990-N for 2012)
Craig Downs, 915 8th Street Suite 205, Boone IA 50036
Signed the 990
JEFFREY WILLIAMS, CEO
Phone
(515) 298-1871
Return prepared by
COMMUNITY CPA & ASSOCIATES INC

Mission

TO STRENGTHEN THE SOCIAL AND ECONOMIC WELL BEING OF INDIVIDUALS AND COMMUNITIES THROUGH FINANCIAL SERVICES. IOWA COMMUNITY CAPITAL PROVIDES LOANS TO LOW-AND MODERATE-INCOME INDIVIDUALS IN IOWA.

990 for the year ended June 30, 2025

Program accomplishments

  • LOAN & FINANCIAL SERVICES: LOANS: SMALL, COLLATERAL-FREE LOANS WITH 6 MONTHS REPAYMENT PERIOD SAVINGS: ICC OFFERS EACH MEMBER NO FEE SAVINGS SERVICES THROUGH A LOCAL BANK SPONSOR. MEMBERS MUST ESTABLISH A SAVINGS ACCOUNT FOR EMERGENCIES AND DEPOSIT ADDITIONAL FUNDS EVERY SIX MONTHS. TRAINING: ICC PROVIDES TRAININGS TO HELP OUR MEMBERS UNDERSTAND FINANCIAL BASICS AND DEVELOP LEADERSHIP SKILLS. SUPPORT: A PROGRAM STAFF MEMBER MEETS BI WEEKLY WITH GROUPS OF BORROWERS TO PROVIDE SUPPORT AND GUIDANCE.
    Expenses $752,174

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-1502371
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
2004
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,141,527
Income (IRS master file)
$333,819

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$333,819$946,925$2,141,527IRS
990June 2024$948,825$706,599$2,692,418IRS
990June 2023$500,434$594,631$2,399,096IRS
990June 2022$1,776,388$400,736$2,471,585IRS
990June 2021–––IRS
990-EZJune 2019–––IRS
990-N for 2012
Officer: Craig Downs
June 30, 2013≤ $50,000 receipts––e-Postcard

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 42-1502371).

Questions about IOWA COMMUNITY CAPITAL

What is the EIN of IOWA COMMUNITY CAPITAL?
The employer identification number (EIN) of IOWA COMMUNITY CAPITAL is 42-1502371.
Is IOWA COMMUNITY CAPITAL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to IOWA COMMUNITY CAPITAL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IOWA COMMUNITY CAPITAL 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 COMMUNITY CAPITAL 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 COMMUNITY CAPITAL 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 COMMUNITY CAPITAL?
The 990 for the year ended June 30, 2025 names JEFFREY WILLIAMS.
Who are the officers and directors of IOWA COMMUNITY CAPITAL?
The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $63,840 (JEFFREY WILLIAMS, CEO).
How much revenue does IOWA COMMUNITY CAPITAL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $333,819, expenses of $946,925 and total assets of $2,141,527 at year end.

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