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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 2024. Filed on January 15, 2025.

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 2024 IRS Form 990 filing, Iowa Center Loan Fund, a 501(c)(3) charitable organization, reported compensation for 1 out of 16 total employees. Among the employees shown here, the average compensation is $92,436. The highest compensated employee at Iowa Center Loan Fund is Donnell Wiskus with fiscal year 2024 compensation of $92,436.

Revenue, expenses, and employee compensation

Revenue

$101,298

Expenses

$311,018

Employee compensation

$206,445
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Donnell Wiskus
Finance Director
$92,436
$0 $83,192 $9,244

Benchmark Employee Compensation

Non-Employee Board Members

Megan Milligan
President
$149,341
$0 $139,768 $9,573
Franklin Codel
Vice Chair
No compensation reported
Jodi Rhone
Secretary
No compensation reported
Bill Wright
Treasurer
No compensation reported
Mark Phillips
Chair
No compensation reported

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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