Public Charity

IOWA CENTER LOAN FUND

IOWA CENTER LOAN FUND is a nonprofit organization categorized as Public Charity based in DES MOINES, IA. Its most recent IRS filing (2025) reports revenue of $369K, expenses of $369K, total assets of $2.1M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $120K.

EIN: 862366457 DES MOINES, IA Small Business Development NTEE: S43 Latest filing: 2025
Total Revenue$369K
Total Expenses$369K
Total Assets$2.1M
Grant Records4
Funding Total$120K
Filing Years2021–2025

Mission

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.

Where $100 goes at Iowa Center Loan Fund

How Iowa Center Loan Fund divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
The organization provides new or growing small businesses with access to capital
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CHAIR Codel Franklin
PRESIDENT Milligan Megan
VICE CHAIR Mlivic Nerma
TREASURER Phillips Mark
SECRETARY Rhone Jodi
DIRECTOR OF CREDIT Venales Jose

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$100,000 1 grant
Economic Development
$20,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $369K $369K $2.1M
2024 $101K $311K $1.1M
2023 $14K $17K $397K
2022 $51K $26K $281K
2021 $122K $44 $187K

Between 2021 and 2025, reported annual revenue grew from $122K to $369K (+202%), with total assets most recently reported at $2.1M.

Interactive year-over-year charts and full filing details available with membership.

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IOWA COMMUNITY CAPITAL
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BIOCONNECT IOWA
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