IOWA CENTER FOR ECONOMIC SUCCESS Charity Report

Public IRS 990 nonprofit record

IOWA CENTER FOR ECONOMIC SUCCESS

EIN 20-1037604 · Economic Development (S30)

What they do

THE IOWA CENTERS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $75.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

72.06%of revenue went to mission work75.2% of expenses · Program services

8.95%of revenue went to fundraising9.3% of expenses

$95.88spent for every $100 of revenueRevenue covered expenses this year.

14.86%of revenue went to management and office costs15.5% of expenses

$1.23in assets for every $1 spent this yearSome assets cannot be spent right away.

93.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $147,256 for MILLIGAN MEGAN (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,416,542

Mission workProgram services$1,020,82872.06% of revenue75.2% of expenses

ManagementOffice and general costs$210,53014.86% of revenue15.5% of expenses

FundraisingAsking for donations$126,8468.95% of revenue9.3% of expenses

Revenue left after expensesReported annual surplus$58,3384.12% of revenueShown in gray on the chart

Total expenses$1,358,20495.88% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 75.2% mission · 15.5% management · 9.3% fundraisingTotal expenses: 95.88% of revenue

2023Expense mix: 71.0% mission · 19.7% management · 9.3% fundraisingTotal expenses: 98.21% of revenue

2022Expense mix: 74.3% mission · 24.8% management · 1.0% fundraisingTotal expenses: 116.12% of revenue

2021Expense mix: 86.9% mission · 12.1% management · 1.0% fundraisingTotal expenses: 83.71% of revenue

2020Expense mix: 78.7% mission · 20.4% management · 0.9% fundraisingTotal expenses: 104.97% of revenue

2019Expense mix: 86.6% mission · 12.2% management · 1.2% fundraisingTotal expenses: 72.22% of revenue

2018Expense mix: 83.8% mission · 14.7% management · 1.5% fundraisingTotal expenses: 97.77% of revenue

2017Expense mix: 85.3% mission · 14.7% management · 0.0% fundraisingTotal expenses: 97.77% of revenue

Money in and money out

Revenue$1,416,542

Expenses$1,358,204

Annual surplus $58,338 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,020,828 · 75.2% of expenses

Management and office costs$210,530 · 15.5% of expenses

Fundraising$126,846 · 9.3% of expenses

See all reported dollar amounts

Revenue$1,416,542

Expenses$1,358,204

Assets$1,669,276

Income$1,416,542

Contributions$1,325,529

Mission work (program services)$1,020,828

Fundraising$126,846

Grants given$186,099

Average grant$62,033

Management and general$210,530

Executive compensation (total)$104,115

Accounting fees$26,750

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MILLIGAN MEGANPRESIDENT AND CEO · 36 hrs/week $147,256Base $137,500 · Other $9,756

VENALES JOSEDIRECTOR OF CREDIT · 25 hrs/week $111,062Base $101,728 · Other $9,334

WISKUS DONNELLVP OF FINANCE · 25 hrs/week $107,880Base $102,375 · Other $5,505

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

MILLIGAN MEGANPRESIDENT AND CEO

VENALES JOSEDIRECTOR OF CREDIT

WISKUS DONNELLVP OF FINANCE

BUNNEY MARIDIRECTOR

CHORNIAK KEVINDIRECTOR

CODEL FRANKLINCHAIR

EVERETT DAVIDDIRECTOR

GU JINGKANDIRECTOR

MLIVIC NERMAVICE CHAIR

PHILLIPS MARKTREASURER

RHONE JODISECRETARY

ROLOW ANNDIRECTOR

SHAH TAUFEEKDIRECTOR

WING CLARISSADIRECTOR

WONG CHINADIRECTOR

WRIGHT BILLDIRECTOR

About this charity

Recognized since: January 2009
Location: 2210 GRAND AVE, DES MOINES, IA 50312-5306
County: Polk
In care of: % ALEXANDER A POLZIN
Primary officer: ERIN STRAWN, CEO AND PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailINFO@THEIOWACENTER.ORG Phone(515) 283-0940

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CLIFTONLARSONALLEN LLP
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development
Grant-giving organization: Yes