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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Iowa Center Loan Fund

Iowa Center Loan Fund

Fiscal year ending 2023. Filed on December 21, 2023.

2210 Grand Avenue
Des Moines, Iowa 50312

Iowa Center Loan Fund (EIN: 86-2366457) has filed an IRS Form 990 since fiscal year 2021. In its fiscal year 2023 IRS Form 990 filing, Iowa Center Loan Fund, a 501(c)(3) charitable organization, reported compensation for 7 employees. Among the employees shown here, the average compensation is $0.

Revenue, expenses, and employee compensation

Revenue

$14,449

Expenses

$16,533

Employee compensation

—
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Franklin Codel
Vice Chair
$0
Mark Phillips
Chair
$0
Megan Milligan
President
$0
Bill Wright
Treasurer
$0
Alex Polzin
Director of Finance THRU 4/2023
$0
Jodi Rhone
Secretary
$0
Donnell Wiskus
Finance Director
$0

Benchmark Employee Compensation

Non-Employee Board Members

No board members were reported during this fiscal year.

Mission Statement

THE MISSION OF THE IOWA CENTER LOAN FUND CDFI IS TO REDUCE PROVERTY 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.

Revisions to this organization profile

December 16, 2025:
2025 Iowa Center Loan Fund 990 filed
January 15, 2025:
2024 Iowa Center Loan Fund 990 filed
December 21, 2023:
2023 Iowa Center Loan Fund 990 filed

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