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IOWA COMMUNITY CAPITAL: Form 990EZ, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
IOWA COMMUNITY CAPITAL (EIN 42-1502371)
Tax period
2018-07-01 to 2019-06-30
Filed
2019-10-08
IRS object ID
201932819349200773
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-10-08T12:35:02-07:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421169936PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Houston & Seeman PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1724 Story St 601AddressLine1Txt
CityBooneCityNm
State AbbreviationIAStateAbbreviationCd
ZIP500362871ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2018-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN421502371EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IOWA COMMUNITY CAPITALBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIOWABusinessNameControlTxt
Phone5152120182PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1915 8TH STREETAddressLine1Txt
CityBOONECityNm
State AbbreviationIAStateAbbreviationCd
ZIP50036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCRAIG DOWNSPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2019-10-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEric G SeemanPreparerPersonNm
PTINP00333184PTIN
Phone5154321176PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Website Addresswww.solidaritymicrofinance.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$178,679GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$152,945ContributionsGiftsGrantsEtcAmt
Investment Income$25,734InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$178,679TotalRevenueAmt
Salaries Other Comp Empl Bnft$126,585SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$29,465FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$14,188OccupancyRentUtltsAndMaintAmt
Other Expenses Total$42,655OtherExpensesTotalAmt
Total Expenses$212,893TotalExpensesAmt
Excess Or Deficit For Year-$34,214ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$433,558NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$399,344NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$240,353BOYAmt
EOY$118,466EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$193,927BOYAmt
EOY$281,268EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$434,280BOYAmt
EOY$399,734EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$722BOYAmt
EOY$390EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$433,558BOYAmt
EOY$399,344EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeTHE MISSION OF IOWA COMMUNITY CAPITAL IS TO STRENGTHEN THE SOCIAL AND ECONOMIC WELL BEING OF INDIVIDUALS AND COMMUNITIES THROUGH FINANCIAL SERVICES. IOWA COMMUNITY CAPITAL PROVIDES LOANS TO LOW-AND MODERATE-INCOME INDIVIDUALS IN IOWA.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE MISSION OF IOWA COMMUNITY CAPITAL IS TO STRENGTHEN THE SOCIAL AND ECONOMIC WELL BEING OF INDIVIDUALS AND COMMUNITIES THROUGH FINANCIAL SERVICES. IOWA COMMUNITY CAPITAL PROVIDES LOANS TO LOW-AND MODERATE-INCOME INDIVIDUALS IN IOWA.DescriptionProgramSrvcAccomTxt
Grants And Allocations$155,497GrantsAndAllocationsAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$155,497TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MARK EDELMAN
Chairman4.00$0
CRAIG DOWNS
Secretary4.00$0
CLARENCE MCGREGOR
Director2.00$0
BURT CHOJNOWSKI
Director2.00$0
CAROL RICHARDSON SMITH
Director2.00$0
RANDY SCHMITZ
Treasurer4.00$0
CATHERINE BROOKE
Director2.00$0
ANN KINDWALL
Director2.00$0
BILL MENNER
Director2.00$0
MICHAEL THIBODEAU
Director2.00$0
ERIC IDEHEN
Director2.00$0
EMMELINE QUINDE
Director2.00$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Organization Filed990 TfalseOrganizationFiled990TInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Initiation Fees And Cap Contri$0InitiationFeesAndCapContriAmt
Gross Receipts For Public Use$0GrossReceiptsForPublicUseAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSECRETARYPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1915 8TH STREET STE 205AddressLine1Txt
CityBOONECityNm
State AbbreviationIAStateAbbreviationCd
ZIP50036ZIPCd
FieldValueIRS element (for citing)
Phone5152120182PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Form720 FiledfalseForm720FiledInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Related Org Sect527 OrgfalseRelatedOrgSect527OrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$89,754CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$299,896CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$288,606CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$314,050CurrentTaxYearMinus1YearAmt
Current Tax Year$152,945CurrentTaxYearAmt
Total$1,145,251TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$89,754CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$299,896CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$288,606CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$314,050CurrentTaxYearMinus1YearAmt
Current Tax Year$152,945CurrentTaxYearAmt
Total$1,145,251TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$1,145,251PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$897CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,212CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$13,674CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,837CurrentTaxYearMinus1YearAmt
Current Tax Year$25,734CurrentTaxYearAmt
Total$67,354TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$54,985CurrentTaxYearMinus1YearAmt
Total$54,985TotalAmt
FieldValueIRS element (for citing)
Total Support$1,267,590TotalSupportAmt
Public Support CY1700.90350PublicSupportCY170Pct
Public Support PY1700.92300PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (15 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $930
Other Expenses.1002Office Expenses $6649
Other Expenses.1005Travel $3466
Other Expenses.1007Conferences, Conventions, and Meetings $1395
Other Expenses.1012Insurance $2761
Other Expenses.1IFMCV CONTRACT $24996
Other Expenses.2EVENT EXPENSE $1506
Other Expenses.3DUES $545
Other Expenses.4TRAINING $264
Other Expenses.5MEALS $143
Other Assets.1011Prepaid Expenses and Deferred Charges - Beginning $7549 Prepaid Expenses and Deferred Charges - Ending $7003
Other Assets.1LOAN POOL ADVANCES - Beginning $186378 LOAN POOL ADVANCES - Ending $213715
Other Assets.2DEPOSIT - Beginning $0 DEPOSIT - Ending $550
Other Assets.3NOTE RECEIVABLE - Beginning $0 NOTE RECEIVABLE - Ending $60000
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $722 Accounts Payable and Accrued Expenses - Ending $390

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