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.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
| Position | Total |
|---|---|
President Below 10th percentilevs Community Improvement & Capacity Building peers in Iowa | $10k $10k |
Director of Credit Director (Operational) Below 10th percentile | $9k $10k |
VP of Finance Vice President 10th to 25th percentile | $6k $6k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2024, the highest total compensation at IOWA CENTER LOAN FUND equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Chief Executive Officer pay rose 2% from 2023 to 2024, while revenue rose 264%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about IOWA CENTER LOAN FUND
What does the Chief Executive Officer of IOWA CENTER LOAN FUND earn?
In 2024, the Chief Executive Officer of IOWA CENTER LOAN FUND received $9,756 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Iowa: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at IOWA CENTER LOAN FUND compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Iowa, the 2024 pay of the Chief Executive Officer at IOWA CENTER LOAN FUND falls in the bottom 10%. In 2024, the highest total compensation at IOWA CENTER LOAN FUND equaled 3% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are IOWA CENTER LOAN FUND's revenue and expenses?
In 2024, IOWA CENTER LOAN FUND reported $369k in total revenue and $369k in total expenses on its IRS Form 990.
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